Monash University Handbook 2010 Postgraduate - Unit

Synopsis

This core unit will provide students with a practical experience of the pathways that lead from scientific innovation to the creation of wealth. The unit is a research based unit in which students work alongside research scientists to explore the commercialisation potential of their scientific research. Students apply their knowledge from the business and law units to a relevant practical situation. Students will gain first hand experience in the wide range of roles involved in converting science to wealth at a personal, enterprise and economy wide level.

Objectives

The learning goals associated with this unit are to:

• describe the separate stages in the commercialisation of scientific and technological research
• manage the process whereby scientists protect their intellectual property
• work with appropriate advisors to plan and manage processes to be undertaken to comply with regulatory requirements for the early stage commercialisation of a pharmaceutical , medical or technological device
• work with scientists or technology specialists, investors and appropriate advisors on the financial considerations for venture capital and financial planning pertaining to the commercialisation of a scientific or technology based project
• recognise the commercial potential of a scientific or technology based project that merits the protection of intellectual property and further commercialisation development
• work as a team member and interact with a range of peers and clients in a commercially sensitive environment
• critically analyse scientific data to determine commercial possibilities
• write a range of business reports such as business plans, technology assessments, marketing plans and patent applications.

Assessment

Within semester assessment: 100%

Chief examiner(s)

Nick Birrell

Contact hours

The project is research based in teams and involves interaction with the supervisors,
scientists, team members and advisors on a basis that will vary from project to project. Total contact hours will be around 8 hours per week for two semesters.

Co-requisites

Students must be enrolled in course 3840 to undertake this unit