PROF

R Daniel Libby Sunday, March 25, 2012 Oral Session

Location:

San Diego Marriott Marquis & Marina Room: Marina Ballroom F Cosponsored by: CEPA, SCHB

Organizers:

Lisa Balbes, Joseph Sabol, Christopher Bannochie Presiders: Duration: Pres Time Christopher Bannochie 1:30 pm - 4:30 pm Pub # Presentation Title Introductory Remarks

1:30 pm 1:40 pm 1 scientific enterprise

Nexus of science and business: What a scientist must know to be successful in a

Sadiq Shah 2:10 pm 2 Chemists as economic engines: Preparing students for the business world Douglas N Arion 2:40 pm Berrondo, 3:10 pm 3:25 pm 4 3 Business skills: The missing link between students and entrepreneurs Monica

Intermission Business training for technical students Daniel T Daly

3:55 pm

From the laboratory to leadership Gaylene Xanthopoulos

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4:25 pm

Concluding Remarks

1 - Nexus of science and business: What a scientist must know to be successful in a scientific enterprise

Sadiq Shah, Research & Sponsored Programs, CSU Channel Islands, Camarillo, CA 93012, United States

Chemists are engaged in creating intellectual property that is used to create products and services to meet certain needs in the society at-large. To successfully translate intellectual property into products and services, regardless of what the employment place might be, it is critical that chemists are aware of some basic business skills to achieve this goal. Knowledge of these business skills not only help to commercialize the intellectual property, but it also makes chemists valuable employees for a company or an academic institution, or as an entrepreneur. Thereby creating many more opportunities for career advancement, including starting a business as a possible career path. The presentation will also cover an interdisciplinary entrepreneurship course developed for students in an academic setting for credit. This course brought both science and business majors into one class to work collaboratively in teams.[p] 2 - Chemists as economic engines: Preparing students for the business world

Douglas N Arion, Department of Physics and Astronomy and Department of Entrepreneurial Studies, Carthage College, Kenosha, Wisconsin 53140, United States

A different, expanded mindset is needed to prepare chemistry students for the professional world - a mindset that is entrepreneurial and instilled with knowledge, skills, and attitudes suited to professional business environments. A number of education programs have been addressing this issue, but more campuses can implement business and entrepreneurial elements into their curricula. This talk will discuss a number of successful programs, and provide direction to resources available to help departments create and implement similar activities in their own institutions.

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3 - Business skills: The missing link between students and entrepreneurs

Monica Berrondo, Macromoltek, Baltimore, MD 21211, United States

Business skills are usually offered in formal classes at universities, through an MBA program or minor degree. These classes are often time consuming and focus on the skills necessary to lead an established company, rather than to start a new company. Some of the most valuable aspects acquired are the business contacts and interactions with like-minded people. Less formal classes that are available only focus on funding through venture capital firms. In the past few years, entrepreneurial career paths have become more popular. While universities continue to provide guidance for job searches, little guidance exists for alternate career paths, i.e., entrepreneurship and self-employment. The author recently started a company based on her graduate research and learned many lessons along the way. She will share her experiences and views on how universities can improve their entrepreneurial business education for chemistry and engineering students outside of formal classes.

4 - Business training for technical students

Daniel T Daly, Alabama Innovation and Mentoring of Entrepreneurs, University of Alabama, Tuscaloosa, AL 35405, United States

The skill set that one obtains while getting a Ph.D. in chemistry is very applicable to many problem solving situations and will serve one well in tackling most technical problems. However, the concept of meeting customers/clients in a business setting is not taught in most academic technical schools. Understanding customer interactions are largely social but your behavior will be judged by how well you demonstrate a firm understanding of the business backdrop. At the University of Alabama, the transitions from the laboratory to a business meeting is taught along with how to participate on projects

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with students from the business school, the law school and the chemistry and engineering departments. Students' teams work together on projects to add value to the intellectual property of UA, in which they are responsible for supplying the inventors with a business and legal assessment of the invention. These interactions model corporate teams in the way they work together to meet deadlines and project objectives with the hope of developing the interpersonal skills necessary to perform well in the business environment.[p]

5 - From the laboratory to leadership

Gaylene Xanthopoulos, The Leadership Edge Inc., La Jolla, CA 92038, United States

In today's world, being a brilliant chemist isn't enough. For more than 20 years, The Leadership Edge has provided training and consulting services to the life sciences industry. As a result of developing more than 3,000 scientific leaders from more than 300 life science companies and research institutions, partnering with the country's top life science associations, and consulting with those who invest in the industry, we see the world from your perspective. We know the pace. The pressure. The milestones. The brainpower. We also know that great science or technology alone doesn't make a great company. To turn an innovative concept into a business reality, you need leadership and commercial competence. In this presentation, we will share the key thoughts of industry leaders, the ways in which our programs have addressed these needs with measurable results and some of the most progressive ideas that have been implemented by our forward thinking life science companies and institutions.

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