Innovation Management aims to provide students with the knowledge and skills needed for developing business opportunities based on scientific innovation. It is primarily directed at empowering future R&D scientists with an entrepreneurial education that will allow them to recognise, evaluate, develop, finance and exploit commercial opportunities in their work.
As an area of study, Innovation Management, focuses upon the life sciences and covers areas such as creativity in enterprises, lateral thinking, business principles, basic business planning and planning for new ventures, funding, management and commercialisation of intellectual property, and valuation and assessment of high technology businesses.
Graduates with a background in Innovation Management will have a wide range of career options in academia, research and administration. Combinations of business and technical skills are required in careers that involve: intellectual property; high technology finance (venture capital) and investment (business analysis); R&D management; corporate management in the biotechnology sector; government regulation and administration; and bioscience sales and marketing.
Studying Innovation Management at UNSW
The Faculty of Science at UNSW (www.science.unsw.edu.au) offers a program of study which combines a Bachelor of Science degree with a Diploma in Innovation Management. This combination is open to students commencing second year of a four year science based degree or combined degree.