Course Outline: Introduction to Innovation and Entrepreneurship (MEIE 5289) – Spring 2013 Sultan Qaboos University Introduction to Innovation and Entrepreneurship (MEIE 5289) Spring 2013 Course Outline (Syllabus) Instructors: Salim Al Harthy – Dhafir AL Shanfari - Mahmood Al Kindi - Sheikah Al Akzami Office: 2011, College of Engineering Credit hours: 2 Credits Contact hours: 30 hours Phone: 24141312 E-mails: Salim1@squ.edu.om, dhafir@squ.edu.om, kindim@squ.edu.om, akhzami@squ.edu.om Office hours: Wed., 10:00 – 12:00 noon or by appointment Language of Instruction: English Course Type: Lecture/Practical Course Status: University Elective Class time: Mon., 2:15 –4:05 Location: CMT/***** 1. Course Description In todays global economy it is important to equip university students with innovate, and entreprenruial skills. Innovation is the successful exploitation of new ideas . It has became the sourse of competance in all fields. Innovation does not happen-it is driven by entrepreneurship. This course provides students with a general introduction to innovation and entreprenruship. Topics include: idea generation, opportunity assesment, creative thinking methods, IP protection and business plan development. These concepts are explained and illustrated through carefully selected readings, cases and exercises. No prior business experience is required. 2. Textbook (s): There is no single textboopk allocated for this course. A combination of notes and handouts will be provided to students the variouse topics and issues discussed. Recommended books: 1. 2. 3. 4. 5. Kaplan J.M. and Warren A.C., “Patterns of Entreprenuership ”, (2007) Second Edition, John Wiley Kuratko, D. F. and Hodgetts, R.M. (2007) Entrepreneurship: Theory, Process and Practice; Thomson: South-Western. Hishrich R.D. and Peters, M.P. (2005) Entrepreneurship; McGraw-Hill/Irwin. Timmons, J. A., & Spinelli, S. (2004). New venture creation: Entrepreneurship for the 21st century New York: McGraw-HillI Hasan M Kamoonpuri (2004) Success Stories of Omani Entrepreneurs; Oman Daily Observer. Omani websites as a source of business news 1. http://www.apexstuff.com/archives/iehome.asp 2. http://www.oeronline.com/ 3. http://www.timesofoman.com/ (and click ‘business’ section) 4. http://www.omantribune.com (and click ‘business’ section) 5. http://www.omanobserver.com (and click ‘business’ section) 6. http://www.ameinfo.com/ (and search under ‘news and articles’ box for ‘Oman’) Course Outline: Introduction to Innovation and Entrepreneurship (MEIE 5289) – Spring 2013 3. Course Objectives: The overall course objective is to introduce and expose students to entrepreneurship and innovation Understand the entreprenuerial process of creating a value and growing a successful idea To develop skills and commitments to pursue ideas and business concepts To develop effective communication skills and work independently as well as in a multidisplinary team on projects. To understand innovation and business principles To understand the suitable way of protection for the intellectual property. To develop skills on patentability search techniques. To understand commercialization techniques. 4. Course Learning Strategies 1. Lectures 2. Case study discussion 3. Guest speakers 4. Group project/Individual assignments 5. Video case discussion The course is taught as a combination of discussion-based class sessions, lectures, in class case study analysis and video cases. There is a strong emphasis on dialogue and student participation in discussions, as reflected in the participation grade. Students will build leadership and entrepreneurial skills when working in a multidisplinary teams. The team generates, evaluates, develops, and markets their idea (product, service, change…etc). The faculty member monitors, helps, and advices towards a final valid doable idea based on the concept “sell a simpler life”. 5. Course Contents: Week Date Topic Introduction to Innovation and Entrepreneurship 1 4-Feb-13 2 11-Feb-13 Understanding Innovation 3 18-Feb-13 Entrepreneurial Process 4 25-Feb-13 Ideas Generation and Opportunities Searching 5 4-Mar-13 6 11-Mar-13 7 18-Mar-13 Risk management 8 25-Mar-13 Confirmation of one business idea. (practical session) Dr. Salem Al Harthy; Class in computer lab 9 1-Apr-13 Business Planning Process Dr. Dhafir Al Shanfari 10 8-Apr-13 Business Planning Process Dr. Dhafir Al Shanfari 11 15-Apr-13 Guest Speaker 12 22-Apr-13 Financing your new business Dr. Dhafir Al Shanfari 13 29-Apr-13 Sheikha Al Akhzami 14 6-May-13 Introduction to Intellectual Property Case Studies: Patent Search & Commercialization 15 13-May-13 Presentations of Final Projects Sheikha Al Akhzami Ideas and Opportunities Validation: Introduction Ideas and Opportunities Validation: relationship analysis Remark Dr. Mahmood Al Kindi Dr. Mahmood Al Kindi Dr. Mahmood Al KindiTeam Building Test-Part 1 take-home assignment (5%); At least three business ideas been generated Test (1) in class 25% Dr. Salem Al Harthy Dr. Salem Al Harthy Sheikha Al Akhzami Course Outline: Introduction to Innovation and Entrepreneurship (MEIE 5289) – Spring 2013 6. Course Assessment: Class Project (20%) ( Report 15% + Presentation 5%) Teams of five students from different discplines Mid-Semester Examination Test1 (30%) & Final Examination Test2 (45%) Cheating or attemping to cheat may result in failing the course. No make-up exam is granted without a valid excuse. Oversleeping or not knowing the time and location are examples of non- valid excuses. Corse assessment Attendance Exam 1 Project Final Exam Weight 5% 30% 20% 45% Attendance Policy 5% : students are expected to attend all classes. University rules will be strictly complied to deal with frequent absentees. No make-up tests will be granted without a valid, documented excuse. A first warning will be issued upon failing to attend three teaching hours (10% of the total teaching hours). HOPE YOU ENJOY THE COURSE