MILI Valuation Lab Poster Wins MD/MBA Competition
Alum and current student presented at Association of MD/MBA Programs' conference.
MD/MBA alum Roy Bryan, Jr. and Blake Carlson (MD/MBA '12) claimed top prize in the Medical Poster Competition at the Association of MD/MBA Programs' Ninth Annual Conference in Lubbock, Texas. The poster, "Design Thinking in Medical Technology Transfer: The MILI Valuation Lab," bested entries from such schools as Wharton, USC's Keck School of Medicine, UC Irvine and the host school, Texas Tech.
The Valuation Lab, sponsored by the Carlson School's Medical Industry Leadership Institute (MILI), gives students the opportunity to analyze new medical innovations and help inventors realize the market potential of their inventions.
"The Valuation Lab is truly unique to Carlson and a one-of-a-kind experience for MD/MBA students to use both their clinical knowledge and business valuation skills simultaneously to facilitate the creation of new and innovative technologies," says Bryan, the University's second-ever MD/MBA graduate. "The national MD/MBA conference provided the perfect forum to share the Valuation Lab model and our experiences with other programs across the nation."
At the conference Bryan and Carlson showcased the Valuation Lab to students, professors, and healthcare industry leaders including the CMO of Dell and CIP of WellPoint.
"We received a very positive reaction to the poster," adds Carlson. "The director of the MD/MBA program at the Karolinska Institute in Sweden is now looking into developing a similar program."
Professor Stephen Parente, director of the Medical Industry Leadership Institute, has already seen the impact of Bryan and Carlson's conference presentation.
"In follow-up conversations with other MD\MBA program directors, they acknowledge Minnesota may have set a new bar for demonstrating how to truly integrate medical and management training so that the overall experience is much more than the sum of their parts," says Parente. "This award demonstrates clearly the value of a dual degree MD/MBA program."