Exclusive to the University of Maryland School of Pharmacy, pharmapreneurism describes the School's commitment to supporting and best positioning both faculty and students to achieve their career aspirations and address our nation's health care challenges.
Watch this four-minute video to learn more about pharmapreneurism at the School of Pharmacy, and how this innovative initiative is being used to advance pharmacy education, scientific discovery, patient care, and community engagement across the state of Maryland and beyond.
Understanding Entrepreneurism:
A loanword from French, the term entrepreneurism, from which pharmapreneurism is derived, was first used in 1723. Today, the term implies qualities of leadership, initiative, skills, and innovation in new venture design.
Evolving to Pharmapreneurism:
At the School of Pharmacy, we employ the term pharmapreneurism to describe our pharmacy entrepreneurs. Strategies and skills that pharmapreneurs across the fields of practice, sciences, and health outcomes research and pharmaceutical sciences might utilize include:
- Innovation of new products, services, or processes
- Continuous process improvement
- Exploration
- Technological innovation
- Business intelligence
- Development of future products and services
- Optimized talent management
As the fourth oldest school of pharmacy in the United States, the School of Pharmacy strives to lead pharmacy education, scientific discovery, patient care, and community engagement across the state of Maryland and beyond. With our cutting-edge research initiatives and innovative clinical services, the School fosters an unparalleled environment that both values and nurtures pharmapreneurship among faculty and students alike.