University of Technology Sydney

22573 Innovation and Commercialisation

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2021 is available in the Archives.

UTS: Business: Accounting
Credit points: 6 cp

Subject level:

Undergraduate

Result type: Grade and marks

Requisite(s): 22566 Small Business Management and Accounting
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)

Upon successful completion of this subject students should be able to:
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: Quizzes (Individual)

Intent:

Three quizzes (15% each)

Objective(s):

This addresses subject learning objective(s):

2 and 3

Weight: 45%

Assessment task 2: Written Report (Individual)

Objective(s):

This addresses subject learning objective(s):

1, 2, 3 and 4

Weight: 55%

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.