Course Details

Medical Innovation I

Medical Innovation is an interdisciplinary course that exposes students to the innovation process and teaches them many of the business, technical, teamwork, presentation and other related skills necessary to be successful in that process. In the context of simulating a startup healthcare company, students will experience the various stages of the innovation life cycle from ideation to prototyping, to legal protection, to business plan development, and, finally, to investor presentation. The course is offered as part of Northwestern University's NUvention program. The course involves students and faculty from four schools: Law, Medicine, Engineering, and Business. Students work in teams including at least one member from each school; each team operates under the supervision of an advisor. While learning about market opportunities in health care, value propositions, what investors are looking for, needs identification, regulatory pathways, reimbursement, and many other topics, teams are challenged to develop or identify a novel and viable product that solves an unmet healthcare need. Students will conduct research to uncover compelling clinical problems, generate ideas to solve those problems, and ultimately settle on the preferred solution. Next, teams create a tangible prototype of their solution and undertake the necessary steps to plan for commercial development. They investigate suitable legal protection and technology transfer issues, they prepare a plan for protecting and/or using IP, and they prepare a business plan. At the conclusion of the program, teams present their inventions and business plans to a panel of sophisticated potential investors and development partners. PRE-REQUISITES/RESTRICTIONS: JD and LLM students only Enrollment is by permission only

Catalog Number: PPTYTORT 641
Practice Areas: Intellectual Property Practice Area ,  Legal Skills Development
Additional Course Information: Class meets using University Calendar, Experiential Learning, Not a lottery course

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Course History

Fall 2021
Title: Medical Innovation I
Faculty: Gunn, Jonathan
Section: 1     Credits: 3.0
Capacity: 12     Actual: 12