I am much more knowledgeable regarding the entrepreneurial process as a result of the course but even more impactful was the opportunity to work in a team and develop and refine a “pitch” to a panel of investors.
I was fortunate to be a participant in the Eureka Connect Behavioral Dynamics (ECBD) program as well as the Institute for Biomedical Entrepreneurship (IBE) training, which focusses on the development of entrepreneurial skills for biomedical scientists and others working in the field. Many people have innovative ideas but they often do not have the breadth of skills required to develop their idea from start-up through commercialization and successfully navigate through the complex world of investors and funding, intellectual property, regulatory bodies, licensing and legal agreements. With an engaging and experienced faculty, the IBE program takes participants through the whole process from idea to commercialization, demystifying the entrepreneurial process and developing a deeper understanding of the process and many of the challenges one can encounter along the way. My interest in this program was not as an innovator myself, but as someone who supports and develops innovation in my organization. I gained much more from this program than I initially anticipated due to the unique combination of presentations by multidisciplinary faculty, the hands-on experience of developing a project in a group setting and the in-depth behavioral assessment. I am much more knowledgeable regarding the entrepreneurial process as a result of the course but even more impactful was the opportunity to work in a team and develop and refine a “pitch” to a panel of investors. The insights as to what a real investor would look for in a funding opportunity has application far beyond a “pitch” situation and has positively impacted my day-to-day interactions. The insights I gained from the ECBD assessment and how my profile translates into behaviors at work also identified concrete areas of strength and development. Overall, the combined IBE and ECBD workshop is a unique offering which combines knowledge acquisition, skills development and personal development to enhance your effectiveness as a leader and in a team environment. I highly recommend this program for people interested in biomedical innovation and entrepreneurship.
The IBE brings the specialized know-how and the funding required for translational development success.
The IBE is a lean operating company that uses disciplined processes, leverages existing resources (incubators, CROs), and taps into expert networks to work on many product opportunities in parallel, rather than trying to build one startup at a time.
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