MCEL60092 Innovation and Commercialisation of Research Coursework Handbook Lecture Dates: Lecture Time: Monday 27 January to Monday 5 May 2014 13:00 to 15:00 Unit Leader: Coordinator: Lynn Sheppard (l.sheppard@manchester.ac.uk) Claire Gill (claire.gill@manchester.ac.uk) 0 Introduction The course begins on Monday 27 January 2014 at 1pm in 2.40 MBS West. Attendance at each of the sessions is an important aspect of the unit and a register will be taken at each session. Any changes to lecture rooms will be communicated via Blackboard. Unit Aim The unit aims to: Develop the ability and confidence to transfer knowledge from the research phase to the market; Develop knowledge and skills in the field of commercialisation, knowledge management, innovation strategy and enterprise; Enrich career prospects in both academia and industry. The unit examines the various aspects of the commercialisation of research and is very much project-based; allowing students to develop commercialisation ideas and business models which could be based on their own area of research and preparing students to focus beyond the laboratory. Students evaluate first hand the business opportunity developing a commercial business case based on the idea; and then preparing a business report and presentation. The unit is delivered as a series of lectures by speakers from the fields of enterprise and commercialisation, along with study group tutorial sessions. There are also follow-on sessions and events to outline the opportunities available for research students who would like to take an idea to the next stage – perhaps as a start-up company or as a licensing opportunity. Learning Outcomes Knowledge and understanding Identify what makes a viable commercial research opportunity/idea Recognise market opportunities and barriers for new product development (NPD) Identify the role of Intellectual Property (IP) in the commercialisation process Intellectual Skills Evaluate the main channels and stages for the commercialisation of research Review the relationship between innovation and entrepreneurship Critically evaluate the role business strategy and its models play in the commercialisation process Practical Skills Develop a business idea Access and mine secondary market research databases Research intellectual property rights through the access of specific databases such as espacenet Develop a robust commercial business model Transferable Skills and Personal Qualities Research, analyse, evaluate and utilise information from a range of reliable sources Communicate in an effective manner Develop commercial awareness 1 Reading References Main Texts: Byers, Dorf & Nelson, Technology Ventures, McGraw-Hill, 2011 Lowe & Marriott, Enterprise, Entrepreneurship and Innovation, ButterworthHeinemann,2006 Tidd & Bessant, Innovation and Entrepreneurship John Wiley &Sons, 2008 Rae, Entrepreneurship: From Opportunity to Action, Palgrave-Macmillan, 2007 Bragg & Bragg, Developing New Business Ideas, FT Prentice Hall, 2005 (On-line) Further references will be provided in class to support the taught sessions. Outline Syllabus 1. 27 Jan 2. 3 Feb Induction & overview - The process/impact of commercialisation of research The ‘Research Student Perspective’ Developing the commercial case - Osterwalder 3. 10 Feb Establish groups and allocate group work Patents/University IP 4. 17 Feb Markets & market research 5. 24 Feb Formative work table hand-in 6. 3 Mar Group Presentations 7. 10 Mar Formative work table feedback 8. 17 Mar Tutorials Presentation skills Start-up examples & lessons 9. 24 Mar Importance of teams, support networks and the funding pipeline 10. 31 Mar Individual Presentations Easter Break 11. 28 Apr Report writing and proposals 12. 5 May Unit review and assignment tutorial Next steps to take ideas forward - Graphene/Nanotechnology strategy and prospects Monday 12 May - Final Individual report hand-in 2 Assessment This 15 credit unit, Innovation and the Commercialisation of Research (MCEL60092) is assessed by two individual pieces of work (see Table 1). At the end of this document there is a comprehensive set of instructions for completion and submission of postgraduate coursework - please read very carefully. Table 1: Coursework details Assessment task Length Weighting within unit (if relevant) Hand in/ Presentation Formative task Work table (500 words max) Zero Week 5 Final presentation 5 min presentation plus 5 min Q&A 20% Week 10 Final individual report 4,000 words max plus appendices 80% Deadline: Monday 12 May 2014 Individual presentation materials and final individual report must be handed in to the administration office - Room 8.22 Harold Hankins before the deadlines indicated in Table 2 below. An electronic version must also be submitted via Blackboard by the same specified deadline. The standard assignment instructions are included at the end of this handbook. Please make sure that you read and understand the instructions before beginning your assignments. Table 2: Deadlines for submission of coursework Individual work (formatively assessed) Table to be submitted by Blackboard Individual work (summatively assessed) Individual presentation Individual final report Submission deadline Via BB, Week 5 by 8am Monday 24 February 2014 Feedback to be given Submission deadline Feedback to be given Via BB by 12noon Wednesday 26 March 2014 Via BB and Hand in by 10 am, Monday 12 May 2014 Week 7 Week 11 3 weeks from hand in date 3 Formative work Formative work is designed to help you identify what your strengths are with regard to a particular set of learning outcomes and where there may be areas for improvement. Formative feedback is given to help you to develop and improve with the unit of study. This formative work will also help you to prepare your presentation and final individual report. Formative work to be submitted in Week 3 You are asked to fill in a table (500 words max), in order to understand the characteristics of your research and begin to explore commercial opportunities based on your research area. Please make your comments as simple as possible so that non-experts would understand and keep the overall length to less than 500 words. The table must be submitted electronically through Blackboard no later than 8 am Monday 24 February 2014. Please bring a hard copy to the class on Monday 24 February. Further comments and discussion will follow in tutorials on Monday 10 March 2014. Table 3: Formative work table (available on Blackboard) Name Student ID School & University Title of doctoral project Describe your area of research - What are the unique features of your research? - What aspects are you particularly interested in? What are the ‘capabilities’ of this research? - Which applications or areas could these ‘capabilities’ benefit? Which of these options provides the best commercial opportunity? - What problem could it solve? - How would you adapt to meet market needs? - How would you protect and develop the technology/idea? What are the barriers and risks and how would you test them? - In terms of market acceptability, IP, competition, resources required 4 Summative assignments Summative assignments are marked and feedback is given. The summative mark is used in calculating the final unit mark. The two pieces of summative work, one individual presentation and one individual final report, are described below 1) Individual presentation - weighting 20% Submission deadline: Your presentation slides must be submitted via Blackboard by 12noon Wednesday 26 March 2014 You will deliver your presentation on Monday 31 March 2014 You are asked to present, in 5 minutes, to a panel of experts about a commercial opportunity based on your area of research. After 5 minutes, you will be cut off. 5 minutes Q&A with the panel will then follow. You are asked to prepare a Power Point presentation which contains the following 5 slides: 1. Opportunity/application identified 2. How your research will address this opportunity 3. Who would be your target market? 4. What business model would help you to commercialise and capture the value of your idea? 5. Next steps – what are the next ‘critical’ actions to carry out and why? Your presentation slides must be submitted via Blackboard by 12noon Wednesday 26 March 2014. Oral presentations will be held on Monday 31 March 2014. Make sure you bring your presentation slides on a USB stick as a back-up when you present. The time and place where the presentations take will place will be announced nearer the time. This exercise will cover the following learning outcomes: A1, A2, C1, C4, D2, D3 Table 4: Unit learning outcomes assessed by the presentation Category of outcome Knowledge and understanding Practical skills Transferable skills and personal qualities Students will be able to: A1. Identify what makes a viable commercial research opportunity/idea A2. Recognise market opportunities and barriers for new product development (NPD) C1. Develop a business idea C4. Develop a robust commercial business model D2. Communicate in an effective manner D3. Develop commercial awareness 5 2) Individual final report – weighting 80% Submission deadline: Your individual assignment must be submitted by 10 am Monday 12 May 2014, both via Blackboard and handed in as a hard copy. You are asked to write a commercial business report about the commercialisation opportunities and business ideas based on your research area. Your report will be structured and presented in an appropriate business manner i.e. cover, content page, executive summary, main report body with appropriate subdivision headings, concluding remarks, references and appendices. The final report content should have following elements: Executive summary Introduction – a brief description and overview of your research identifying areas of commercialisation opportunities. Main body - detailed information about the product/service/company, including understanding of the market and its application, identifying the target market and the business model. Outlining how you adapt the research in order to meet the market needs with your development/commercialisation plans. Concluding remarks - summary of the business idea and any remaining issues including possible next steps References Appendices Individual Assignment Instructions Your final assignment should be no more than 4,000 words in length, excluding references and appendices. This exercise will cover all of the learning outcomes as specified in Table 5. To get high marks you need to consider the issues and standards as specified in Table 6. 6 Table 5: Unit Learning Outcomes Learning outcome Knowledge and understanding Intellectual skills Practical skills Transferable skills and personal qualities Students will be able to: A1. Identify what makes a viable commercial research opportunity/idea A2. Recognise market opportunities and barriers for new product development A3. Identify the role of Intellectual Property (IP) in the commercialisation process B1. Evaluate main channels and stages for commercialisation of research B2. Review the relationship between innovation and entrepreneurship B3.Critically evaluate the role business strategy and models play in the process C1. Develop a business idea C2. Access and mine secondary market research databases C3. Research intellectual property rights C4. Develop a robust commercial business model D1. Research, analyse, evaluate and utilise information from a range of sources D2. Communicate in an effective manner D3. Develop commercial awareness Table 6: Marking scheme for the Final Report Marking category (Learning outcomes) Organisation and presentation of the report (D1, D2, D3) Information acquisition & management (A1, A2, A3, B1, C1, C2, C3, D1) Analysis & evaluation of research and commercialisation ides and business models (A1, A2, A3, B1, B2, B3, C1, C2, D1, D3) Conclusions & further specific issues (B1, B2, B3, C1, D1, D2, D3) To get high marks you need to consider the issues below and to achieve the following standards Does the work submitted meet the basic criteria of the assignment (structure, word count, and topic)? Is the report structured in a logical and coherent manner? Is the language fluent, and the grammar and spelling correct? Is the report presented in a professional and engaging manner? Does the layout and presentation of information (graphics) assist the reader in their understanding of the material and navigation of the document? Is the referencing to the required standard and accurate? Is the research of appropriate scope & depth? Does the research provide a multitude of perspectives (e.g. protection, market analysis)? Is the use and grasp of relevant databases demonstrated? Is there evidence of wider reading? Have any limitations been clearly understood and explained? Has research/practitioner/market input been used to guide the analysis? Has the market and wider environments been analysed in order to identify potential opportunities and threats? Have a range of opportunities - for a new product or service; been identified, considered and evaluated? Have different business/commercial models been critically evaluated in order to determine strengths and weaknesses? Has critical thinking, creativity and original thought been demonstrated in the analysis? Are the conclusions clear and do they logically follow on from the line of reasoning developed? Are arguments expressed with confidence and with clarity and are they supported by a clear evidence base? Are conclusions compelling, well articulated, demonstrate original thought and are highly relevant and appropriate to the assignment set and your own PhD project? Have the value of the identified business opportunity and the business concept been clearly communicated? Are any specific remaining problems or issues clearly defined and articulated? % 10 30 30 30 7 Assessment This 15 credit unit Innovation and the Commercialisation of Research (MCEL60092) is assessed by two individual pieces of work: Table 7: Coursework details Assessment task Length Weighting within Hand in/ unit (if relevant) Presentation Formative work Work table (up to 500 words) Zero Week 5 Final presentation 5 min presentation plus 5 min Q&A; 20% Week 10 Final Individual Report 4,000 words max plus appendices 80% Deadline: Monday 12 May 2014 Individual Presentation materials and Final Individual Report must be handed in to the MEC office - Room 8.32 Harold Hankins before the deadlines indicated below. An electronic version must also be submitted via Blackboard by the same specified deadlines. Table 8: Deadlines for submission of coursework Individual work (formatively assessed) Table to be submitted by Blackboard Individual work (summatively assessed) Individual presentation, Q&A Individual Final report Submission deadline Via BB 8am Monday 10 February 2014 Feedback to be given Submission deadline Feedback to be given Via BB 12noon Wednesday 26 March 2014 Via BB and hand in 10 am, Monday 12 May 2014 Week 7 Week 11 3 weeks from hand in date 8 Postgraduate Assignment Standard Instructions - Individual 2013-14 The 15 credit unit Innovation & Commercialisation of Research MCEL60092 is assessed by: Individual presentation contributes 20% of unit total marks Deadline: 12noon Wednesday 26 March 2014 Individual final report contributes 80% of unit total marks Deadline: 3pm Monday 12 May 2014 Hand in Deadlines Assignments are designed to allow you to present a piece of work which shows your depth of understanding of the topics being assessed. A generous time period has been allocated to allow you to undertake the research and composition of these pieces of work. A single printed copy of your completed assignment work must be handed in to 8.22 Harold Hankins Building, before the deadlines stated above. An identical copy must also be submitted to BlackBoard. Identify your work Your work will be marked anonymously, please indicate the following on the front of your work: Student ID Number Course code Course title Title of assignment (as given in the assignment instructions) Word count (main text only, excluding figures, tables, appendix and reference list) BlackBoard submission In BlackBoard, please also submit an identical copy of your printed work in pdf format. Your work is marked anonymously so you must give the work a Submission title made up out of your student ID and the Unit code: 7654321MCELxxxxx Check that you are completely happy with your document and that you are submitting the correct version before you submit. Blackboard will produce an electronic receipt with a unique number which you should note and retain for your records, as this is proof of your submission. Instructions on how to submit your work to Blackboard via Turnitin (the online plagiarism detection software) will be provided in the Blackboard unit space. Late Penalty Work handed in after the deadline will be given a mark of zero. Extensions for Exceptional Circumstances Please plan your time carefully as extensions to the hand in deadline are only granted for exceptional circumstances (such as lengthy illness or bereavement). Any event 9 which could reasonably have been predicted to occur within the assignment period is not legitimate grounds for an extension (going to parties, days off, working, religious observance, minor sickness, event attendance or loss of data). Your request for an extension must be in writing (e-mail) to the mitigating circumstances officer of your home School. Do not delay. The request must be submitted as soon as you identify the need for an extension. Please also e-mail your unit lecturer and copy claire.gill@manchester.ac.uk to alert us that you have formally made a request to your School. Plagiarism and Referencing Your assignment demonstrates to the marker your level of understanding and analysis of the subject. It is essential that the assignment which you hand in is written in your own words. If you do use even a few words from another source, then you must reference exactly where the quotation has come from. A quotation must appear inside ‘quotation marks’ and be followed by a full reference. A full reference is one that allows the reader to go directly to the precise page in the document that you have obtained the information from. Information must never be ‘cut and pasted’ into the body text of your assignment. Do not start to draft your assignment work by collecting cut and pasted information into a rough document that you then edit and hand in. This is poor academic practice and will be heavily penalised. Each and every table, graph, chart, photograph and diagram, unless created from first principles by you, must be clearly and fully attributed to the original source. Unless otherwise indicated, you are expected to work individually on your assignment. Any assignments which appear to have similarities with each other will lead to disciplinary action under the University rules. Allowing your own work to be copied is treated as severely as the act of copying from someone else’s work. You must not submit any work for assessment that you have previously submitted for assessment. (This is called self-plagiarism) You will sign the cover sheet when handing in your work stating that it is all your own material. Your attention is drawn to the University policy and guidelines on plagiarism: http://documents.manchester.ac.uk/display.aspx?DocID=2870 All electronic copies of assignments submitted via Blackboard will be checked for plagiarism Feedback Formative assessment tasks are designed give you an early indication of how well you are working in the subject area. You will receive feedback, however the mark for formative work does not get used in calculating the unit final mark. 10 Summative assignments are marked and feedback is given. The summative mark is used in calculating the final unit mark. . All assignments which are handed in before the deadline will be marked within a target time of 15 working days from the hand in date. Individual feedback comments sheets and marks will be made available for you to collect from 8.22 Harold Hankins Building. You must collect only your own feedback sheet and will need to show your ID card. General feedback points may be given to the whole class group as a hand out or within a lecture/ tutorial. These feedback comments are intended to help you to improve your approach to future work tasks. It is important to note that the mark awarded is not negotiable. The mark you are given has been through a strict marking and moderation process. The mark is subject to further checking and moderation by the external examiner and exam board. Once you have handed work in, you cannot re-attempt or re-submit an assessment in order to try to achieve a better mark a second time round. All MEC staff are willing to meet with students, on request by e-mail, to give brief personal feedback. This is additional to the written assessed feedback and should be undertaken no more than 4 weeks from the written feedback being made available. If you believe that there has been a numerical mistake in the marking of your work you can e-mail Claire.gill@manchester.ac.uk to request that the assignment be rechecked stating where you believe the mistake has occurred. Note: The University of Manchester ‘Policy on Feedback to Undergraduate and Postgraduate Taught Students’ may be viewed at: http://documents.manchester.ac.uk/display.aspx?DocID=6518 Manchester Enterprise Centre Updated 18.7.13 11