New company formation and corporate partnering are two primary (although not exclusive) tools for bringing new innovations to market. In this skills-based course, students will learn the fundamentals of organizing a commercial development vehicle around a technology-based business model. Multi-disciplinary focal points will include:
Management – early-stage company organization; private financing fundamentals (i.e., angel and venture capital); business planning; organization building; and negotiation skills/approaches.
Law – primers on corporate law and securities offerings (public and private) will be focused upon. Additionally, the impacts of industry-specific regulatory (e.g., FDA, EPA) frameworks will be taught.
Science/Engineering (e.g., genomics, chemistry, biomedical engineering) – The fundamentals of organizing product development in the company context will be a primary focus, with students developing decision skills - that are at times field-specific - for in-sourcing/outsourcing, corporate partnering and portfolio scalability decision. A secondary, but important tenet will be to impart students with an understanding of the ultimate customer/payor/practitioner framework that strongly impacts modern development in the global biomedical and energy industries.
Tangible outcomes/deliverables of this course will include the development of a formal business plan or partnering strategy that aligns to a tactical product development approach and is based upon a perceived ability to capture quantitative value. When appropriate for a given technology opportunity, students will be exposed to implementation plans for commercializing a technology, leading to the creation of a securities offering for early stage finance.
Intellectual Property Management and Opportunity Assessment
Design in Management: Concepts & Methods of Practice
Faculty- or Alumnus-Based Project Focused Upon Social Entrepreneurship or Technology-Based Economic Development
Academics: An Inter-Disciplinary Environment Tailored to Candidates in the CWRU MBA, JD, and Doctoral Science/Engineering Programs