SDD701 Innovative Product Development and Entrepreneurship

Code SDD701
Name Innovative Product Development and Entrepreneurship
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Professional
Field of study Innovations
Faculty
Academic staff Elīna Gaile-Sarkane, Vita Brakovska, Anita Geriņa-Ancāne, Jūlija Gušča, Elīna Miķelsone, Valentīna Strautmane
Credit points 4.0 (6.0 ECTS)
Parts 1
Annotation The study module develops a deep understanding and knowledge of starting up a business, converting a business idea into a product. The study module improves students competence in new product development and technology transfer, helps establish business skills and teaches the student their practical use, simultaneously developing creativity and planning skills as well as presentation skills. Study process is based on learning by doing and is integrated with theoretical knowledge building..
Goals and objectives
of the course in terms
of competences and skills
Get in-depth knowledge in new product development, technology transfer, business, as well as innovation and the commercialization of the innovation process outcomes. Students will be able to use acquired knowledge, skills and techniques in practice and in individual professional development, will be able to launch and develop enterprises, as well as lead a team. To develop the skill to present the individual ideas.
Learning outcomes
and assessment
Students are able to identify consumer (customer) needs and to turn them into a product functions. - Tests, individual and group projects, presentations. Criteria: able to assess, analyse, discuss and find suitable solutions. Are able to synthesize new ideas.
Students are familiar with different aspects of innovation and meaning of it, creativity techniques and their role, they are able to assess usefulness of the appropriate method in a given situation. - Tests, individual and group projects, presentations. Criteria: able to distinguish between open and closed innovation, choose the appropriate business models.
Students are familiar with a new product development and technology transfer processes. - Tests, individual and group projects, presentations. Criteria: are able to integrate and combine different solutions for a new product development.
Students are familiar with the production process and are able to analyse the process charts / product drawings and according to them develop product specification for economic calculations. - Tests, individual and group projects, presentations. Criteria: are familiar with the basics of calculations and are able to carry out the economic evaluation of the product.
Students are able to distinguish, extend and explain various economic and technical indicators and choose of them the most appropriate for solving the particular situation. - Individual and group projects, final tests, presentation. Criteria: able to develop product prototypes.
Students understand the process of attraction of investments; can justify necessary investments for the product development. - Tests, individual and group projects, presentations. Criteria: are able to work out proposals for potential investors. Able to draw up a business and investment plan and to present it to investors.
Students are able to find, select, evaluate and structure information, and explain it to others. - Tests, individual and group projects, presentations. Criteria: are able to convincingly outline his/her views, present the group's results in a public and argue an opinion.
Course prerequisites According to the study program, recommended basic knowledge in business and economics as well as in industry technologies.

[Extended course information PDF]