Entrepreneurial finance course for Biomedical innovators

NIH's National Institute of Biomedical Imaging and Bioengineering (NIBIB) has released a free, online course series on Entrepreneurial Finance for Biomedical Innovators. The courses present biomedical entrepreneurs with a detailed framework for building a step-wise, validated financial plan. Moving beyond the short-term perspective of immediate financing needs to a comprehensive, long-term financial plan will increase the probability of success for your venture. The primary learning objectives for this course are as follows:

• Understand the importance of financial planning for your small business
• Gain perspective on SBIR/STTR funding within the broader context of your financial plan
• Learn practical approaches to developing a long-term financial plan
• Evaluate the various sources of funding
• Examine the use of comparables in validating your financial plan

The course is presented in a series of five sequential videos. The video modules and course details can be found below.

• Module 1: Introduction to Financial Planning
• Module 2: Assumptions and Personal Needs
• Module 3: Building the Financial Plan
• Module 4: Sources of Capital
• Module 5: Exploring Comparables

For more information on the series, visit the NIH NIBIB course page.

Image source: NIH/NIBIB

Image caption: Rana K. Gupta, Director of Faculty Entrepreneurship at Boston University, is the course instructor.