BIOENTREPRENEURSHIP

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

Research and business belong together and both are needed. In a rapidly developing life science industry, there is an urgent need for people who combine business knowledge with the understanding of science & technology. Bio-entrepreneurship, an interdisciplinary course, revolves around the central theme of how to manage and develop life science companies and projects. The objectives of this course are to teach students about concepts of entrepreneurship including identifying a winning business opportunity, gathering funding and launching a business, growing and nurturing the organization and harvesting the rewards.

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 ofBiodiesel (2010)

 

e RESOURCES:

 

JOURNALS:

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

 

 

 

 

Academic Year: 
2023-2024
  • Printer-friendly version
  • PDF version