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LQB512 BioInnovation and Entrepreneurship Project

Unit synopsis

Employment opportunities in the global bioindustry span the gamut from research through to product marketing.  Business development skills coupled with high-level generic skills (collaboration, communication, networking and professionalism) are as much in demand by the bioindustry as an advanced knowledge of bioscience disciplines.   The BioInnovation & Entrepreneurship (BIE) Project Unit is a 24 credit point work-integrated learning framework that aims to provide you with opportunities to apply and build on foundational bioindustry-oriented knowledge and skills that bridge the divide between the worlds of bioscience and biobusiness. The BIE Project Unit features a substantial industry-focused project whereby student teams (or virtual companies) will value add to intellectual property and advance concept ideas towards a commercial product. Within this start-up environment, you will work with industry and academic mentors to learn skills to translate science research into products for the global marketplace. Coupled with the project activities will be opportunities to engage in industry networking events that will further facilitate a professional identity.

Faculty
Faculty of Health
Study area
Science and mathematics
Credit points
24

Dates and locations

Teaching period Locations
Semester 1, 2018
19 February 2018 - 22 June 2018
  • Gardens Point
Semester 2, 2018
23 July 2018 - 16 November 2018
  • Gardens Point
Summer, 2018
19 November 2018 - 22 February 2019
  • Gardens Point

Fees

Commonwealth supported place (CSP) student contribution amount
2018: $2,338
Domestic fee-paying student fee
2018: $8,568
International student fee
2018: $8,904

Guide to fees

Commonwealth supported place (CSP) student contribution amount
For Australian citizens, permanent visa holders and permanent humanitarian visa holders, and New Zealand citizens who study this unit:
  • as part of a QUT course and are eligible for a Commonwealth supported place (CSP)
  • as a cross-institutional student who has a Commonwealth supported place at their home university.
Domestic fee-paying student fee
For Australian citizens, permanent visa holders and permanent humanitarian visa holders, and New Zealand citizens, who study this unit:
  • as part of a QUT course and are not eligible for a Commonwealth supported place (CSP)
  • as part of a QUT course during Summer Semester
  • as a cross-institutional student who does not have a Commonwealth supported place at their home university
  • as a single-unit study student.
International student fee
For international students who study this unit:
  • as part of a QUT course
  • as part of our study abroad or exchange programs
  • as a cross-institutional student.

Previous study requirements

Prerequisites
LQB411

Guide to previous study requirements

Prerequisites
To enrol in this unit, you must have completed these prerequisite units (or have credit, advanced standing or exemption for them), or be able to demonstrate that you have equivalent background knowledge.
Anti-requisites
You can’t enrol in this unit if you have completed any of these anti-requisite units.
Co-requisites
To enrol in this unit, you must have already completed these co-requisite units, or you must enrol in them at the same time.
Equivalents
You can’t enrol in this unit if you have completed any of these equivalent units.
Assumed knowledge
We assume that you have a minimum level of knowledge in certain areas before you start this unit.

Coordinator

Name
Associate Professor Christopher Collet
Email
c.collet@qut.edu.au
Phone
3138 5173
Fax
3138 1534

Rationale

Opportunities and new industries in the global bioeconomy are emerging through the convergence of science, technology, engineering and mathematics (STEM) disciplines. In the rapidly evolving landscape of the bioeconomy, fluency in bioscience disciplies coupled with generic and entrepreneurial skills and an understanding of the commercial imperative are highly relevant to modern technology-intensive industries looking to thrive in a competitive global marketplace. In a national landscape that seeks to foster innovation and entrepreneurship, the need for bioscience graduates with business acumen and high level generic skills is recognised by industry, government and academe.

Aims

The BioInnovation & Entrepreneurship (BIE) Project Unit aims to provide an opportunity to apply and develop the science, business and enterprising skills demanded by current and emerging bio-industries. The BIE Project Unit centres on a learning framework that features a virtual company operating in a real world start-up environment. The business of bioscience learning framework facilitates development and contextualisation of relevant business and generic skills that enhance employability and help underpin career success in the global bioindustry.

Learning outcomes

Successful completion of this unit requires you to provide evidence of the ability to:

1. Plan, execute and participate in effective teams to solve complex interdisciplinary problems within the bioinnovation industry.
2. Apply knowledge and skills related to concepts and practices from different disciplinary and professional perspectives to the underlying commercial imperative of bringing technological innovation to the global marketplace.
3. Demonstrate high level cognitive and behavioural skills and competencies required to operate professionally, interprofessionally, collaboratively and ethically in an environment focused on the commercialisation of innovation and emergent technologies.

Content

Undertaking a project focussed on generating deliverables and outcomes to industry standard, and the development of working relationships within teams and with a mentor (academic and/or industry) represents the major learning experience in this project unit. Projects can be undertaken on any area in the continuum between business and science/technology. One intent of the learning experience is that the project be industry-based and involves a variety of appropriate tasks and skills consistent with the development and commercialisation of new products and/or processes derived from science and technology.

In this unit, you will undertake a substantial industry-focused learning-by-doing project that value adds to, and progresses intellectual property along the commercialisation pipeline. Working within a team-based virtual company, you will apply knowledge from science disciplines and non-science areas within the context of product development.

Approaches to teaching and learning

Action is the heart of success in applying knowledge and skills and thus the core activity in the BioInnovation & Entrepreneurship minor is the learning-by-doing project unit. You will work in a flexible, team-based (virtual company) environment to progress the commercialisation of intellectual property. The nature of the projects and the expectations of industry mandates that you would normally spend 8 - 10 hours per week on average as part of a student team, engaged in a diverse variety of project activities related to learning and application.

You will conduct the business of the virtual company, both collaboratively and independently as required, to achieve the unit learning outcomes. As a team, you will work under the guidance of one or more industry and academic mentors to apply your scientific training and biobusiness skills and enhance innate generic skills in a problem-solving framework designed to address complex commercial issues. As you progress along the framework you, individually and as a team, will gather evidence of knowledge acquisition, synthesis and application in interdisciplinary contexts as well collaborative and professional activities and outcomes that support the unit learning outcomes.

Student teams will negotiate project operations and outcomes with industry or academic partners. The Unit Coordinator must approve all projects, timelines and arrangements. Projects can be directly sourced by students. Throughout the learning experience, you must liaise with your student team, the project mentor/s and the Unit Coordinator. In deriving project outcomes for this high profile industry sector, teams must meet industry standards around performance and behaviour.

A flexible approach to the learning framework means that a variety of formal and informal learning environments will be utilised that may include: co-working spaces on and off-campus, computer labs, classroom and office-based locations with partner industry facilities. Projects may involve industry-owned intellectual property (IP; e.g., patents, inventions, designs). All IP derived from such projects remains the property of the industry partner. Please refer to the Risk Assessment Statement (below) for further information. Beyond the project, you will be encouraged to further develop your professional identity by engagement with industry at extra-curricular networking activities.

Assessment items

Name #1: Project Operations Portfolio
DescriptionA collection of documents that address non-disclosure arrangements, details of industry partner and team members and their roles, details of project record-keeping, project scope and expectations, timelines, milestones and predicted outcomes.
Weighting30%
Due dateMid point of project
Internal or externalInternal
Group or individualEither Group or Individual
Relates to learning outcomes1
Name #2: Personal Portfolio
DescriptionA collection of documents that critically evaluate your role in the project in context of the project components, activities and performance through a process of appraisal by self and peers including input from academe and industry.
Weighting20%
Due dateWith final project
Internal or externalInternal
Group or individualIndividual
Relates to learning outcomes3
Name #3: Final Project Report
DescriptionA final report to be submitted to the industry partner that details recommendations, analysis, critical evaluation and supporting research materials.

These reports must be of industry standard (i.e., extremely high quality). Reports are likely to be used by industry in further business development, often with external entities in discussion and/or negotiation with investors, bankers, lawyers and other companies for the purposes of due diligence, partnering, alliances and licensing.
Weighting50%
Due dateTo be negotiated
Internal or externalBoth
Group or individualEither Group or Individual
Relates to learning outcomes2

Academic integrity

QUT is committed to maintaining high academic standards to protect the value of its qualifications. To assist you in assuring the academic integrity of your assessment you are encouraged to make use of the support materials and services available to help you consider and check your assessment items. Important information about the university's approach to academic integrity of assessment is on your unit Blackboard site.

A breach of academic integrity is regarded as Student Misconduct and can lead to the imposition of penalties.

Resource materials

There are no set texts for this unit. Publicly available on line and printed materials, as appropriate, will be retrieved to address your project requirements.

You are encouraged to project a professional manner when engaging with industry during the project meetings and in any extra-curricular activities. This will require meeting professional standards of business attire and behaviour. Many professional identity resources are available free-of-charge on the internet.

Risk assessment statement

There are no out of the ordinary physical risks associated with this unit.

If undertaking projects based on industry partner IP, you will be expected to derive and sign non-disclosure agreements at the commencement of projects and abide by the provisions of the contract. You will also be asked to sign a document that assigns any project outcomes, including IP, to the industry partner, so that the industry partner is able to use the outcomes for its future business activities with certainty. You may wish to seek legal advice before you sign the non-disclosure documents and the IP assignment. Directions to legal services are available on the unit web site. Students who opt not to sign both the non-disclosure and IP assignment documents will need to negotiate a non-industry-based project or may elect to withdraw from the unit and not complete the minor. You are invited to discuss any concerns with the Unit Coordinator prior to either enrolling in the Minor or in the project unit.

Rationale

Opportunities and new industries in the global bioeconomy are emerging through the convergence of science, technology, engineering and mathematics (STEM) disciplines. In the rapidly evolving landscape of the bioeconomy, fluency in bioscience disciplies coupled with generic and entrepreneurial skills and an understanding of the commercial imperative are highly relevant to modern technology-intensive industries looking to thrive in a competitive global marketplace. In a national landscape that seeks to foster innovation and entrepreneurship, the need for bioscience graduates with business acumen and high level generic skills is recognised by industry, government and academe.

Aims

The BioInnovation & Entrepreneurship (BIE) Project Unit aims to provide an opportunity to apply and develop the science, business and enterprising skills demanded by current and emerging bio-industries. The BIE Project Unit centres on a learning framework that features a virtual company operating in a real world start-up environment. The business of bioscience learning framework facilitates development and contextualisation of relevant business and generic skills that enhance employability and help underpin career success in the global bioindustry.

Learning outcomes

Successful completion of this unit requires you to provide evidence of the ability to:

1. Plan, execute and participate in effective teams to solve complex interdisciplinary problems within the bioinnovation industry.
2. Apply knowledge and skills related to concepts and practices from different disciplinary and professional perspectives to the underlying commercial imperative of bringing technological innovation to the global marketplace.
3. Demonstrate high level cognitive and behavioural skills and competencies required to operate professionally, interprofessionally, collaboratively and ethically in an environment focused on the commercialisation of innovation and emergent technologies.

Content

Undertaking a project focussed on generating deliverables and outcomes to industry standard, and the development of working relationships within teams and with a mentor (academic and/or industry) represents the major learning experience in this project unit. Projects can be undertaken on any area in the continuum between business and science/technology. One intent of the learning experience is that the project be industry-based and involves a variety of appropriate tasks and skills consistent with the development and commercialisation of new products and/or processes derived from science and technology.

In this unit, you will undertake a substantial industry-focused learning-by-doing project that value adds to, and progresses intellectual property along the commercialisation pipeline. Working within a team-based virtual company, you will apply knowledge from science disciplines and non-science areas within the context of product development.

Approaches to teaching and learning

Action is the heart of success in applying knowledge and skills and thus the core activity in the BioInnovation & Entrepreneurship minor is the learning-by-doing project unit. You will work in a flexible, team-based (virtual company) environment to progress the commercialisation of intellectual property. The nature of the projects and the expectations of industry mandates that you would normally spend 8 - 10 hours per week on average as part of a student team, engaged in a diverse variety of project activities related to learning and application.

You will conduct the business of the virtual company, both collaboratively and independently as required, to achieve the unit learning outcomes. As a team, you will work under the guidance of one or more industry and academic mentors to apply your scientific training and biobusiness skills and enhance innate generic skills in a problem-solving framework designed to address complex commercial issues. As you progress along the framework you, individually and as a team, will gather evidence of knowledge acquisition, synthesis and application in interdisciplinary contexts as well collaborative and professional activities and outcomes that support the unit learning outcomes.

Student teams will negotiate project operations and outcomes with industry or academic partners. The Unit Coordinator must approve all projects, timelines and arrangements. Projects can be directly sourced by students. Throughout the learning experience, you must liaise with your student team, the project mentor/s and the Unit Coordinator. In deriving project outcomes for this high profile industry sector, teams must meet industry standards around performance and behaviour.

A flexible approach to the learning framework means that a variety of formal and informal learning environments will be utilised that may include: co-working spaces on and off-campus, computer labs, classroom and office-based locations with partner industry facilities. Projects may involve industry-owned intellectual property (IP; e.g., patents, inventions, designs). All IP derived from such projects remains the property of the industry partner. Please refer to the Risk Assessment Statement (below) for further information. Beyond the project, you will be encouraged to further develop your professional identity by engagement with industry at extra-curricular networking activities.

Assessment items

Name #1: Project Operations Portfolio
DescriptionA collection of documents that address non-disclosure arrangements, details of industry partner and team members and their roles, details of project record-keeping, project scope and expectations, timelines, milestones and predicted outcomes.
Weighting30%
Due dateMid point of project
Internal or externalInternal
Group or individualEither Group or Individual
Relates to learning outcomes1
Name #2: Personal Portfolio
DescriptionA collection of documents that critically evaluate your role in the project in context of the project components, activities and performance through a process of appraisal by self and peers including input from academe and industry.
Weighting20%
Due dateWith final project
Internal or externalInternal
Group or individualIndividual
Relates to learning outcomes3
Name #3: Final Project Report
DescriptionA final report to be submitted to the industry partner that details recommendations, analysis, critical evaluation and supporting research materials.

These reports must be of industry standard (i.e., extremely high quality). Reports are likely to be used by industry in further business development, often with external entities in discussion and/or negotiation with investors, bankers, lawyers and other companies for the purposes of due diligence, partnering, alliances and licensing.
Weighting50%
Due dateTo be negotiated
Internal or externalBoth
Group or individualEither Group or Individual
Relates to learning outcomes2

Academic integrity

QUT is committed to maintaining high academic standards to protect the value of its qualifications. To assist you in assuring the academic integrity of your assessment you are encouraged to make use of the support materials and services available to help you consider and check your assessment items. Important information about the university's approach to academic integrity of assessment is on your unit Blackboard site.

A breach of academic integrity is regarded as Student Misconduct and can lead to the imposition of penalties.

Resource materials

There are no set texts for this unit. Publicly available on line and printed materials, as appropriate, will be retrieved to address your project requirements.

You are encouraged to project a professional manner when engaging with industry during the project meetings and in any extra-curricular activities. This will require meeting professional standards of business attire and behaviour. Many professional identity resources are available free-of-charge on the internet.

Risk assessment statement

There are no out of the ordinary physical risks associated with this unit.

If undertaking projects based on industry partner IP, you will be expected to derive and sign non-disclosure agreements at the commencement of projects and abide by the provisions of the contract. You will also be asked to sign a document that assigns any project outcomes, including IP, to the industry partner, so that the industry partner is able to use the outcomes for its future business activities with certainty. You may wish to seek legal advice before you sign the non-disclosure documents and the IP assignment. Directions to legal services are available on the unit web site. Students who opt not to sign both the non-disclosure and IP assignment documents will need to negotiate a non-industry-based project or may elect to withdraw from the unit and not complete the minor. You are invited to discuss any concerns with the Unit Coordinator prior to either enrolling in the Minor or in the project unit.

Rationale

Opportunities and new industries in the global bioeconomy are emerging through the convergence of science, technology, engineering and mathematics (STEM) disciplines. In the rapidly evolving landscape of the bioeconomy, fluency in bioscience disciplies coupled with generic and entrepreneurial skills and an understanding of the commercial imperative are highly relevant to modern technology-intensive industries looking to thrive in a competitive global marketplace. In a national landscape that seeks to foster innovation and entrepreneurship, the need for bioscience graduates with business acumen and high level generic skills is recognised by industry, government and academe.

Aims

The BioInnovation & Entrepreneurship (BIE) Project Unit aims to provide an opportunity to apply and develop the science, business and enterprising skills demanded by current and emerging bio-industries. The BIE Project Unit centres on a learning framework that features a virtual company operating in a real world start-up environment. The business of bioscience learning framework facilitates development and contextualisation of relevant business and generic skills that enhance employability and help underpin career success in the global bioindustry.

Learning outcomes

Successful completion of this unit requires you to provide evidence of the ability to:

1. Plan, execute and participate in effective teams to solve complex interdisciplinary problems within the bioinnovation industry.
2. Apply knowledge and skills related to concepts and practices from different disciplinary and professional perspectives to the underlying commercial imperative of bringing technological innovation to the global marketplace.
3. Demonstrate high level cognitive and behavioural skills and competencies required to operate professionally, interprofessionally, collaboratively and ethically in an environment focused on the commercialisation of innovation and emergent technologies.

Content

Undertaking a project focussed on generating deliverables and outcomes to industry standard, and the development of working relationships within teams and with a mentor (academic and/or industry) represents the major learning experience in this project unit. Projects can be undertaken on any area in the continuum between business and science/technology. One intent of the learning experience is that the project be industry-based and involves a variety of appropriate tasks and skills consistent with the development and commercialisation of new products and/or processes derived from science and technology.

In this unit, you will undertake a substantial industry-focused learning-by-doing project that value adds to, and progresses intellectual property along the commercialisation pipeline. Working within a team-based virtual company, you will apply knowledge from science disciplines and non-science areas within the context of product development.

Approaches to teaching and learning

Action is the heart of success in applying knowledge and skills and thus the core activity in the BioInnovation & Entrepreneurship minor is the learning-by-doing project unit. You will work in a flexible, team-based (virtual company) environment to progress the commercialisation of intellectual property. The nature of the projects and the expectations of industry mandates that you would normally spend 8 - 10 hours per week on average as part of a student team, engaged in a diverse variety of project activities related to learning and application.

You will conduct the business of the virtual company, both collaboratively and independently as required, to achieve the unit learning outcomes. As a team, you will work under the guidance of one or more industry and academic mentors to apply your scientific training and biobusiness skills and enhance innate generic skills in a problem-solving framework designed to address complex commercial issues. As you progress along the framework you, individually and as a team, will gather evidence of knowledge acquisition, synthesis and application in interdisciplinary contexts as well collaborative and professional activities and outcomes that support the unit learning outcomes.

Student teams will negotiate project operations and outcomes with industry or academic partners. The Unit Coordinator must approve all projects, timelines and arrangements. Projects can be directly sourced by students. Throughout the learning experience, you must liaise with your student team, the project mentor/s and the Unit Coordinator. In deriving project outcomes for this high profile industry sector, teams must meet industry standards around performance and behaviour.

A flexible approach to the learning framework means that a variety of formal and informal learning environments will be utilised that may include: co-working spaces on and off-campus, computer labs, classroom and office-based locations with partner industry facilities. Projects may involve industry-owned intellectual property (IP; e.g., patents, inventions, designs). All IP derived from such projects remains the property of the industry partner. Please refer to the Risk Assessment Statement (below) for further information. Beyond the project, you will be encouraged to further develop your professional identity by engagement with industry at extra-curricular networking activities.

Assessment items

Name #1: Project Operations Portfolio
DescriptionA collection of documents that address non-disclosure arrangements, details of industry partner and team members and their roles, details of project record-keeping, project scope and expectations, timelines, milestones and predicted outcomes.
Weighting30%
Due dateMid point of project
Internal or externalInternal
Group or individualEither Group or Individual
Relates to learning outcomes1
Name #2: Personal Portfolio
DescriptionA collection of documents that critically evaluate your role in the project in context of the project components, activities and performance through a process of appraisal by self and peers including input from academe and industry.
Weighting20%
Due dateWith final project
Internal or externalInternal
Group or individualIndividual
Relates to learning outcomes3
Name #3: Final Project Report
DescriptionA final report to be submitted to the industry partner that details recommendations, analysis, critical evaluation and supporting research materials.

These reports must be of industry standard (i.e., extremely high quality). Reports are likely to be used by industry in further business development, often with external entities in discussion and/or negotiation with investors, bankers, lawyers and other companies for the purposes of due diligence, partnering, alliances and licensing.
Weighting50%
Due dateTo be negotiated
Internal or externalBoth
Group or individualEither Group or Individual
Relates to learning outcomes2

Academic integrity

QUT is committed to maintaining high academic standards to protect the value of its qualifications. To assist you in assuring the academic integrity of your assessment you are encouraged to make use of the support materials and services available to help you consider and check your assessment items. Important information about the university's approach to academic integrity of assessment is on your unit Blackboard site.

A breach of academic integrity is regarded as Student Misconduct and can lead to the imposition of penalties.

Resource materials

There are no set texts for this unit. Publicly available on line and printed materials, as appropriate, will be retrieved to address your project requirements.

You are encouraged to project a professional manner when engaging with industry during the project meetings and in any extra-curricular activities. This will require meeting professional standards of business attire and behaviour. Many professional identity resources are available free-of-charge on the internet.

Risk assessment statement

There are no out of the ordinary physical risks associated with this unit.

If undertaking projects based on industry partner IP, you will be expected to derive and sign non-disclosure agreements at the commencement of projects and abide by the provisions of the contract. You will also be asked to sign a document that assigns any project outcomes, including IP, to the industry partner, so that the industry partner is able to use the outcomes for its future business activities with certainty. You may wish to seek legal advice before you sign the non-disclosure documents and the IP assignment. Directions to legal services are available on the unit web site. Students who opt not to sign both the non-disclosure and IP assignment documents will need to negotiate a non-industry-based project or may elect to withdraw from the unit and not complete the minor. You are invited to discuss any concerns with the Unit Coordinator prior to either enrolling in the Minor or in the project unit.