“Keep in mind that successful companies are less about the original idea and more about the learning, discovery and execution.” - STEVE BLANK
WHAT TEAMS LEARN BY PARTICIPATING (based on feedback from previous Challenge Teams):
- Learn about what is needed to take a life sciences idea to a commercial product
- Gain a greater understanding of biotechnology markets and customers
- Improve your ability to work with a cross-disciplinary team
- Learn how to find a market for bioscience ideas by working with industry experts
- Gain appreciation for the preparation, methods and work needed to advance a biotechnology product concept
- Gain skills in explaining ideas and concepts while interacting with potential customers
- Learn how to tell a story to win support for ideas or to recruit others in a cause
The Fall 2014 I-Corps Challenge program is for CSU student teams. Student teams start with a biotechnology idea, apply creative thought, and interview potential customers to develop a market application (product or process). Teams attend webinars to learn about the customer discovery process, business model canvas concepts, business communications, legal and biotechnology regulatory issues. Webinars are taught by experienced life science entrepreneurs, industry professionals and faculty associated with the CSU I-Corps Biological Sciences Site. Over the fall Challenge teams get out of their labs, innovation centers and classrooms and off campus to interview customers and consult with life science advisors and mentors. On the Final Weekend, Challenge teams will present their product concepts and lessons learned at the 27th Annual CSU Biotechnology Symposium at the Santa Clara Marriott. The teams’ success will be gauged by the amount of learning they do over the course of the Challenge. At least $6000 in awards will be made to teams at the symposium by panels of life science professionals and entrepreneurs.
The I-Corps Challenge is funded by the National Science Foundation and it builds on CSUPERB’s previous experience hosting the CSUPERB-I2P Challenge (2012-2014). Email firstname.lastname@example.org or call the program office (619-594-2822) if you have questions about this program.