ems4coi commercialising innovation
COMMERCIALISING INNOVATION
EMS4COI
2019
Credit points: 15
Subject outline
This subject provides an opportunity to work within a team to develop, plan and evaluate ideas for a new emerging engineering based businesses using the case teaching method. Emphasis is placed on the development of commercial awareness skills, analysis of new ideas, presentation, report writing and the relationship between innovation and commercial exploitation. Each group will take on the role of being 'an innovative engineering based small firm', going through the challenges and stages of commercialising engineering projects. This subject is designed to enhance student employability. At the conclusion of the subject, students will have an understanding of the commercialisation process in engineering innovation; be able to undertake in depth analysis of new engineering innovations; evaluate opportunities for a new engineering innovations; analyse outline business
SchoolSchool Engineering&Mathematical Sciences
Credit points15
Subject Co-ordinatorMitchell Sesso
Available to Study Abroad StudentsYes
Subject year levelYear Level 4 - UG/Hons/1st Yr PG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites EMS2ITI and (EMS2BSE or EMS2EEP)
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
Resource Type | Title | Resource Requirement | Author and Year | Publisher |
---|---|---|---|---|
Readings | Managing Innovation: Integrating Technological, Market and Organizational Change | Recommended | Joe Tidd, John Bessant 2013 | Wiley |
Readings | Entrepreneurship and Innovation 2nd Ed. | Recommended | Mazzarol, T. 2011 | Tilde University Press |
Readings | Engineering Innovative Products, A Practical Experence | Recommended | Murphy, J, Hermon, P., Rafferty, K. and Woods, R. 2014 | Wiley |
Graduate capabilities & intended learning outcomes
01. Effectively apply the commercialisation process for engineering innovations.
- Activities:
- Lectures, Tutorials and Workshops
02. Critically analyse research and market data for new engineering innovations.
- Activities:
- Lectures, Tutorials and Workshops
03. Evaluate opportunities for new engineering innovations.
- Activities:
- Lectures, Tutorials and Workshops
04. Develop and present an outline business plan for the commercialisation of a new engineering innovations.
- Activities:
- Lectures, Tutorials and Workshops
05. Reflect on the ability to contribute effectively to team activities and manage their own time and resources in working towards team goals.
- Activities:
- Workshops
Subject options
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Melbourne, 2019, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMitchell Sesso
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 31 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via blended.
WorkShopWeek: 31 - 43
One 2.0 hours workshop every two weeks on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
Assessment element | Comments | % | ILO* |
---|---|---|---|
3 Online Quizzes (equivalent total 1200 words) | In weeks 3, 6 and 9 | 15 | 01, 03 |
Two Individual Workshop Summary Reports (equivalent to 500 words per report) | 15 | 01, 02, 03 | |
One 2 minute Individual Business Pitch (equivalent to 250 words) | In week 11 | 10 | 02, 03, 04 |
Innovation Portfolio (Team contribution 5000 words + Individual contribution 1000 words per student) | 5 students per team. Each student receives an individual contribution mark (50%) and a team contribution mark (50%). | 30 | 01, 02, 03, 04 |
Online test taken in class on an individual case study in week 10 (1000 words) | 30 | 01, 05 |