BIOENTREPRENEURSHIP

Paper Code: 
MBL 324
Credits: 
2
Contact Hours: 
30
Objective: 

Course Outcomes (COs):

 

Course Outcomes

Learning and teaching strategies

Assessment Strategies

  
 

Upon completion of the course the learner will:

CO 117: Relate with general Innovation and entrepreneurship skills in bio-business.

CO 118: Analyze and collaborate with different Entrepreneurship development programs

CO 119: Assess various Bio markets -

business strategy and marketing.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

CO 120: Plan and reframe Finance and

Accounting

CO 121: Develop new methods of Technology management

CO 122: Build up a strong network within the industry.

Interactive Lectures, Discussion, Tutorials, Reading assignments, Self-learning assignments, Effective questions, Giving tasks

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

  

 

6.00
Unit I: 
Innovation and entrepreneurship in bio-business

Introduction and scope in Bio-entrepreneurship, Types of bio-industries and competitive dynamics between the sub-industries of the bio-sector (e.g. pharmaceuticals vs. Industrial biotech). Strategy and operations of bio-sector firms: Factors shaping opportunities for innovation and entrepreneurship in bio-sectors, and the business implications of those opportunities, Alternatives faced by emerging bio-firms and the relevant tools for strategic decision.

 

6.00
Unit II: 
Entrepreneurship development programs

Entrepreneurship development programs of public and private agencies (MSME, DBT, BIRAC, Make in India), strategic dimensions of patenting & commercialization strategies.

 

6.00
Unit III: 
Bio markets –business strategy and marketing

Negotiating the road from lab to the market (strategies and processes of negotiation with financiers, government and regulatory authorities), Pricing strategy, Challenges in marketing in bio business (market conditions & segments; developing distribution channels, the nature, analysis and management of customer needs), Basic contract principles, different types of agreement and contract terms typically found in joint venture and development agreements, Dispute resolution skills.

 

 

6.00
Unit IV: 
Finance and accounting

Business plan preparation including statutory and legal requirements, Business feasibility study, financial management issues of procurement of capital and management of costs, Collaborations & partnership, Information technology.

 

6.00
Unit V: 
Technology management

Technology – assessment, development & upgradation, managing technology transfer, Quality control & transfer of foreign technologies, Knowledge centers and Technology transfer agencies, Understanding of regulatory compliances and procedures (CDSCO, NBA, GCP, GLA, GMP).

 

ESSENTIAL READINGS: 
  • Adams, D. J., & Sparrow, J. C. (2008). Enterprise for Life Scientists: Developing Innovation and Entrepreneurship in the Biosciences. Bloxham: Scion.
  • Shimasaki, C. D. (2014). Biotechnology Entrepreneurship: Starting, Managing, and Leading Biotech Companies. Amsterdam: Elsevier. Academic Press is an imprint of Elsevier.
  • Onetti, A., & Zucchella, A. Business Modeling for Life Science and Biotech Companies: Creating Value and Competitive Advantage with the Milestone Bridge. Routledge.

 

REFERENCES: 

SUGGESTED READINGS:

  • E.Moore –Landeekeer: Fundamentals of the fungi, Publisher: Prentice Hall.
  • L. Barsanti, Paolo Gualtieri: Algae: anatomy, biochemistry, and biotechnology
  • AyhanDemirbas, M. FatihDemirbas: Algae Energy: Algae as a New Source of Biodiesel (2010)

 

e RESOURCES:

 

JOURNALS:

  • Nature Biotechnology
  • The Journal of Entrepreneurship
  • The International Journal of Entrepreneurship and Innovation

 

Academic Year: 
2023-2024
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