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Bio-Innovation & Entrepreneurship
Programme Code: TGS-2022016044
Mode of Delivery
On-Campus
Duration
13 weeks
Date / Time
- 18/01/2023 3:00 pm - 6:00 pm, 12/04/2023 3:00 pm - 6:00 pm
Course period: 18 Jan – 12 April 2023. Classes will be held every Wednesday, 3 - 6 pm. Register by 9 Jan.
Programme Highlights
This 13-week non-academic module provides a comprehensive overview of the important elements required to build and develop a bio-business. Participants will be guided on the process of generating a scientific idea and developing it into a business model and a real business.
The module aims to:
- Teach students how to transform a scientific idea into a business model and real product
- Understand the challenges of building a technology company
- Identify the issues in dealing with intellectual property, fund-raising, regulatory approvals, manufacturing, and commercialization
- Develop entrepreneurs and industry leaders in bio-businesses with tacit knowledge and important core values
- Help shape future entrepreneurs and managers in the biomedical field
- Support the advancement of medicine and usher the transformation that genomics, proteomics, molecular biology, and personalized medicine can bring to human health
A diverse team of lecturers will bring in expert practitioners’ experience and knowledge on different aspects of a bio-business. The module will be conducted in the form of a series of lectures and highly interactive tutorials, workshops, and panel discussions with experts.
Benefits of Attending
This course educates the attendees in how to transform a scientific idea into a business model and real business, this way helping to shape future entrepreneurs and managers in the biomedical field.
Who Should Attend
Medical/life sciences students and professionals
Trainer Profile
Course Agenda
- Introduction: Commercialization of technology in Biomedical Sciences; Biomedical Sciences startups – how different than others – ingredients & needs: IP, financing, regulatory, specialized infrastructure, talent, quality systems, Medical engineering vs. drug development; international competences
- The entrepreneur: Leadership qualities/skills
- Innovation & IP management: Licensing & negotiations; publicly vs privately funded research
- Assessing technologies & market opportunities: Innovation & value proposition; marketing research & strategy; risk assessment & management
- Product development & regulatory affairs: examples in biotechnology, medical technology & devices; FDA, CE, HSA, SFDA; clinical trials
- Quality management systems: ISO, GLP, GMP etc.
- Creation of a new bio-venture – The business plan: setting up & growing a Biomedical Sciences company, team building, strategic alliances, business models & market strategies
- Creation of a new bio-venture – Capital requirements & fund raising: Operations, financing & exit strategies, M&A, IPO
- Examples of success stories presented by invited entrepreneurs: A drug development company, a medical device company, a feed additive company, and a service platform
- Workshops: Preparation of business & financial plans; 2. Presentation of draft business & financial plans; 3. Preparation of business pitch with coaches; 4. Final Pitching
- Panel discussion: “Biomedical Sciences Industry in Singapore”
Click here to view the tentative timetable.
Pre-Requisites and Assessment
Prerequisites:
Open to students and professionals from Life Sciences, Dental, Medicine, School of Public Health, Nursing (ie. Life Sciences, Bachelor of Dental Surgery (BDS), Bachelor of Medicine and Bachelor of Surgery(MBBS), Bachelor of Science (Pharmacy), Bachelor of Nursing, Biomedical Engineering, and related areas and businesses.
Participants are required to work in teams and must be able to develop and present a business idea & plan in the biotech or life sciences field.
Assessment:
- Project: Develop a Business Plan (Teamwork); Venture Pitch (Teamwork)
- Written Exam: Final Exam (Individual)
Awards and Certification
Learners who have successfully completed and pass this course will be awarded with a Certificate of Attendance from NUS Yong Loo Lin School of Medicine.
Course Fee
International Participants
Singapore Citizens1 39 years old or younger
Singapore Citizens1 40 years old or older eligible for MCES2
Singapore PR
Enhanced Training Support For SMEs3
Full Programme Fee
$5,400
$5,400
$5,400
$5,400
$5,400
Less: SSG Grant Amount4
–
$3,780
$3,780
$3,780
$3,780
Nett Course Fee
$5,400
$1,620
$1,620
$1,620
$1,620
GST on Nett Course Fee
$432
$129.60
$129.60
$129.60
$129.60
Total Nett Course Fee Payable including GST
$5,832
$1749.60
$1749.60
$1749.60
$1749.60
Less Additional Funding if Eligible Under Various Schemes
–
–
$1,080
–
$1,080
Total Nett Cost Fee Payable, Including GST, after additonal funding from the various funding schemes
$5,832
$1,749.60
$669.60
$1,749.60
$669.60
1) All self-sponsored Singaporean aged 25 and above can use their SkillsFuture Credit to pay for the course fee.
2) Mid-Career Enhanced Subsidy (MCES): Singaporeans aged 40 and above may enjoy subsidies up to 90% of the course fee.
3) Enhanced Training Support for SMEs (ETSS): SME-sponsored employees (Singapore Citizens and PRs) may enjoy subsidies up to 90% of the course fee.
Learners must fulfill at least 75% attendance and pass all assessment components, to be eligible for SSG funding.
Application Deadline
Register by 9 Jan.
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