"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.
This program has been approved by the New Jersey Department of Labor for workforce training grants. Funding may be available for those receiving unemployment benefits. Contact us for more information.
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
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
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
Rutgers Entrepreneurship Community
- The Rutgers Idea Café
- Entrepreneurs in Residence
- Venture Capital Fund
- Business Plan Competition
- Access to Rutgers IP
