IBUS 6997: Global Medical Valuation Lab
Graduate Global Enrichment in Stockholm, SwedenProgram Dates:
Applications for spring 2027 are now open! The priority deadline is October 15 at noon.
Travel Dates: May 18 – 28, 2027
Pre-departure class sessions in Spring B-term: TBD
Program Details
Innovations in medical technologies are one of the leading areas of economic growth in the world. Whether new technologies take the form of pharmaceutical, medical device, biotechnology, information technology of some combination of these innovations, the opportunities for both private enterprise and social welfare are substantial. However, these innovations are not without cost, and require reimbursement from either a privately or publicly financed health care delivery system to enter the marketplace. Thus, the strong demand for the valuation of new medical technologies continues to grow due to the confluence of an aging society seeking new therapeutic agents to enhance health and productivity and unyielding medical care price inflation.
This course is offered as a collaboration between the Carlson School of Management and the Stockholm School for Entrepreneurship (SSES) and Karolinska Institute in Stockholm, Sweden. The program is a mix of class sessions, research, site visits, and group work. This lab is geared to provide participants with an opportunity to work in cross cultural teams with students from two universities on a valuation project.
The course is designed to: increase students' ability to work in diverse teams; help students develop a more robust understanding of how to evaluate a new technology or service from a global perspective; and increase students tolerance for working through ambiguous situations.
Students participating in this class gain resume quality experience working on a live project, increasing their knowledge of the business environment in Northern Europe, and developing life-long friendships with fellow students.
"The Global Medical Val Lab in Sweden was the highlight of my graduate experience and allowed me to finish my graduate degree with the most professional and applicable class I've ever taken." - Henrik, 2026 MBA Participant
This immersion portion of this class will take place in Stockholm, the capital of Sweden. The city of one million people is the cultural, media, political and economic center of the country. Stockholm provides a dynamic environment for examining how new medical technologies move from innovation to the marketplace.
The program’s collaboration with the Stockholm School for Entrepreneurship (SSES) and Karolinska Institute provides students with direct access to Stockholm’s renowned entrepreneurial and medical innovation community. Working alongside students from partner universities, participants will form cross-cultural teams and tackle a live valuation project focused on a new healthcare technology or service, and learn about applied entrepreneurship. This experience allows students to examine how innovations are evaluated from both business and social perspectives, including the economic forces, healthcare systems, and reimbursement considerations that influence whether new technologies can successfully reach the market.
Accommodations
Students are housed at a conveniently-located hotel and will share a room with a classmate of their choice. Single rooms are an option for an additional fee. Guests are not permitted during the program.
Meals
Breakfast will be provided daily at the hotel. A welcome meal and a closing meal are provided. Students with dietary restrictions are expected to research and be prepared for their time abroad.
- Four graduate elective credits
- Grading is A-F basis
This program is open to Minnesota Carlson graduate students in good academic standing, with a minimum GPA of 3.0 at the time of application. The application process may be competitive. Meeting the minimum requirements does not guarantee acceptance.
U.S. citizens will need a valid passport to travel to Sweden. If you already have a passport, you need to check the expiration date and confirm that it is more than seven months after the program ends. If you do not have a passport, or your passport needs to be renewed, you will need to apply for one immediately upon confirmation.
A visa is a document that proves that travel into a particular country has been approved by their governing body. U.S. citizens do not need a visa to enter Sweden.
Non-U.S. passport holders should check with the Swedish consulate regarding visa requirements and fees. If you carry a passport other than a U.S. passport and are required to carry a visa into Sweden, you will be responsible for securing your visa; you will work closely with the Program Manager to make sure you have any University-specific documentation that you need.
To apply, please visit the Apply page. Students will be charged a $50 application fee.
The application cycle starts in September and the priority deadline is October 15 at noon.
Applications for programs that do not fill by the priority deadline will be accepted on a rolling basis until full. Priority deadline applications will be reviewed and students will be informed of their status seven to ten business days after the deadline.
Most financial aid may be applied to study abroad. University of Minnesota students are eligible for education abroad scholarships. Please see Financial Aid and Fellowships webpages for more information including deadlines.
- Up to 20 University of Minnesota Carlson graduate students.
There will be three 3-hr pre-departure classes during Spring B-term.
This course will be taught by Dane Stimart, Senior Lecturer at Carlson School on Management, and Founder and Principal of Finnitsea Enterprises.
The pre-departure classes are a fundamental component of the curriculum. These pre-departure classes provide both lecture and guidance on pre-departure information, as well as project team time.
In order to be eligible to participate in the international portion of this class, students must maintain satisfactory academic performance as determined by the instructor. If your academic performance prevents you from participating in the international component of the course, you will not receive a refund of the program fee. Please bring any concerns about this directly to the Program Manager.
- Departing for a morning academic or company visit ~8:00 AM
- Lunch break on your own
- Afternoon programming
- Most evenings free after ~5:00 PM
- 10–30 minutes of walking at a time, multiple times per day
- Occasional public transportation (10–40 minute rides)
This is an active, immersive program designed for graduate business students. Days are full but balanced, combining company visits, dedicated group work time cultural experiences, and neighborhood exploration.
Daily Schedule
Walking & Transportation
Overall Pace
The program is moderately demanding but manageable. Expect steady movement throughout the day and full engagement in professional settings. Comfortable walking shoes and flexibility in busy urban environments are essential. If you are comfortable walking several miles per day in an urban environment, you should be well-prepared.
Evenings are generally unscheduled, providing time to rest, explore, or connect with classmates. There will be at least one full free day in Stockholm for independent exploration.
Cost
Fees are based on estimates and may change due to international economic factors.
*Calculated based on the 2026-2027 MBA (online/part-time/certificate) tuition rates. Students enrolled in another degree program will be charged the tuition rate for four credits associated with their degree program. Please see One Stop for more information about tuition and fees or contact us with questions.
| Program Expenses | Estimated Cost |
| Tuition for Four Academic Credits (not including collegiate, graduate student assembly, or transportation fees)* | $7,188 |
| Program Fee (includes program administration, international health insurance, housing, some meals, transportation to program activities) | $2,899 |
| International airfare to and from Minneapolis and Sweden | $1,800 |
| Passport and Visa expenses (based on prices for U.S. citizens) | $165 |
| Daily Living Expenses (includes incidentals, international data plan, laundry, local transportation, and other expenses not covered by the program fee). Does not include sightseeing and souvenirs. | $400 |
| Meals (lunches and dinners not included in Program Fee). Does not include alcohol | $800 |
| Total Estimate | $13,252 |