Educating the Next Generation of Biotechnology Managers and Founders
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Educating the Next Generation of Biotechnology Managers and Founders

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Traditional education paths don't sufficiently train individuals to manage or start biotechnology enterprises. What solutions can fill this vital need?

Traditional education paths don't sufficiently train individuals to manage or start biotechnology enterprises. What solutions can fill this vital need?

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    Educating the Next Generation of Biotechnology Managers and Founders Educating the Next Generation of Biotechnology Managers and Founders Presentation Transcript

    • Educating the Next Generation of Biotechnology Managers and Founders
      Pittcon
      March 1st 2010
      Yali Friedman, Ph.D. – info@thinkbiotech.com
    • Challenges
      Traditional biotechnology educational paths are not oriented at developing practitioners
      PhD: Academic research
      poor understanding of business
      MBA: Management, strategy, finance
      poor understanding of science
      The biotechnology industry is dynamic
      Can educational programs keep up with change?
      How can graduates stay abreast of new developments?
    • Why have PhDs been so successful in biotechnology?
      PhD:
      Ability to solve hard problems, independently
      Often accompanied by a risk-averse, reductionist, mindset
      There has to be another way…
    • Can you Cross-Train Students?
      Do you really need a PhD to manage a biotechnology company?
      MS/MBA Programs
      Combine research with business training
      “I’m no good at the lab work, why do I have to do it?”
      The objective is not to train you as a scientist, but to provide you, as a future manager, an understanding of science
    • Asking the right questions
      JHU MS/MBA Proseminar course
      Train students to think like journalists
      Prepare a 1 page summary on a recent industry report (newspaper, journal, etc)
      What is the key issue, and why is it important
      What has changed
      What does it mean
      Prepare 3 questions for each speaker
      This is a life skill: You should be able to ask three intelligent questions of everyone you meet
      Group project
      Marketing, R&D management, finance, etc.
    • Working on real problems
      KGI Team Masters Project
      Final project in second year
      Team of students, under faculty supervision, deliver a solution to a real problem
      Company sponsorship is $50,000
      Ensures that the problem is real and important, and that students will be pushed to deliver
    • NIH FAES Graduate School
      Students are mainly NIH post-docs
      Intelligent, inquisitive, want to learn business
      High-speed, deep, overview of biotechnology industry
      Focus on cases, provide textbook for background reading
      Guest lecturers
      Introduce a diverse set of local industry practitioners
      Students are independent and inquisitive – don’t need prodding to ask questions!
    • Guest lecturers
      Focus is on learning about the person, not their job
      Large and small biotechnology companies
      Which environment suits you?
      Mid level executives
      “I’ve had a different business card every year”
      Service vs. product firms
      Unique challenges for each
      No scientific background
      Career path from Phillip Morris to proactive regulatory consulting
    • NIH FAES Graduate School
      Final Deliverable
      Essay on a topic of the student’s choosing
      Funding opportunities, build vs. buy decisions, etc.
      http://www.biotechblog.com/2009/05/27/biotechnology-management-papers/
    • Continuing education in biotechnology
      The industry is dynamic, but there are no
      formal training requirements
      Continuing education is a personal responsibility,
      must be self-directed
      Journal of Commercial Biotechnology 14(4), 275-276
      Free online: http://www.palgrave-journals.com/jcb/journal/v14/n4/full/jcb200830a.html
    • More questions than you came in with?
      The biotechnology industry is dynamic
      Keep Learning!
      Yali Friedman – info@thinkbiotech.com