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Financing Biotech Innovation · LearnSpace
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Financing Biotech Innovation

Курс от Technical University of Munich (TUM)
Средний≈ 26.1 чАнглийский
О курсеНавыкиПрограммаПреподаватели

О курсе

To harvest the enormous potential of ground-breaking research in the field of biotechnology, large amounts of financing are needed. From the first lab results to a commercially viable product, many years go by, and much money is burned. Thus, financing is the key to making biotechnology innovations accessible to everyone. By the end of this course, you will have the confidence to talk to and convince investors to fund your endeavor. To do so, the course offers an introduction to financing and discusses the different motivations of those involved in financing. It will also enable you to evaluate different sources of financing. Moreover, it will establish an understanding of the challenges faced during the fundraising process, such as valuing a company, the legal aspects of an investment contract, or pitching your company to investors. Thereby, it will provide you with the confidence of managing the fundraising process and communicating your project effectively to any type of financial backer.

Навыки, которые вы освоите

Entrepreneurial FinanceMergers & AcquisitionsPresentationsFinancial AnalysisBusiness ValuationPrivate EquityNegotiationLegal RiskSales PresentationsFinanceReturn On InvestmentInvestmentsFundraisingBiotechnologyGeneral Finance

Программа курса

8 модулей · 214 учебных материалов

01Course Welcome8 материалов

Course Introduction

WelcomeВидеоIntroduction to the Technical University of Munich ВидеоThe Journey from Lab to MarketВидеоStructure of the Course & GradingЧтение

Before We Get Started

Учитесь у экспертов

Dr. Svenja Jarchow

Преподаватель курса

Financing  Biotech Innovation
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Обучение на Coursera

≈ 26.1 ч

8 модулей

Язык: Английский

Субтитры: Казахский

Часть программы вашего университета
Support & Discussion GuidelinesЧтение
Meet & GreetЧтение
Practice Quiz - Did you pay attention :-) ?Чтение
Practice QuizЗадание
02Basic Concepts of Financing26 материалов

Module Overview

What this Module is AboutЧтение

Introduction to Financing

Introduction to Start-Up FinancingВидеоFinancing Terms You Need to KnowЧтениеStaged InvestingВидеоInvestor Input: Staged InvestingВидеоThe Investor's PerspectiveЧтениеThe Investors' Perspective Part 1ВидеоThe Investors' Perspective Part 2ВидеоThe Entrepreneur's PerspectiveВидеоDilution explainedВидеоCalculating Company Value, Share Price and No. of SharesЧтениеBiotech Funding PropertiesВидеоPractice Quiz - What have you learned?ЧтениеPractice QuizЗадание

Financial Projections

Considerations Before Raising CapitalЧтениеExpensesВидеоRevenuesВидеоSimulated Peer Interview Task: Financial Planning ReflectionЗаданиеKey Performance IndicatorsЧтениеPractice QuizЧтениеPractice Quiz

Module Review

Wrap-Up of the Module ЧтениеModule Resources: Get the SlidesЧтениеGraded Assessment - AnnouncementЧтениеGraded AssessmentЗадание

Peer Assessment

Peer Interview Exercise: Charting the Roadmap – Milestones and MetricsВзаимная проверка
03Sources of Financing42 материалов

Module Overview

What this Module is AboutЧтение

Sources of Financing - an Overview

Introduction—Sources of FinancingЧтениеSources along Financing StagesВидеоTypes of EquityЧтениеInvestor Input: Challenges Biotech FinancingВидеоPractice QuizЧтениеPractice QuizЗадание

Early-Stage Sources of Financing

Founders, Family, Friends and FoolsВидеоPublic FundingВидеоPublic Grants for Biotech VenturesЧтениеCrowdfunding & CrowdinvestingВидеоAngel InvestmentsВидеоBiotech Angel InvestorsЧтениеPractice Quiz Instructions

Mid-Stage Sources of Financing

Venture CapitalВидеоExpert Input: What Differentiates InvestorsВидеоTop Biotech VC InvestorsЧтениеCorporate VC Investors and PartnershipsВидеоStrategic PartnershipsЧтениеPhilantrophy, Family Offices, Patient Advocacy GroupsВидео

Late-Stage Sources of Financing

Private EquityЧтениеPrivate Equity: Leveraged Buyouts (LBOs)ЧтениеPrivate Equity: Value DriversЧтениеPrivate Equity Investment ExampleЧтениеDebt FinancingЧтениеLoan Agreement & BondsЧтениеMezzanine Capital

Module Review

Module Wrap-UpЧтениеModule Resources: Get the SlidesЧтениеGraded AssessmentЧтениеGraded AssessmentЗадание

Peer Assessment

Peer Review Assignment: Choosing the Right Type of FinancingВзаимная проверка
04Funding Process37 материалов

Module Overview

What this Module is AboutЧтение

The Investment Process

The Investment Process—An OverviewЧтениеThe Investment ProcessВидеоPractice QuizЧтениеPractice QuizЗадание

Screening & Evaluation

Deal OriginationЧтениеScreening Criteria of InvestorsВидеоInvestor Input: What Investors Are Looking ForЧтениеWhat Investors Are Looking For: Dr. Sascha Berger (Partner TVM Capital—Life Science Venture Capital)ВидеоWhat Investors Are Looking For: Dr. Christoph Massner (Healthcare Investor at Earlybird Venture Capital)ВидеоSelecting an InvestorВидеоFounder Input: What to Look For in an InvestorВидеоDue DiligenceЧтениеPractice QuizЧтениеPractice QuizЗадание

Structuring

Legal DocumentsЧтениеTerm Sheet ExplainedВидеоEconomic TermsВидеоControl TermsВидеоTerm Sheet—further termsЧтениеTerm Sheet—HANDOUTЧтениеTerm Sheet Examples LinksЧтение

Post-Investment Development

Post-Investment DevelopmentВидеоFounder Input: Investor RelationsЧтениеFounder Input: Investor Relations (Dr. Marion Jung) | CEO ChromoTek GmbH, previously Investor at Earlybird Venture Capital)ВидеоPractice QuizЧтениеPractice QuizЗадание

Module Review

Module Wrap-UpЧтениеModule Resources: Get the SlidesЧтениеGraded Assessment ЧтениеGraded AssessmentЗадание
05Valuation & Value Creation38 материалов

Module Overview

What this Module is AboutЧтение

Firm Value & Valuation

What is Value?ВидеоValuation ChallengesВидеоKey Concepts Relevant for Venture ValuationЧтениеPractice QuizЧтениеPractice QuizЗадание

Valuation Methods

Overview: Valuation MethodsВидеоDCF Method: IntroductionВидеоForecasting Cash FlowsВидеоDiscounting & Terminal ValueВидеоExample DCFЧтениеExample DCF ExplainedВидеоEntity vs. Equity ApproachЧтениеCost of Capital CalculationЧтениеPractice QuizЧтениеPractice QuizЗаданиеValuation by Comparables: IntroductionВидеоMultiple Ratios—Some Key ConsiderationsЧтениеExample Valuation by ComparablesЧтениеExample Comparables ExplainedЧтениеExample Comparables ExplainedВидеоPractice QuizЧтениеPractice QuizЗаданиеThe VC Method: IntroductionВидеоExample Valuation using the VC MethodЧтениеExample VC Method ExplainedЧтениеExample VC Method ExplainedВидеоInvestor Input: How VCs Do ValuationsВидеоPractice QuizЧтениеPractice QuizЗадание

Valuation and its Consequences

Does Valuation MatterЧтениеValue DriversВидеоPractice QuizЧтениеPractice QuizЗадание

Module Review

Module Wrap-UpЧтениеModule Resources: Get the SlidesЧтениеGraded AssessmentЧтениеGraded AssessmentЗадание
06Pitching & Closing a Financing Round31 материалов

Module Overview

What this Module is AboutЧтение

Pitching to Investors

Pitch Deck vs. Business PlanЧтениеPitch Deck ContentВидеоSucceeding in Your PitchВидеоExpert Input: PitchingЧтениеPitching Advice: Dr. Christoph Massner (Healthcare Investor at Earlybird Venture Capital)ВидеоPitching Advice: Dr. Katrin Schmidthals (Co-Founder and VP Finance & Administration ChromoTek GmbH)ВидеоPitching Advice: Prof. Dr. Horst Domdey (CEO BioM Biotech Cluster Development GmbH and serial biotech entrepreneur)ВидеоPitch Deck TemplatesЧтениеPractice QuizЧтениеPractice QuizЗадание

Peer Assessment Graded

One Minute PitchВзаимная проверка

Negotiating with Investors

NegotiationsЧтениеPreparing for NegotiationsВидеоCore Negotiation ConceptsВидеоNegotiation TacticsЧтениеNegotiating Styles and ApproachesЧтениеCultural ConsiderationsВидеоComing Up: Expert Input

Review Module 5

Module Wrap-UpЧтениеModule Resources: Get the SlidesЧтениеGraded Assessment ЧтениеGraded AssessmentЗадание
07Exiting a Company28 материалов

Module Overview

What this Module is AboutЧтение

Exit: The Ultimate Investor Goal

Exit Options - An OverviewЧтениеWhat is a Successful Exit?ВидеоInvestor Input: What Determines a Biotech ExitВидеоTo Pivot or Pass?ЧтениеTypes of PivotsЧтениеPractice QuizЧтениеPractice QuizЗадание

Common Exit Scenarios: Trade Sale & Going Public

Exits in the Field of BiotechnologyЧтениеMergers and Acquisitions (M&A)ЧтениеInitial Public Offering (IPO)ЧтениеTrade SaleВидеоThe Trade Sale ProcessЧтениеFounder Input: A Founder's Perspective on an AcquisitionЧтение

Module Review

Module Wrap-UpЧтениеModule Resources: Get the SlidesЧтениеGraded AssessmentЧтениеGraded AssessmentЗадание

Peer Assessment Graded

Peer Assessment: Exit ExampleВзаимная проверка
08Summary & Goodbye4 материалов

Final Thoughts

Key Take-Aways from the CourseВидео

Closing Remarks

Thank You!ВидеоCongratulations! You’ve Completed the Course!ЧтениеClass Central Course Review & LinkedIn PostЧтение
Задание
Чтение
Practice QuizЗадание
Patient Advocacy Group Investment - An ExampleЧтение
Practice Quiz InstructionЧтение
Practice QuizЗадание
Чтение
Stock Market FinancingВидео
Founder Input: Financing StoriesЧтение
Founder Input: Financing Stories (Dr. Sylvia Wojczewski | BioSpring)Видео
Founder Input: Financing Stories (Dr. Erich Tauber | Themis Bioscience)Видео
Founder Input: Financing Stories (Dr. Manfred Gröppel | Immunic Therapeutics)Видео
Practice QuizЗадание
Convertible DebtЧтение
Investor Input: Term Sheet NegotiationsВидео
Legal CounselЧтение
Legal Counsel- Dr. Christoph MassnerВидео
Practice QuizЧтение
Practice Quiz Задание
Чтение
Advice for Negotiating a Good Deal: Prof. Dr. Horst Domdey (CEO BioM Biotech Cluster Development GmbH and serial biotech entrepreneur)Видео
Advice for Negotiating a Good Deal: Dr. Manfred Gröppel (Co-Founder of Immunic Therapeutics)Видео
Advice for Negotiating a Good Deal: Dr. Erich Tauber (Founder & CEO Themis Bioscience GmbH - acquired by MSD in 2020)Видео
Founder Input: rNPV Calculation (Gröppel)Чтение
Founder Input: rNPV Calculation for NegotiationsВидео
Further Resources: NegotiationsЧтение
Practice QuizЧтение
Practice QuizЗадание
A Founder's Perspective on an Acquisition: The Road to ExitВидео
A Founder's Perspective on an Acquisition: Advice on Preparing for an AcquisitionВидео
Advice on Preparing for an Acquisition: Staying with the Company after the AcquisitionВидео
Going PublicВидео
The IPO ProcessЧтение
IPO MarketsЧтение
Founder Input: Going PublicВидео
Practice QuizЧтение
Practice QuizЗадание