Exciting Careers in the Business of Science & Technology
Master of Business information session
Exciting Careers in the Business of Science & Technology 1
Presented by Dr Peter O’Neill, Monash University – 19th May 2015
Outline
Monash - Science & Technology … + Business
Pathways from Science to Wealth
Integrating Innovation (?)
Master of Business (Science and Technology)
Entry Requirements Career outcomes Course Structure - Units Commercialisation Projects – Relationships
Some Alumni Experiences
Exciting Careers in the Business of Science & Technology 2
3
1984 Reproductive Medicine IVF 2015 Regenerative Medicine Stem Cell Therapies
Monash expertise - Medicine, Science, Technology and Business
Exciting Careers in the Business of Science & Technology
Since the 1970’s Monash IVF has been a driving force in the development of assisted reproductive technologies (ART) in Australia and overseas.
Monash University’s (new) SensiLab
New technologies – humanoid robots … 3D printers
Most innovations … usually done in collaboration
People from Science, Technology … + Business
SensiLab lab will hothouse researchers from faculties of:
IT, engineering, art, design & architecture … + Monash Business School
Opened 13 May 2015.
Exciting Careers in the Business of Science & Technology 5
6
Pathways from Science to Wealth
The importance of the commercialisation of technology
How do you create wealth from science?
What does the commercialisation process involve
What happens if someone else starts selling the same thing or something better? Can you prevent this from happening?
How can you tell if it is lively to be worthwhile?
Exciting Careers in the Business of Science & Technology
7
Science vs Technology
Science
Focuses on understanding how things work and outcomes
Technology
Application of technology into a form suitable to confer for widespread benefit to people
Distribution of technology-based product/service to fulfil demand
Process involves many people, varied backgrounds, skills, needs and ambitions … People are complex … navigation of systems, obstacles and problems.
The ability to commercialise new knowledge is essential for competitive advantage in the private and public sector.
Exciting Careers in the Business of Science & Technology
8
Integrated Innovation Approach
It’s 2015 – Why is there a Black Box in the middle?
Exciting Careers in the Business of Science & Technology
Scientific and
technological
problems
Technology push Market pull
Marketplace
9
Integrated Innovation Approach
Why are we (scientists and technologists) responsible?
Exciting Careers in the Business of Science & Technology
Scientific and
technological
problems
Technology push Market pull
Marketplace
clash
10
Integrated Innovation Approach
Who really fails?
Exciting Careers in the Business of Science & Technology
Scientific and
technological
problemsTechnology
solution…
Push – no concern for
market forces
Marketplace
fails
Market Need…
Pull – primary
ideas
– R&D reactive
role
+ 10 years
+ $500M
11
Integrated Innovation Approach
Could we be more Commercial as Scientists & Technologists?
HOW?
Exciting Careers in the Business of Science & Technology
Scientific and
technological
problemsTechnology push
– No concern for
market forces
Marketplace
focus
Market Pull
– primary ideas
– R&D reactive
role
12
Integrated Innovation Approach
Could this approach help?
Exciting Careers in the Business of Science & Technology
Scientific and
technological
problemsTechnology push
– Science
– Technology
– IP Position
– IP Competition
MarketplaceMarket Pull
– Situation
– Problem
– Implication
– Need
FOCUS
– Potential
Market
Customer
13
A field of growing importance involving…
Product development processes
Different technology transfer models including:
licensing & partnering spin-outs & start-ups (commercialisation!!)
Creative application of science and technology
Research-business interfaces
Selling products into national and international markets
Entrepreneurs creating and capturing revenues.
Exciting Careers in the Business of Science & Technology
14
About Master of Business (Science and Technology)
Aimed at professionals who want to drive innovation, growth and commercialisation in Australia and across the world
You will participate in projects specifically developed to teach you how to manage and commercialise cutting-edge medical, scientific and technology projects
Provides the skills and experience to commercialise scientific and technical knowledge
Designed for graduates with a background in science or technology
Taught by experts within the industry and guest lecturers including patent attorneys, lawyers, consultants, venture capitalists and industrialists
2 years full time or 4 years part time.
Exciting Careers in the Business of Science & Technology
15
Entry requirements
Completed an Australian bachelor’s degree or an equivalent qualification with a major in science or technology and a weighted average mark (WAM) of 60% or an equivalent GPA.
Applicants will be ranked and selected based on their entire academic record
Apply by 30 June, 2015 for entry in semester 2, 2015
Apply by 31 January 2016 for entry in semester 1, 2016.
Exciting Careers in the Business of Science & Technology
16
Career outcomes
Our graduates have pursued careers as:
Science/technology policy maker
Advisor on scientific/technology projects within the banking, finance or investment industry
Project consultant or manager
Research and development administrator
Scientific researcher
Entrepreneur - science/technology start-ups
Exciting Careers in the Business of Science & Technology
17
Units in the course
Four business foundation units:
Law and business decisions
Economics
Personal development – managing self and relationships
Managing innovation
Six specialisation mastery units:
New venture finance
Commercialisation project (12 points)
Pathways from science to wealth (12 points)
Accounting for business
Patenting for commercialisation
Foundations of marketing
Exciting Careers in the Business of Science & Technology
A further 4 graduate-level units (24 points) offered by the Monash Business School. See website for the full list of units. www.business.monash.edu
18
Commercialisation Projects – Relationships
Long standing relationships with cutting-edge companies/institutes …All wanting to commercialise their IP
Exciting Careers in the Business of Science & Technology
Recommended