91369 Biobusiness
6cp; 2hpw, live classes, 2hpw on demand lectures and asynchronous learning on CanvasRequisite(s): 48 credit points of completed study in spk(s): C10115 Bachelor of Biomedical Science OR 48 credit points of completed study in spk(s): C10184 Bachelor of Medical Science OR 48 credit points of completed study in spk(s): C10186 Bachelor of Health Science Traditional Chinese Medicine OR 48 credit points of completed study in spk(s): C10223 Bachelor of Environmental Biology OR 48 credit points of completed study in spk(s): C10242 Bachelor of Science OR 48 credit points of completed study in spk(s): C10275 Bachelor of Medicinal Chemistry OR 48 credit points of completed study in spk(s): C10346 Bachelor of Biomedical Physics OR 48 credit points of completed study in spk(s): C10346-C10347, and Category Type = Bachelor's Degree OR 48 credit points of completed study in spk(s): C10384 Bachelor of Science Analytics OR 48 credit points of completed study in spk(s): C10387 Bachelor of Forensic Science OR 48 credit points of completed study in spk(s): C10126 Bachelor of Science Bachelor of Laws OR 48 credit points of completed study in spk(s): C10131 Bachelor of Medical Science Bachelor of Laws OR 48 credit points of completed study in spk(s): C10162-C10163, and Category Type = Bachelor's Combined Degree OR 48 credit points of completed study in spk(s): C10243 Bachelor of Science Bachelor of International Studies OR 48 credit points of completed study in spk(s): C10330 Bachelor of Science Bachelor of Creative Intelligence and Innovation OR 48 credit points of completed study in spk(s): C10353-C10354, and Category Type = Bachelor's Combined Degree OR 48 credit points of completed study in spk(s): C10385 Bachelor of Science Analytics Bachelor of Arts International Studies OR 48 credit points of completed study in spk(s): C10388-C10389 OR 48 credit points of completed study in spk(s): C10391 Bachelor of Forensic Science Bachelor of Laws OR 48 credit points of completed study in spk(s): C10079 Bachelor of Engineering Bachelor of Biotechnology Diploma Engineering Practice OR 48 credit points of completed study in spk(s): C10073 Bachelor of Engineering Bachelor of Science OR 48 credit points of completed study in spk(s): C10422 Bachelor of Science Bachelor of Languages and Cultures OR 48 credit points of completed study in spk(s): C10440 Bachelor of Science Analytics Bachelor of Languages and Cultures OR 48 credit points of completed study in spk(s): C10419 Bachelor of Medical Science Bachelor of Languages and Cultures OR 48 credit points of completed study in spk(s): C10167 Bachelor of Medical Science Bachelor of International Studies OR 48 credit points of completed study in spk(s): C10169 Bachelor of Molecular Biotechnology Bachelor of Business OR 48 credit points of completed study in spk(s): C10172 Bachelor of Molecular Biotechnology OR 48 credit points of completed study in spk(s): C10228 Bachelor of Marine Biology and Climate Change
These requisites may not apply to students in certain courses. See access conditions.
Description
Biotechnologists design products and processes, medical scientists diagnose or treat disease and environmental scientists manage the environment. All bio-scientists need to interact with the community. Research must be ethical and relevant to the community's needs. Products and processes must comply with regulations and laws, and must be safe. Bio-scientists communicate with peers and the general public, and maintain their knowledge and skills. All bioactivities must be financially sustainable either as a result of government (public) funding or profit.
In this subject, students learn how biotechnology is managed as a business entity. They learn about innovation and entrepreneurship, career development and management, clinical trials management, quality control techniques, quality management systems (ISO, GMP, etc.), failure mode and effects analysis (FMEA), legislation, and the financing, establishment and management of biotechnology companies. There are three main components of this subject: practical tools for the management of risk in biobusinesses, career management tools and biotechnology business models and strategies for financial success. Comprehension of the key steps required for commercialisation of biotechnology through business planning and modelling is also provided and practiced by focusing on various strategies to create a viable and sustainable business. Various case studies from real bio-businesses both in medical and environmental sciences fields are discussed and evaluated. Students continue to develop techniques to communicate with peers and maintain their scientific skills so they are ready for whatever the future holds.
Detailed subject description.