Building a commercialization plan is crucial for entrepreneurs in the life science industry as it provides a strategic roadmap for successfully bringing innovative products or services to market.

In this highly regulated and complex sector, a well-developed commercialization plan helps entrepreneurs navigate through various challenges such as regulatory approvals, market access, and reimbursement strategies. It outlines a clear path for translating scientific advancements into viable business opportunities, ensuring that the product meets both clinical and commercial objectives.

Part 1: Commercialization Plan Training

The Synapse finalists will receive training and guidance on how to develop a life science commercialization plan including market pain, solution identification, market opportunity, business model, implementation plan and resources required as well as competitive landscape, risk assessment and team profiles.

Speaker: Bernard Lim, Innovation Factory Expert Advisor.
Bernard founded a medical device company which he grew and led to a highly successful acquisition by a global pharmaceutical. As CEO, Board Chair and Director, he has led the growth of both start-ups and corporate multinationals spanning diverse industry sectors including biotechnology, diagnostics, medical devices, electronics and high technology across US, Canada and Europe.

Part 2: Commercialization Plan Training

The Synapse finalists will receive training and guidance on how to develop the financial component of your commercialization plan. This session will be led by RBCx.

Event Details

Location: McMaster Innovation Park – 175 Longwood Rd S Hamilton, ON L8P 0A1 (Conference Room BC)

This session is only available to the Synapse Life Science Pitch Competition finalists.

For more information about the competition please contact the Events Specialist, Hannah Fritchley at [email protected]