1. Issues Specific to Life Sciences Entrepreneurship Education and Instructional Pedagogy
Michael W. Fountain, PhD, MBA
Director, Center for Entrepreneurship
John and Beverley Grant Chair in Entrepreneurship, College of Business Administration
Professor, Industrial & Management Systems Engineering, College of Engineering
Professor, Psychiatry and Behavioral Medicine, College of Medicine
The Center for Entrepreneurship
at the
University of South Florida
NCGE
York, United Kingdom—September 2006
Graduate level course for Master’s and Doctoral candidates to develop critical strategic thinking focused on IP, technology and market assessment, mgmnt of stake holder expectations, and prioritization of outcomes
One of 8 graduate level E’ship courses available to students
Cross-listed and available for students across campus
Integral part of E’ship track in MBA program in College of Business Administration and Industrial and Mgmnt Systems Engineering
Delivered in class, Web-enabled synchronous distance learning

2. Partnership between COBA, COE, COHS and H
Partnership between COBA, COE, COHS and H. Lee Moffitt Cancer and Research Center, USF Research Foundation Division of Patents and Licensing

3. Entrepreneurship Definition? Often difficult to specifically define….
Usually identified with something to do with:
Opportunity
Risk assessment and management
Resource mobilization
Growth
Value creation
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

4. Entrepreneurship
University of South Florida Definition of Entrepreneurship:
“Value creation through effective opportunity recognition, opportunity assessment and opportunity capitalization”
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

5. USF Philosophy for Entrepreneurship Education
Teach and Emulate Core Principles and Values
Eliminate “Silo Effects”, Promote an Entrepreneurial Campus-Wide Culture of Innovation
Utilize Authentic Educational Content with Professional Mentoring
Encourage Experiential Learning through “Live-Case” and “Live Fire” Student Team-Projects
Require Interdisciplinary Team Learning, Leadership and Management
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

6. Interdisciplinary Nature of Life Sciences Entrepreneurship
Disciplines Represented
Business
Engineering
Law
Medical Fields of Study
Sciences and Agriculture
This course meets the criteria established for this competition….
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

7. USF Faculty Participation in Entrepreneurship Education Programs
College of Business Administration 3
College of Engineering 8
College of Health Sciences 4
Center for Entrepreneurship Total
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

8. Nature and Type of Traditional Life Science Educational Programs
Undergraduate
Graduate
Professional
Post Graduate
Interdisciplinary, team-based, real-time projects using constructivist, collaborative learning pedagogy
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

9. Length of Traditional Educational Programs
1-2 Years
2-3 Years
3-5 Years
Over 5 Years
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

10. Structure of Traditional Educational Programs
Loosely Structured
Moderately Structured
Highly Structured
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

11. Understanding Technology Entrepreneurship Frameworks For Life Sciences
Discovery
Proof-of-Principle
Innovation
Translation
Licensure
Strategic Partnership
Joint Venture
New Venture Formation
Commercialization
Prototype
Scalability
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

12. Fundamental Core Principles of USF Life Sciences Entrepreneurship
Interdisciplinary
Team-Based
Project-Focused
Value Creation
Technology Development & Commercialization
New Venture Creation and Job Creation
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

13. USF Life Sciences Entrepreneurship Education
Teach Entrepreneurial Skills and Behavior
Opportunity Recognition, Assessment & Capitalization
Dealing with Uncertainty, Ambiguity & Complexity
Risk Recognition and Management
Balanced Risk Taking
Recovery from Adversity and Failure
Leadership
Team Building & Team Management
Commitment
Value of Hard-Work
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

14. USF Life Sciences Pedagogy: Educational Principles
Collaborative Learning Mechanisms
Experiential Learning Environment
“Situated Learning”
Apprenticeship
“Community of Practice”
“Professional’s/Practitioner’s Art”
Education through Training Leads to Development of Enduring Life Skills
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

15. USF Life Sciences Entrepreneurship Pedagogy
Based Upon Constructivist-Learning Theory
Consistent Base of Information
Concerned with Prior Knowledge of Student-Learners
Structured to be Understood and Modified by Student Teams
Designed to Facilitate Exploration, and Elaboration by Both Student-Learners and Student Teams
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

16. USF Life Sciences Educational Program
Implemented with Collaborative Learning Framework’s Five Critical Elements:
Strengthens Positive Interdependence
Promotes Interaction Among Team Members
Requires Individual Accountability of Team Members for:
Active Engagement in Group Activities
Completion of “Fair Share” of Teams’ Work
Assisting Other Team Members in Learning Assessment and Demonstration of Competence
Encourages Group Self-Evaluation
Develops Leadership and Social Teamwork Skills
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

17. USF Life Sciences Educational Program
Utilizes Philosophy of “Zone of Proximal Development”
Provides Opportunities for “Situated Learning”
Allows Students to Become a Part of a “Community of Practice”
Encourages “Active Apprentice Engagement”
Increasing Levels of Responsibility and Skill
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

18. USF Life Sciences Educational Program
Uses Strong Consistent Learning Threads Throughout the Program’s Curricula
Promotes Development of Appropriate Entrepreneurial Behaviors of Learners
Applied to Development of Unique and Innovative Masters Degree Program-
“Entrepreneurship in Applied Technologies”
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

19. Application of USF Entrepreneurship Pedagogy
Direct Instruction
Indirect Instruction
Experiential Learning
Independent Study
Interactive Instruction
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

20. Strong Consistent Learning Threads
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

21. USF’s Interdisciplinary Life Sciences Entrepreneurship Educational Pedagogy
Applied throughout all entrepreneurship education and training programs
Applied across 15 entrepreneurship courses
Applied in both 4 course Graduate Certificate and 11 course Master of Science Degree :”Entrepreneurship in Applied Technologies” programs
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

22. Master’s Degree Program Entrepreneurship in Applied Technologies Eleven Courses:
Strategic Market Assessment
Intellectual Property
FDA Regulatory Compliance
Product Development
Entrepreneurship Strategy
Business Plan Development
New Venture Formation
New Venture Financing
Internship
Ethics
Research Fundamentals
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

23. USF’s Interdisciplinary Life Sciences Entrepreneurship Educational Pedagogy
Nine Years (1997 – 2006)
15 Courses
(From 3 to 15 Individual Courses)
36 Classes
(from 3 to 36 Course Offerings)
880 Students
(from 40 to 880 per year)
135 Student Team Projects
(from 14 to 135 per year)
25 New Ventures
(from 0 to 8 per year)
Will discuss each of these metrics in the following slides
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

24. Outcomes-New Ventures
New Technology Venture Opportunities Evaluated: 36
Potential New Ventures:33
(3 Projects from Prior Ventures)
New Ventures Formed:21
(10 Licensure Opportunities-Not Appropriate for New Venture Formation)
(1 Further R&D, 1 Technology Failure)
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

25. Outcomes—Education Students:
National and International Competitiveness
Stanford University BioDesign Innovation Fellowship
Swiss Institute of Technology—Zurich
University of Miami and Florida State University Schools of Law
Many multi-national companies (Accenture, Goldman Sachs, Morgan Stanley, Millipore, etc.)
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

26. Outcomes—Education Program Level: National and International Model
National Consortium for Life Sciences Entrepreneurship (NCLSE)
United States Association for Small Business and Entrepreneurship (USASBE)
University of Paris, University of Glamorgan
ISTEC
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

27. USF Entrepreneurship Website
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

28. Acknowledgements Dr. Robert Forsythe, Dean, COBA
Dr. Steven Klasko, Dean, COM
Dr. William Marshall, Associate Dean COM
Dr. Paul Givens, Associate Dean COE
Dr. Greg Henley, CFE
Mr. Stephen Budd, CFE
Students of the USF Entrepreneurship Program
USF & Moffitt Cancer Center Faculty and Staff
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

29. USF’s Interdisciplinary Life Sciences Entrepreneurship Educational Pedagogy
Dr. Michael W. Fountain
Will discuss each of these metrics in the following slides
Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019

30. Questions? Technology Entrepreneurship For The 21st Century TM
USF Center for Entrepreneurship
2/23/2019