Developed by the CHOP Innovation Ecosystem
Children’s Hospital of Philadelphia (CHOP) faculty and staff are encouraged to apply for a free professional development course on Academic Entrepreneurship that will take place in Fall 2023.
The CHOP Innovation Ecosystem team defines academic entrepreneurship as “the intentional focus on translating science and technology developed in academic settings into health impact via commercialization routes.”
All CHOP Faculty, Staff, and Personnel! Please note: in this first cohort, priority will be given to trainees (post-docs & clinical subspecialty fellows)
No previous entrepreneurship experience required!
Seven weekly, 3-hour, in-person skill-building sessions, plus asynchronous videos and assignments, mentorship/coaching from current academic entrepreneurs (and snacks).
Course Introduction & Key Considerations: Communication, Costs, and Common Pitfalls
Defining/Refining the Problem: Customer Discovery & Articulating a Problem Statement
Early Solutioning: Market Research & Prototyping
Regulatory Considerations: Internal & External Bodies & Common Challenges
Legal Basics: Intellectual Property, Conflict of Interest, & Working with Office of Technology Transfer
De-Risking Business Plans & Team Members
Presentations & Course Wrap Up
Fall 2023 on CHOP Main Campus
Tentative dates: October 4th - November 15th, Wednesdays 1:00-4:00 pm
Value to participants: Completion of this course will increase your knowledge and confidence with academic entrepreneurship, highlighting skills, processes, and resources that you need to be successful on this path.
Value to research supervisors or clinical program directors: Completion of this course by a member of your staff may accelerate the translation of work underway in your program.
Value to mentors: Completion of this course may provide your mentee with critical answers and direction that may lie outside your own expertise.
This course is free, but application will be required.
The fine print:
This is a short course designed to build skills in academic entrepreneurship for post-doctoral and clinical subspecialty fellows. No previous experience with entrepreneurship is required.
During this course, students will learn important elements of academic entrepreneurship. They will be exposed to the general process of academic entrepreneurship in the context of pediatric medical device development and be work with tools and skills that can be broadly applied to other potential entrepreneurial uses and to general research in the future. Students will participate in self-reflective exercises and be exposed to potential future collaborators and mentors in academic entrepreneurship, gaining insights about themselves and their own potential interest in being an academic entrepreneur. CHOP & University resources will be shared throughout the course to help guide participants on their journeys beyond the course.
At the end of this course, participants will be familiar with and able to apply key concepts in Academic Entrepreneurship, like:
Recognize common pitfalls, costs, and business terminology associated with Pediatric healthcare innovations.
Describe at least one framework for evaluating perceived problems and potential solutions in pediatric healthcare.
Explain a value proposition from the lens of multiple stakeholders.
Define key elements of effective communication to gain support for proposed ideas at different stages of development (e.g., pitching).
Identify key funding considerations and resources for financing pediatric healthcare projects, beyond traditional academic funding structures (e.g., federal research grants).
List major technical and business milestones and risks related to pediatric healthcare solutions, specifically related to pediatric medical devices.
Identify and evaluate skills necessary to be an academic entrepreneur in Pediatrics (in themselves and others).
Summarize resources available for future exploration of academic entrepreneurship pathways (e.g., networking/mentoring, accelerators/hubs, educational opportunities).