INNO1002 Entrepreneurial Thinking: Science and Technology Development and Commercialisation

2017

4.5

1 x 3-hour workshop weekly

INNO1001 has been successfully completed

None

Core topic

Assignments, Project, Tests

Having an impact with a technological or scientific innovation involves much more than technology development and research. It is critical that next generation scientists and technologists appreciate the social science of innovation and understand the salient business issues involved in commercialisation. In this course students will learn critical perspectives and practical skills necessary to optimise the chance that their ideas will make a difference by being implemented and can be monetised by making it to market. Throughout the course students will work through a number of divergent and convergent phases with real technologies developed by Flinders or our partners. Throughout the course students will learn about the iterative nature of R&D by examining technological and market issues hand-in-hand. Furthermore, the hands-on experiential nature of the course helps participants develop a deep understand of critical concepts like the creative problem solving process, innovation imperative, core competencies and dynamic capabilities, design thinking and ‘customer jobs’, innovation adoption and diffusion, innovation characteristics, business and revenue models, etc…

This topic aims to:

Assist scientists, technologists, engineers and health professionals understand ways to have impact with technological or scientific innovations.

On successful completion of this topic students should be able to:

• Understand creative problem solving techniques
• Apply a framework for R &D Process management
• Have developed skills in design and customer centric thinking
• Understand various business and revenue models
• Apply various business and revenue models