Medical Industry Valuation Lab
MILI's Medical Industry Valuation Lab conducts rapid market assessments for new medical innovations. Students in the course produce over 30 analyses per year, helping assess lifesaving ideas and streamlining the time to market for critical new products. The Valuation Lab has a wide audience, from students in eight different colleges at the University who want to gain hands-on, real-world experience, to clients and inventors who want a top-to-bottom evaluation of their medical technology and its prospects in the market, to recruiters looking for future employees.
Most classes don't begin with a boot camp, but the Medical Industry Valuation Lab isn't a “class”: it's an incubator for experience, insight, and transformation for inventors and students alike. Boot camp brings in industry experts to provide the Valuation Lab teams with current experience that will be critical in the analysis of new technology in the fast-paced and changing medical technology industry.
MILI's Valuation Laboratory brings together industry innovators in need of a top-to-bottom analysis of their medical technology and its prospects in the market; graduate students from Carlson School of Management, the College of Liberal Arts, the College of Science and Engineering, the Law School, and the Academic Health Center; and faculty with both academic credentials and practical industry experience.
We’ve helped companies and individuals from Minnesota, the nation, and around the globe. Let us help you in creating the medical industry’s next big thing.
What do Clients Receive?
- A rapid, 5-week production market analysis if their medical technologies and services to help determine the potential for success in the marketplace.
- A secure, unbiased market assessment of innovation.
- A broad scope of high-quality perspectives distilled into a market assessment.
- An in-person presentation that examines: intellectual property, market size, regulatory approvals, reimbursement requirements, and financial return.
Become a client!
Discover how your company or organization can benefit from the 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 colleges 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. 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.
MILI 6995 (2 cr.), MILI 6996 (10 cr.), MILI 6997 (4 cr.)
The MILI Global Valuation Lab - Bay Area, CA
MILI 6997 will be going on the road to the Bay Area, January 7 - January 17, 2020
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.
Applications for 2020 will open in September 2019