Module Details
| Module Code: |
INTR7004 |
| Title: |
Ideas, Inventions, Innovations
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|
Long Title:
|
Ideas, Inventions, Innovations
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| NFQ Level: |
Intermediate |
| Valid From: |
Semester 2 - 2019/20 ( January 2020 ) |
| Field of Study: |
5213 - Interdisciplinary Engineering
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| Module Description: |
This module guides students through the process of generating potential business ideas based on their personal experiences. The module students then assess the idea feasibility from technical, personal and financial perspectives. Finally the module guides students through the innovation steps required to develop ideas into potentially successful businesses based on a business plan.
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| Learning Outcomes |
| On successful completion of this module the learner will be able to: |
| # |
Learning Outcome Description |
| LO1 |
Perform a need analysis based on personal experience to identify opportunities to provide goods or services to better meet market needs than currently existing solutions. |
| LO2 |
Assess the technical/commercial feasibility and the social/ethical impact of an idea/invention. |
| LO3 |
Identify potential intellectual property and research invention patents. |
| LO4 |
Perform case studies on the route to commercialisation of new products. |
| LO5 |
Form a product team, allocate and manage roles to determine the best available technology, cost and funding sources for developing a practical prototype. |
| LO6 |
As part of the product team generate a business plan for the product/service and communicate in an oral and written presentation to potential investors and development partners. |
| Dependencies |
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
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Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
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| No incompatible modules listed |
Co-requisite Modules
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| No Co-requisite modules listed |
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
|
| No requirements listed |
| Indicative Content |
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Invention history
Review of the significant inventions and developments in the last century with lessons to be learned.
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Invention Process
Review process of problem identification, technology application, prototype realisation, productisation and commercialisation.
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Feasibility assessment
Generate or chose a product/service idea and assess its technical, personal and financial feasibility.
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Intellectual Property
Identification of novel intellectual property. Patent searching and application for IP protection. Review of historical Intellectual Property disputes.
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Innovation
Development of a functional prototype, performance assessment, developing a manufacturing plan and routes to commercial success.
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Business plan and presentation
Prepare a business plan for idea commercialisation. The plan will include cash flow and profitability estimates based on technical breakdown of the idea.
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Module Content & Assessment
|
| Assessment Breakdown | % |
|---|
| Coursework | 100.00% |
Assessments
| No End of Module Formal Examination |
| Reassessment Requirement |
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.
|
The University reserves the right to alter the nature and timings of assessment
Module Workload
| Workload: Full Time |
| Workload Type |
Contact Type |
Workload Description |
Frequency |
Average Weekly Learner Workload |
Hours |
| Lecture |
Contact |
Blend of lecturer led discussions on innovation process and student development of individual business ideas |
Every Week |
4.00 |
4 |
| Independent & Directed Learning (Non-contact) |
Non Contact |
Independent innovation progression and self evaluation |
Every Week |
3.00 |
3 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
4.00 |
| Workload: Part Time |
| Workload Type |
Contact Type |
Workload Description |
Frequency |
Average Weekly Learner Workload |
Hours |
| Lecture |
Contact |
Blend of lecturer led discussions on innovation process and student development of individual business ideas |
Every Week |
3.00 |
3 |
| Independent & Directed Learning (Non-contact) |
Non Contact |
Independent innovation progression and self evaluation |
Every Week |
4.00 |
4 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
3.00 |
|
Module Resources
|
| Recommended Book Resources |
|---|
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Harlan Beverly. (2018), Navigating Your Way to Startup Success : The Key to a Successful Startup, 1st. 13, DEG Press, p.280, [ISBN: 9781501515668].
| | Supplementary Book Resources |
|---|
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Sean Stein Smith. (2017), Common Sense Finance : Finance for Individuals and Entrepreneurs, 15, Business Expert Press, p.177, [ISBN: 163157986X].
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Mark Stefik and Barbara Stefik. (2006), Breakthrough: Stories and Strategies of Radical Innovation, The MIT Press, USA, p.294, [ISBN: 0-262-19514-3].
| | This module does not have any article/paper resources |
|---|
| Other Resources |
|---|
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Website:, EBioDesign website, Stanford University,
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Website:,
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Website:, European Patent Office,
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Website:, United States Patent and Trademark
Office,
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