Interest Areas: Biotechnology/Life Sciences | Business Plan | Financial/Financing | Marketing/Sales | Technology Transfer
Program History and Mission
The INNoVATE™ program provides applied training for post-doctoral fellows, research scientists, and other professionals who want to start life science-based companies. The program was launched in 2010 with a 3-year funding grant from the National Science Foundation (NSF). For the 2013 INNoVATE class, the University of Maryland, Baltimore County (UMBC), will offer the program at The Universities at Shady Grove’s campus in Montgomery County, Maryland. The program is intended for scientists interested in commercializing biomedical technology. Partners in the program are the BioHealth Innovation, Inc. and the Montgomery County Department of Economic Development.
During the program, INNoVATE participants learn to evaluate the commercial potential of a technology, create a business operational plan and articulate their investment opportunity to investors and potential business partners. The program participants also learn about valuable start-up resources in the region such as university technology transfer programs, business incubators, regional service providers, state and federal funding programs, angel and venture capital investors, and potential commercial partners. In addition, the program provides an opportunity to network with local business professionals at program events and in-class panel discussions.
As a group, postdocs and academic faculty are underrepresented in entrepreneurial careers due to their need for business training, their lack of industrial experience, and their difficulty accessing entrepreneurial mentors and advisors. INNoVATE is a unique program that provides scientists with access to experienced faculty advisors and business mentors, who help guide their project from idea formulation to business execution.
Registration: No registration required.
More info: For any questions or comments: http://www.umbc.edu/innovateprogram/contactus.html
National Institute of Health, Building 2 Room 2W15
9000 Rockville Pike
Bethesda, MD 20892