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.

The course will also cover basic elements in the field of economy theory eks: Analysis and business records, financing and investment.

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.