TEK-3501 Innovation and Economy - 5 stp

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.

A relevant undergraduate Bachelor Engineering program with minimum 25 credits mathematics, 5 credits statistics, 7,5 credits physics.

Application code: 9371

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.

The date for the exam can be changed. The final date will be announced at your faculty early in May and early in November.