The course deals with the development and management of biotechnology life science businesses, with a focus on commercialising discoveries and inventions. The course consists of seminar lectures and seminars based on practice and theory of the different stages of business development, as well as a group-project presented in writing and orally. The broad picture is given by researchers in sociology or business administration with an insight in academic discoveries, startup companies, venture capital, business expansion and exits.
The overall aim of this course is to develop an understanding of the commercialisation and management of projects and companies in the life sciences. The objectives can be summarised as follows: to understand the life science business context, provide simple but effective business tools and to broaden the perspective of career alternatives (industrial, private etc). The learning outcomes for the course can be subdivided into two broad areas; i) Biotech business including finance, strategy, law and regulations and ii) Entrepreneurship and innovation.
After the course the student should be able to:
- demonstrate a general understanding of the field of the life science industry and how it has evolved
- understand and demonstrate knowledge of the commercialisation and management of life science companies
- argue for advantages and disadvantages of public and private financing of early stage life science companies
- apply basic strategies, tools and key skill-sets for life science based companies
- demonstrate theoretical and practical knowledge within the overall legal and regulatory framework for life science based businesses (public procurement, patenting law, regulatory authorities)
- understand and demonstrate how research discoveries and inventions are commercialised
- apply understanding and knowledge of the basics of innovation and entrepreneurship in a broader context and relate to own field of study
- understand the innovation system and its actors
There is compulsory attendance in the seminars, casework and presentations. Failure to attend obligatory parts of the course may be compensated for by completion of assignments, decided on in agreement with the course leadership and judged on a case-to-case basis.
The final grade will be based on:
- Case assignment
- Oral presentations