Course Title: Entrepreneurship in Research

Part A: Course Overview

Course Title: Entrepreneurship in Research

Credit Points: 12.00


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)


Course Coordinator: Dr Sarah Stow

Course Coordinator Phone: +613 9925 2840

Course Coordinator Email: sarah.stow@rmit.edu.au


Pre-requisite Courses and Assumed Knowledge and Capabilities

OENG1085 (Research Methods)

OENG1161 (Research Communications)


Course Description

This course will provide HDR students with a foundation in commercial and entrepreneurial practice. The course is designed to assist research students in their transition to work within innovation active organisations or to further their own entrepreneurial interests.

Students will examine the interface between innovation, technology and entrepreneurship from an interdisciplinary perspective linking engineering/science with business and management practice. Through case studies and selected readings students will develop new insights to facilitate evidence-based decision making involving the integration of technology strategy with business strategy. Students will utilize their HDR research project as a platform to explore the role research and development can play in the creation of new business ventures and/or to deliver competitive advantage within existing organisations.


Objectives/Learning Outcomes/Capability Development

You will demonstrate intellectual independence to plan and execute original research:

  • with initiative and creativity in new situations and/or for further learning
  • with full responsibility and accountability for personal outputs
  • with the ongoing capacity to generate new knowledge, including in the context of professional practice


Upon successful completion of this course students should be able to:

  1. Critically review models for technology management that link innovation, entrepreneurship and business strategy.
  2. Propose and defend a strategic framework for managing innovation and technology in small and large organisations.
  3. Understand the interrelationship between research and technical readiness with product and process lifecycle and market opportunity.
  4. Mount a compelling value proposition and business case for a research intervention
  5. Understand and apply key contractual, intellectual property and commercial principles to a research project
  6. Be aware of humanistic and workplace cultural aspects governing success or failure of technical/commercial strategies including ethics.


Overview of Learning Activities

The course activities are structured around lectures, tutorials, case studies, workshop discussions, projects and presentations. Where appropriate students will leverage their research project as a primary case study (project) to reinforce learning outcomes.

Course concepts, theories and strategies will be reinforced and applied through project based learning activities which will provide an opportunity for students to collaborate, innovate and communicate their findings.

 

Total study hours
Thirty-six (36) teacher-guided hours for one semester. The course activities are structured around lectures, tutorials, case studies, workshop discussions, on-line activities, collaborative projects (peer to peer learning) and presentations


Overview of Learning Resources

Course-related resources will be provided on Blackboard, which is accessed through myRMIT. This can include lecture material, case studies, supplementary course notes, problem sheets and solutions and quiz questions and references.


Overview of Assessment

The FINAL grade, students will receive at the end of this semester, for this course is either a satisfactory (PX) or an unsatisfactory (NN).

Assessment item 1: Project Pitch

Weighting of final grade: 30%
Related course learning outcomes: 1,4,5
Description: You provide a polished presentation pitch outlining a value proposition for a potential investor to consider your project

Assessment item 2: Short assignments

Weighting of final grade: 40%
Related course learning outcomes: 2,5
Description: In small multi-disciplinary groups you will undertake a series of short assignments providing a critical analysis over and responsibilities associated with

  1. A confidentiality agreement
  2. A collaborative research agreement
  3. An intellectual property management strategy
    and 
  4. Provide a short presentation to define an intellectual property strategy for a given scenario.

Assessment item 3: Business plan

Weighting of final grade: 30%
Related course learning outcomes: 1-3, 6
Description: You will develop a succinct business plan for the development and commercialisation of your HDR research project. You will justify your decision to focus the business plan as a start-up venture or as an integrated business strategy for an established organisation.