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Atlas didn’t end up backing Relay, but the firm introduced Greenwald to a group of investors that poured several million dollars of seed funding into Relay.
While templates and samples can be helpful, the key to a good plan is making your own argument—for your unique business—as convincingly as you can.
Don't be constrained by hewing too closely to what others have done. Get feedback on your idea in the fall, prior to the start of the Business Plan Contest.
The course has grown to about 70 enrollees and auditors this semester, up from about 50 in years past, but she’s never had to turn students down due to space constraints. Duke and MIT, for example, have courses designed to teach aspiring entrepreneurs strategies for starting a new venture in the life sciences.
Greenwald has taught an entrepreneurship course at Tufts and Johns Hopkins University that he modeled after Sato’s course.
Receive funding for your start-up for hypothesis testing.
Harvard Business School Business Plan
They leave with the connections and know-how to break into the ranks of ascendant biotech royalty.Some have inked lucrative partnerships or sold part or all of their companies, bringing their investors — and themselves — a windfall. They can propose their own projects, or choose from those presented by scientists that Sato brings in from local academic labs and the technology transfer offices of Harvard and the Partners Health Care hospital system. Just hours after he completed the course in 2011, Schrader met up with three of his classmates to talk about trying to move forward with the business plan they had just finished for a silk-derived protein polymer.With Sato’s input, they fine-tuned their business plan.A longtime ballet and ballroom dancing enthusiast, Sato wore her dark hair short and was dressed elegantly.Sato and her co-professor, Gary Pisano, bantered back and forth as they planned how to frame the afternoon’s conversation. The hard choices made in 2003 by a familiar biotech executive The course ends with a poster session where students present their projects to a who’s-who of the Boston-area biotech scene: investors, pharmaceutical executives, biotech entrepreneurs, and alumni.Among those presenting next month will be Isaac Stoner and his team.An MBA student at MIT Sloan School of Management, Stoner has high hopes for the science at the center of their business plan: a cellular pathway, discovered in a Massachusetts General Hospital lab, that could yield new treatments for drug-resistant infectious diseases.She helped them get a meeting at the National Institutes of Health and gave them suggestions for people to talk to at biotech companies.Their business plan turned into Vaxess Technologies, where Schrader is chief executive.a data analytics startup that provided competitive intelligence on the life sciences industry.Sato introduced him to veteran venture capital investor Bruce Booth at Atlas Venture, to which she was then a business adviser.