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Lean LaunchPad Courses

Fall Courses

In the Fall semesters Biomedship focuses on tech startups in the Life Sciences/Healthcare – Medical Devices, Digital Health, Therapeutics and Diagnostics.

Lean LaunchPad provides real world, hands-on learning on how to reduce commercialization risk in early-stage ventures. By getting out of the building and talking to over 100 potential customers and partners, teams rapidly:

  • Develop a set of hypotheses describing their assumptions regarding the business model for their proposed tech startup;
  • Define clinical utility and a distinct value proposition for their technology before investing significant time and money;
  • Understand the technology’s core and secondary customers, purchase influences, and best channels to reach and retain customers;
  • Learn the regulatory and reimbursement processes required for initial clinical sales and downstream commercialization;
  • Assess intellectual property and regulatory risk;
  • Identify key activities, resources and partners that would be needed to bring technology closer to commercialization;
  • Know the data that will be required by future partners and collaborators before doing the science;
  • Understand the most important associated costs and identify a revenue model;
  • Identify financing vehicles before they are needed.

Spring Courses

In the Spring semesters TE&LS (Technology Innovation and Entrepreneurship) focuses on tech startups in Engineering/Technology targeting consumer, commercial, and industrial markets.

Lean LaunchPad provides real world, hands-on learning on how to reduce commercialization risk in early-stage ventures. By getting out of the building and talking to over 100 potential customers and partners, teams rapidly:

  • Develop a set of hypotheses describing their assumptions regarding the business model for their proposed tech startup;
  • Define a distinct value proposition for their technology before investing significant time and money; 

  • Understand the technology’s core and secondary customers, purchase influences, and best channels to reach and retain customers; 

  • Learn the process required for initial sales and downstream commercialization; 

  • Assess intellectual property and regulatory risk; 

  • Identify key activities, resources and partners that would be needed to bring technology 
closer to commercialization; 

  • Develop a minimal viable product for testing and validation with early adopter customers;
  • Understand the most important associated costs and identify a revenue model; Identify financing vehicles before they are needed.

Lean LaunchPad Course Outcome

The outcome of the class is an investment-ready business model and commercialization plan for the idea or technology that the team has been exploring. Equally important is the experiential and evidence-based learning that will inform and shape the students’ ongoing translational research.

Team can continue their company formation and development at the Purdue Foundry. Teams with NSF funded research can apply, with their Faculty PI, to the National I-Corps Program.

Resources Provided

Teams accepted into the course have access to LaunchPad Central, a custom software platform to document their customer discovery process and connect with instructors and mentors; they are also provided a $3,000 NSF I-Corps grant to cover travel and prototyping costs.

Course Structure

Full 16 week course, 3+1 credit hours
Classes meet once every other week
Students should plan to committ 10-12 hours a week
Class mix: 8-10 triad teams of graduate students in Science, Engineering, and Management

Diagram of weekly class structure