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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: Christopher Bannochie

Duration: 1:30 pm - 4:30 pm

Pres Time Pub # Presentation Title

1:30 pm Introductory Remarks

1:40 pm 1 Nexus of science and business: What a scientist must know to be successful in a

scientific enterprise

Sadiq Shah

2:10 pm 2 Chemists as economic engines: Preparing students for the business world

Douglas N Arion

2:40 pm 3 Business skills: The missing link between students and entrepreneurs Monica

Berrondo,

3:10 pm Intermission

3:25 pm 4 Business training for technical students

Daniel T Daly

3:55 pm 5 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 - amindset 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 problemsolving 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.