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CIS6001 Technology Entrepreneurship

Trimester 3, 2023 Springfield On-campus
Units : 1
School or Department : School of Business
Grading basis : Graded
Course fee schedule : /current-students/administration/fees/fee-schedules

Staffing

Course Coordinator:

Requisites

Enrolment is not permitted in CIS6001 if CIS8001 has been previously completed.

Overview

Entrepreneurship is the process of designing, launching, and running a new business venture. The entrepreneurial opportunities include developing a business plan, hiring the human resources, acquiring financial and material resources, providing leadership and being responsible for both the venture's success or failure. In a world in which the future of jobs in the workplace is varying and in which advancements in technology are taking place at a phenomenal pace, the role of the entrepreneur has become a powerful force across the world. In addition, an increasingly volatile and global environment is driving organisations from small start-ups to large enterprises to becoming more responsive and innovative to maintain and improve global competitiveness. There is therefore a vital need to be equipped with the knowledge and skills to be able to identify, analyse and realise new business opportunities that arise from these technological innovations and advancements.

This course provides you with the building blocks to think creatively, to recognise and investigate new opportunities arising from technological innovations, and to effectively employ strategies and techniques to act on these opportunities to develop a new technology venture. Through group and teamwork, and the integration of entrepreneurial theory and practice, students are given the chance to discover and exploit marketable ideas for new technology ventures or enterprises. To this end, you will be introduced to ways of setting up businesses, developing business plans, establishing teams, developing prototypes, and preparing presentations. You will also explore how to develop appropriate social media and marketing approaches to promote their products and services to their target audiences. Upon completion of the course, you will be confident in identifying and addressing the many risks and challenges that come with undertaking a technology venture.

Course learning outcomes

  1. critically analyse the role of an entrepreneur and identify the key steps of an entrepreneurial project including financing through venture capitalists, angel investors, crowdfunding and ICO/ipos;
  2. identify and investigate innovation opportunities, markets and develop a prototype of a minimum viable product (MVP) for an identified commercial opportunity;
  3. develop and implement business strategies (i.e., marketing and social media strategy) based on key success factors in a team environment;
  4. collaborate and communicate a compelling oral pitch to present your idea to investors, partners, and other stakeholders;
  5. identify and analyse ethical and legal issues arising in the creation and operation of new ventures.

Topics

Description Weighting(%)
1. Entrepreneurship and Managing Technology Innovation 15.00
2. Business Models and Business Plans 15.00
3. Market Research, Strategies and Entrepreneurial Finance 20.00
4. Team Building, Commercialisation and Pitching 35.00
5. Ethical & legal issues regarding technology entrepreneurship & ventures 15.00

Text and materials required to be purchased or accessed

There are no texts or materials required for this course.

Student workload expectations

To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.

Assessment details

Approach Type Description Group
Assessment
Weighting (%) Course learning outcomes
Assignments Written Planning document Yes 20 1,2,3
Assignments Written Report Yes 50 1,2,3,5
Assignments Oral Presentation (ind, grp, mltmd) Yes 30 1,3,4,5
Date printed 9 February 2024