6 points, SCA Band 2, 0.125 EFTSL
Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Department of Chemical Engineering
The goal of this unit is to impart an evidence-based methodology for developing innovation in the bioproduct manufacturing industry. It will enable students to promote innovation within a corporate environment by developing a streamlined resource allocation process (time, technology, and talent). It will also provide students with the foundations to develop new businesses and acquire investor funding. The unit will incorporate both project and case study based learning. Students will be required to apply entrepreneurial theory to real-world bioproduct industry examples, and collaboratively design their own product proposal. With the help of continuous market research throughout the semester and feedback from potential customers and investors, teams will evolve their business models and determine their product's viability. At the end of the semester, teams will have the opportunity to pitch their ideas to academic and industry leaders.
On successful completion of this unit, students will be able to:
- Identify technical, social and political factors that affect innovations and innovation uptake in the biorefinery industry.
- Critically evaluate processes, feeds, products and by-products, and apply entrepreneurship theory to identify new markets and applications arising from these streams.
- Practice evidence-based entrepreneurship by collaboratively producing a minimum viable product proposal.
- Communicate the benefits of the product to key internal and external stakeholders.
Continuous assessment: 100%
Students are required to achieve at least 50% in the continuous assessment to achieve a pass grade in the unit.
144 hours of study
See also Unit timetable information