Overview

This topic provides an overview of the financial, business and management principles which would enhance understanding of business enterprise for the R&D-intensive bioscience industries. Students will work in management teams to prepare a Business Plan and will cover: an overview of Australia's science and technology policy, in particular how it … For more content click the Read More button below.

Topic availabilities

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Tuition pattern

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Aims

The aim of the topic is to give students experience and knowledge related to the commercialisation of biotechnology products or processes. This involves a basic knowledge of the scientific basis of the product/process, production and manufacture, marketing, sales, financial analysis, personnel and resource management, regulatory affairs, assessment of commercial viability, quality control and assurance. Students work in management teams with assigned tasks and work together to produce a pitch, a complete business plan, and then take part in an individual interview to relate content from the business plan to what they have learnt throughout the Semester. Workshops and tutorials are presented by industry-based experts including in financial management, patenting and intellectual property and marketing.

Learning outcomes

On completion of this topic you will be expected to be able to:
1.
Appraise the development of biotechnology products from first discovery through to market
2.
Evaluate the regulation of biotechnology industries and mechanisms for protecting Intellectual Property
3.
Assess market and investment opportunities, personnel and resource management needs of the biotechnology industry
4.
Demonstrate critical literature analysis, communication, self-directed learning, peer-learning, and teamwork skills
5.
Communicate results using appropriate language and terminology using a range of formats

Assessments

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Current students should refer to FLO for detailed assessment information, including due dates. Assessment information is accurate at the time of publishing.

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Requisites information

Pre-requisites:
Anti-requisites:

Assumed knowledge

Successful completion of a Bioscience degree.