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Technological Innovation and Entrepreneurship G (11530.1)

Level: Graduate Level
Credit Points: 3
HECS Bands: 2
Faculty: Faculty of Science and Technology
Discipline: Academic Program Area - Technology

Availability

Unit Outlines

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  • Semester 1, 2020, ON-CAMPUS, BRUCE (192369) - View

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Syllabus

This unit will present the concepts and principles of innovation and entrepreneurship, in both Information and Communication Technology (ICT) and Engineering context. Innovation will be explained as the process of introducing changes that add new values to an organisation, whilst entrepreneurship will be presented as the risk-taking appetite of systematically searching for opportunities arising from innovation and transforming those opportunities to deliver commercial benefit to the organisation and value-add to the broader communities.

Innovation concepts and principles will be covered with innovation sources and types, innovation processes, and innovation management. The creation of an innovation culture will also be considered from the standpoints of leadership focus and organisational structure, together with promoting an innovative and ethical culture.

The concepts and principles of entrepreneurship, and also intrapreneurship, will be introduced with a focus on the entrepreneurial environment and the new-venture creation processes, including due consideration of associated risks and the pathways to new company start-ups in accordance with the associated legal frameworks and an introduction to business, finance and operational plans, plus pitching to potential investors and utilising strategic networks.

The unit also covers the needs for new ventures to transform their creativity and innovation potentials into market values, competitive edges, and the value propositions. The protection and management of Intellectual Property (IP) will also be addressed.

This unit may utilise guest speakers and industry case studies.

This unit may be co-taught with the undergraduate version of the unit 11408 Technological innovation and Entrepreneurship.

Learning Outcomes

After successful completion of this unit, students will be able to:

1. Describe the basic elements of innovation, entrepreneurship and commercialisation;

2. Describe the basic elements of innovation and commercialisation;

3. Appraise decision making responsibilities at the interface between business and innovation;

4. Assess the dynamics of collaborative teams to work effectively within a team to accomplish tasks within given deadlines; and

5. Explain start-up company pathways, including legal structures, legal obligations, taxation and book keeping, and ethics and social responsibility issues etc.

Assessment Items

Contact Hours

Lectures: 2 hours on campus per week. Tutorials and Workshops: 2 hours on campus per week.

Prerequisites

None.

Corequisites

None.

Assumed Knowledge

None.

Incompatible Units

11408 Technological Innovation and Entrepreneurship

Equivalent Units

None.


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