Course Catalog and Schedule



NUVention: Medical Innovation I (HEMA-915-0)
1.00 Credit
TCE BidStats

Description:

**HEMA-915 is a two-quarter sequence course in conjunction with HEMA-916**

NUvention Medical is a two term, interdisciplinary course designed to give students the experience of being an innovator and entrepreneur in the world of medical devices and health information technology. Students form teams and each team conceives of or identifies an innovative new product or service that meets an existing market need and develops a prototype and a plan to commercial the product or service. A primary goal of the course is to help students understand and work through the challenges facing a new business in the area of medical technology. Students from Feinberg School of Medicine, McCormick School of Engineering, Pritzker School of Law and Kellogg School of Management will participate in the course. Each team will have at least one student from each school. In the fall term, student teams will explore unmet market needs, understand market characteristics that are important to investors, conceive of or identify an innovative product with a convincing value proposition and “pitch” their idea. In the winter term, the teams will be expected to analyze the customer and influential stakeholders, formulate a commercialization plan and develop the appropriate regulatory, intellectual property and reimbursement strategies. These will be incorporated into a comprehensive business plan and an investor presentation. Each team will also be required to develop and present a viable prototype. Both the fall pitch and final presentation will be made to a group of experienced health care executives and investors. Students who are interested in learning how to start a business in the area of medical technology are welcome to apply to the course. Knowledge of he health care industry is certainly helpful but not a requirement. It puts a premium on individual initiative, an interest in the health care industry and working effectively on a team with others from different disciplines. As part of the course, opportunities to observe clinicians (shadowing) and learn from experienced hospital manages will be available. To take full advantage of this, students will need to complete the necessary paperwork and gain the proper hospital clearances, a process that takes approximately 30 days. This process can start as soon as the student is accepted to the course and should ideally be completed before the first class. NUvention Medical is supported by leading health care companies represented by an advisory board. These companies provide financial assistance as well as valuable advice and feedback to the students and faculty. This collective effort results in a unique learning experience as well innovative new products.

To enroll in this course, permission from the instructor is required before registration. Students must take both the fall (I) and winter (II) quarter courses, in sequence, and will earn 2.0 credits after successfully completing both courses. Students in the 2 Year Full Time program and the Evening & Weekend program must have completed one full year. Students in the 1 Year program need to have completed the summer quarter.



Prerequisites:
None

Download Schedule Information
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Academic Year Term   Session Course ID Title Sec ID   Credits Syl Instructor Times Campus Location Mand 1st Exam
2017-2018 Fall 2017 10 Weeks HEMA-915-0 NUVention: Medical Innovation I 30 1 McNerney, Peter Hamilton Wed 6:00 PM - 9:00 PM Chicago N/A (Room TBA) N