IDEAS for Business Plans for Students
“I came here with an idea and it was selected to be the case study to work on with a group of people. I really appreciated this opportunity to further develop what were only some good results of my thesis and to investigate whether it is a good idea to create a business based on that”. These are Xavier Bofill’ words, one of the 40 scientists, researchers, PhD students, postdoctoral fellows, and innovators from 15 countries in the European health care sector to take part in a transformational experience in active learning: the Innovation and Business Creation Summer School 2015.
The first half of 2015 was an eventful period for EIT Health, topped off with the very successful completion of this programme. We think the Summer School was a great event, full of inspiration, collaboration and the right kind of experience for bringing innovation to European healthcare. But you don’t have to take our word for it – watch this to get a glimpse of the Summer School and hear some student testimonials about it!
The students explain the ins and outs of the Summer School – how the first week was an opportunity to develop ideas, and during the second week, how they were asked to “forget about health, ” as one participant described, and “focus just on business.” The language of business, the foundations of entrepreneurship and business plan development, including project management and entrepreneurial financing, were all covered. As one student mentioned, these are topics that are not discussed at medical school, and are of real importance for those who want to make breakthrough changes in health care.
With its powerful and extensive network of partners and collaborators, EIT Health was able to bring in top scale guest speakers, including successful entrepreneurs and venture capitalists, to share and discuss their experiences. This also gave students a valuable opportunity to work with a coach and try pitching ideas to people who know first-hand what investors are looking to hear and how they want to hear it. Some students even had their business plans selected for review by the audience of experts. Opportunities like that, some students pointed out, are not easy to come by – and can make all this difference when trying to get your ideas out into the world.
By the end of the programme, participants knew how to develop creative ideas from their research into viable business plans and transform them into real products, services and policies for advancing health, and for economic, social and cultural benefit. They were eager to get back to their own countries to develop their knowledge and ideas even further.