COMMERCIALISING INNOVATION (ABERDEEN)

SHE Level 5
SCQF Credit Points 15.00
ECTS Credit Points 7.50
Module Code MMH624500
Module Leader Peter Wallace
School School of Computing, Engineering and Built Environment
Subject Instrumentation and Control
Trimester
  • A (September start)

Pre-Requisite Knowledge

Entry requirements of the MSc by Oil & Gas Innovation

Summary of Content

. This module maps on to the content of the University of Aberdeen's Module OG55X1 'Commercialising Innovation', which is a core element of the pan Scotland MSc Oil & Gas Innovation sponsored by OGIC and lead by the University of Aberdeen. This module has been created to capture the details of the credit obtained by GCU registered students on this programme. The students will attend the Aberdeen module and will be subject Aberdeen's disciplinary, appeals and assessment procedures for the purposes of the completion of that module. The final module mark will be recorded by the GCU assessment board against this Module. The information contained in this module descriptor has been captured from the equivalent Aberdeen University Document. -29 The purpose of this course is to act as an introduction to the MSc in Oil and Gas Innovation, and set the scene for the taught and research modules which follow, as such it has three very specific aims: -360 1. Academic: To provide a practical and theoretical framework for understanding and approaching the commercialisation of innovation. 2. Professional: To provide an overview of industry relevant context and appropriate tools and techniques for the commercialisation of innovation in the sector. 3. Educational: To build a peer-to-peer learning community with the goal of enabling participants to feel comfortable and open to sharing ideas, experience and practice. -29

Syllabus

This course covers the following themes. Each theme will be explored from a theoretical (Academic) and practical dimension (Professional). Several of these themes will be explored in more depth during later modules: Innovate -360b7 The nature of competitive advantage b7 The complexity of the innovation process b7 Types of innovation b7 High level innovation challenges facing the oil and gas sector b7 Design thinking and the lean start-up b7 Creative disruption Protect -360b7 Value propositions b7 Blue and Red Ocean strategy (market opportunities) b7 Clearance to operate/manage risk b7 Regulation spotting b7 Standards (benefits and risks) Mature -360b7 Business models b7 Market readiness b7 Business plans b7 Idea/project pitching In addition the following educational themes will be addressed: -360b7 Critical constructive project appraisal b7 Collaboration and knowledge sharing b7 Reflective professional review

Learning Outcomes

On successful completion of this module a student should be able to:Academic outcomes " Articulate and critically appraise the innovation process and the life cycle associated with the development and implementation of business-focused solutions.Professional outcomesInnovate " Apply and evaluate a range of tools and techniques for stimulating the innovation process. Protect" Understand the scope for disputes, litigation and regulatory intervention, relevant to implementing an innovation in the Oil and Gas sector, and be able to use these factors in the formulation and evaluation of an innovation proposal." Apply methods of intellectual property (IP) protection, appreciating the legal frameworks and practical aspects of intellectual property and freedom to operate" Appreciate the regulatory frameworks applicable to the Oil & Gas industry and in particular the role of innovation in the competitive landscape.Mature" Frame technical innovations in terms of market readiness (e.g. technology readiness levels)." Develop appropriate (early stage) business models and business plans." Pitch / effectively communicate an innovation proposition in order to obtain resources for implementing it.Educational " Prepare, provide and receive constructive critical feedback. " Contribute to the pool of shared course knowledge using a range of tools and techniques.

Teaching / Learning Strategy

The course will follow the 3-week block format used by the Business School. This includes: Preparation week - activities include guided reading, podcasts, videos and formative tasks; Teaching week - activities include lectures, group project, tutorials, mentoring from industry colleagues and group summative assessment; and Assessment week - activities include reflection and individual summative assessment. The Preparation and Assessment weeks are delivered through supported e-learning and can be completed, by the participant, from any location. The Teaching week is a face-to-face programme of activity and will normally be completed at the University of Aberdeen. However, the Teaching week could take place at another venue if the cohort of participants and additional funding allows. The Assessment week is for self-study and completion of individual assessments. Support will be available on-line and participants can complete their assessments from any location. Prior to the course learners will be grouped into 'Innovation Teams'. Each team will be given an 'Innovation Challenge' (Ideally these will come from the industry with challenges from different parts of the oil and gas sector). Teams will use this challenge to explore the concepts, theories and tools introduced during the course.

Indicative Reading

Indicative reading, which will include reading specific to the topics enumerated above, will be provided by the academic supervisor before the start of the module.

Transferrable Skills

The personal transferable skills gained will be critical evaluation and reasoning, analytical ability, time management, interpersonal communication and self-evaluation.

Module Structure

Activity Total Hours
Assessment (FT) 20.00
Seminars (FT) 15.00
Tutorials (FT) 10.00
Lectures (FT) 5.00
Independent Learning (FT) 100.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 3 n/a 30.00 45% Individual reflective review (1000 words limit)
Coursework 1 n/a 30.00 45% Group Presentation of response to the innovation challenge and Group summary of value add innovation (critique of another group idea)
Coursework 2 n/a 40.00 45% Individual Buisness Plan (1000 words limit)