The Biomedical Entrepreneurship Program

The Biomedical Entrepreneurship Program, developed by NYU Technology Ventures and Partnerships (TVP) in collaboration with the NYU Entrepreneurial Institute, helps accelerate the commercialization of biomedical discoveries and inventions made at NYU. The program brings in world-class educators and entrepreneurs to train faculty, postdocs, senior graduate students (4th year and up), and clinicians to become successful entrepreneurs. 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 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).

In fall 2018, the program will offer the course “Introduction to Biomedical Entrepreneurship,”* which will be directed by Michal Gilon-Yanai.

Through lectures and expert-led case study discussions, 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.

Course dates: September 26 – December 19, 4:30 to 6:30pm
Location: NYU Langone Health, 550 First Avenue, Skirball Institute, 4th floor Seminar Room

Link to registration: Introduction to Biomedical Entrepreneurship

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

*Completing this course provides priority admission to the Venture Creation course in spring 2019

Tentative Course Plan (full syllabus is still under development and will be sent to participants):

Introduction to Biomedical Entrepreneurship

Week

Day/Date/Time

Topics

1

Wednesday, September 26,
4:30-6:30 pm

General introduction class – entrepreneurs panel

2

Wednesday, October 3,
4:30-6:30 pm

The healthcare/life sciences industry - an overview

3

Wednesday, October 10,
4:30-6:30 pm

  • The new startup – an organization in search of a valid, repeatable, scalable business model;
  • Evaluating a market opportunity

4

Wednesday, October 17,
4:30-6:30 pm

The product – What should you develop to solve the customer problem/address the unmet need?
Is it feasible & patentable?

5

Wednesday, October 24,
4:30-6:30 pm

  • The team (and other resources needed to build a product and develop a valid, sustainable business model) – How will you get this done?
  • Patenting and licensing IP – a key resource

6

Wednesday, October 31,
4:30-6:30 pm

Entrepreneurial strategy

7

Wednesday, November 7,
4:30-6:30 pm

The process for bringing a therapeutic to market (technical, clinical and business aspects)

8

Wednesday, November 14,
4:30-6:30 pm

The process for bringing a medical device to market (technical, clinical and business aspects)

 

Wednesday, November 21

No class Thanksgiving week

9

Wednesday, November 28,
4:30-6:30 pm

The process for bringing a digital health product to market (technical, clinical and business aspects)

10

Wednesday, December 5,
4:30-6:30 pm

  • Sources of funding
  • Legal issues related to venture creation

11

Wednesday, December 12,
4:30-6:30 pm

Preparing to raise money – the main components of a business pitch and investor expectations

12

Wednesday, December 19,
4:30-6:30 pm

  • Being an entrepreneur;
  • Other opportunities in health tech commercialization

In January 2019, the program will offer a two-part workshop focused on opportunity discovery and innovation in the biomedical industry. This will be an introduction to the innovation methodologies “Design Thinking” and “Systematic Inventive Thinking.”

In spring 2019, the program will offer the course “Venture Creation in the Biomedical Industry.”

Tentative Course Plan:

Venture Creation in the Biomedical Industry

Week

Day/Date/Time

Topics

1

Monday, February 12, 4-7pm

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

2

Monday, February 19, 4-7pm

Selecting a beachhead market; review of customer discovery and the Business Model Canvas (BMC)

3

Monday, February 26, 4-7pm

Customer discovery and conducting interviews.

4

Monday, March 5, 4-7pm

Product-Market Fit and IP strategy - establishing long term barriers and the freedom to operate

5

Monday, March 12, 4-7pm

Regulatory basics

6

Monday, March 19, 4-7pm

Regulatory strategy

7

Monday, March 26, 4-7pm

Partnerships

 

Monday, April 2

No class

8

Monday, April 9, 4-7pm

The basics of financial statements

9

Monday, April 16, 4-7pm

Pitching to investors

10

Monday, April 23, 4-7pm

Communication/presentation skills

11

Monday, April 30, 4-7pm

Communication/presentation skills

12

Monday, May 7, 4-7pm

Final presentations

In addition to the general sessions listed above, there will be a focus area workshop for each of the main industry verticals: pharma, medical devices, and digital health.