Program Details
This 4-month program was developed to support Canadian entrepreneurs in the life sciences from TRL level 3 and above with the commercialization of their technologies.
The Life Sciences Venture Coaching program includes three synchronous online workshops. Entrepreneurs will also receive one-on-one sessions with a dedicated coach who can offer personalized expertise and support. At the end of the program, each company will have the opportunity to pitch their innovations in-person at Life Sciences Week Innovation Day in Edmonton.
Goals & Objectives
What will you gain?
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Ensure product-market fit and business readiness
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Optimize your clinical validation pathway
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Learn about the different types of IP for life sciences ventures and build your IP strategy
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Familiarize yourself with regulatory requirements and processes for regulatory bodies in Canada and the USA
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Connect with industry-experienced coaches, investors, essential ecosystem support organizations & service providers for life science innovation commercialization
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Get personalized recommendations for the services and opportunities available
Curriculum
Each module targets a specific challenge, helping you navigate the complex journey towards successful commercialization.
Module 1
Building a strong foundation for your life science venture
June 25, 2024
Session 1A: Get to know your peers
- Company Cohort Introduction (2 min presentations)
- Program information
- Cohort networking
Session 1B: Business fundamentals
- Business model
- Pitching and presentation
- Non-dilutive, dilutive funding, and SR&ED
Module 2
Ensuring product market fit and business readiness for success
July 30, 2024
Session 2A: Product-Market Fit
- Market Research for Product-Market Fit
- Identifying target market concepts – TAM, SAM, SOM
- Competitor analysis
- Understanding market needs
- Addressing the questions: Who uses, pays for it, who decides, and who profits?
- Reimbursement Strategy and Monetization
Session 2B: Business Readiness (concepts of shareholder agreements, cap table, funding sources, non-dilutive and dilutive funding)
- Value proposition
- Go-to-Market strategy
- Cap table and comparables
- Identifying stakeholders
- Canadian case study
- Exit strategy
Module 3
Regulatory and IP requirements for an effective life sciences venture
August 27, 2024
Session# 3A: Regulatory Compliance & IP
- Regulatory pathway
- Compliance (HIPAA, HIA, and PIPEDA)
- IP protection
- legal agreements
Session# 3B: Validation and Clinical Trial
- Validation services and programs
- Clinical trial development
- Communicating your scientific research
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Module 4
Pitching to life sciences investors
September 24, 2024
On Innovation Day in Edmonton during Life Sciences Week, venture companies will have the opportunity to pitch and showcase their innovations to a targeted audience, gaining access to potential funding, networking with key industry players, and receiving valuable feedback to help accelerate the growth and success of their life sciences innovations.
Eligiblity
- Life Sciences Companies:
- In the Conceptualizing to Validating stages
- Incorporated in Canada
- Located anywhere in Canada!
- Minimum Technology Readiness Level of 3
- Ventures in the following fields are encouraged to apply:
- Pharmaceuticals & Therapeutics
- Natural Health Products
- Diagnostics
- Medical Devices (including Software as a Medical Device)
Hear from past participants
“As an Alberta-based life sciences company, we faced challenges finding support until we discovered API’s Life Sciences Venture Coaching Program. With their expertise, the program offered targeted guidance and connected us with seasoned mentors in our product development domains. API has played a crucial role in our success, and we’re grateful for the invaluable support from their Venture Coaching Program.”
Sumrita Baht, CEO & Founder, Conlis Global Inc.
