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This course is designed to provide an introduction to the skills and techniques required to successfully commercialise an invention or new technology. Through group learning workshops, students develop fundamental skills in accounting, and the preparation and interpretation of financial statements.
Business model and strategy options for the commercialisation of technology developments and discoveries will be explored and critiqued. Students will be introduced to the stock market, investment principles and the role of private and equity finance, and economic variables in the business cycle of technology based ventures.
Through the team preparation of a business plan for real technology based commercial opportunities, students will gain experiential skills in, investing, market valuations, strategic planning, budgeting, benchmarking and market research, and start-up strategies.