INOV805 Biotechnology Entrepreneurship
This unit is not presently being offered by Macquarie University.
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Description
The unit is to assist those within the biotechnology sector for whom a licensing deal or start-up company is a possible path forward in developing and exploiting a biotechnology-based product or service. It is also relevant to those who must justify a commercialisation activity within an existing biotechnology company or research organisation. The course provides the basis on which a decision can be made whether to invest time and resources into the development of a fundable business case, and then a full commitment to either a new venture or licensing/sale strategy.
This unit is linked intimately to the progressive elements involved in developing a detailed business plan for a biotechnology-based commercial outcome. It uses case studies, textbook, publications, visiting entrepreneurs and video material. The course encourages development of a team, a focus on the customer, and an effective approach to managing the technical, market and business risk/reward issues. A range of detailed case studies provide a real chance to assess the issues involved and attendees are encouraged to provide their own potential business concept.
Assumed knowledge
A first degree with a biology emphasis
Topics
- Understanding of the entrepreneurial process and the practicalities of venture creation.
- The specific features of biotechnology-based products and services, their development, approval, licensing and support.
- The establishment of a framework through which a potential venture, sale or licensing strategy can be developed and evaluated.
- Carrying out one's own biotechnology-based entrepreneurial activity.
- Networks and infrastructure supportive of any ventures which are formed.
Assessment
TBA
Textbook and Readings
TBA
Staff
Offered
Semester One Evenings