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Technische Universität München (Technical University of Munich)

How to Start a Biotech Venture

Technische Universität München (Technical University of Munich) via edX

Overview

Biotech companies are revolutionizing the world we live in. However, when starting a biotech venture, innovators face business challenges that go beyond regular business formation–protecting their intellectual property, securing enough financial resources, and attracting key employees and advisors.

By the end of the course, you will have the knowledge and confidence to tackle a plethora of strategic and operational challenges you are going to face as a biotech entrepreneur. To do so the course offers insights into how to build a high-performing team, how to manage the business's finances, how to ensure the venture is aligned with the market you are operating in, how to protect your intellectual property, and how to navigate legal and regulatory challenges. Thus, this course can help you to get your biotech innovation off the ground and helps you to broaden your perspective in terms of what are key business aspects to be mindful of as an early-stage biotech entrepreneur.

The course is brought to you by the Technical University of Munich - one of Europe’s most outstanding universities in research and innovation. It offers academic expertise on biotech entrepreneurship which is expanded by the hands-on expertise of those working in the field such as industry experts, patent attorneys, and entrepreneurs who will share their advice and experiences.

Syllabus

Module 1: Building Your Team

Introduction on what to look out for when building a team, how to grow the team successfully, and how advisors and experts ideally complement your team.

Module 2: Understanding Finance and Accounting

Overview of the basics of finance including cash management, and potential sources of financing, as well as an introduction to the key financial statements you should know.

Module 3: Defining Your Market Strategy

Outline how to ensure your technology targets a relevant market problem, how different marketing challenges should be foreseen early on, and how communication can benefit an early-stage biotech venture.

Module 4: Protecting Your Intellectual Property

Overview of the basics of IP protection, what to be mindful of in the technology transfer process, and how to approach patenting strategically.

Module 5: Navigating the Legal Landscape

Introduction to several key legal aspects when founding a biotech venture—from incorporation and regulatory requirements to compliance considerations.

Taught by

Svenja Jarchow and Stefanie Weniger

Reviews

5.0 rating, based on 8 Class Central reviews

Start your review of How to Start a Biotech Venture

  • Profile image for Nidhi Shah
    Nidhi Shah
    Dives into the basics of what is needed to start a Biotech Venture in general. Includes case studies, graded assignments, peer reviews and real life case examples of companies.
  • Anonymous
    The course content was detailed and very comprehensive. It covered a lot of relevant topics and enabled me to gain a much deeper understanding of the course content.
  • Anonymous
    Helpful introduction when you are thinking about founding a biotech startup!
    Already for grant writing process, it may prevent you from many common mistakes.
  • Anonymous
    The online course on launching a biotech venture delivers a thorough and practical exploration of key aspects in the startup process. It adeptly integrates scientific and business perspectives, offering real-world insights and case studies. The course's focus on navigating industry challenges, including regulatory nuances and funding strategies, adds significant value. With engaging content and expert instructors, it provides a well-rounded foundation for aspiring entrepreneurs in the biotech sector.
  • Anonymous
    This is a comprehensive guide that covers all the fundamental concepts that are crucial for achieving success in your next entrepreneurial venture. It starts with guiding you on how to build the right team and goes on to explain the necessary steps required to navigate through the regulatory field. The guide provides valuable advice on each of these steps, helping you create a prosperous biotech company.
  • Anonymous
    Excellent course with theory and practical examples. The modules are well designed and in the right progression. It mixes alos interviews with entrepreneurs who share their experience in a very accessible way.
  • Anonymous
    Very well done course. Professional, called experts on the matter and explained in a coherent way. You could understand how one point lead to another, and overall great.
  • Anonymous
    Very good course with theory and practical examples.
    The modules are well designed and easy to follow.

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