Bio-Entrepreneurship Crash Course: Cultivating the Entrepreneurial Mindset and Business Skillsets to Start up New Biotech Ventures
WHEN & WHERE
Wednesday, September 17 through Friday, September 19 at the University of Tuscia, DISTU, Via San Carlo, 32 - Viterbo, Italy.
The aim of this three-day bespoke crash course - designed together with the BIOINNO university and industry alliance, and based on new teaching and learning methodologies that are inspired and informed by the Enterprisers model of the University of Cambridge - is to bring together talented individuals from diverse backgrounds and higher education institutions in Europe in order to stimulate new conversations and recognize opportunities for bio-entrepreneurial ventures and to introduce students and researchers to entrepreneurial actions in order to better understand how to develop, protect and commercialize Intellectual Property resulting from their own research or that of their group in the biotech/bioscience and bioeconomy sector.
WHAT YOU CAN EXPECT
In this 3-d intensive course, we will also offer in-depth analysis of the rapidly evolving biotechnology industry and provide key concepts and skills for future bio-entrepreneurs interested in starting technology-based businesses. The 3-day crash courses will focus on evolving a biotech product from proof-of-concept to prototype development, with additional case studies learning from the bioenergy and bio-based product sectors. Students will learn the fundamentals of successful technological entrepreneurship. Students/teams start with a proof-of-concept product they bring to class or select from projects provided by instructor. Teams that create the most successful venture by the end of the class will have the opportunity to pitch their ideas to the BIOINNO mentors and local investors.
This 3-d, fun, action-oriented course aims to inspire and develop bio-entrepreneurial skills through the use of task and activities which have been customized for the BIOINNO project.
After taking this course, participants will:
• Understand entrepreneurship and bioinnovation
• Learn how to inspire and motivate curiosity in venture creation and technology commercialization
• Explore the role of creativity in IP commercialization
• Determine how to unlock creativity and enterprise?
• Understand when an idea might be an opportunity
• Investigate the key stages of converting research into customer ready products and services
• Learn how to gather evidence about their opportunity
• Comprehend how to communicate the value of their research
WHO IS THE COURSE FOR
This course is targeted at two groups of individuals:
1. Ambitious and energetic individuals who are passionate about commercializing biotech innovations. Candidates can be at various stages of their entrepreneurial journey from having an idea or in the process of commercializing or to think about the impact of their research and their own career directions.
2. The course is also appropriate for those from commercial backgrounds who wish to expand their knowledge and experience with early stage technology commercialization in the biotech sector.
BIOINNO entrepreneurship program provides a perspective in education that is much broader than any other stand-alone business school program. Our core entrepreneurship courses complemented by case-based learning provide solid grounding on all major disciplines. Case-based learning is the heart of the BIOINNO pedagogy. It is designed to bring out critical issues around the problems where you come away with problem solving capability.
The crash course will be intensely interactive. There will be a panel discussion with local, European and American entrepreneurs. Students will also have further resources made available to them.
The course is specifically designed to combine traditional classroom style experiences with small group activities focusing on experiential learning. These group activities allow participants to put the tacit knowledge into practice while receiving reassurance, guidance and feedback from the facilitators.
The facilitators play a very important role throughout the journey of the students, helping them to build self-confidence and offering them an understanding of the basic skills and knowledge of bio-entrepreneurship. They assist in creating a process that uses all the skills and knowledge of the team to nurture participants' self-belief, unlock the “can do" attitude and support idea creation for new entrepreneurial ventures. Facilitation mainly focuses on creating a safe environment where participants have the chance to stretch their imagination and participate in the group to learn from each other's experience.
The bio-entrepreneurship course gives students and researchers the foundation to understand how to think about entrepreneurial action? How to identify opportunities? How to recognize innovation? And what kinds of an impact are going to have?
Tackling world scale challenges is at the forefront of our agenda, for this reason our students will learn to develop a critical thinking skills through our program that is unique; students are engaged with issues such as sustainable bio-based economy, and water, energy and food security and how these transform business and industry around the world.
The course gives all our students a competitive advantage through a unique experience. By the end of the workshop students will have learned about entrepreneurial knowledge and skills, motivations, challenges and meet a like-minded people to enable them to have confidence to take their Intellectual Property to market.
Participants will learn how to explain the technology opportunity on commercial terms, how to develop a coherent proposal and be ready for their pitch taking into consideration the IP rights, product development stages, prior art search and IP due diligence.
The course supports the formation and growth of effective networks by creating multidisciplinary teams, working on specific ideas in joint collaboration and through training those teams for 3 days to minimize risk and maximize product development.
Students will also learn how to finance their innovative ideas; they will learn how to build a team; they will learn how to recognize opportunities; they will learn how to scale and create market; they will learn how to find every individual who helps them to complement their opportunities.