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THE BUSINESS OF BIOSCIENCE:
What Goes Into Making a Biotechnology Product?
An excellent course based on the instructor's 27 years of real-life experience in the biotechnology industry as an entrepreneur and co-founder of THREE biotechnology companies, one of which was taken public through an IPO. He also authored the book "The Business of Bioscience: What Goes Into Making a Biotechnology Product", available at Amazon.com
Craig D. Shimasaki, PhD, MBA (FULL BIO)
CEO, BioSource Consulting Group
CEO, Moleculera Labs, Inc.
This certificate program course is offered at the cost of $297 for all 5 online classes.
For students and post-docs, the cost is $75 (with verification) + 15 hours of NCET2 volunteer internship, please email
for more information.
Registered students who achieve 60% or greater on the final online multiple-choice test at the end of the program will be granted a Certificate of Successful Completion for this course.
Tuesday, May 15, 2012, 8:00pm-9:30pm ET
Tuesday, May 22, 2012, 8:00pm-9:30pm ET
Tuesday, May 29, 2012, 8:00pm-9:30pm ET
Tuesday, June 5, 2012, 8:00pm-9:30pm ET
Tuesday, June 12, 2012, 8:00pm-9:30pm ET
Have you ever contemplated starting a biotechnology company but didn’t even know where to begin? Does your research project seem to have commercial potential but you’re not sure how to raise capital for commercial development? In this course you will receive practical insight, guidance and direction in starting and growing a life science company. You may have already started your own company, but now you don’t know what to do next to move your product forward. This course will provide you with comprehensive and practical steps to converting your research project into a commercial product. This course is based upon practical lessons from the presenter’s 28 years of real life experiences as founder or co-founder of five start-up companies, one of which was taken public through an IPO.
All scientists and engineers work on research that has the potential to become a product of significant medical value. The greatest challenge is not always conceiving the idea or conducting the research, but knowing how to navigate the myriad of stages required to successfully build your company and give your idea a real chance of success. There is a vast difference between working on a project, and developing a company. Companies develop and commercialize products—but projects don’t become commercial products without a successful company. This course provides the teaching that joins the business and science necessary to bring your idea to commercialization.
Topics covered in this course are based upon the presenter’s book “The Business of Bioscience: What Goes Into Making a Biotechnology Product”, available at Amazon.com. To receive the most out of this course, participants are strongly encouraged to read or review this book prior to, or throughout, the course presentation. Participants are strongly encouraged to submit questions relevant to their particular situation such that the presenter can help them with real-life examples.
The Aims of the Course:
1. Learn how to uncover and identify a technology platform contained within your research that can lead to multiple products; understand how to identify alternative market applications for your product other than the one that seems obvious.
2. Understand the critical steps bioentrepreneurs take to build a life science business, and learn why each step is important for success.
3. Find out how to stay involved in the company development without assuming complete responsibility for the organization, and to still have an option to remain in academics if you are unsure of which way to go.
4. Understand the hurdles you must overcome when securing the rights to your idea or technology.
5. Learn the time and costs of product development for diagnostics, medical devices, biologics and therapeutics; be forewarned of what issues you may face, and receive practical guidance on how to deal with them.
6. Learn how to go about raising capital for your company, understand how long it takes and how to assign a valuation to your company in order to retain the maximum equity preservation for the founders.
7. Learn about alternative ways to remain a virtual company and make progress without burning through massive amounts of cash; understand about “strings” tied to different funding sources.
8. Find out what team members you need at different company stages and how to compensate them. Learn about recruiting Scientific Advisory Members and Board members who can add value to your company.
9. Understand how and when to find the right development partner, and how to improve your chances of attracting the right ones.
10. Find out about common pitfalls of failed biotechnology start-up companies, and learn how to prepare yourself before encountering these issues.
11. Understand the successful and detrimental characteristics of entrepreneurs; learn how to add the successful characteristics and avoid the detrimental ones.
Chapters 1, 2, 3, 4
- What are the characteristics of successful Biotech Entrepreneurs? How do I know if I have what it takes?
- Is your technology a solution seeking a problem, or a problem for which you have a solution? How to align the two.
- Pitfalls to avoid when securing the rights to your technology
- What if I don’t want to run this company and leave my day job, do I have any other options?
- Where do I start? What is the best business model for my organization
Chapters 5, 6, 7
- Now that I have technology rights, what do I do next?
- Going virtual – how to make progress on very little money
- The Product Development Pathway: Charting the right course
- Why does the market for this product make any difference at this stage of development?
Chapters 8, 9
- Raising real money for your company: where do you go to get it, and how long does it take?
- How do I value my company at this stage?
- Options for growing your company
- The importance of your Business Plan and PowerPoint Presentation
- Tips on giving great presentations and talks
Chapters 10, 11, 12, 13
- How do my core values affect my growing company?
- How do I go about finding and compensating a biotech dream team?
- Do I need big names on my Advisory Board? How do I compensate them?
- What partnerships do I need in order to be successful developing my product?
- Regulatory approval pathway: How can this be simplified?
Chapters 14, 15, 16, 17
(Quiz after Course Ends)
- Company Life Stages: What is your role throughout these transitions?
- Overview of the entire start-up process
- What does serendipity have to do with building a biotech company?
- Do you get to a point where you call it “quits”? What should you do then?
- What are the kinds of rewards I can expect from starting a biotech company?
"The Business of Bioscience: What Goes Into Making a Biotechnology Product", available at Amazon.com and Springer; Springer, NY; October 2009; Craig D. Shimasaki
The speaker’s PowerPoint slides will aid the primary text
MORE IMPORTANT INFORMATION FOR ATTENDEES:
DURATION: Each session is 90-minutes with 60 minutes of presentation and 30 minutes of Q&A.
HOW TO REGISTER FOR THIS COURSE: Log in to http://center.ncet2.org with your NCET2 username and password. If you do not have an NCET2 username and password go to this link: http://center.ncet2.org/index.php?option=com_comprofiler&task=registers. Once you have logged in proceed to the course page to register for this course.
HOW TO PARTICIPATE?: This webinar is online. You need a computer with web access for the visual/audio. You may also dial-in using the audio-only telephone number. The call in details and instructions on how to join the webinar will be sent to you via email before the course. Once registered to the webinar you will receive a reminder email 24 hours before the start of the webinar with instructions on how to join.
QUESTIONS TO SPEAKERS: Q&A is conducted by a chat box to the speakers.
SLIDES AND VIDEO: The slide presentations and video recording will be available on the course page. You have to be a registered attendee to access the presentations and video. If you are unable to join the live webinar, you may view the recorded video that will be posted within 24 hours after the scheduled webinar ends.
If you have questions about the course, please email us at