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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.
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.
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.
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.
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.
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.
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.
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.
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.