Medical Industry Valuation Lab
MILI's Valuation Laboratory provides industry innovators with a top-to-bottom analysis of their medical innovation and its prospects in the market. With collaboration between eight different college across the University of Minnesota campus you're getting more than just one area of focus.
In three project cycles over the course of a semester, the student teams and instructors tease out the intricacies of each innovation. As seen in Figure 1, the valuation process involves multiple stages, from assumptions to validations, verifications, challenges, and proposed solutions. Further, each technology is studied not only by that project’s team, but by other Valuation Lab students learning how to participate in technology development in consultant roles. This means each student gains familiarity and experience with up to 15 innovative medical technologies and each technology is given a multifaceted evaluation. After weeks of intellectual inquiry, the students prepare a mock client presentation for faculty critique, and as the project closes they give final recommendations to their inventors.
The Valuation Lab is an intense experience but it’s worth it for everyone involved. Faculty members put their industry knowledge and research to work and students gain dynamic experience that leaves them uniquely prepared for leadership roles in an ever-evolving industry.
"The Medical Industry Valuation Laboratory course is very helpful in promoting the growth of new healthcare and other enterprises in the State of Minnesota, which is extremely important, given that these businesses are a major source of good quality new jobs."
--Kevin Roche, JD, MBA