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.]

CEM Home

Registration Information

CEM One-Year Program

  • Register for the CEM one-year program by September 1, 2014.
  • The CEM one-year program begins September 9, 2014
  • The Kauffman FastTrac TechVenture program begins January 10, 2015
  • Please see the registration page for more information.

CEM is a one-year program which includes the fall semester Certificate in Business course and the spring semester Kauffman FastTrac TechVenture course.

Kauffman FastTrac TechVenture Course

  • Register for the one semester Kauffman FastTrac Course by December 12, 2014.
  • please see the registration page for more information.

The one-year CEM program is recommended.  Students are also offered the one semester Kauffman FastTrac TechVenture course if they choose.

The CEM program is a collaborative effort between the College of Business and the Institute for Genomic Biology at the University of Illinois at Urbana – Champaign.

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.

The program is composed of about 60 contact hours.  It is offered for in two semesters, and 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 CEM program consists of ten business fundamental lectures and twelve experiential sessions, and runs September–April. The Kauffman FastTrac TechVenture course runs from January-April. Completion of the program offers possible internships to further the experiential learning proces.

If this program is for you, please consider applying soon, space is limited. Application and payment deadline is September 1, 2014 for the one year program, and December 12 2014 for the Spring Semester Kauffman program.  To apply, visit the application page.  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.