Professor Eli Keshavarz-Moore
One essay (40%)
One report and oral presentation (60%)
The course is designed to train the students in entrepreneurial leadership in biologically-based industries. It consists of two elements. The first element focuses on the practical application of a business plan for new ventures. It centres on bioprocessing of new products and their potential realisation into real outcome via a viable business. The second element is designed to introduce the students to the key aspects of implementing the objectives of a business plan once appropriate funding has been obtained.
Following completion of the course, students will have an understanding of:
- understand the main business “show stoppers” in growing a start-up company.
- appreciate a range of business models for successful running of a company in bioprocess field
- learn how to troubleshoot at theoretical level.
In the first element, industrial expert speakers will provide a range of lectures on how to run a business and how to make it successful. The topics will include implementation of research into development and then manufacturing, alliance strategy, long term financial planning and project management and implementation. These will be illustrated by means of studying case histories of companies in the life sciences sector.
In the second element, the students will work in groups to implement/troubleshoot the outcome of an existing business plan in life sciences. Workshop sessions act as surgeries to the ‘new companies’. Each session will focus on a different aspect of company set-up including feasibility study, financial appraisal and market research and marketing strategy, operational and manufacturing needs.