Enterprise for Scientists
| Code | School | Level | Credits | Semesters |
| CHEM4006 | Chemistry | 4 | 10 | Full Year UK |
- Code
- CHEM4006
- School
- Chemistry
- Level
- 4
- Credits
- 10
- Semesters
- Full Year UK
Summary
Students will learn about the factors that lead to successful commercial innovation and how to take a technical idea and convert it into a successful commercial venture. They are shown routes to market for innovative ideas available from an academic/industrial viewpoint. Assessment in Autumn Semester will be via group exercise and presentation; teams have 3 weeks to develop the business case for a new innovation as a Dragon’s Den Style Pitch .
Students will also learn about different types of business and how they contribute to the global economy. Some of the basic business skills will be covered (selling, marketing, customer awareness and finance) as well as the aspects which drive innovation and success.
We also give students an understanding of intellectual property, how it is used to create value in the business context. Aspects of IP law are highlighted with reference to different types of IPR including patents, trademarks, copyright, design rights and trade secrets including their everyday application within chemistry using industries.
This course will demonstrate utilisation of this IP to give a company a competitive advantage within their market place.
At the end of the course students participate in a one day business exercise led by professionals from a chemicals company that tests all of the above skills in an interesting and realistic approach to commercial problem solving.
Target Students
Only available for year 4 MSci Chemistry OR MSci Medicinal and Biological Chemistry OR MSci Chemistry and Molecular Physics OR Natural Sciences OR Psychology OR MSci Physics AND Level 3 BSc Physics students OR Level 3 Biosciences students. Available to JYA/Erasmus students. Available to Faculty of Sciences students only.
Classes
- One 2-hour workshop each week for 6 weeks
- One 2-hour seminar
- One 2-hour lecture each week for 14 weeks
Assessment
- 15% Presentation 1: Dragons Den exercise and oral Presentation (ca.20 minutes per group)
- 10% Presentation 2: Additives Challenge group exercises and Oral Presentation
- 75% Exam 1 (2-hour): Second re-assessment: If a further re-assessment is allowed by satisfying the conditions of Undergraduate Course Regulation 19, the form of the further re-assessment for this module will be 100% coursework.
Assessed by end of spring semester
Educational Aims
Students will learn about the factors that lead to successful innovation, including evaluation and management of an idea/concept. In addition, students will consider the factors required to extract the value from a product/concept (e.g. market awareness) and the potential routes to market available from both an academic and industrial viewpoint.Learning Outcomes
- An understanding of the key features of successful innovation and the mechanisms for identifying and developing innovative chemistry related ideas into successful business ventures.
- To build creative thinking, communication and selling skills, to enable students to develop and win support for a new product/service/business concept.
- To enable students to take the first steps to running their own business.
- An understanding of how larger chemistry based companies organise their activities to capitalise upon new innovations to create value for both company and for consumer.