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I-Corps @ NIH – Pivoting the Curriculum

Steve Blank

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses.

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Why Lean May Save Your Life – The I-Corps @ NIH

Steve Blank

The traditional model of how to turn scientific discovery into a business has been: 1) make a substantive discovery, 2) write a business plan/grant application, 3) raise funding, 4) execute the plan, 5) reap the financial reward. assess intellectual property and regulatory risk before they design and build.

Lean 269
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The 47th (-46) International Business Model Competition

Steve Blank

This startup search process is the business model / customer development / agile development solution stack. When founders discover their assumptions are wrong, as they inevitably will, the result isn’t a crisis , it’s a learning event called a pivot — and an opportunity to update the business model.

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Qualcomm’s Corporate Entrepreneurship Program – Lessons Learned (Part 2)

Steve Blank

Eventually Qualcomm did create a corporate incubator to handle projects beyond the scope of traditional R&D, yet too early to hand-off to existing business unit). I earnestly believe that large corporations should emulate Lean Startups (Business model design, Customer Development and Agile Engineering.)

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China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

Intellectual property protection is great on paper and “limited” in practice. Eventually, China’s innovation-driven economy needs intellectual property rights and anti-trust laws that are enforced. Filed under: China , Customer Development , Technology , Venture Capital. Entrepreneurial Culture.

China 323
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China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

Intellectual property protection is great on paper and “limited” in practice. Eventually, China’s innovation-driven economy needs intellectual property rights and anti-trust laws that are enforced. Filed under: China , Customer Development , Technology , Venture Capital. Entrepreneurial Culture.

China 215
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Get the Heck Out of the Building in Founder’s School: Part 2

Steve Blank

As in the first part of this series, I’m in good company – I’m joined in Founders School by Noam Wasserman of Harvard teaching Founder’s Dilemmas , Craig Wortmann University of Chicago covering Entrepreneurial Selling , Peter McDermott helping understand Intellectual Property , and Nathan Gold offering how to give Powerful Presentations.