1. UAB’s Life Sciences Entrepeneurship Program David Anthony, danthony@uab.edudanthony@uab.edu UAB’s MBA for Scientists Lisa Schwiebert, lschwieb@uab.edu Doug Ayers, dayers@uab.edu

2. MBA for Scientists- Accelerated 1-Year Program www.business.uab.edu What is it? The MBA for Scientists is a full- time, traditional MBA program with a twist. The curriculum is structured in a way that allows students to complete the program in one year and includes specialized courses in Technology Commercialization and entrepreneurship.

3. The ILSE will achieve its mission via: Four ILSE Programs Overview

4. Target Audience Each semester, the ILSE will offer “Entrepreneurship and Venture Capital” MBA 690 to graduate students in the business, engineering, medical, and health administration schools. Academic Course Development

5. MBA 690 Academic Course Development From Idea to IPO: The Technology Venture The Technology Market Intellectual Property Tech Transfer Process Government Approval Process Market and scientific due diligence Business planning Venture capital finance Term sheets IPOs and M&A Entrepreneurship and Venture Capital MBA 690 Assignments IPD strategic plan Newco business plan Term sheet negotiation Entrepreneurship and Venture Capital MBA 690 Objectives Understand aspect of technology ventures Real-world experience in market and scientific due diligence Exposure to entrepreneurs and venture capitalists

6. MBA 690 Academic Course Development Beyond the Bench: Case Studies in Biotechnology Intellectual Property Tech Transfer Process Government Approval Process Market and scientific due diligence Business planning Venture capital finance Term sheets IPOs and M&A Entrepreneurship and Venture Capital MBA 690 Assignments IPD strategic plan Newco business plan Term sheet negotiation Entrepreneurship and Venture Capital MBA 690 Objectives Understand aspect of technology ventures Real-world experience in market and scientific due diligence Exposure to entrepreneurs and venture capitalists

7. UAB RF market & Scientific Due Diligence Intern Program Teams of three interns will be established to research the scientific and financial potential of each UAB RF intellectual property. Team members will have multi-discipline expertise. For example, Finance MBA, a molecular biology Ph.D. candidate, and and electrical engineering graduate student. The team will have 30 to 45 days to prepare a 15 to 20 page IP strategic plan. Components of the plan include: 1.Science/Health Problems 2.Substitute Products 3.The Innovation 4.Timeline to Commercialization 5.Business Model 6.Market Demand 7.Competitors/Licensee 8.Summary and Recommendations

8. Organization Structure Advisory Boards The ILSE will establish a Scientific Advisory Board and a Venture Advisory Board. The SAB will include senior faculty and investigators from UAB, and the VAB will include Birmingham VCs and entrepreneurs.

9. Summary Academic Course Development Prepare course outline Begin teaching in Fall ’03 Coordinate with Medical and Engineering schools Continue MBA-673 Product innovation Management Intern Program Recruit interns across campus Begin assignments Federal grant proposal Advanced Education Seminar Fundamentals of Pharmaceutical commercialization May 2 UAB RF Biotechnology fair October 5 New Venture Development Executive Director sits on UAB RF equity board meetings Assist UAB RF equity holding Explore creation of start-up venture fund