MILI Students & Fellows
- Course Description: Recognizing the mutual
benefits to be gained through this co-operative program, the Medical
Industry Valuation Laboratory seeks to produce medical innovation
valuations for University of Minnesota and State of Minnesota clients
for high value economic development and professional training purposes
using an interdisciplinary team of faculty, students and industry
- Course Objectives: By the completion of this
course, students will have acquired the skills to evaluate emerging
medical industry innovations. Specifically, the course will provide
students with the skill to:
- Succinctly summarize the nature of new medical industry technology or process design.
- Utilize the different skill sets of early career
professionals in diverse fields to evaluate the technical, business and
legal challenges of a prospective product or process.
- Understand how intellectual property rights for a new medical technology or process are researched for future projection.
- Use databases to size a potential market with the goal of
developing a go or no go recommendation for future product development.
- Complete a written and verbal effective return on investment analysis of a prospective new medical technology or process.
- Learning Outcomes: The outcome of this course is
for students to learn to succinctly evaluate the value of a new medical
industry technology or process by considering market size and potential,
intellectual property, and return on investment. In this course, teams
of students will complete a rapid production market analysis of
promising medical technologies and services to determine potential for
success in market. Students will gain exposure to University
innovations, venture firms, and inventors. The Laboratory will consist
of graduate students from Carlson, CLA, IT, Law, and AHC collegiate
Since 2009, MILI has successfully run the MILI Fellows Program. Each year 4-6
outstanding MILI students who have completed the Valuation Lab are selected to
work with the Medical Devices Center's Innovation Fellows in the College of
Science & Engineering. (Specifics about the Innovation Fellows
The Innovation Fellows are charged with the development of new products
during their year-long fellowship. The MILI Fellows work side by side with the
Innovation Fellows and provide the business case for these new products both in
the idea stage to triage likely products and during the development phase of
The MILI Fellowship does not carry a stipend and requires a
year-long commitment starting the beginning of September of each year. The
amount of time required of the Fellows varies throughout the year.
Current Fellows for 2011-2012
- Adrine Chung, Minneapolis Medical Research Foundation
- Justin Paur, NACS Inc.
- Jason Humphrey, Boston Scientific
- Beth Lindborg, University of Minnesota
- Kyle Spears, Medtronic
2010-2011 MILI Fellows
- Archana Balasubramanyam, Medtronic
- Shawn Espeseth , Boston Scientific
- Swayam Prabha , Perrigo
- Michelle Sotak, OptumInsight Life Science
- Ge Yan, University of Minnesota
2009-2010 MILI Fellows
- Jee Choih-Nieson, Haemonetics
- Bryce Meyer, American Medical Systems
- Cyrus Munshi, R & D Systems Inc.
- Oksana O'Neill, Target Corp.
- Matt Stoll, Minnetronix
- Juli Tidwell, Boston Scientific
If you are interested in the MILI Fellows Program please email Mike Finch ValLab@umn.edu, Medical Industry Valuation Laboratory Director.