IST Cube: XBIO - Building a Biomedical Enterprise

You are an aspiring biotech entrepreneur? This 10 session course is designed to help you get started. We’ll get you together with peers and experts in the field and help you to develop your own ideas while explaining the basics of launching a biotech company.

Deadline to apply: March 28, 2023

We believe that the best form of engagement is to bring aspiring entrepreneurs together with founders and CEOs who have been through this. Also, this latter group, particularly during the first years into their venture, will benefit from learning and deepening their understanding of the various functional requirements for a biomedical company.

We offer a new program “Building a Biomedical Enterprise”, jointly with University Vienna, MedUni Vienna, Khan, INiTS and ISTA. It is designed for a period of 10 weeks and will guide participants from project conception to a first cut of their business plan and pitch deck.

Participants interested in founding a biomedical enterprise ideally have at least a rough idea about a technology and an unmet medical need they want to address. We also encourage potential co-founders with a business background to participate and use the program to find a venture to join or to deepen their understanding of the specifics of biomedical startups.

Program Components

  • Idea conceptualization and vetting
  • Introductions to the key functional requirements
  • Mentor matchmaking and teambuilding
  • Discussions of life experiences with founders
  • Support in:
    • Preparation of aws pre-seed application
    • Internship opportunities at Biomedical startups

The program is designed to be rigorous, we expect people to complete advance reading and dedicate time to writing their business plan. The reward is also great, you will have at least a rough version of your business plan in hand, with valuable input from leading experts in the field. PhD students can earn 2 ECTS credits for successfully completing the course.


To get to know the day-to-day life inside a biotech company, the course includes a matching event for internship opportunities in the participating companies.


Academic researchers of all levels, as well as early career professionals who are toying with the idea of founding or joining a biomedical company.


Candidates interested in participating are invited to submit an application (see application form). The application deadline is 28 March 2023.

The course is free of charge for members of supporting institutions (ISTA, University of Vienna, Medical University, INiTS, wingsforinnovation, KHAN, IST cube).

For candidates beyond these institutions, there is a participation fee of EUR 1,500.-. Stipends for exceptional participants are available. Please apply to discuss details on your stipend eligibility.

Additional information is available here:


TWIST Research Transfer & Development GmbH
Am Campus 1 / 3400 Klosterneuburg / Austria
+43 (0) 2243 9000 1140

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