The primary aim of this module is to integrate information from the core modules by addressing the issues concerned
with conversion of an idea in bio-science to a commercial reality. The module draws from information in the core business and bioscience modules and concludes with the student formulating, writing and presenting a Business Plan.
Knowledge and technology transfer: the biotechnology business; academia as a business generator; knowledge transfer mechanisms; commercialisation of biosciences; risk; success factors.
Creativity and innovation.
Intellectual property, protection; forms of intellectual property rights.
Researching ideas: establishing novelty; competitive intelligence.
Communicating ideas: presentation of the individual and their work; oral and written communication; communicating with non-scientists.
Starting up a business: options – licensing, strategic alliance, spin-outs, start-ups.
Phases of business growth.
Cost implications of starting a bio-business.
Role of the Business Plan.
Regulation in the bio-sciences.
Formal lectures will be interwoven with case studies.