Course Coordinators: Prof Sten Albert Ohlson (SOhlson@ntu.edu.sg )
Academic Unit: 3 AU
Availability: Semester 2
Course Type: BS-Major PE, BMS-Major-PE
Language of instruction: English
Teaching hours: Lectures: 23 hours; Tutorials: 16 hours
Singapore is currently an
exciting place for Bioentrepreneurship and the bioindustry is an area where many
activities are taking place and where opportunities abound. The huge capital and energy input into life
sciences is a pillar for our country’s economy and it is a strong indication of
the tremendous opportunity that is present in this field. In this course, we will not only show you the
structure of Bioentrepreneurship, but also impart the spirit and essence of it.
the launching of new ventures aims to create or build something new or
different that has an impact on one’s dream and also on peoples’ lives and ultimately
on the society. It will lead to new and improved products/services and create
new jobs and added value for owners, investors and the society. Starting up a bioventure usually requires
more money than you have in the bank, more energy than you thought you had and
more skills & know-how than you thought you needed.
This course is an
exploration into the fundamentals behind Bioentrepreneurship. Students learn to understand what Bioentrepreneurship
is about; what the bioentrepreneurial journey entails; and perhaps most
importantly, how they can become more bioentrepreneurial themselves.
The lectures, interactive
seminars and workshops will cover a broad range of issues such as creativity
and innovation; the bioentrepreneurial mindset; investigating ideas &
opportunities; developing business plans; attracting investments; and managing
intellectual property. There is a heavy emphasis on teamwork
in the course assessment. The focus
of case studies, examples and student projects will be on bio-science and biotechnology
related areas. All teaching is carried out in the English language.
- Have good knowledge of the essential elements of Bioentrepreneurship
including management, financing, regulatory- and quality issues, marketing and
intellectual property (IP). Understand the challenges of being a
Be familiar with the current status of the bioindustry
globally as well as in Singapore.
Have in-depth knowledge how to produce a business plan and develop
skills to present it.
Have knowledge how to start a biocompany.
Students will be assessed by:
Team Assignment: Business plan (50%)
will work in teams of 3-6 members to produce a business plan based on a biotechnology idea chosen by the team. The business plan is to
be submitted at the end of the course. The assignment will be graded on a team basis.
2. Team Assignment: Group
Presentation of Business Plan (20%)
Each team is to give a (maximum of) 20 minute
presentation of their Business Plan. An
additional 5 minutes will be spent on Q&A. Each team is to prepare comprehensive power point
slides for the presentation to potential investors. Each of the group members will present and participate in the Q&A. Grading will be based on individual performance.
3. Group Presentation on Bioentrepreneur
Each team is to select a local Bioentrepreneur and
his/her venture, and evaluate why the entrepreneur and the venture is
successful or unsuccessful. The purpose is to gain insight into an
entrepreneur’s reasons, strategies, intellectual properties, approaches and
motivations for starting and growing the venture. Evaluation criteria will include quality of
content, application of themes discussed in class, depth and breadth of
analysis and quality of presentation. A two page memo that summarizes the
presentation content is required, where each team must submit before the final
presentation starts. Each of the group members is to present and student will be assessed based on individual performance.
4. Class Participation (10%)
Students will be assessed for class activity which will
include demonstration of analytical capability, integrative thinking,
interpersonal skills and humor.
notes and hand-outs
Entrepreneurship Ed. C. Shimasaki, ISBN: 978-0-12-404730-3, Academic Press
2. Handbook of
Bioentrepreneurship Eds. H.Patzelt and T. Brenner, ISBN: 978-0-387-48343-6,
Springer Science (2008)
3. Innovation and
Entrepreneurship in Biotechnology, an International Perspective J. Kapeleris
and D. Hine, ISBN-10: 1 84376 584 5, Edward Edgar Publishing (2006)
4. BioNova: Building a Biotech
Company, P. Dobers and S. Wikander, ISBN: 91-44-03776-7, Student litteratur