Trainees interested in starting businesses based on research outcomes will be able to participate in e@UBC’s Lean Launchpad program in their last year in the program, where trainees work with experienced mentors to explore intellectual property models, market ecosystems, test commercialization hypotheses, and develop business plans.
The Lean Launch Pad
The Lean Launch Pad (LLP) program is not a traditional class or workshop. It is more like a “science laboratory” coupled with a series of “What did we learn in the lab?” and “What should we do next?” classroom session. LLP is designed to engage participants in moving potential products out of the lab and into the market through talking to customers, partners and competitors, and encountering the challenges and uncertainty of creating successful innovations. The majority of the work is done in your laboratory, which is outside of the classroom. The laboratory is the “world” as defined by your customers; you are going to experiment on your customers.
The objectives of this program are to rapidly identify, evaluate, and develop potential venture opportunities. The sessions focus on customer identification, engagement, and business model optimization using techniques based on the Lean Launch Pad model developed by world-renowned entrepreneur Steve Blank at Stanford University, and a structured business-model tool, the Business Model Canvas, to quickly test market opportunities and pivot to alternative models if necessary.