Team:UCopenhagen/Entrepreneurship
Timeline
SUNDhub startup incubator
|| June 18th ||
The initial Workshop of SUND Hub’s Start-up incubator program was the “Bootcamp Session”, where Peter Birk from Accelerace and Anders Graabæk from Validate (two Start-up acceleration Organisations) introduced us to the Entrepreneurship path. In this workshop we were introduced to the “Five anchors of a good opportunity”, where we were invited to think if our solution was creating significant value for a compelling medical need or problem, if it was a good fit and timing and with a differentiation and sustainable advantage over other solutions, and lastly, whether it would have a profit and return potential. We were also advised to “Love the problem, and not the solution”, to allow for innovative ideas upgrading our solution, avoiding staying static in one solution that does not fit the needs of the patient. Moreover, we did several exercises to learn how to frame our goal in order to articulate it better when presenting it to people outside of the project, through the NABC model (Need, Approach, Benefits and Competition). We felt inspired by this articulation of our purpose and decided to also create a golden circle where we showed first the WHY, then the HOW and in the end the WHAT or our solution.
Nadia Storm & Peter Løvschall, quarterly meeting at SUNDhub
|| July 9th ||
As a part of the SUND Hub Start-up incubator program, we had to present our projects to Nadia Storm and Peter Løvschall, in order to get the perfect guidance on how to start diving into the entrepreneurial part of the project. In this meeting, we realized how important is to know the audience background before you pitch your idea, and the need of always summarising the entire project in the first lines, and then explain each part more thoroughly. We also received feedback on what other information we needed to be more credible when pitching, such as experts backing up assumptions we drawn from papers, or patient stories that would make the problem more tangible.
Caroline Lærke Oldin, master student at Copenhagen Business School
|| June 9th & July 21st ||
We had thought a bit about how CIDosis would fit into a competitive consumer market. However, none of us had any expertise in business management, let alone how one would go about getting a GMO medical product approved for market. Luckily, Caroline was kind enough to help us twice.discuss with ancho this text
Biobusiness Summer School (BSS)
|| August 10th-14th ||
The BioBusiness Summer School was a full-time week event, where different field experts and start-up owners where teaching the participants the key concepts to create a BioStart-up. Topics varied from personal experiences of Danish Biotech entrepreneurs to legal requirements and considerations. Talks were insightful and uplifting, motivating us towards an entrepreneurial journey. Moreover, we had some two types of training from BCG, one for structuring and analysing problems, and another one for pitch perfectly our idea, that would be beneficial for getting investors but also conveying the purpose to our customers .Christian Groendahl
Christian Groendahl, founder of SNIPR Biome, told us about the importance of developing a “T” and not an “I” personal profile, where we have spread arms towards more knowledge, and not deep expertise, and not just the deep expertise. He introduced us to the IPO concept (Initial Public Offering), that we would have to consider if some day we decided to take a start-up to the public stock markets. He incited us to first do due diligence of our idea, and if after that, the idea works and it is still a great idea, we shouldn’t let anyone make us doubt about it or renounce.William Bullock
William Bullock, Consultant from NNIT, introduced us to an alphabet of business terminology. Our key take-aways from this talk were the difference between Material Transfer Agreement (MTA) and Licensing Agreement (LA), where the latter is just the idea and the former is also the material goods involved in it.Pernille Gojkovic
Pernille Gojkovic, patent attorney from Høiberg, explained us how essential is to have Freedom to Operate (FTO) as well as IPR (intellectual Property Rights) over an idea. She summarized the entire process in 4 steps, where the first is to check the patent requirements (it should be statutory, novel, useful and non-obvious). In this step, Pernille made a really good job making us conscious of the importance of the “novel” part. The idea should have never been disclosed before, which is why she remarked several times during the presentation that scientists trying to guess the future applications of their discoveries in the discussion parts of the papers, are their own enemies in case they want to get a patent on their discovery.one more to disucss!!
Hanne, environmental impact assessment
|| August 27th ||
Making sure that our environmental impact is as low as possible is not only important for ethical reasons, but also important for getting a CE approval. In order to know more about the subject of making an environmental impact analysis, we had along meeting with Hanne Dalsgaard Nicolaisen. You can read more about it on ----proposed implementation---
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