MMB8038 : Bioscience Research Development and Enterprise
- Offered for Year: 2019/20
- Module Leader(s): Dr Richard Hetherington
- Lecturer: Dr Judith Bulmer, Professor Jenny Read, Dr Philip Manning, Dr Oana Bretcanu, Dr Peter Chater, Dr Matthew Wilcox, Dr Iain Evans, Dr Sara Graziadio, Dr Nicholas Jakubovics, Dr Michael Drinnan, Professor Mark Birch-Machin
- Other Staff: Mrs Jenny Brady
- Owning School: FMS Graduate School
- Teaching Location: Newcastle City Campus
|Semester 1 Credit Value:||20|
This module aims to introduce research students to the many considerations that need to be made when commercialising research findings. Students will use real life case studies as the basis to investigate how research can be turned into a business. External expertise will offer students an insight into business development beyond the initial stages.
Outline Of Syllabus
• The life cycle of a business and planning an exit strategy
• Case Studies of commercialisation of research
• Intellectual property rights
• Business planning, accounting and finance
• Industry standards
• Considerations for expansion
• Project management
• Team working
|Guided Independent Study||Assessment preparation and completion||1||0:30||0:30||N/A|
|Scheduled Learning And Teaching Activities||Lecture||1||2:00||2:00||N/A|
|Scheduled Learning And Teaching Activities||Lecture||2||1:30||3:00||N/A|
|Scheduled Learning And Teaching Activities||Lecture||2||0:30||1:00||N/A|
|Scheduled Learning And Teaching Activities||Lecture||12||1:00||12:00||N/A|
|Guided Independent Study||Assessment preparation and completion||166||1:00||166:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||4||1:30||6:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||2||1:00||2:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||11||0:30||5:30||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||1||2:00||2:00||N/A|
Teaching Rationale And Relationship
Genuine case studies will provide a model for investigation, broader information on the considerations for the commercialisation of research will provide information for students to critically appraise these case studies. The interactive seminars (workshops) will encourage the students to reflect, both individually and in small groups on the case studies presented. Students will then be able to consider what has been successful and what could have been changed in the case studies. This real world development of research ideas into commercial outcomes will present students with a situation through which they can get a genuine feel for how research ideas are taken forward into business. The external expertise will highlight the considerations that researchers should make about how to deal with research findings to make a future for the business. Students will need to work in groups and their ability to do this effectively will be assessed through their reviews of each other’s work, this will encourage co-operation and the development of leadership.
The format of resits will be determined by the Board of Examiners
|Case study||1||M||20||Review of a Case Study and Initial Proposal (500 words)|
|Report||1||M||25||Review of peer’s initial report (700 words)|
|Case study||1||M||30||Revised and complete Report describing Case Study position (2000 words incl 400 word executive summary) prepared in groups of 2 or 3|
|Prof skill assessmnt||1||M||25||Oral Presentation of Optimisation or Diversification Proposal (15 minute presentation working together as a group of 3 or 4)|
Assessment Rationale And Relationship
This module is intended primarily to enable students to develop an understanding of the opportunities within the bioscience sector including the biopharma and biotechnology industry. These are practical skills and will be assessed by presentation of a review of a current spin-out business that will include proposals for how a company could be taken forward. The review and proposal will be presented in front of an expert panel from University and Business which will be followed by a question and answer session.
Students will make a report and initial proposal individually; these reviews will be based on only the Case Study information. Students will then be provided with more information about the set-up , structure financing, business life cycle and expansion. With this information students will review each other’s initial reports. We aim to prepare students for a typical working environment where team work and diplomacy are as important as knowledge.
Small groups of students (typically 3-4 students per group) will be encouraged to draw together the information in their reviews and proposals to create a final report including an executive summary. Students will be able to collect the views of experts on their report and submit a final piece of work that is of a very high standard. Dealing with critical reviewing and creating of a positive but realistic review of a current business along with a inventive but thoroughly considered proposal for that business will give the students a solid understanding of how research can relate to the business world.