The Biomedical Entrepreneurship Program

The Biomedical Entrepreneurship Program helps accelerate the commercialization of biomedical discoveries and inventions made at NYU. Developed by NYU Technology Ventures and Partnerships (TVP) in collaboration with the NYU Entrepreneurial Institute, the program brings in world-class educators and entrepreneurs to train faculty, postdocs, graduate students and clinicians to become successful entrepreneurs. Program participants get a chance to study the multiple facets of venture creation and to practice the entrepreneurial process using real projects ripe for commercialization.

The year-long program is open to all members of the NYU community working on biomedical technologies, across all NYU campuses (NYU-Stern MBA students may also register and will be accepted based on space availability). It begins in fall with the course “Introduction to Biomedical Entrepreneurship,” and offers project-based learning opportunities in the spring. The program runs additional workshops throughout the year, including “Biomedical Entrepreneurship 101” and “Opportunity Discovery and Innovation.

In spring 2019, the program will launch a new initiative – the “Biomed Venture Challenge,” a competitive acceleration program. Selected technologies and their inventors/project leads will enter a two-month bootcamp of commercial assessment and business model design, at the end of which projects will compete for a $30,000 commercialization prize.

Faculty members with a relevant project may nominate either themselves or a senior trainee from their group as a project lead by completing the online application form no later than February 19, 2019.

The Biomed Venture Challenge is sponsored by Kairos Ventures and by Wilson Sonsini Goodrich & Rosati (WSGR).

Tentative Program Schedule:
 

The Biomed Venture Challenge

Week

Day/Date/Time

Topics

1

Monday, March 11, 6-8:30pm

Identifying target applications for a new technology –
Secondary market research and the market segmentation matrix

2

Monday, March 18, 6-8:30pm

Customer discovery and the Business Model Canvas

3

Monday, March 25, 6-8:30pm

IP Strategy

4

Monday, April  1, 6-8:30pm

Regulatory Strategy

5

Monday, April 8, 6-8:30pm

Product Development

6

Monday, April 15, 6-8:30pm

Pitching to Investors

No class April 22

7

Monday, April 29, 6-8:30pm

Presentation Skills Workshop – Part 1

8

Monday, May 6, 6-8:30pm

Presentation Skills Workshop – Part 2

9

Thursday, May 9

Final Pitch Event

In fall 2019, the program will begin a new cycle with the course “Introduction to Biomedical Entrepreneurship.”

The course will provide an overview of venture creation and development in the biomedical space, as well as the unique challenges and rewards that it brings. Presenters will consist of faculty members, industry professionals, and experienced entrepreneurs and investors.

For more information, please contact Michal Gilon-Yanai, MBA, Associate Director, Biomedical Entrepreneurship Program, NYU Technology Ventures and Partnerships.