Monash University Handbook 2011 Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

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:

1. describe the separate stages in the commercialisation of scientific and technological research
2. manage the process whereby scientists protect their intellectual property
3. 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
4. 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
5. recognise the commercial potential of a scientific or technology based project that merits the protection of intellectual property and further commercialisation development
6. work as a team member and interact with a range of peers and clients in a commercially sensitive environment
7. critically analyse scientific data to determine commercial possibilities
8. 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)

Professor Michael Vitale

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