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The Business Development Certificate Experience

The Business Development Certificate program is intended for graduate students and postdoctoral researchers in science and engineering. The year-long program provides an introduction to, and hands-on experience in, developing new business ventures designed to commercialize research.

Fellows take five courses at the Graduate School of Management, learning alongside MBA students and under the guidance of the school’s faculty, investors and entrepreneurs to acquire knowledge, skills and abilities in the following areas:

  • Dynamics of innovation and entrepreneurship
  • Innovation strategies and work practices
  • Interdisciplinary teamwork
  • Evaluating technology/market opportunities
  • Product, process and new venture design
  • IP patenting and licensing strategies
  • Writing and communicating business plans
  • Building and managing interdisciplinary teams
  • Modeling finance and investment strategies
  • Rapid prototyping and testing strategies

Course Descriptions

Business Development Clinic: Students learn to work closely in small, interdisciplinary teams to synthesize technical, strategic and marketing needs and resources into designs for new ventures. Topics include market research, financial modeling, prototyping and resource acquisition. Teams develop business models for a wide range of emerging technology and market opportunities.

Management of Innovation: Describes the processes of creativity and innovation and provides students with the means to craft interdependent innovation strategies, work practices and cultures for managing innovation in organizations.

New and Small Business Ventures: Emphasizes starting a new business venture or managing a small business during its formative stages.

Technology Competition and Strategy: Business strategies for firms that make technology products, those that feature digital components and network effects.

Fifth course TBA.


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