The Certificate in Entrepreneurship and Management

Science Skills. Business Savvy.

You know how to run an experiment. Can you run a business? [Photo of woman using a microscope.]

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Certificate in Entrepreneurship and Management

If you have the scientific skills to do groundbreaking research, we’ll help you develop the business savvy to bring your discoveries to market.

The Certificate in Entrepreneurship and Management (CEM) is a program for entrepreneurially minded MD students, DVM students, PhD students, and Post-Doctoral Associates in engineering, life sciences, and related disciplines who are interested in understanding the business, economic, and legal issues in scientific and high technical start-up ventures. Participants who have the scientific and high tech skills to do groundbreaking research will learn the business savvy needed to bring discoveries to market.

CEM students will learn the traditional ins and outs of entrepreneurship, such as creating a business plan, managing intellectual property, managing finances, marketing their busi­ness, and other skills related to entrepreneurial ventures. The CEM program consists of both classroom lectures on business fundamentals and experien­tial learning (modeled on the Kauffman FastTrac® TechVenture™ Program) by working in groups on specific innovations.

The experiential sessions will include “learning by doing” exercises based on the FastTrac TechVenture program for technical and life science entrepreneurs.  Below are experiential session examples:

  • Determining market opportunities and business strategies and pursuing them successfully;
  • Defining target customers;
  • Developing a solid marketing plan;
  • Learning to address and build a top management team; and
  • Calculating the funding needed at each stage of the business and discovering the best ways to access it.

Networking opportunities offer the chance to listen and mingle with the invited guest speakers about their personal experiences.  Many entrepreneurs recommend FastTrac TechVenture for the networking opportunities and the lifelong contacts they make.

The program faculty members are knowledgeable entrepreneurs with an in-depth understanding of growing a business.  They introduce the tools you need to evaluate your venture and find financing to build a sustainable business.

It is designed for doctoral students, post-doctoral students, practicing scientists, and academic professionals who want to have a basic understanding of the knowledge and skills necessary to meet the challenges of managing an academic or industrial laboratory group or business. 

The Kauffman FastTrac TechVenture course is one semester in length. Completion of the program offers possible internships to further the experiential learning proces.

Checks and departmental CFOPs are accepted; please make checks payable to the University of Illinois.  Please see application page and tuition page for more information, including scholarship and internship information.