spring 2024
TEK-3501 Innovation and Economy - 5 ECTS
Course content
The contents of the course is made up of two major elements.
Introduction to the concept of Innovation through Design Thinking with a particular emphasis on the process of idea development.
Business planning and modeling using the Osterwalders Canvas as a foundation. The course will also cover the most necessary elements of a business plan.
These theoretical concepts are put into practice through group oriented exercises.
Objectives of the course
Provide students with the knowledge and training in main concepts, models and tools within the fields of business development with a focus on innovation and entrepreneurship.
Knowledge
Upon completing the course the candidate:
- K1: Has basic knowledge in fields such as innovation and business idea creation.
- K2: Has basic knowledge of business planning and modeling
- K2: Has basic knowledge of financial and economic elements in relation to new business creation.
Skills
Upon completing the course the candidate:
- S1: Can participate in a creative process using specific tools in order to develop innovative solution to real problems.
- S2: Can generate a business model for a concrete innovative business idea.
- S3: Can develop a realistic framework for a business plan around a concrete innovative business idea.
General competence:
Upon completing the course the candidate:
- GC1: Understand the major elements in the process of turning a problem into a profitable business.
- GC2: Understand how to effectively use process tools like Osterwalders businessmodel generator or Design Thinking.
Teaching methods
During two separated and concentrated weeks all theory and projectoriented work will be done. Each day of Monday-Thursday (0800-1600) are split into one half of theoretic lectures and one half of project work in teams.At the end of each week, each project group (team) will present a project report.Information to incoming exchange students
This course is open for inbound exchange student who meets the admission requirements. Please see the Admission requirements" section".
Master Level
Do you have questions about this module? Please check the following website to contact the course coordinator for exchange students at the faculty: https://en.uit.no/education/art?p_document_id=510412
Schedule
Examination
| Examination: | Date: | Weighting: | Duration: | Grade scale: |
|---|---|---|---|---|
| Project assignment | 15.05.2024 14:00 (Hand in) | 1/2 | A–E, fail F | |
| School exam | 28.05.2024 09:00 |
1/2 | 3 Hours | A–E, fail F |
Coursework requirements:To take an examination, the student must have passed the following coursework requirements: |
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| Coaching session. | Approved – not approved | |||
- About the course
- Campus: Narvik |
- ECTS: 5
- Course code: TEK-3501
- Responsible unit
- Department of Industrial Engineering