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2012/2013  KAN-BIO_ENPR  BBIP Entrepreneurship Project

English Title
BBIP Entrepreneurship Project

Course information
Language English
Exam ECTS 7.5 ECTS
Type Mandatory
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 25
Study board
Study Board for MSc. in Business Administration and Bioentrepreneurship
Course coordinator
  • Karin Beukel - Department of Innovation and Organizational Economics
Only 25 students, 12 of which will come from CBS can be enrolled in the programme. Students enrolling for the minor in bioentrepreneurship are selected first.

A special application process is required for participating in this course.
CBS students have to apply through the official CBS course enrollment as well as send their application to Project Manager Sarah Toft-Jørgensen at st.ino@cbs.dk.
DTU/KU student must apply by filling out an application form (http://www.cbs.dk/en/Degree-Programmes/CBS-Graduate/Valgfag/Tilmelding/Credit-students-enrolled-at-other-Danish-universities-or-enrolled-at-a-European-University) as well as send their application to Project Manager Sarah Toft-Jørgensen at st.ino@cbs.dk.
For CBS/KU/DTU students the applications must be submitted no later than May 15th at 10:00.

Your application should include 1) Short Motivational essay. 2) Grades (both bachelor and master level). 3) Curriculum vitae. 4) Recommendation (if available). Your application will be responded to no later than June 1st.
Main Category of the Course
  • Innovation and entrepreneurship
Last updated on 29-08-2012
Learning objectives
In this course students learn the central skills in science-based entrepreneurship in the biotech industry. The course provides students with the necessary knowledge on how to bridge science and business and translate biotech concepts into commercial terms. It also enables students to understand the differences in issues and challenges in science-based industries related to entrepreneurship and innovation. Finally students will develop the skills to successfully work in interdisciplinary teams and jointly produce business plans that are eligible for submitting to a business plan competition or presented to potential venture capitalists.
  • To obtain understanding of theories, concepts and methods in science-based, entrepreneurship and innovation management
  • To link this understanding to issues in developing and commercializing innovations in the biotech industry,
  • To train skills relevant for the analysis, development and presentation of business plans.
Prerequisite
Students must have completed the first year in one of the following cand.merc. programmes: FIR, FSM, ASC, AEF, IMM, IBS, MIB.
Examination
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BBIP - Entrepreneurship Project:
Type of test Oral with Written Assignment
Marking scale 7-step scale
Second examiner External examiner
Exam period Autumn Term and December/January
Aids Without preparation
Duration 20 Minutes
The exam is an oral exam on the basis of a group mini-project (business plan for commercializing an invention that has recently grown out of research from universities or biotech firms). Groups with 3-5 student must hand in max. 15 standard pages and one student must hand in max. 10 standard pages. The mini project (business plan) is written in parallel with the course and must be submitted one week after the last class session. The performance assessment of the exam will be based on the following criteria:
  • Demonstrated understanding of the biotech and business concepts presented in the course curriculum and in lectures as well as an appropriate application of theories, concepts and methods. The exam may address any relevant part of the curriculum (i.e. is not restricted to that part of it which is considered in the written project)
For students enrolled into the cand.merc.(bio.) programme, the BBIP - Entrepreneurship Project does not have a separate exam but students must hand in their mini-project (business plan). The mini-project is part of the master thesis.

If a student is ill during the regular oral exam, he/she will be able to re-use the project at the make-up exam. If a student is ill during the writing of the project and did not contribute to the project, the make-up exam can be written individually or in groups (provided that other students are taking the make-up/re-exam). If the student did not pass the regular exam, he/she must make a new revised project/business plan (confer advice from the examiner) and hand it in on a new deadline specified by the secretariat.
Course content

The course is part of the master degree offered by the BioBusiness and Innovation Program (BBIP). The course is a cooperation at master degree level between Copenhagen Business School (CBS), the Technical University of Denmark (DTU) and Copenhagen University (KU), making it the first attempt to bridge the skills of business and biotech students. As the biotech industry builds on industry-academic collaboration the course prepares students for the advanced entrepreneurial environment of this industry by offering integrated insights into the entrepreneurial process, including both its technical aspects and its business perspectives. Students are trained to build the start-ups required for successful science-based entrepreneurship, while they build networks spanning the three universities and industry.
 
In BBIP entrepreneurship project course students from CBS, DTU, and KU 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, Coloplast, Lundbeck, Novo Nordisk and LEO Pharma. 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 invention and writing a business plan.
  • The projects are timed and formatted to allow direct entry into the 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 in the project are developed in the form of an academic analysis.
  • Project work is supported by lectures, coaching 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 consists of nine two-hour seminars covering key themes in bio-entrepreneurship:

From Science to Biotech – defining the product
Business Strategy – market intelligence and competitor analysis
Business Development – organization, implementation, IPR and financing
Managing Biotech – communication, partnerships, and exit opportunities

Each seminar offers both theoretical and practical approaches. Professors from CBS provide theory and methodology, while speakers from industry offer practical insights and real-life examples. This teaching prepares you to build a business plan for a bio-venture.
The students are supported by supervision offered by academic and industry experts. Groups are also given the opportunity to discuss their projects with the speakers from academia and industry. Students will be working in groups of 4-5 members, with at least one student from each university.
It is mandatory to submit a 3 page project summary to enter the Idea Competition of Venture Cup http://www.venturecup.dk/competitions/. It is recommended but optional to submit some months later the entire business plan to Venture Cup Business Plan Competition.
Expected literature

Recommended literature:

  • Friedman, Yall. Building Biotechnology. 2004. Amherst,N.Y., thinkBiotech
  • Brodersen, Hal. Virtual reality: the promise and pitfalls of going virtual. Bioentrepreneur. 2005.
  • Delmar, Frederic and Scott Shane(2003). Does business planning facilitate the development of new ventures? Strategic Management Journal 24, 1165–1185.
  • Nambisan, Satish and Mohanbir Sawhney(2007). A buyer’s guide to the innovation bazaar. Harvard Business Review. June 2007, 109–118.
  • Pisano, Gary P.(2010).  “The evolution of science-based business: innovating how we innovate”. Industrial and Corporate Change 19[2], 465-482.
  • Rivette, K. and Kline D.(1999). Rembrandts in the Attic: Unlocking the hidden Value of Patents. Chapter 4: Supercharging R&D through patent planning, page 93-118.
  • Zider, Bob(1998), How Venture Capital Works. Harvard Business Review, November- December, 131-139.
Last updated on 29-08-2012