Programs for Students
UM Ventures works to provide opportunities for students to participate in and lead real-world early-stage business ventures. Students engage in a variety of coursework and real work activities that foster experiential learning and offer practical experience.
The University of Maryland Ventures program and the University of Maryland Graduate School worked in partnership to create the Grid, an innovation space where students, entrepreneurs, faculty, and staff connect to bring innovative health and social impact ideas to life through education, early-stage funding, and programming.
Here, members of the UMB community will be able to mix with University startups, get help from UM Ventures staff working to launch new companies, and engage with on-site experts, including UMB entrepreneurs in residence, advisors with the Maryland Small Business Development Center, and faculty and students working in the University of Maryland Business and Intellectual Property Law Clinic.
The space will also be home to educational opportunities such as workshops, office hours, and programs and a degree program in health and social innovation, whose students will be able to concentrate in areas like life sciences, user experience, or science communication.
The Grid is co-located with the University of Maryland Ventures in UMB’s BioPark. Home to a vibrant education and co-working space, the Grid will also feature a coffee bar and café, operated by a local food startup, Culinary Architecture.
Click here for more information about The Grid.
Entrepreneurship and Innovation Network
The Entrepreneurship and Innovation Network (EIN) is a student run, grass roots initiative that aims to assemble entrepreneurial minded University of Maryland, Baltimore (UMB) students to create an ecosystem for innovation through interprofessional collaboration. We strive to embed the talent present within the UMB student body into the larger Baltimore area and BioHealth Capital Region entrepreneurial landscape through partnerships, networking, knowledge sharing and inspiration.
For more information about the Entrepreneurship Innovation Network, please visit: https://www.umbein.org/
For a listing of all EIN events, please visit: https://www.umbein.org/workshops
President's Entrepreneurial Fellowship
One of UMB’s top priorities is commercializing innovative technologies discovered by UMB faculty into new therapeutics, vaccines, diagnostics, medical devices, software solutions, and research tools. Successful technology transfer can improve healthcare around the world and create jobs in Maryland.
In FY 17, UMB licensed 40 technologies invented by its faculty to private companies, including nine new start-up companies.
The President’s Entrepreneurial Fellowship is a new initiative designed to give students from UMB and the Smith School of Business hands-on training and experience in commercializing health science discoveries made by UMB faculty. The Fellows will work together as an inter-disciplinary team to bring several of UMB’s most promising technologies to market.
The Fellowship is managed by UM Ventures Baltimore, which is part of the UMB Office of Research and Development. UM Ventures staff, UMB entrepreneurial faculty, and private-sector entrepreneurs will train the Fellows to evaluate technologies and market opportunities; identify funding sources and strategic partners; and develop business, legal and regulatory strategies. The Fellows will use this training to help UM Ventures commercialize UMB-owned inventions.
- Applicants must be enrolled in a degree program at the University of Maryland, Baltimore or the Smith School of Business for the duration of the Fellowship. Postdocs are not eligible.
- Fellows will work 200 hours - on average ten hours a week for twenty weeks.
- Approximately 20% of this time will be devoted to receiving training and mentoring. The balance of the time will be devoted to working on specific technologies.
- The schedule will be flexible to accommodate course work and other responsibilities.
- Fellow will be paid a $5,000 scholarship towards tuition.
- Five Fellowships will be awarded.
Applications must include the student's CV, a cover letter describing the student's particular qualifications and interest in the Fellowship, and at least one Faculty recommendation. If the student has a mentor/adviser, the recommendation must be from the mentor/adviser.
November 1, 2017: Applications Due at 5:00 PM
November 15, 2017: Fellowship commences
Fellowship Duration: 4 months excluding holiday breaks
Please submit applications, preferably as a single PDF document, to VPORD@umaryland.edu. Any questions may be sent to the same email address.
I-Corps is a National Science Foundation (NSF) Initiative to increase the economic impact of research and social entrepreneurship.
This course engages participants to explore their ideas and research deeply by talking to potential customers, partners and competitors and encountering the challenges and uncertainty of creating successful innovations. This workshop provides tools and guidance to help validate (or invalidate) a business model for maximizing the number people your research or concept impacts. Validated opportunities can be then be pursued by you or by teams from UMB or from the region and could be a startup, a large company, a non-profit or foundation, government, etc. This isn't a workshop about starting a company. Instead, it's structured coaching to help you better identify and validate opportunities where innovative research can make a scalable and sustainable impact.
The first cohort of I-Corps was piloted at UMB and lead by Dr. Dean Chang, Associate Vice President of Innovation and Entrepreneurship at the University of Maryland, College Park. The program is designed to be as convenient as possible for teams to attend. The kick-off was a half-day in-person event, followed by 10-20 customer discovery interviews and two 30-minute check-in meetings/calls scheduled at a times that are convenient for the participant. I-Corps is a campus-wide program jointly offered by the Graduate School and the Office of Research and Development.
Date and Location: TBD
If you're interested in being put on the waitlist or be alerted about future I-Corps workshops please visit: http://www.graduate.umaryland.edu/grid/For-Students/ICorps/
President's Student Leadership Institute (PSLI)
PSLI is a co-curricular certificate program designed to expose students to contemporary issues in leadership and professional development in order to prepare participants for professional leadership in a diverse workplace. Within PSLI, there is an entrepreneurship and innovation track where students can explore the work through revolutionary thought and design thinking. Students will learn foundational concepts of entrepreneurship and proven techniques for identifying and assessing opportunity, hypothesis testing, creating a prototype, funding, and much more. Through this course students will hone the skills they need to develop a new enterprise or discover how to pursue opportunities for growth within an existing organization. PSLI is an interprofessional program that creates opportunities for students in different fields to interact and learn from one another. This program will utilize a series of lunchtime seminars, discussions, and service opportunities to support the learning throughout the course of the academic year. Click here for more information.
Coursework - Entrepreneurship in Life Sciences - CIPP 980
This course is open to all graduate students and post-doctoral fellows. Students will explore the development of a life sciences start-up venture, and in some cases, begin to create their own start-up ventures. Students will learn how to assess the feasibility of a life science start-up venture, evaluate financial and market opportunities, explore the customer discovery process, author a business plan, and build financial projections. Students will discuss a wide range of issues of importance and concern to life science entrepreneurs and learn to recognize opportunity, assess the skills and talents of successful entrepreneurs, network with life science entrepreneurs, learn models and approaches that help them analyze entrepreneurial opportunities throughout their career. Successful life science entrepreneurs will highlight real world experiences in guest lectures.
- To learn methods to evaluate life science based technology and intellectual property as basis of new venture creation
- To study the knowledge, skills and attitudes required for entrepreneurship
- To evaluate market, operational and financial feasibility of venture formation
- To learn basic business planning and financial planning skills
- To network with life science entrepreneurs
- To provide students with the skills for identifying and analyzing entrepreneurial opportunities throughout their career
Statement of Confidentiality
Throughout the course, students will be exposed to proprietary information from other students, guest lecturers and faculty. All such information is to be treated as confidential. By enrolling in and taking part in this course, students agree not to disclose this information to any third parties without the specific written permission from students, guest lecturers or faculty as applicable. Students further agree not to utilize any such proprietary information for their own personal commercial advantage or for the commercial advantage of any third party. In additions, students agree that any advice provided by the instructor and any affiliated parties will not serve as the basis on any legal suit. Any breach of this policy may subject a student to academic integrity proceedings as described in the University of Maryland policies and procedures, and to any remedies that may be available at law. Receipt of this policy and registration in our classes is evidence that you understand this policy and will abide by it.
Register on the SURFS website at www.umaryland.edu/surfs
CRN Number 26474
- The Entrepreneur’s Guide to a Biotech Startup” by Peter Kolchinsky, PhD. Available free as a PDF.
- Articles and readings as assigned
- Interim assignments (5% per sub-item) 25%
- Concept submission (team)
- Market and competitive analysis (team)
- Regulatory, ethics and operations statement (team)
- Marketing plan (team)
- Financial statements (team)
- Business Plan (team) 25%
- Investor Presentation (team) 20%
- Class participation (individual) 10%
- Peer evaluation (individual) 10%
- Investor feedback (individual) 10%
Instructor - Rana Quraishi, PhD
Professional Background and Experience
Director of New Ventures UMB
- Create startups from appropriate University IP, develop business strategy and function as senior management at startups and obtain funding.
- Developed UMB’s New Venture Initiative (NVI) approved by Board of Regents
- Manage NVI team and consultants
- Maintain extensive relationships with major national venture firms, angel groups, and external innovation teams at pharma companies
- Run Presidential Entrepreneurial Fellowship program
- Senior Advisor at TCG Group, a premiere private equity firm focused on business development opportunities for its life science companies
- Principal at Conning Capital Partners/SwissRe an early stage private equity fund providing growth capital for entrepreneurial companies - served on Boards of several portfolio companies.
- CFO/senior advisor for Helicon Therapeutics, a start-up with assets contributed by Cold Spring Harbor and OSI Pharmaceuticals - developed business plan, obtained full funding for plan.
- Senior roles in acquisitions, treasury and risk at Standard and Poor’s, GE Capital, J.E. Seagram and American Express
- Authored “Market Demand Study for Commercial Biotechnology, Biomedical, and Bioinformatics Facilities in New York City” for New York City Partnership and Investment Fund.
- Taught Biochemistry and Genetics at Columbia University during PhD, subsequently guest lecturer at academic institutions
- PhD in Molecular Biology and Biochemistry - Columbia University, BA - Columbia (Barnard), Master Degree - Harvard University.