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Dec 22, 2024
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EB 3880 - Entrepreneurship in BioMolecular Engineering3 lecture hours 0 lab hours 3 credits
Course Description
The multidisciplinary biotechnology industry is distinct from other industries due to the sheer diversity of its applications. This creates both entrepreneurial challenges and unique opportunities. The goal of this course is to start with an understanding of entrepreneurship and cover basic entrepreneurial topics to demystify and inspire entrepreneurship. This is followed by focusing on BioMolecular Engineering entrepreneurship topics. Student teams will be made at the beginning of the course and they will develop start-up concepts and refine those ideas gradually through the course, eventually pitching their idea at the end of the course. (prereq: junior standing in BioMolecular Engineering)
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Understand the basic steps involved in entrepreneurship
- Understand entrepreneurship in BioE markets
- Understand the marketing of BioE products
- Understand angel and venture financing and investor motivations
- Be aware of regulatory approvals and compliances for biotech products
Prerequisites by Topic
Course Topics
- Introduction to entrepreneurship
- Building great teams and networks
- Defining your customer
- How does the customer acquire your product?
- How do you design and build your product?
- How do you scale your business?
- Introduction to BioE industry
- Markets and challenges in the BioE industry
- BioE business models
- Company formation, ownership structure
- Licensing technology, IP protection strategies
- Marketing and financing strategies
- Securing angel and venture capital
- Regulatory approval and compliance for biotech products
- Ethical considerations for BioE entrepreneurs
Coordinator
Dr. Faisal Shaikh
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