MGMT 6770 - Commercialization of Biomedical Innovation: Entrepreneurship and Business Fundamentals
This course enables participants to learn about entrepreneurship and business fundamentals for the process of commercializing biomedical innovation, primarily through the “lean launchpad” method (aka, I-Corps® method). Students engage in ideation sessions and then choose to join projects and work in small teams.
From there, the course provides training in relevant business and organizational fundamentals including start-up teams, legal issues, intellectual property strategy, financing, competitive analysis, market intelligence, and marketing or networking towards commercialization of biomedical innovation. Students will conduct key elements of the I-Corp Business Canvas/Lean Launchpad, particularly customer validation, for the project they have joined/led. Student will also get the opportunity to learn how technologies and startups are assessed using some fundamental due diligence methodologies.
The course leverages the impressive expertise in biomedical commercialization found within the Mount Sinai faculty, Mount Sinai Innovation Partners (MSIP), and external advisors to support the course via classroom lectures and extra office hour sessions to support project work. Additionally, we take advantage of Mount Sinai’s and NYC’s impressive biomedical ecosystem with visits from leading entrepreneurs.
Prerequisite or Corequisite: None.
When Offered: FALL TERM ANNUALLY
Graded: GRADED
Credit Hours: 3
Contact, Lecture or Lab Hours: 3
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