Mini-MBA™: BioPharma Entrepreneurship

Program Overview

"The future of NJ’s bioscience industry depends on innovation. This program is designed to give individuals and teams the tools and knowledge they need to create new bioscience businesses, as start-ups or within existing firms."

David Finegold, SR Vice President of Lifelong Learning, Rutgers University

While the pharmaceutical industry is comprised of large, highly complex organizations, an opportunity exists for entrepreneurial individuals and managers to start small, new entities focused on niche markets within the industry. The Rutgers Mini-MBA™: BioPharma Entrepreneurship is designed to help individuals and organizations navigate through the entire venture creation process, from idea generation to building viable BioPharma businesses. Participants will also enjoy access to the Rutgers Entrepreneurship community, including the Rutgers IP transfer process.

Format:
Eleven 3-hour modules. Must attend a minimum of 10 sessions to earn a certificate.

Who Should Attend

The Mini-MBA™: Biopharma Entrepreneurship is a certificate program designed for:

Aspiring entrepreneurs who are looking to start a new business in either the Biotech or Pharmaceutical industry
Corporate venture officers who are seeking to develop or strengthen a climate of intrapreneurship in their corporations, universities, and regions
Teams of entrepreneurs within one organization who are working together to start a new venture within their organization

Program Benefits

The program will enable participants to:

Create, identify and evaluate new venture opportunities
Interpret customer needs and quantify the value proposition
Communicate the value proposition to potential investors
Write compelling and thorough business plans
Develop a network of executive mentors
Leverage new science and technologies at Rutgers
and partner institutions
Meet potential investors for their businesses

Curriculum

The Rutgers Mini-MBA™: BioPharma Entrepreneurship combines Rutgers faculty lectures, visits by successful entrepreneurs, and team projects to provide participants with a unique hands-on experience while developing their business plans and networking with the entrepreneurship community at Rutgers.

Eleven sessions will cover:

Course Content

Overview of a BioPharma Start-up and Key Business Plan Issues Specific to BioPharma
Overview of Technologies and Business Models for Success in BioPharma
Marketplace of Ideas: Idea Generation and Evaluation
Strategic Marketing and Sales: Quantifying the Value Proposition
Creating and Delivering a Good Elevator Pitch
Intellectual Property
The FDA
Financial Modeling for BioPharma
New Venture Valuations
How to Negotiate with VCs