Prior to the official start of the program, participants will receive pre-assignments and individual assessment tools to maximize their learning. These materials will help assess leadership skills, adaptability and business readiness, ensuring that each entrepreneur starts with a solid foundation.
Materials provided prior to the start of the program:
Individual assessments of leadership and entrepreneurial skills.
Introductory readings and resources on the life sciences startup ecosystem.
First idea validation assignments.
The Entrepreneur Readiness Program is a fundamental and intensive 1-week phase designed to maximize the potential of entrepreneurs before entering the next stage of the program.
At the end of this week, participants will have a deep understanding of their strengths in leadership, communication skills and strategic skills for startup creation.
Duration:
Monday to Friday, August 4 to 8.
Modality:
100% face-to-face.
Key activities:
This 12-week builds the venture by providing the essential building blocks required for a life science startup, from uncovering market needs and defining value From week to week, participants refine their strategies, validate assumptions, and set the stage for meaningful growth and investment. Below is a weekly breakdown of the topics to be covered.
– Unbiased customer interview techniques and scheduling interviews
– Value propositions and interview scripts
– Market problems/opportunities and negative impacts on key stakeholders
– Pitch deck preparation (if needed)
– Workflows and decision processes for stakeholders
– Customer discovery interviews
– Solutions placement in the broader ecosystem
– Pitch deck preparation (if needed)
– Scouting potential co-founders and/or team members
– Competitor, Competitor approach, and market gap analysis
– Pitch deck preparation (if needed)
– Market sizing
– Total addressable market (TAM), serviceable available market (SAM), and share of the market (SOM)
– Company registration steps (e.g., SAM.gov)
– Product development milestones, costs, regulatory considerations, etc.
– Target product profiles for your technology
– Insurance reimbursement pathways and revenue models
– Partnerships, exits, and business development strategies
– Federal grant registration and materials preparation
– FDA approval processes and timelines (e.g., IND, IDE)
– Core legal aspects including IP protection, equity splits, due diligence documents, etc.
– Initial financial models (costs, revenue projections, funding needs)
– SBIR grants, venture capital, and accelerator/incubator programs
– Immediate funding strategies
– Executive summaries
– Pitch deck preparation (if needed) and finalization
– Pitch deck presentation
The program is designed for entrepreneurs committed to the creation and financing of life sciences startups.