Study-Unit Description

Study-Unit Description


CODE EBI3090

 
TITLE Business for Bioscience

 
UM LEVEL 03 - Years 2, 3, 4 in Modular Undergraduate Course

 
MQF LEVEL 6

 
ECTS CREDITS 4

 
DEPARTMENT Centre for Entrepreneurship and Business Incubation

 
DESCRIPTION This study-unit shall focus on the importance that early career bioscientists possess a combination of scientific expertise and business awareness to serve as highly valued links between the industrial research process and development /commercialization routes of market.

As many science graduates lack even rudimentary business awareness, this study-unit is designed to prepare graduates for employment in the bioscience industry.

Study-unit Aims:

The aim of this study-unit is to help students recognise the commercial value of scientific research as well as to grasp the key points of how a commercial return on investment is generated by employers such as the pharmaceutical industry.

Learning Outcomes:

1. Knowledge & Understanding:

By the end of the study-unit the student will be able to explain the basic principles of enterprise including:
- Business structures;
- Intellectual property;
- Innovation life cycles;
- Business model;
- Market research;
- Business planning;
- Business budgets; and
- Raising finance.

2. Skills:

By the end of the study-unit the student will be able to:
- Prepare product summary;
- Undertake market research; and
- Create a business budget.

Main Text/s and any supplementary readings:

Handbook to be provided by tutor via VLE.

 
STUDY-UNIT TYPE Lecture and Independent Study

 
METHOD OF ASSESSMENT
Assessment Component/s Assessment Due Sept. Asst Session Weighting
Assignment SEM1 Yes 30%
Assignment SEM1 Yes 30%
Assignment SEM1 Yes 40%

 
LECTURER/S Russell Smith

 

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years.

https://www.um.edu.mt/course/studyunit