Intake:

Ongoing

Location:

Online

Duration:

4-months

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.

Man giving training online

Goals & Objectives

What will you gain?

  • Ensure product-market fit and business readiness 

  • Optimize your clinical validation pathway

  • Learn about the different types of IP for life sciences ventures and build your IP strategy

  • Familiarize yourself with regulatory requirements and processes for regulatory bodies in Canada and the USA

  • Connect with industry-experienced coaches, investors, essential ecosystem support organizations & service providers for life science innovation commercialization

  • 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.

First cohort of LSVC Program
Summit Baht Conlis Global CEO & Founder