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2011/2012  KAN-CM_J46  BioBusiness and Innovation Program

English Title
BioBusiness and Innovation Program

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Elective
Level Full Degree Master
Duration One Semester
Course Period Autumn
Please see e-campus.
Time Table Please see course schedule at e-Campus
Max. participants 30
Study Board
Study Board for MSc in Economics and Business Administration
Course Coordinator
  • Finn Valentin - Department of Innovation and Organizational Economics
Administration: Shi Hua Kold, shc.ino@cbs.dk Administration: Denice Florvall Müller, defm@bio.dtu.dk
Main Category of the Course
  • Innovation and entrepreneurship

Taught under Open University-Taught under open university.
Last updated on 29 maj 2012
Learning Objectives
Students have to clearly show that they are capable of understanding theories, concepts and methods in science-based entrepreneurship and innovation management and link this knowledge to (1) issues in developing and commercializing innovations in the biotech industry and (2) building a business plan.
For CBS students, the course builds on skills from first year studies in the Cand Merc programs FIR, FSM, AEF, IMM, IBS, MIB. The course can be selected without former knowledge in BioBusiness and Innovation and is primarily aimed at students who have completed their first year of master studies, and seek skills in science-based entrepreneurship and innovation management in the biotech industry.
Oral exam
BioBusiness and Innovation Program:
Assessment Oral with Written Assignment
Marking Scale 7-step scale
Censorship Internal examiners
Exam Period December/January
Aids Please, see the detailed regulations below
Duration 20 Minutes

The type of exam is an oral (closed-book) exam on the basis of a group mini project (business plan for commercializing an innovation that has recently grown out of research from DTU, KU or industry). The mini project (business plan) is written in parallel with the course and must be submitted approx. one week after the last class session. The performance assessment of the exam will be based on the following criteria:

- The student shows profound understanding and appropriate application of theories, concepts and methods and is able to
- Link findings from an actual application to state-of-the-art insights on science-based entrepreneurship and innovation management
Course Content

BBIP is the first cooperation at master degree level between Copenhagen Business School (CBS), the Technical University of Denmark (DTU) and the Faculty of Life Sciences of the Copenhagen University (KU), making it the first attempt to bridge the skills of business and biotech students.


As the biotech industry strongly builds on industry-academic collaboration the course strives at preparing students for the advanced entrepreneurial environment of this industry by offering integrated insights into the innovation process, including both its technical aspects and its business perspectives. Students are trained to build the synergy required for successful science-based entrepreneurship, while they build networks spanning the three universities and industry.


In the BBIP course students from DTU, KU and CBS are offered a platform for joint entrepreneurial work on innovations generated either by DTU, KU or partner companies from the Biotech industry such as Novozymes. Key features of the course include:

  • Students will be working in project teams consisting of DTU, KU and CBS students, jointly addressing technical and commercial aspects in launching and commercializing an innovation and building a business plan
  • The projects are timed and formatted to allow direct entry into the new bio-section of the Venture Cup competition
  • The same projects might become the backbone of master theses handed in at CBS, KU and DTU given that one or several of the analytical challenges encountered while working on the business plan are developed in the form of an academic analysis (including a respective research question)
  • The projects are supported by lectures and supervision on bio-entrepreneurship with faculty coming from CBS, KU, DTU and industry, offering an integrated and effective framework for working on actual biotech innovations
Teaching Methods
The course starts with a kick-off weekend providing basics in
• Innovation and Entrepreneurship
• Differences in issues and challenges, current trends in the biotech market
• Crash courses (DTU/KU in business, CBS in biotech)

The kick-off weekend is followed by eight three-hours seminars covering key themes in bio-entrepreneurship:
• From Science to Biotech – defining the product
• Business Strategy – market intelligence and competitor analysis
• Business Development – organization and financing
• Managing Biotech – communication, partnerships, and exit opportunities

Each seminar has both theoretical and practical approaches. Professors from CBS provide theory and methodology, while speakers from industry offer practical insights, real-life examples and material for case work. Most of the teaching modules will take place at the companies.

Students work in groups consisting of 4-5 students in each, with at least one student from each university represented. The groups build their business plans on a scientific project from DTU, KU or industry, while using CBS framework to form it. The aim with the business plan is to complete projects with a mix of theory and practical application that holds to academic scrutiny while meeting the practical business needs.

Each group will be assigned coaching sessions in IPR strategyand financial planning. Furthermore there will be offered optional coaching sessions in cross functional group work.

The final project will be a business plan ready to assign to the Venture Cup competition.

Recommended literature:

  • Afuah, Allan. Business models : A strategic management approach. 2004. New York, McGraw-Hill Education
  • Hine, Damianand Kapeleris, John. Innovation And Entrepreneurship In Biotechnology, An International Perspective. 2006. Cheltenham, Edward Elgar.
  • Keegan, Karl D. Biotechnology Valuation: An Introductory Guide. 2008. Chichester, Wiley.
  • Audretsch, David. B. and Keilbach, Max., 2007, The Theory of Knowledge Spillover Entrepreneurship, Journal of Management Studies, 44, (7), 1242-1254
  • Katila, Riita., Rosenberger, Jeff. D. & Eisenhardt, Kathleen. M. (2008) Swimming with Sharks: Technology Ventures, Defense Mechanisms and Corporate Relationships, Administrative Science Quarterly, 53(2) pp. 295-332.
  • Friedman, Yall. Building Biotechnology. 2004. Amherst,N.Y., thinkBiotech.
  • Burns, Lawton Robert. The Business of Healthcare Innovation. 2010. Cambridge, Cambridge University Press.