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In this five-week online Futurelab course, entrepreneurs and biomedical professionals are introduced to the world of financing for novel medical interventions. The course provides a clear understanding of the most frequently used practices, terms and conditions and will benefit biomedical professionals that are involved in finance capital transactions.
Course content
Week 1.
Week 2.
Week 3.
Week 4.
Week 5.
Study time
You will be expected to spend approximately 5 hours per week for five consecutive weeks.
Online exam
Your understanding of the course material will be assessed by an online exam. You will need access to a laptop with webcam, a stable internet connection, a clean desk, and a private room. Participants will be monitored by a professional invigilator via webcam during the exam. To take part in the exam, you will need to use the invigilator’s exam program and clear your schedule for 1 hour to take the exam. Detailed instructions about the exam will be sent at the end of the course.
After passing the exam, you will obtain a Paul Janssen Futurelab Leiden certificate and will be eligible for the on-campus and on-campus extended courses.
Learning outcomes
- Understanding financial transactions. What are term sheets? Which immediate and future (non) dilutive funding requirements can be identified? How and when do I contact financial stakeholders such as angel investors, seed- and venture capitalists?
- Setting up financial accounting. How do I organize my accounting as a start-up company and what are the building blocks of the annual financial report?
- Getting your legal in order. Which legal documents are of importance in the finance transactions during the various stages of financing and what are the consequences for my start-up?
You will learn that a financial plan identifies critical milestones of the research- and product development stages, along which funding may occur. To deepen your acquired skills, realistic case studies based on various biotech start-ups are included in exercises to illustrate the complexity and dynamics involved in financial transactions.
Requirements
- A master’s degree in any subject related to biomedical science;
- Several years of relevant working experience.
As you have noticed this learning environment is pretty straightforward. Although we take great care to ensure the learning environment works on all browsers, Explorer may give suboptimal results (especially in video quality). Chrome, Safari or Firefox are recommended.
You can go back and forth in the course using the
buttons in the blue header of this learning environment. The next button is only active if all assignments of the topic are completed. The 
button in the header allows you to view the available course content at any time including reference to the topics you have already covered. At the bottom of each screen, you will find a 
button which enables you to ask for help -either with technical issues or course content related. You will be joined by other online course participants allowing you at specified times to interact and learn from each other. Use the 
button in the footer if you want to exit the learning environment.
During the course, you will at times be prompted to answer some self-assessment questions, perform and upload assignments and/or engage in online discussion by reflecting on your fellow learners assignment results. The scores of the self-assessments are not recorded. The self-assessments are included in this course for you conveniences to test if you comprehend the presented course content.
All videos in this course can be viewed with English subtitles. Press the CC button 
in the videoplayer to acces them. Some videos provide to option to naigate between chapters. Press this button 
to open the menu with all chapters. You will see each chapter marked as a dot on the videotimeline too.
Feel free to contact us by using the button in case you run into either technical problems or have course content related questions or issues.
This demo includes the course outline and several topics. Please have a look to see our learning platform and the way we like to teach online.
Activity
In the full course, you will see messages from your course instructor, uploaded assignments and comments from your fellow course participants.