Dates: from June 9-July 9, 2015
The Technion Entrepreneurship and Innovation Summer School with Biomedical & Biotechnology Specialization is an advanced month-long program for tech minded students seeking to develop ideas into a start-up or work in an entrepreneurial environment in the medical, biomedical and biotechnology fields. Conducted in English, it is suited to students studying medicine, bioengineering, biomedical engineering, biotechnology, business or other related disciplines.
This full month program aims to present the full circle of the entrepreneurship innovation cycle and eco-system, which includes:
- The entrepreneur (me)
- The organization (the company)
- The eco-system of entrepreneurship (society)
All aspects of the entrepreneurship phenomena and eco-system from both an academic and practical standpoint will be addressed, as well as the economic value of innovative firms, the entrepreneurial capital formation process, and the migration of managed economies towards entrepreneurial economies. Later, the various financing mechanisms of start-up firms focusing on VC structure and operation will be examined.
- Expose yourself to the Israeli entrepreneurial culture
- Experience the “heat” of an entrepreneurial environment
- Learn how to identify, value & capture business opportunities
- Work as part of a team
- Turn an idea into a business plan/start-up
- Prepare a business plan for the commercialization of your idea
- Present your plan to a panel of academics and industry specialists
- Tour Israel and learn about its fascinating history and culture like Jerusalem, the Dead Sea and Tel Aviv, as well as places that had a significant role in the development of the “Start-Up Nation”
- Stimulating academic workshops
- Start-up simulations
- Off-site activities including business and industry site visits
- Meetings with Israeli business leaders in the different fields of expertise
- Working in small teams with business mentors
- Participating in a simulated VC presentation
- Earn 6-7 Technion Academic credits
The Opportunity – Discover the Birthplace of the “Start-Up Nation”
The program gives international students an opportunity to study and explore Israel’s fascinating business ecology and experience a taste of Technion’s high-level academic standards, while addressing one of the most critical fields in modern technology management: the initiation, development and expansion of technology firms in their early life.
Technion is Israel’s premier institute for science, technology and applied research, having trained most of the country’s top engineers and managers and at the forefront of countless industry related research. Watch Technion’s involvement in Israel’s booming high-tech and start-up economy:
Technion is the perfect place to study the eco-system of entrepreneurship and innovation
A recent MIT survey ranked Technion as one of the world’s leading universities (in 6thplace) for “Creating an Eco-System of Entrepreneurship and Innovation,” and as the best (Number 1) university in doing so under challenging conditions. To read more click here.
“…Israel has more high-tech start-ups per capita than any other nation on earth, by far. It leads the world in civilian research-and-development spending per capita. It ranks second behind theUS in the number of companies listed on the NASDAQ. Israel, with seven million people, attracts as much venture capital as France and Germany combined…”
David Brooks, The New York Times
Program Dates: June 9 – July 9, 2015
Application Deadline: May 1, 2015
Academic Credits Earned: 6-7
The Entrepreneurship and Innovation Summer School with Biomedical & Biotechnology Specialization is open to talented undergraduate students with a GPA of 80/3.0 and above.
A technology and business studies background is recommended but not required.
Students receive 6-7 Technion credits and a certificate for participation in the program. The program will open with a minimum of 10 students.
The applications forms are available here
Students are asked to submit the following documents with their application:
- Completed application form
- Academic record, supplied through a transcript (original or approved copies)
- A personal statement
- Letter of recommendation from a faculty member or academic supervisor at your home institution*
- Students from non-English speaking countries must either undergo a personal interview or submit their TOFEL/IELTS scores
- $50 (USD) application fee (Non-Refundable),download here
*An original copy must be sent directly to the evaluator.
Since academic programs at Technion International are taught entirely in English, applicants are required to demonstrate their English proficiency before their enrollment. Applicants from countries where English is not the primary language may be required to undergo an interview in English.
All forms and documents relating to your application should be sent to our Admissions Coordinator:
Ms. Sawsan Brik
*Admission decisions will be based on a close evaluation of each application on a case by case basis. An emphasis will be placed on the academic performance of each candidate.
Includes accommodations and lunch on campus
Registration Fee: $ 50 (USD)
*Please note that the program costs do not cover applicants’ airfare.The program costs include accommodations, medical insurance, lunch on campus and all excursions.
**Prices are subject to change due to Technion decision, fluctuations in market prices and currency exchange rates.
|Registration Fee (Non-Refundable) $50||Submitting application|
|Deposit $500 (USD)||Acceptance to the program|
|Tuition $5,500 (USD)||By June 1st|
For more information contact us at: email@example.com
Program participants will be housed at the Marom Hotel in Haifa (up to 3 students per room). The hotel is located in a prestigious neighborhood on Mont Carmel, in a central but quiet location, with close proximity to most major points of interest in the city. Guests enjoy a warm and homey atmosphere and breathtaking views of the city and Haifa Bay.
For more information we urge you to contact our Admissions Coordinator at: firstname.lastname@example.org
Areas Covered in the Program Include:
What is Entrepreneurship?
- Entrepreneurship as an economic and social phenomenon
- Creativity and innovation
- The Israeli entrepreneurial model (Introduction to the Israeli Economy)
- The Start-Up Nation: past, present, future
- Innovation and Entrepreneurship around the world
- Entrepreneurship and Academia – the Technion case
- What is social entrepreneurship?
The Entrepreneur (You)
- Identifying new opportunities – from intentions to actions
- An entrepreneurs’ passion and characteristics
- The psychology of entrepreneurship
- Communicating your ideas – from elevator pitch to business plan
- Entrepreneur’s decision making tactics and persistence
- The Founder’s Dilemma
- The Entrepreneurial Exit
The Entrepreneurial Organization (Company)
- Developing your Company:
- Origin and circulation of ideas: idea processing from new idea to a new firm
- Firm development stages
- Market research and competitive analysis; market segmentation
- Revenue models and pricing, sales and distribution strategy
- Firm Development Instruments:
- The Business Plan
- The Executive Summary
- The Business Plan Presentation
- The Investor Pitch
- Legal & tax aspects of the new venture
- Innovative structures of entrepreneurial organizations
- The lean start-up approach
Entrepreneurial Eco-System & Economy (Society)
- Economics of Entrepreneurship:
- Innovation, entrepreneurship and economic growth; Solow neoclassical economic growth model; Innovation as economic resource (Arrow 1962)
- The economic constraints of start-up firms; New projects borrowing capacity; Entrepreneurs, investors and financial intermediaries
- Financing Aspects of Entrepreneurship
- Numerical illustration of investment model; Financial aspects of entrepreneurship
- Financing mechanisms during firm life
- Introduction venture capital investments; Venture cycle, VC performance
- New financing instruments: crowd financing (and others); Simulation Lab: crowd funding campaign
- Economic policy in innovation and entrepreneurship – Policy design models
- The Israeli model of encouraging entrepreneurship (Chief Scientist)
- Intellectual property models and policy
- Technology Transfer
Entrepreneurship in the Medical Area
- Developing a project from idea to business plan in the medical/ biomedical/ biotechnology areas
- An introduction to the business of biotechnology and a description of the course
- Introducing tools for brainstorming and ‘design thinking’
- The strategy and requirements for coming up with a good idea for a successful biotechnology project with an emphasis on medical devices
- Going from bench to marketplace; Proof of concept; Product development; Preclinical trials, etc.
- Design the proof of concept (POC) to demonstrate that the concept/idea really works and can convince an investor to fund project commercialization
- Describe the experiment/trials and work plan needed for proof of concept (POC); Describe the predicted experimental results in detail (assume that the POC is a success)
- IP management and ways to protect your new invention
Courses & Syllabi
The program includes the following academic courses:
097657 : Organizations and Entrepreneurship (2.5 credits)
098793 : Entrepreneurial Economics and Finance (2 credits) – Syllabus will be provided soon
66525: Biomedical-Innovation and Entrepreneurship (2.5 credits)
For a total of 6-7 academic credits
The program consists of frontal lectures (courses 097657 and 098793) by a group of leading scholars and guest speakers from the industry according to their field of expertise, integrated in a holistic management education model.
The Project in Biomedical Innovation and Entrepreneurship (66525) has a hands-on training structure, whereby student teams work under the supervision of an academic and industry mentor on the development of a real idea into a potential high-tech start-up.
As detailed in the specific academic courses.
Upon completion of this full month program, students will receive a Technion diploma certifying their participation in the program, as well as transcripts for the academic credits gained (6-7 credits). A student’s home university may accept these credits according to their own academic scales and evaluation.