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2012/2013  KAN-BIO_IES  Innovation, Entrepreneurship and Strategy in BioBusiness

English Title
Innovation, Entrepreneurship and Strategy in BioBusiness

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 12
Study board
Study Board for MSc. in Business Administration and Bioentrepreneurship
Course coordinator
  • Christoph Grimpe - Department of Innovation and Organizational Economics
Several factors necessitate size restrictions for this course to max. 12 students. Students enrolling for the minor in bioentrepreneurship are selected first.

CBS students have to apply through the official CBS course enrollment and credit students must apply by filling out an application form found at www.cbs.dk.
Main Category of the Course
  • Innovation and entrepreneurship
Last updated on 24-01-2013
Learning objectives
Students learn to identify and asses commercial opportunities growing out of life-science discoveries, and to develop skills for building projects and firms effectively translating such opportunities into business development. For given business and technology positions of firm students are made capable of identifying and analysing alternative routes in decisions, and to assess their strategic consistency. Students learn how to retrieve and analyse information bearing upon such decisions. They also are trained in drawing on their previous training in bio-science, making their understanding of the science behind specific innovations a productive basis for understanding its business implications. Co-teaching with industry experts supports this particular pursuit of interdisciplinary competences.
Students must have completed the first year in one of the following cand.merc. programmes: FIR, FSM, ASC, AEF, IMM, IBS, MIB.
Innovation, Entrepreneurship and Stratey in BioBusiness:
Type of test Written Exam
Marking scale 7-step scale
Second examiner Second internal examiner
Exam period December/January and Autumn Term
Aids Open Book, Written Aid is permitted
Duration 4 Hours

The form of this exam may be changed for the make-up exam. If the number of registered participants for the make-up exam warrants it , the make-up exam may most appropriately be held as an oral exam (20 minutes).

Course content

The course covers the following themes:

  1. Competitive dynamics of different bio-sectors (e.g. pharmaceuticals vs. Industrial biotech)
  2. The institutional context of bio-innovation, including the role of IPR, public regulation and academia
  3. Patterns of innovation and entrepreneurship
  4. Key strategy choices of young biotech firms.

The course examines factors shaping opportunities for innovation and entrepreneurship, and the business implications of those opportunities. The theme of strategy choices emphasize alternatives faced by emerging bio-firms and the relevant tools for strategic decision. A section of the course is focused on the strategic dimensions of patenting.

Teaching methods
Lectures, group work and simulations. Case-based teaching and use of computer-based tools for patent-based analysis of technological competition. Guest faculty from industry appears frequently in co-teaching with academic faculty.
Further Information
Course teachers: Finn Valentin, professor; Serden Özcan, associate professor; Karin Beukel, PhD.

Expected literature

Recommended literature:

  • O'Neill, M. and Hopkins, M., 2012, A Biotech Manager's Handbook: A Practical Guide. (Biohealthcare Publishing)
  • Zenios, S., Makower, J. and Yock, P. (Editors), 2009, Biodesign: The Process of Innovating New Medical Technologies (Cambridge University Press).
  • Pisano, G.P., 2010, The evolution of science-based business: innovating how we innovate. Industrial and Corporate Change, 19, (2), 465-482.
Last updated on 24-01-2013