Business Concepts for Life Sciences

Course	Business Concepts for Life Sciences
Course Link	https://courses.ibiology.org/courses/course-v1:iBiology+BLCS+SP/about We encourage all educators to register for the online course and review it in the online platform to read the full course text and see the course components in context.
Syllabus	Download Syllabus
Course Level	This training is designed for graduate students, postdocs and junior faculty who wish to gain a basic understanding of business fundamentals. The goal is to impact participants’ career readiness by helping prepare scientists who want to start their own labs, and inform scientists who want to go into industry.
Educator Audience	PIs and research mentors and administrators looking for resources to teach life science trainees fundamentals in business strategy, strategic collaborations, strategy tools, and finance.
Moderator Information	View Moderator Guide The moderator guide is to share evaluation and marketing materials that would minimize the effort required for individuals at other institutions and groups to offer the BCLS workshops. Rubrics and instructional materials are also included to help non-expert individuals deliver the content in a classroom setting.
Articles & Data	Applying Business Strategies to Establish Your Research Program (2020), Current Protocols, https://doi.org/10.1002/cpet.41 https://currentprotocols.onlinelibrary.wiley.com/doi/full/10.1002/cpet.41 An Experiential Learning Alternative for Ph.D.s: Business Concepts for Life Scientists (2019), National Association of Colleges and Employers (NACE) Journal https://www.naceweb.org/career-development/internships/an-experiential-learning-alternative-for-phds-business-concepts-for-life-scientists/ Business Strategies for Scientists: A Flipped Classroom Learning Experience (2017), Poster at AAMC Training, Workforce and Education national meeting in Baltimore, MD

“Business Concepts for Life Sciences” Brief Overview

The purpose of the Business Concepts for Life Scientists course is to enhance PhD scientists’ understanding of foundational business concepts. This business coursework is unique because it is designed to prepare scientists for career transitions into both academic and non-academic settings. The course comprises a series of three modules – Business Strategy, Finance and Business Development.

Tell Us What You Think

We have put together these resources in an attempt to be helpful, so we very much would like to know what you think, and/or how you might be using them. We would also like to know what you think is missing or what could be better. Please reach out to us at courses@ibiology.org and gives your thoughts and feedback. Thank you!

Institutions and Funding

This course is a collaboration between iBiology, University of California San Francisco Office of Career and Professional Development, and The Graduate School at Washington University in St. Louis. Funding was provided by NIH (GM008568) and Burroughs Wellcome Fund Career Guidance for Trainees Award.

Course Resources List

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Assessment question

Discussion prompt

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Web resource

Type	Title	View	Download	Download w/ Subtitles	Transcript Text	Resource
Module 0: (Introduction)
	Course Introduction	View
Module 1: Introduction to Strategy
	Lesson 1: Term Sheet					.pdf
	Value Proposition	View	High Low	High Low	Transcript
	Value Proposition Slides					.pdf
	Podcast: Value Proposition	View			Transcript
	Identify a Company’s Strategy	View			Transcript
	Podcast: Stakeholders	View			Transcript
	Lesson 2: Term Sheet					.pdf
	Organizational Capabilities	View	High Low	High Low	Transcript
	Organizational Capabilities Slides					.pdf
	Parallels to Academia	View	High Low	High Low	Transcript
	Parallels to Academia Slides					.pdf
	Podcast: Strategy in Academia (Mark Ansel)	View			Transcript
	Podcast: Strategy in Academia (Bob Farese)	View			Transcript
	Assessment questions for Module 1
Module 2: Business Development
	Lesson 4: Term Sheet					.pdf
	Identifying the Gap	View	High Low	High Low	Transcript
	Identifying the Gap Slides					.pdf
	Lesson 5: Term Sheet					.pdf
	Filling the Gap & Executing the Deal	View	High Low	High Low	Transcript
	Filling the Gap & Executing the Deal Slides					.pdf
	Parallels to Academia (lesson 6)	View	High Low	High Low	Transcript
	Parallels to Academia (lesson 6) Slides					.pdf
	Podcast: Collaborating to Fill Gaps	View			Transcript
	Assessment questions for Module 2
Module 3: Strategic Collaborations
	Lesson 7: Term Sheet					.pdf
	Academic-Biopharma Strategic Collaborations	View	High Low	High Low	Transcript
	Academic-Biopharma Strategic Collaborationsl Slides					.pdf
	Podcast: Academic & Biopharma Collaborations	View			Transcript
	Podcast: UCSF Innovation, Technology & Alliances	View			Transcript
	Lesson 8: Term Sheet					.pdf
	On Being Collaborative and Influential	View	High Low	High Low	Transcript
	On Being Collaborative and Influential Slides					.pdf
	Podcast: On Being Collaborative and Influential	View			Transcript
	Assessment questions for Module 3
Module 4: Strategy Toolkits
	Lesson 9: Term Sheet					.pdf
	Environmental Assessment Toolkit	View	High Low	High Low	Transcript
	Environmental Assessment Toolkit Slides					.pdf
	Podcast: Enviro Assessment	View			Transcript
	Lesson 10: Term Sheet					.pdf
	Toolkit for Developing Strategy	View	High Low	High Low	Transcript
	Toolkit for Developing Strategy Slides					.pdf
	Podcast: Developing Strategy (Asha Collins)	View			Transcript
	Podcast: Developing Strategy (Neal Alto)	View			Transcript
	Assessment questions for Module 4
Module 5: Finance
	Lesson 11: Term Sheet					.pdf
	Financial Statements & Forecasting	View	High Low	High Low	Transcript
	Financial Statements & Forecasting Slides					.pdf
	Lesson 12: Term Sheet					.pdf
	Basic Financial Principles	View	High Low	High Low	Transcript
	Basic Financial Principles Slides					.pdf
	Parallels to Academia (lesson 13)	View	High Low	High Low	Transcript
	Parallels to Academia (lesson 13) Slides					.pdf
	Podcast: Developing a Research Plan	View			Transcript
	Assessment questions for Module 5