| Course material in the Diploma in
Innovation Management covers the following areas:
- creativity and recognition of commercial opportunity in scientific
discovery
- project and small business management
- commercialisation and innovation processes in high technology
industries
- startup business planning, market research and business development
- options for R&D and business funding
- business, accounting and economic principles
- development, management and commercialisation of intellectual
property
- strategic communication
- valuation and assessment of high technology businesses
- government regulations and reporting
INOV2100 The Innovation Process (3UOC)
INOV2210 Business Planning for Small Businesses
(3UOC)
INOV2110 Business Start
Up Skills (3UOC)
INOV3100 Strategic Communication (3UOC)
SCOM2505 Science Communication Project A (Addendum for EIS Students) (3UOC)
INOV3110 Technical Publications (3UOC) INOV4001 The Bioentrepreneurial Process (6UOC)
INOV4101-4301 Innovation
in Practice (A-C) (6-18 UOC)
INOV4501 Innovation in Practice Analysis (3UOC)
BIOT3071 Commercial Biotechnology (6UOC)
BIOT3091 Professional Issues in Biotechnology
(6UOC)
Note: INOV courses are only available to students
enrolled in the Diploma Program
INOV2100
The Innovation Process (3UOC)
Students gain a fundamental and practical introduction to the innovation
and commercialisation processes of high technology industries. Lecture
material covers: the psychology of creativity and strategies for
optimising idea generation; action, strategic and business planning;
technical evaluations, benchmarking; market research; intellectual
property management; and R&D and business funding. Workshops
explore the innovation process in terms of the identification and
evaluation of commercial opportunities. Case studies examine examples
of successful and unsuccessful scientific innovation. Coursework
comprises 35 hours in Week Zero of Semester Two.
INOV2210
Business Planning for Small Businesses (3UOC)
Student teams will structure themselves as small businesses that
will be designed to operate as either for profit or not for profit
organisations. During the course, these small businesses with decide
on specific products or services as their future core activities.
They will develop a business based organisational structure and
hierarchy, with students being elected and delegated to fill the
various positions. Collectively, they will prepare a business plan
for their operations, which will be acted upon in the related Session
2 course, INOV2110 Business Start Up Skills.
During the planning stage, the businesses will explore creative
and evaluation techniques to determine the nature of their products
or services, they will conduct and interpret market research to
refine and validate the financial viability of these products or
services. Each business plan will include an operational plan that
will describe the strategy and steps by which the business will
become a reality and should ultimately be a financial success as
well as meet its initial objective (mission). Issues that will be
considered and documented throughout the course include; product
development, market research, sales and marketing, finance, accounting,
human resources, sales, manufacturing, risk analysis and management.
Professional skills that will be developed include communication,
team work, analytical thinking, management, leadership and planning.
INOV2110
Business Start Up Skills (3UOC)
Student teams execute the business strategy and operations described
in the business plans prepared during the previous Session 1 course,
INOV2210 Business Planning for Small Businesses.
Students acquire the knowledge, skills and attitudes required to
organise, operate and manage a structured for profit business or
non for profit society. Student companies and societies will implement
quality systems in the key management areas of finance, human resources
and marketing. Each company will prepare an annual report that reflects
on its operational and financial performance of its overall business
activities. Throughout the course, students tackle typical issues
and challenges which confront commercial operations and develop
skills for decision making, negotiation, creativity, communication,
teamwork and networking, leadership, responsibility and accountability,
and financial management and planning.
INOV3100
Strategic Communication (3UOC)
The course material provides a theoretical and practical instruction
in evaluating, communicating and marketing technical information,
ideas and opportunities to a variety of audiences. Workshops focus
on the development of the student's interpersonal skills including
oral presentations (elevator pitches), persuasion, negotiation,
networking, business ethics and leadership. Other areas covered
include analysis of personality and audience types, risk perception,
locus of control, negotiation of expert status, effective listening,
primary market research, enquiry and feedback strategies, and meeting
facilitation. Coursework comprises 35 hours during Week Zero and Mid-Semester Break of Semester One.
SCOM2505
Science Communication Project A (Addendum for EIS Students) (3UOC)
Students work individually to prepare a media release and publish it on the web. Students take on board all aspects of the management of the project: topic research and selection; preparation of the initial drafts; organisation of reviewers and editors; design and layout of text and illustrations; and the incorporation of the final product into a facilitated web-page using appropriate software. Through calibrated peer review exercises (CPR), students also gain the skills necessary for reviewing the work of peers, regardless of topic area or individual writing ability. The course is entirely project based and can be undertaken at any time throughout the year. The project and associated assessments for the course will be due the following Summer Session.
INOV3110
Technical Publications (3UOC)
Students work with academic mentors to prepare a scientific or
technical report suitable for publication. Academic mentors provide
data from their research findings, which has been previously documented
in the form of research reports, patents and student theses. Teams
are allocated projects based on their nominated preferences for
potential papers offered from a range of bioscience disciplines.
The academic mentor clearly defines the background and scope of
the work to be written up and supplies all the relevant raw data
and reports. The students draft the entire content of the paper
including the Abstract, Introduction, Materials and Methods, Results,
Discussion and Conclusions, Bibliography and associated Tables and
Figures. Each student receives, instruction and constructive criticism
throughout the project from their academic mentor. At the end of
the assignment, the student will be expected to be completely familiar
with the scientific foundation and objectives of the work covered
in the paper. Students gain experience in the complete publication
process from initial identification of target journals through to
the preparation and submission of the final draft report.
Note: The INOV3110 course is a substitute course
for SCOM2505 Science Communication Project A
(Addendum for EIS Students) and is only available to students
within the Diploma who have been achieving high grades.
INOV4001
The Bioentrepreneurial Process (6UOC)
The course covers an introduction to accounting, economic and
business principles with a focus on the special considerations and
parameters particular to the entrepreneurial process involved in
the establishment of high technology based businesses. Tutorials,
workshops and assignments involve the interpretation and preparation
of budgets, cost analyses, market projections, project evaluations,
and financial statements for models of both established and proposed
businesses. Coursework comprises 35 hours in a one-week block at
the beginning of Summer Term and the performance of assignments
throughout the Summer Term.
INOV4101-4301
Innovation in Practice (A-C) (6-18 UOC)
Students undertake practical projects for 4 (A), 8 (B), or 12 (C)
weeks via placement in innovative workplaces. Projects may be completed
on either a part-time or full-time basis. Generally projects will
be with businesses in Australia or overseas, but some projects may
be offered at the University or related institutions. Preparation
and presentation of a report is required at the end of the placement
period. The placement may be completed during a vacation period
or across a session depending on the placement/project undertaken.
Students may incur travel costs, particularly if undertaking placements
overseas. The placements are supervised by appropriate academic
advisors. Internet based interactions with the supervisor and other
students will assist in the integration of experiences with previous
theory and in the preparation of the project report.
INOV4501
Innovation in Practice Analysis (3UOC)
Students analyse and critique an organisation they have previously
worked for a minimum of four weeks fulltime. An acceptable organisation
must be either operating in sectors relating to science based R&D,
innovation management, or technology commercialisation. Students
will prepare an assessable written report that discusses the organisation’s
history, structure, funding, vision, management, strategic objectives
and their role in helping achieve organisation’s objectives.
BIOT3071
Commercial Biotechnology (6UOC)
The course covers aspects important to the commercialisation of
biotechnology and related high technology industries, including:
the definition, generation and protection of intellectual property
(IP), issue and protection of patents in Australia and overseas,
trademarks and copyright, role of confidentiality in protecting
non-patentable IP; licencing arrangements and trading in IP. Innovation
Management, planning and management of R&D programs, preparation
and assessment of business plans. Sources of funding for R&D,
both corporate and government, establishment of business ventures,
joint ventures and strategic alliances. Regulatory and legislative
aspects of genetically modified organisms (GMOs) and environmental
considerations and concerns, policies in Australia, USA and Europe
regarding their use in agricultural, food and pharmaceutical industries.
Introduction to the concepts of good manufacturing practice (GMP)
for theraputic goods; regulatory procedures for biotechnology derived
therapeutics, process validation. Team assignments analyse high
technology companies for intellectual property management, product
development, and financing. The students also compete in a stock
market game, trading in high technology shares.
BIOT3091
Professional Issues in Biotechnology (6UOC)
The course builds on the framework provided in BIOT3071
Commercial Biotechnology, in providing material necessary for
the commercialisation of high technology products and training students
in professional issues important for their careers. The grounding
in IP provided in BIOT3071 will be augmented with material and case
studies which cover the developments in IP relevant to high technology
industries. Planning and control of R&D projects, project management.
Review of Australian high tech industries including analysis of
sources of capital and comparisons with the situation existing in
the USA. The regulatory approval process for biopharmaceuticals
will be covered, with specific material on GMP and process validation
for r-DNA derived therapeutics and gene therapy products. The practical/
tutorial component in the course will involve the students in small
group as well as individual assignments, where presentations will
be made to the class. Assignments will cover such areas as drafting
of government research grants, invention reports and business plans
for high tech companies.
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