Course Details

NUVention: Medical Innovation II
HCAK-616-0
1.0 CR
Elective
PASS / NO CREDIT
No
DESCRIPTION

**HCAK-615 is a two-quarter sequence course in conjunction with HCAK-616**

NUVention Medical is a two-term course designed to give students the experience of being an innovator and entrepreneur in the world of health care technology. Students form teams and each team conceives of or identifies an innovative new product or service and develops a prototype and a commercialization plan. Students from Feinberg, McCormick , Pritzker as well as Kellogg participate in the course with at least one student from each school on each team. In the fall term, student teams will explore unmet market needs, understand important market characteristics, conceive of an innovative product with a convincing value proposition, explore many of the challenges facing health care and “pitch” their idea. In the winter term, the teams will validate the customer and stakeholders and explore different revenue models, sales and distribution channels and sources of capital. Each team is required to develop a full investor presentation backed up by a business plan and a viable prototype. Both the fall pitch and final investor presentation will be made to a group of experienced health care executives and investors. After the fall term, students will be given the choice of whether or not to continue into the winter term and the faculty will decide which ideas are eligible to advance based on their business potential. All students with acceptable attendance and level of effort in the fall term will be permitted to continue whether their team’s idea advances or not, possibly necessitating some team modifications. Readings include text, industry articles and a few cases. Classes are held at the Law School, KGH, and the Ford design center. A number of classes will have guest speakers. Students are evaluated on the basis of both team and individual assignments with team assignments more heavily weighted. Grades will be awarded for each term separately. Permission from the student's school faculty representative is required to register. Students must complete the fall (I) quarter (HCAK 615) in order to be eligible for the winter (II) quarter (HCAK 616), and will earn 1.0 credit for each term completed. Students in the 2 Year Full Time program and the Evening & Weekend program must have completed one full year. Students in the 1 Year program need to have completed the summer quarter.
TRACKS
Entrepreneurship Pathway
Healthcare Pathway - Product
Healthcare Pathway - Provider
SCHEDULE SUMMARY
Winter 2023
CH
EV

CH (Chicago)
EV (Evanston)
DayTime
Evening
Saturdays
Popup
PREREQUISITES
Prerequisites:
All Students: HCAK-615-0