Course

Unit 1:
Introduction to Entrepreneurship in Biomedical Sciences, Overview of the entrepreneurial ecosystem, Role of entrepreneurship in translating biomedical research into products and services, Introduction to business model canvas and lean start up methodology
Unit 2:
Identifying Opportunities in Biomedical Innovation, Trends and opportunities in biomedical research and healthcare, Needs assessment and market analysis, Identifying unmet clinical needs and customer pain points
Unit 3:
Business Planning and Strategy Development, Business model development and validation, Strategic planning and competitive analysis, Value proposition design and customer segmentation
Unit 4:
Intellectual Property Management and Technology Transfer, Basics of intellectual property (IP) protection, Patenting process and strategies for IP management, Licensing agreements and technology transfer in academia-industry partnerships
Unit 5:
Funding and Financing in Biomedical Entrepreneurship, Sources of funding for biomedical startups (grants, angel investors, venture capital), Pitching and fundraising strategies, Financial modeling and valuation techniques
Unit 6:
Regulatory Affairs and Compliance in Biomedical Ventures, Overview of regulatory pathways for medical devices, diagnostics, and therapeutics, Compliance with FDA regulations and other regulatory agencies, Quality management systems and Good Manufacturing Practices (GMP)
Unit 7:
Case Studies of Successful Biomedical Startups, Analysis of successful entrepreneurial ventures in biotechnology, medical devices, and digital health, Lessons learned from real-world examples of biomedical innovation and commercialization
Unit 8:
Developing a Business Plan and Pitch Presentation, Components of a business plan (executive summary, market analysis, financial projections, etc.), Pitch deck essentials and effective communication strategies, Peer review and feedback on business plan presentations

Preamble
Entrepreneurship in Biomedical Sciences is a graduate-level course designed to provide students with the knowledge and skills necessary to translate biomedical innovations into successful ventures. The course will cover topics such as identifying opportunities, developing business models, securing funding, navigating regulatory pathways, and commercializing biomedical technologies. Through lectures, case studies, guest speakers, and hands-on exercises, students will learn about the entrepreneurial ecosystem in the biomedical field and develop strategies for launching and managing biomedical startups.

Course outcome

CO1: To understand the principles and processes of entrepreneurship in the biomedical sciences.
CO2: To identify opportunities for innovation and commercialization in biomedical research.
CO3: To develop skills in business planning, market analysis, and intellectual property management.
CO4: To learn about funding sources, investment strategies, and venture capital in the biomedical sector.
CO5: To explore regulatory pathways and compliance requirements for biomedical products and services.
CO6: To analyze case studies of successful biomedical startups and entrepreneurial ventures.
CO7: To develop a business plan or pitch presentation for a biomedical startup concept.

Program outcome (PO)

PO1: Utilize scientific principles and methodologies to design innovative solutions for data analysis, experimentation, and product development for challenges in translational research.
PO2: Recognize the importance of environmental sustainability in translational research and strive to minimize adverse environmental impacts.
PO3: Engage in ethical conduct, leadership, active listening, constructive feedback, and interpersonal communication to facilitate productive collaborations and knowledge exchange.
PO4: Acquire fundamental and advanced knowledge and skills in project management, financial planning, and entrepreneurship relevant to translational research ventures and initiatives.
3 = High Affinity, 2 = Medium Affinity, 1 = Low Affinity, – = No Affinity

Program Specific Outcome (PSO)

PSO1: Addresses the complexity of interdisciplinary sciences in biological and medical contexts.
PSO2: Deals with regulatory affairs in medicine, covering topics such as ethical considerations and regulatory frameworks.
PSO3: Covers compounds as drugs and their efficacy, involving pharmacology and drug development.
PSO4: Explores the intersection of bioinformatics and artificial intelligence in biology and medicine.
PSO5: Deals with technology in personalizing medicine, involving precision medicine approaches.
PSO6: Focuses on communicating and disseminating science and medicine to the public, involving science communication and public outreach efforts.

Mellor, R., 2008. Entrepreneurship for everyone: A student textbook. Entrepreneurship for Everyone, pp.1-256.