Business Navigator Life & Health Sciences Programme
Northern Ireland’s Life and Health Sciences is the fastest growing sector in the region. Consisting of diagnostics, therapeutics, med-tech and digital health is one of the highest value-generating sectors in the UK. However, its highly regulated nature, high development costs, validation, procurement and adoption barriers hinders growth in the sector as it is a long, costly process involving a complex network of stakeholders.
Led by talented scientists, often from an academic or clinical background, many life and health sciences companies have developed cutting-edge technology. However, challenges arise when strong technical skills need to be blended with equally advanced business acumen to successfully commercialise these technologies.
To address this market need, Invest NI has agreed to fund the Pilot Business Navigator Life and Health Sciences Programme in association with Queen’s University. Through partnerships with Ulster University and the Health Innovation Research Alliance Northern Ireland (HIRANI), this new life sciences leadership programme aims to combine business education with deep sector expertise and connections, providing a wealth of real-life examples to help companies with market positioning, global strategy and venture building.
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Invest NI Strategic Sector Focus Funding
The pilot programme is currently supported by Invest NI, subject to eligibility, 100% course funding may be provided.
Eligibility Criteria:
- Applicants must be employed by a NI Registered company
- The company must be registered with Companies House for 3+ years
- If an Invest NI supported company, Invest NI intervention principles and due diligence will be applied to assess eligibility
- If new to Invest NI, onboarding process will proceed any offer of support including Business and Individual Credit Checks
- Participant must confirm ability to fund US Study Visit costs Funding for the Programme will be administered by Invest NI and subject to De Minimis funding (Minimal Financial Assistance).
- Funding will be 100% from Invest NI subject to the MFA thresholds ‘business can receive up to £315,000 over a 3-year period.
Please note the deadline for applications on this programme is the 11th December 2024.
Due to high demand applicants are advised to apply as early as possible.
In the event that programmes receive a high number of applications, the Institute reserves the right to close the applications. Notifications to this effect will appear against the programme application page.
Key Takeaways and Benefits
Over 8 modules, this course lays out the professional development journey for technical innovators to learn the business behind life science venture building and put this to work within their own company to realise growth.
Over six months you will;
- Understand the strategic drivers of the life science industry and horizon scanning for sectoral business intelligence in a rapidly changing environment.
- Explore UK and global markets with a US study trip to meet and immerse with large US pharma or medtech industry and bio-pharma clusters.
- Review the opportunities to grow your business and chart a personalised growth strategy to align with your business.
- Build your peer network with facilitated support from business growth experts.
- Learn the fundamentals of venture finance, valuation, project management and managing risk, and bringing this together for effective bid writing.
- Life and health science business models: the benefits of using life sciences strategy, regulation and marketing to complement scientific R&D to position and propel innovation’s route to market.
Participant Profile
This programme is critical for life and health science business owners, founders, and senior managers who aim to achieve significant growth in their business.
Having attained tangible business traction since incorporation, you are ready to focus on business growth.
This programme has been co-designed by strategic growth experts at Queen’s Business School and life and health science industry specialists. The programme draws on business strategy literature as well as industry experts to deliver a practical approach to growing your business and radically change your outlook.
This programme promises to boost the motivation and strategic acumen of SME leaders in the health and life science industry, through the delivery of business knowledge and expertise as they embark on their new growth journey.
This is a 16 day in person, on campus learning programme.
Our Clinton Leadership Institute Learning Management System will support your learning throughout with videos, podcasts and reading materials.
PILOT PROGRAMME 2025 DATES
|
TIME |
MODULE |
DELIVERY MODE |
---|---|---|---|
17th January 2025 | 10:30-12:30 | Orientation | Online |
21st & 22nd January 2025 | 09:30-16:30 |
Module 1 - Life and Health Science Ecosystem |
On Campus |
5th February 2025 | Peer group session 1 | Online | |
12th & 13th February 2025 | 09:30-16:30 | Module 2 - Strategic Partnerships and Role Negotiations Day 1: Interactive life science role playing business simulation session. Day 2: What’s your USP? |
On Campus |
4th March 2025 | Peer group session 2 | Online | |
10th March 2025 | 09:30-16:30 | Module 3 - Finance and Commerce | On Campus |
20th & 21st March 2025 | 09:30-16:30 |
Module 4 - Life Science Innovation & Business Models |
On Campus |
27th March 2025 | Peer group session 3 | Online | |
7th & 8th April 2025 | 10:30-16:30 | Module 5 - Life Science Networking and conference Day 1: Group peer session Day 2: HIRANI Health-tech Spring Conference 2025 |
Titanic, Belfast |
16th April 2025 | Peer group session 4 | Online | |
14th May 2025 | 09:30-16:30 | Module 6 - Routes to Market | On Campus |
20th, 21st & 22nd May 2025 | 09:30-16:30 | Module 7 - International Study Trip to Boston, USA | Boston, USA |
4th June 2025 | Peer group session 5 | Online | |
18th & 19th June 2025 | 09:30-16:30 | Module 8 - Leading for Growth Day 1: Preparing for change Day 2: Future proofing your success |
On Campus |
25th June 2025 | 09:30-16:30 | Finale | Invest NI HQ, Belfast |
We have a range of package options to support your Senior Executive experience with executive coaching and mentoring. Please contact us directly to discuss your requirements. Please email: Sue.Burns@qub.ac.uk
QUB Executive Coaching Brochure