units

MGX5001

Faculty of Business and Economics

Postgraduate - Unit

This unit entry is for students who completed this unit in 2015 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.

LevelPostgraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Management
OfferedCaulfield Full year 2015 (Day)
Coordinator(s)Dr Peter O'Neill

Synopsis

This core unit will provide students with a practical experience of the pathways that lead from scientific innovation to the creation of wealth. The unit is a research based unit in which students work alongside research scientists to explore the commercialisation potential of their scientific research. Students apply their knowledge from the business and law units to a relevant practical situation. Students will gain first hand experience in the wide range of roles involved in converting science to wealth at a personal, enterprise and economy wide level.

Outcomes

The learning goals associated with this unit are to:

  1. describe the separate stages in the commercialisation of scientific and technological research
  2. manage the process whereby scientists protect their intellectual property
  3. work with appropriate advisors to plan and manage processes to be undertaken to comply with regulatory requirements for the early stage commercialisation of a pharmaceutical , medical or technological device
  4. work with scientists or technology specialists, investors and appropriate advisors on the financial considerations for venture capital and financial planning pertaining to the commercialisation of a scientific or technology based project
  5. recognise the commercial potential of a scientific or technology based project that merits the protection of intellectual property and further commercialisation development
  6. work as a team member and interact with a range of peers and clients in a commercially sensitive environment
  7. critically analyse scientific data to determine commercial possibilities
  8. write a range of business reports such as business plans, technology assessments, marketing plans and patent applications.

Assessment

Within semester assessment: 100%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 288 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average six/eight hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Co-requisites

Students must be enrolled in course 3840 to undertake this unit

Prohibitions

GSB5000