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Course unit, curriculum year 2020–2021
BMT-86106

Health Technology and Life Science Business, 5 cr

Tampere University
Teaching periods
Active in period 1 (1.8.2020–18.10.2020)
Active in period 2 (19.10.2020–31.12.2020)
Course code
BMT-86106
Language of instruction
English
Academic year
2020–2021
Level of study
Advanced studies
Grading scale
Pass-Fail
Persons responsible
Responsible teacher:
Juho Väisänen
Responsible organisation
Faculty of Medicine and Health Technology 100 %
Common learning outcomes
International outlook and global responsibility
Core content
  • Introduction of health tech and life science industries
  • Business economics and business models
  • Legal aspects of partnering and finance
  • Entrepreneurial mindset and business thinking
  • Design thinking in Business
  • Go to market approaches
  • Entrepreneurial finance
  • Market analysis / How to structure a VC pitch
  • How to establish a company
Complementary knowledge
  • Goal is to introduce the key features of the global health tech, pharma, life science and service industries - key categories, trends and evolutionary paths, technological drivers and market drivers - and what kind of financial impact those have.
  • Goal is to introduce business economic models related to the industry, and what kind of business models are used. A business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts.
  • Goal is to introduce key aspects of legal contracts related to partnering, trading and financing ¿ some common practices and pitfalls. Since early stage companies are highly dependent of different kind of contracts (i.e. out- or in-licensing technology or raising funding) there is a need to understand what kind of legal expertise is needed while making contracts.
  • Goal is to provide insight what does it really mean to think entrepreneurially. The entrepreneurial process isn¿t only for start-ups, it¿s a comprehensive mindset that will teach you to identify, assess, shape, and act on opportunities in a variety of contexts, settings and organizations.
  • Goal is to provide insight how ¿design thinking¿ has become popular in many industries as both startups and established companies have tried to apply designers¿ problem-solving techniques to corporate innovation processes. But design thinking can be used also design business models and other commercial aspects
  • Goal is to provide insight go-to-market approaches or go-to-market strategies as plans of an organization, utilizing their inside and outside resources (e.g. sales force and distributors), to deliver their unique value proposition to customers and achieve competitive advantage.
  • Goal is to provide insight to ¿entrepreneurial finance¿ from the perspective of value and resource allocation applied to new ventures. It addresses key questions which challenge all entrepreneurs: how much money can and should be raised; when should it be raised and from whom; what is a reasonable valuation of the startup; and how should funding contracts and exit decisions be structured.
  • Goal is to introduce how to analyze market opportunities and how to transform a market opportunity to an investment opportunity into an early stage company. Typically, it is formed to a form of pitch deck and pitching presentation that are tools for introducing and investment opportunity for investors (including business angels, VCs, corporates).
  • Goal is to introduce what could be the most important cornerstone for establishing a new business/company and what kind of process it is. Planning a business in stages, and in the correct order, helps to ensure that you cover all of your bases and develop a solid business foundation.
Learning outcomes
Further information
Studies that include this course
Completion option 1
approved learning diary and assignment

Participation in teaching

25.08.2020 30.11.2020
Active in period 1 (1.8.2020–18.10.2020)
Active in period 2 (19.10.2020–31.12.2020)