Abstract

This subject explores the unique opportunities and challenges associated with regional innovation and entrepreneurship. It emphasises the development of an entrepreneurial mindset and practical skills necessary to identify, evaluate, and launch innovative ideas. The subject combines theoretical frameworks with hands-on experiences, including an introductory bootcamp to kickstart the journey with … For more content click the Read More button below.

Syllabus

Weekend 1: Introductory Bootcamp Overview of Regional Innovation and Entrepreneurship Introduction to regional innovation ecosystemsImportance of regional innovation in economic development The Entrepreneurial Mindset Characteristics of successful entrepreneursCultivating an entrepreneurial mindset Workshops on Design Thinking and Lean Startup Methodologies Introduction to design thinking principlesLean startup methodologies: Build-Measure-Learn cycle Team Formation … For more content click the Read More button below. Forming diverse and interdisciplinary teamsBrainstorming and ideation techniques   Weekend 2: Challenge Event/Design Sprint Intensive 48-hour Design Sprint Identifying a regional challengeRapid prototyping and testing solutions Mentorship from Local Entrepreneurs and Industry Experts Guidance and feedback from experienced mentorsReal-world insights and advice Team Presentations and Feedback Sessions Presenting solutions to a panel of judgesReceiving constructive feedback   Week 5-8: Innovation to Impact and Business Model Development Masterclasses on Business Model Development and Validation Understanding different business modelsValidating business models through customer feedback Case Studies of Successful Regional Startups Analysing regional startup success storiesLessons learned from real-world examples Workshops on Market Research, Customer Discovery, and Financial Planning Conducting market research and identifying target customersDeveloping financial projections and planning Development of a Detailed Business Model for a Regional Innovation Creating a comprehensive business model canvasIterating and refining the business model   Week 9-12: Innovation Placement Placement in a Regional Enterprise or Startup Gaining hands-on experience in a real-world settingApplying subject concepts in practice Weekly Reflection Journals Reflecting on the placement experienceDocumenting learnings and challenges Final Presentation on Placement Experience Summarising the placement experienceHighlighting key takeaways and impact   Week 13-15: Final Project: Innovation to Impact Plan Development of a Comprehensive Innovation to Impact Plan Creating a detailed plan to take an innovation to marketAddressing key elements such as market need, value proposition, and scalability Presentation to a Panel of Industry Experts Pitching the innovation to a panel of judgesReceiving feedback and refining the plan

Assessment items

1. Bootcamp Participation and Reflection
2. Design Sprint Presentation
3. Lean Canvas and Report
4. Internship Performance and Reflection Journal
5. Innovation to Impact Plan and Presentation

Enrolment restrictions

Restricted to Students in the start up year program