Medical Industry Valuation Lab
MILI's Medical Industry Valuation Lab conducts rapid market assessments for new medical innovations.
Analyses per year, helping assess lifesaving ideas and streamlining the time to market for critical new products
Colleges at the University of Minnesota are represented giving students hands-on, real-world experience, with clients and inventors who want a top-to-bottom evaluation of their medical technology and its prospects in the market
MILI Valuation Labs
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.
MILI 6995 (2 cr.), MILI 6996 (10 cr. Enterprise alternative), MILI 6997 (4 cr. Bay Area Valuation Lab in January), IBUS 6997 (international Valuation Lab through Carlson Global Institute)
Global/Glocal Valuation Lab: Bay Area, CA (MILI 6997)
UPDATE: Typically, this program is held in the Bay Area, CA with home base in Palo Alto. Due to COVID-19, program travel has been cancelled.
In the MILI Valuation Lab, teams of students complete a rapid production market analysis of promising medical technologies and services to determine potential for success in a global market.
Course project work exposes students to innovations, venture firms and inventors.
The outcome of this course is for students to learn to succinctly evaluate the value of a new medical industry technology or process by considering market size and potential, intellectual property, and return on investment. The program is a mix of class sessions, site visits and group work.
Stockholm, Sweden Global Valuation Lab
IBUS 6997 - May/June
A strong demand for valuation of new medical technologies continues to grow not only in the U.S> but also throughout the globe.
This course is offered in collaboration with Stockholm School for Entrepreneurship (SSES) and Karolinska Institute in Stockholm, Sweden.
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 live project, increase their knowledge of the business environment in Northern Europe, and develop life-long friendships with fellow students from Carlson School and SSES.
Minneapolis, Minnesota Valuation Lab
MILI 6995 - Fall/Spring Semesters
In three project cycles over the course of a semester, the student teams and instructors tease out the intricacies of each innovation. 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.