Start-Up of a Medtech Company (SC)
An introduction to the entrepreneurial process involved in the start-up of a medtech company formed to commercialize a university discovery. The course will provide insight into the peculiar issues of the financing of a medtech company and will touch on the entrepreneur's evaluation of a scientific/commercial opportunity, business issues in negotiating and drafting a patent license term sheet, the key elements of the business plan, and developing and delivering a slide presentation to potential investors. Materials will include actual issued patents, selected peer-reviewed journal articles, and real-life documents related to the founding and financing of a medical device company. Students will deliver an “elevator speech,” and, working in teams, will negotiate a term sheet for a license agreement with the university, prepare an executive summary of a business plan (based on an actual business plan that is provided), and prepare and deliver an investor presentation.
*Yes means professor requires everyone in the course to submit a substantial research paper (which is the requirement standard in Academic Policies), so no paperwork required to be submitted to SRO. No means student must timely submit paperwork to SRO if intending to use a paper in this course to satisfy the Writing Requirement.
**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.