University at Buffalo 1-3 credit Management and Policy
Firms that follow a hypothesis-driven approach to evaluating entrepreneurial opportunity are called lean startups. Entrepreneurs in these startups translate their vision into testable business model hypotheses, then test the hypotheses using a series of prototypes and minimum viable products to rigorously validate an innovation concept. Based on testing outcomes, entrepreneurs must then decide whether to proceed with their business model, pivot by changing some model elements, or abandon the startup. The student will be required to integrate the skills developed in previous courses and show tangible evidence of competencies in Life Science Entrepreneurship management by completing a project focused on rigorous hypotheses testing for a life science innovation.
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