|Name||Innovation and Technology Transfer|
|Status||Compulsory/Courses of Limited Choice|
|Level and type||Post-graduate Studies, Academic|
|Field of study||Innovations|
|Academic staff||Elīna Gaile-Sarkane|
|Credit points||4.0 (6.0 ECTS)|
Innovation is a novelty in the activities of an enterprise if it is characterized by having positive economic or strategic result. The course covers different actual theoretical concepts about innovations in different real-life situations. The course provides conceptual and technical skills required to manage innovation-related issues and develops students’ understanding that the creation of innovation-friendly environment will facilitate establishment and development of innovative companies. Topics covered by course include: innovations in product life cycles, kinds of innovation, commercialization methods, corporate entrepreneurship process model or „Salmon model” and its comparison with open innovation concept, innovation support systems in Latvia and abroad, creative thinking techniques, financing innovation..
Goals and objectives
of the course in terms
of competences and skills
|The goal is to provide students with theoretical insight and give a possibility to obtain practical skills in managing innovative entrepreneurship. The objectives: to understand essence of innovation and its role; to analyze innovation in product life cycles; to understand innovation development methods; to gain capabilities for practical usage of corporate entrepreneurship process model; to understand open innovation concept; to discuss advantages and shortages of innovation support systems; to have knowledge of creative thinking techniques, and to be able to find appropriate technique and use it; to have knowledge of financing innovation and selecting appropriate source of funding.|
Students will comprehend the concept of innovation and its importance in the development of company, industry and society as a whole. Students will be able to analyze the role of innovation in the product life cycle. - Individual assignment “Innovations in my company”.
Students will be able to apply the corporate entrepreneurship model and explain why and how to perform product development and commercialization within the incubation stage. - 1. Test – 15 min Questions and answers to review the test.
Students will be able to distinguish between innovation types and explain similarities and differences. Students will be able to select the most suitable implementation strategy for each type of innovation. - 2. Test – 15 min Questions and answers to review the test.
Students will comprehend the concept of creativity and explain the influence of human brain operations on the innovation creation process. They will be familiar with creative thinking organization processes and techniques. Students will be able to apply various idea assessment techniques. - Group work and presentation of the results.
Students will be able to discuss the strengths and weaknesses of the innovation support systems in Latvia and abroad. - Group work and presentation of the results.
Students will be familiar with innovation commercialization methods and will be able to choose and apply the most suitable method in practice. - 3. Test – 15 min Questions and answers to review the test.
Students will be able to identify financial needs. Students will have a good knowledge of financial opportunities and be able to choose the most appropriate sources of financing. Students will be able to evaluate cooperation possibilities with different holders of financial sources. - 4. Test – 15 min Questions and answers to review the test.
Students will be able to differentiate between various types of intellectual property rights and protection methods. Students will be able to use patent search databases and will have an understanding of various methods of selling patents. - Group work and presentation of the results.
Students will be able to analyse the market situation within the industry related to the analysed product in the frame of the course project „Business idea acid test”. - Written assignment including public presentation.
Final assessment. Students will be able to analyse, apply and compare various innovation development methods. They will be able to compare different types of innovation and to identify the most appropriate commercialization method. - Written exam - an individual essay on the topic selected from the list of suggested topics.
Students will be able to analyse market situation and creatively search for solutions to various problems. Students will comprehend and be able to apply the theories discussed in this course. - The exam is mandatory. If it is not passed, the student does not receive the final grade and the course is considered as failed. Students may earn extra 10 points for active class participation; however, the total number of points shall not exceed 100.
|Course prerequisites||According to the study programme.|