UAB’s Life Sciences Entrepeneurship Program

David Anthony, danthony@uab.edu

UAB’s MBA for ScientistsLisa Schwiebert, lschwieb@uab.edu

Doug Ayers, dayers@uab.edu

MBA for Scientists-Accelerated 1-Year Program

www.business.uab.edu

What is it? The MBA for Scientists is a full-time, traditional MBA program with a twist. The curriculum is structured in a way that allows students to complete the program in one year and includes specialized courses in Technology Commercialization and entrepreneurship.

The ILSE will achieve its mission via:

Four ILSE Programs

Overview

Target Audience

Each semester , the ILSE will offer “Entrepreneurship and Venture Capital”

MBA 690 to graduate students in the business, engineering, medical, and health administration schools.

Academic Course Development

MBA 690Academic Course Development

From Idea to IPO: The Technology VentureThe Technology MarketIntellectual PropertyTech Transfer ProcessGovernment Approval ProcessMarket and scientific due diligenceBusiness planningVenture capital financeTerm sheetsIPOs and M&A

Entrepreneurship and Venture Capital MBA 690 AssignmentsIPD strategic planNewco business planTerm sheet negotiation

Entrepreneurship and Venture Capital MBA 690 ObjectivesUnderstand aspect of technology venturesReal-world experience in market and scientific due diligenceExposure to entrepreneurs and venture capitalists

MBA 690Academic Course Development

Beyond the Bench: Case Studies in Biotechnology Intellectual PropertyTech Transfer ProcessGovernment Approval ProcessMarket and scientific due diligenceBusiness planningVenture capital financeTerm sheetsIPOs and M&A

Entrepreneurship and Venture Capital MBA 690 AssignmentsIPD strategic planNewco business planTerm sheet negotiation

Entrepreneurship and Venture Capital MBA 690 ObjectivesUnderstand aspect of technology venturesReal-world experience in market and scientific due diligenceExposure to entrepreneurs and venture capitalists

UAB RF market & Scientific Due Diligence

Intern Program

Teams of three interns will be established to research the scientific and financial potential of each UAB RF intellectual property. Team members will have multi-discipline expertise. For example, Finance MBA, a molecular biology Ph.D. candidate, and and electrical engineering graduate student. The team will have 30 to 45 days to prepare a 15 to 20 page IP strategic plan.

Components of the plan include:

1. Science/Health Problems

2. Substitute Products

3. The Innovation

4. Timeline to Commercialization

5. Business Model

6. Market Demand

7. Competitors/Licensee

8. Summary and Recommendations

Organization Structure

Advisory Boards

The ILSE will establish a Scientific Advisory Board and a Venture Advisory Board. The SAB will include senior faculty and investigators from UAB, and the VAB will include Birmingham VCs and entrepreneurs.

Summary

Academic Course Development

Prepare course outlineBegin teaching in Fall ’03Coordinate with Medical and Engineering schoolsContinue MBA-673 Product innovation Management

Intern ProgramRecruit interns across campusBegin assignmentsFederal grant proposal

Advanced Education SeminarFundamentals of Pharmaceutical commercialization May 2UAB RF Biotechnology fair October 5

New Venture DevelopmentExecutive Director sits on UAB RF equity board meetingsAssist UAB RF equity holdingExplore creation of start-up venture fund