- To implement a novel Successful Entrepreneurship program throughout Texas to further entrepreneurship in all fields and departments.
- To establish a transformative Successful Entrepreneurship program open to all.
- To promote successful commercialization of medical discoveries and inventions in Texas.
- To develop a suite of integrated, interactive courses that impart skill-sets needed to enhance entrepreneurial thinking, including: management, team building, and risk acceptance.
- To develop infrastructure to support company formation and product commercialization.
The University of Texas System has tasked UTMB and its CTSA in developing a successful Healthcare Entrepreneurship Program. The program will train pre-doctoral and medical students, physicians, faculty, and staff in "best practices" for strategic application of business principles, as well as provide educational and practical partnerships for entrepreneurs to work towards the commercialization of innovations in medical technology and health care. Administratively, courses within this program are managed through UTMB's newly established Human Pathophysiology and Translational Medicine Training doctoral program, jointly administered through UTMB's Institute for Translational Science and the UTMB Graduate School of Biomedical Sciences. Other program elements are managed by UTMB’s Institute for Translational Sciences and the CTSA. Disseminating aspects of this program to all Texas campuses will expand the potential for partnerships across these campuses.
Educational components include:
- "Business Innovation for Successful Entrepreneurship" – this 15-week interactive project-based course was developed in collaboration with the UT-Austin McCombs School of Business to provide a detailed understanding of the steps required to commercialize technologies and launch a successful startup venture. Next class begins Jan 29, 2016.
- "Raising Non-dilutive Capital" – an individualized mentored training program designed to help UT-affiliated startup companies successfully compete for non-dilutive SBIR/STTR grant funding. Launched 2015; ongoing.
- "Biomedical Product Regulatory & Commercialization Paths" - a16-week course being developed in partnership with regulatory and biotech experts to provide a detailed project-based understanding of how to effectively and efficiently negotiate the regulatory issues related to marketing biomedical products. To launch in 2016.
- “Ultra-rapid Medical Device Prototyping” – a 4-week course being developed to provide medical and graduate students with the training and resources to innovate in the medical device space. To launch in 2016.
- "Entrepreneurship and Technology Management" certificate – consisted of four online courses offered by the University of Houston Clear Lake School of Business. Pilot project was tested during 2013-14 and discontinued in 2015.
- "Enterprise Creation" workshops – quarterly series of intensive and informative discussions about key aspects of entrepreneurial ventures. Pilot project was tested in 2013-14 and discontinued in 2015.