Kerry Murphy Healey Center for Health Innovation and Entrepreneurship

Babson L-SPRINT: Accelerate the commercialization of your solution for substance use disorders

The National Institute on Drug Abuse (NIDA), part of the National Institutes of Health (NIH), awarded a grant to Babson College, the No. 1 school for Entrepreneurship, to facilitate the commercialization of innovative solutions for substance use disorders (SUDs).

Are you a researcher, scientist, engineer, or professional working on SUDs?

Do you have an innovative idea or solution for preventing or treating SUDs?

Are you an innovator, entrepreneur or business professional interested in commercializing solutions for SUDs?

If you answer “yes” to any of these questions, Babson L-SPRINT is for you with full scholarship!

Babson Life Sciences Entrepreneurial Product Development Immersion for New Technologies and Solutions (Babson L-SPRINT) consists of a five-day in-person workshop that leverages Babson’s signature Entrepreneurial Thought & Action® and a series of monthly virtual mentoring sessions to facilitate commercialization of innovative ideas and solutions for preventing and treating SUDs.

By the end of this NIDA-supported program, participants will be able to:

  • Understand the fundamentals of an SUD-based venture
  • Identify and address the challenges to commercializing new ideas and solutions
  • Develop strategies for effectively bringing solutions for SUDs to market
  • Know about and access resources to support development and go-to-market efforts
  • Create plans for getting buy-ins from stakeholders who are critical to successful commercialization of SUD solutions
  • Receive feedback from experienced faculty, professionals, and peers
  • Tap into the ecosystem of institutional and individual actors addressing SUDs
Why Babson College?

Babson College is the No. 1 school of entrepreneurship. It has maintained this prestigious position for over a quarter of a century.

What is NIDA?

NIDA is the National Institute on Drug Abuse and is one of the 27 institutes of the National Institutes of Health (NIH). Their mission is to advance science on drug use and addiction and to apply that knowledge to improve individual and public health. The National Institutes of Health (NIH), a part of the U.S. Department of Health and Human Services, is the nation’s medical research agency which makes important discoveries that improve health and save lives.

What’s included in this NIDA-sponsored Babson L-SPRINT program?

A five-day in-person workshop for accelerating the  commercialization of innovative solutions for substance use disorders; course materials; site visits, networking events with actors in the SUDs solution ecosystem; 8 months of monthly faculty-led mentoring meetings; travel to and from Babson College, housing accommodations, and meals.

Is there any cost to participants?

There is no cost to participants as the NIDA grant provides funding for scholarships. Every admitted participant gets a full scholarship.

What does the scholarship cover?

The scholarship covers program registration, tuition, workshop materials, housing accommodation, meals, and travels (ground, rail, and air).

What topics does the program cover?

Entrepreneurial Thought & Action,® design thinking, product and customer development, commercializing emerging technologies, entrepreneurial sales and marketing, entrepreneurial finance, entrepreneurial leadership, raising resources, and the art of pitching.

What is the schedule for the five-day in-person workshop?

Participants will arrive on a Sunday and have a welcome introduction dinner. The next five days feature workshop activities in 90-minute blocks with breaks. The program ends by 5 p.m. on Friday.

Where does the program take place?

Babson Executive Conference Center, 1 Snyder Drive, Babson Park, MA 02457. It is located within Babson College, Babson Park, Massachusetts.

Do I need a finished product/solution?

No.

Do I need to already have in place a team working on the innovative solution?

No.

Can I apply individually? Or as a group?

You may apply individually or as a group. If applying as a group, there is less likelihood of the whole group being accepted into the program.

Have another question not listed here?

Contact us at NIDA-LSPRINT@babson.edu.