Offered
Clayton Full year 2008 (Day)
Synopsis
This core unit will examine the pathways that lead from scientific innovation to the creation of wealth. The unit will allow participants to conceptualize 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 (such as venture capitalists, scientist, entrepreneurs, financial analysts and financial planners) forms an important part of the unit.
Objectives
On completion of this unit students will be able to:
- Describe the separate stages in the commercialisation of scientific research;
- Describe the steps required to protect scientific intellectual property;
- State the legal structure and procedures involved in regulatory affairs;
- Describe the financial considerations for venture capital and financial planning pertaining to the commercialisation of a scientific project;
- Write a business plan relevant to the commercialisation of a scientific project;
- Participate as a team member to deliver an oral presentation on a commercial case study;
- Describe the role of science in the development of a modern society;
- Act with ethical and moral integrity in a commercial environment;
- 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