Unique collaboration helps biomedical researchers grow their entrepreneurial skills

Kimberly McGhee
October 07, 2020
An entrepreneurial class at VentureSouth
A VentureSouth workshop. VentureSouth is one of the industry experts collaborating with CGS on the new entrepreneurship course. Photograph courtesy of VentureSouth.

Biomedical researchers at the Medical University of South Carolina can hone their entrepreneurial skills thanks to an innovative new course that provides them an opportunity to gain real-world experience in transforming biomedical innovations into products and services. The course is a collaboration between the College of Graduate Studies (CGS), the MUSC Foundation for Research Development (FRD) and industry experts skilled in each of the course’s content areas. VentureSouth, an angel-funding platform, has provided content that will help teach students how to interact with investors and will also expose them to entrepreneurship in action.

“This entrepreneurship course reflects our commitment to preparing our trainees for a changing biomedical landscape and to ensuring that they have the skills to work across disciplines and take bold chances to make a difference.”     -- Dr. Paula Traktman

The “Entrepreneurship in the Biomedical Space” course grew out of a CGS initiative led by dean of the college, Paula Traktman, Ph.D., and associate dean Cynthia Wright, Ph.D., and funded by Burroughs Wellcome Fund. 

 “This entrepreneurship course reflects our commitment to preparing our trainees for a changing biomedical landscape and to ensuring that they have the skills to work across disciplines and take bold chances to make a difference,” said Traktman.

 

Dr. Cynthia Wright and Dr. Paula Traktman of the Medical University of South Carolina 
Dr. Cynthia Wright (left) and Dr. Paula Traktman (right) began developing the course with funding from the Burroughs Wellcome Fund.

This certificate-based program offers online classes and networking sessions that will cut to the heart of entrepreneurship in the biomedical space. Due to the pandemic, sessions are currently online, but a mix of in-person and online sessions are planned for the future, with options for both local and non-local students. The curriculum includes sessions on intellectual property, company building, regulatory requirements and reimbursement, agreements and financing.

The innovative course draws on the unique strengths of each of the collaborators. The CGS brings an unwavering commitment to the training of biomedical graduate students and postdoctoral fellows. MUSC FRD provides expert knowledge of intellectual property and the technology development process. Finally, industry partners bring real-world expertise in each of the content areas. VentureSouth brings to the table its funding and capital expertise. 

Read more about this unique collaboration on MUSC Catalyst News. For more information, please visit the course website. If you have any questions, please email Scott Davis at davissco@musc.edu.