Being able to communicate the value of your idea is critical to build interest, recruit a team, and most importantly, attract funding for your project. Revenue modeling and forecasting is far from an exact science, and the real benefit is derived from doing the work. The process of developing a financial model around your technology or company help you better understand the commercial landscape in which you will be operating.
Who should take this workshop:
Scientists, engineers, and clinicians interested in biomedical innovation
Investigators developing device, diagnostic, or therapeutic technologies.
Technology transfer personnel who work with investigators
What participants will learn:
How to build a revenue model using an excel template
Account for major expenses and development costs
Calculate risk-adjusted net present value (NPV) of your idea.
All participants are required to bring laptops to this workshop.