BMS5011 - Pathways from science to wealth

Offered

Clayton First semester 2007 (Day)
Clayton Second semester 2007 (Day)

Synopsis

This unit will examine the pathways that lead from scientific innovation to the creation of wealth. The unit will allow participants to conceptualise their possible roles in converting science to wealth at a personal, enterprise and economy wide level. A seminar series from experts in special fields of relevance (venture capitalists, scientist, entrepreneurs, financial analysts and financial planners) form an important part of the unit.

Objectives

On completion of this unit students will be able to:

1. Describe the separate stages in the commercialisation of scientific research;
2. Describe the steps required to protect scientific intellectual property;
3. State the legal structure and procedures involved in regulatory affairs;
4. Describe the financial considerations for venture capital and financial planning pertaining to the commercialisation of a scientific project;
5. Write a business plan relevant to the commercialisation of a scientific project;
6. Participate as a team member to deliver an oral presentation on a commercial case study;
7. Describe the role of science in the development of a modern society;
8. Act with ethical and moral integrity in a commercial environment;
9. Predict and appreciate the ethical issues raised by scientific research for local and international communities.

Assessment

Exam 50%
Essay on topic from seminar series 20%
Group presentation on case study 10%
Critical analysis of a business plan 20%

Contact hours

4hrs lectures per fortnight, 4 hrs seminars and 4 hours group work/case studies