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Bioscience is a key economic driver of the 21st century, and
requires a well educated workforce capable of translating basic
discoveries into commercial products and services. The Fundamentals
of the Bioscience Industry program provides
life scientists with a comprehensive introduction to the bioscience
business environment. This includes evolving business models, product
development cycles, regulatory issues, finance, managerial challenges
and future trends in the life sciences.
The program provides current life sciences graduate students,
post-docs, and industry professionals with an understanding of what
drives the corporate decision making process, how to contribute
most effectively to the goals of the bioscience organization, and
how to utilize this understanding to advance their own careers.
Benefits
Graduates will:
- Understand the process by which a technology becomes a product
- Gain insight into the factors that influence corporate decision
making
- Be better prepared to navigate their own careers
- Gain the contacts that will help them be successful
- Appreciate how each facet of a company
contributes to corporate objectives
- Understand how they can best contribute to corporate goals
Taught by industry professionals, the program consists of 80 hours of highly interactive instruction that encompass the entire commercialization roadmap. Focus areas include Product Development, Regulatory Affairs, the Business of Bioscience and Corporate Culture. Class instruction will be augmented with guest lectures by industry experts. Case studies, group projects and presentation skills are all critical aspects of the program.
Format
The program is a semester long and consists of two 2½-hour class per week, offered in two locations on Long Island at Stony Brook University and in Manhattan at Stony Brook Manhattan.
Evaluation
Critical Path to Commercialization Project
Program attendees will be responsible for participating in a semester long group project culminating in a Critical Path to Commercialization (CPC) report and presentation at the end of the program. Students will work on real life projects to help advance the value of the invention. This CPC report, a final investor-style presentation and class participation will be the basis for evaluation. Students
who complete all sessions will be awarded a Certificate of Completion
by the Center for Biotechnology.
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