Medical Industry Valuation Lab

The Medical Industry Valuation Lab provides students with interdisciplinary and experiential learning opportunities. Students work in cross-functional teams to conduct market assessments for new medical innovations, evaluate new medical product ideas, and streamline the time to market.

A Valuable Hands-on Experience

Group photo of the Global Medical Valuation Laboratory at the Carlson School of Management

The valuation process involves multiple stages, from assumptions to validations, verifications, challenges, and proposed solutions. This dynamic experience helps students develop a more robust understanding of how to evaluate new technology or service from a global perspective, and help prepare them for leadership roles in an ever-evolving medical industry.

At the end of the 10-day program and intense intellectual inquiry, students prepare client presentations and recommendations for faculty and inventor critique.

The Medical Industry Valuation Lab also provides industry innovators with a top-to-bottom analysis of their medical innovation and its prospects in the market.

In addition, the Medical Industry Valuation Lab is a cross-cultural experience in which students can hone the intercultural skills they have been developing throughout the course of this global program. Students can choose from various global locations, currently including Minneapolis, Palo Alto, Shanghai, and Stockholm. This robust capstone experience is an opportunity for students to explore and network in a foreign city and make lifelong connections with their peers.

Valuation Process

Students will conduct market assessments for new medical innovations in the Medical Industry Valuation Lab, helping evaluate new medical product ideas and streamline the time to market. Working alongside world-renowned faculty, you’ll bring your expertise in market evaluation, industry problems, and cutting-edge policy conversations to the team.

 

Valuation Lab Process: 1) Client submits project for valuation; 2) Multi-disciplinary project teams formed; 3) Five-week turnaround time for complete valuation; 4) White paper and presentation delivered to client; 5) Feedback technology developer

Valuation Components

Through innovative training and industry-specific courses, students will gain knowledge, experiences, and hands-on evaluations of emerging technologies from all around the world.

  • Technology
  • Market size/potential
  • Competition
  • Intellectual property
  • Regulatory analysis
  • Technical evaluation
  • User evaluation
  • Finance/reimbursement
  • Recommendation

Medical Valuation Lab

Hear from Steve Parente, the director of the Medical Industry MBA, and Thom Gunderson, a Valuation Lab council member, during a virtual Q & A session they held about the Medical Valuation Lab with four alumni.

"These lab experiences were pivotal to my career change and ability to lead due to their on-the-ground engagement in different markets and cultures with real-world clients and teams."

Stimart
– DANE STIMART, Global Upstream Marketing Manager, Medtronic and ADJUNCT LECTURER, CARLSON SCHOOL OF MANAGEMENT
Global Medical Industry MBA