22573 Innovation and Commercialisation
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Subject handbook information prior to 2025 is available in the Archives.
Credit points: 6 cp
Subject level:
Undergraduate
Result type: Grade and marksRequisite(s): 22566 Small Business Management and Accounting OR 22207 Accounting for Business Decisions B OR 22208 Accounting, Business and Society
These requisites may not apply to students in certain courses.
There are course requisites for this subject. See access conditions.
Description
This subject focuses on establishing a clear linkage between financial management, accounting and design thinking skills normally acquired by business students so as to enable them to conduct rigorous business analysis and prepare sound business cases for their innovation project. The subject combines skills in business strategy, finance and accounting so as to enable students to apply these methods of analysis in combination.
Subject learning objectives (SLOs)
| 1. | identify societal problems/issues which need innovative solutions |
|---|---|
| 2. | appreciate the inherent difficulties in commercialising an idea |
| 3. | analyse issues related to financing and valuation of innovative solutions |
| 4. | develop a commercially viable business proposal |
Contribution to the development of graduate attributes
This subject focuses on establishing a clear linkage between financial management, accounting and design thinking skills normally acquired by business students so as to enable them to conduct rigorous business analysis and prepare sound business valuations. The subject combines skills in business strategy, finance and accounting so as to enable students to apply these methods of analysis in combination. It also contributes to the accounting major by demonstrating the analysis of accounting quality and its implications for financial analysis and valuation.
Teaching and learning strategies
This subject is taught as a ‘flipped class’. After introducing different topics the students are required to work in groups on specific issues. In addition, each class will start with students(s) and/or group presentations on the different stages of their project development.
Content (topics)
- Identify any societal problem
- Evaluate innovative solutions to the problem
- Identify the business case for your proposed solution in terms of markets and distribution channels
- Prepare a financial plan for your innovation
- Develop a business proposal
Assessment
Assessment task 1: Opportunity assessment and venture plan (30% Group and 70% Individual)
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3 and 4 |
|---|---|
| Weight: | 100% |
Minimum requirements
Students must achieve at least 50% of the subject’s total marks.
Required texts
Aulet, B. 2013, Disciplined Entrepreneurship, Wiley
Recommended texts
Metrick, A., & Yasuda, A. (2010). Venture capital and the finance of innovation., 2nd Edition, Andrew Metrick and Ayako Yasuda, eds., John Wiley and Sons, Inc.
Ramsinghani, M., 2011, The Business of Venture Capital: Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies,John Wiley & Sons.
Selected Articles, Case Studies and videos.
- Students are expected to have read the content and procedures of the following guide: Guide to Writing Assignments, UTS Business School. The guide is available online.
References
Bloomfield, S., 2008, Venture capital funding: a practical guide to raising finance. Kogan Page Publishers.
Klonowski, D., 2010, The venture capital investment process. Palgrave Macmillan.