Faculty of Business and Economics

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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12 points, SCA Band 3, 0.250 EFTSL

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

FacultyFaculty of Business and Economics
OfferedClayton Full year 2012 (Day)
Coordinator(s)Professor Michael Vitale


This core 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 (such as venture capitalists, scientist, entrepreneurs, financial analysts and financial planners) forms an important part of the unit.


The learning goals associated with this unit are 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.


Within semester assessment: 50%
Examination: 50%

Chief examiner(s)

Professor Michael Ross Vitale

Contact hours

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