This subject aims at providing the basics about the role of entrepreneurship and technological change in the life science sectors, from the perspective of economic and managerial disciplines. In particular, the student will be able to assess, plan and manage the implication of technological change with the aim to: (1) interpret the evolution of markets and economic sectors through innovation and technological change dynamics; (2) apply management tools and corporate strategy to promote innovation; (3) launch new businesses.
The first module aims to provide the basic elements for the understanding of innovation processes (definitions, measures and indicators, global trends). The second module deals with the tools for strategic management and development of innovation in the life sciences sectors (analysis of competitive advantage, link between technology and competitive strategy, innovation strategy, open innovation). The third module covers innovation and R&D management (including intellectual property right mechanisms and strategies). The fourth module aims to provide the basic elements for the understanding of entrepreneurial processes (definitions, measures and indicators, global trends) and deals with the tools for the launch and development of innovative ventures in the life sciences sectors (generation and evaluation of an entrepreneurial idea, development processes through design thinking and lean startup approach, business model design, entrepreneurial finance, academic entrepreneurship).
Teaching is organized through lectures, with special attention to the confrontation and direct dialogue with the students, who can, during the lessons, formulate proposals for in-depth study or debate.
During the course cycles of meetings will be organized, with qualified actors of the entrepreneurial ecosystem in the life sciences sectors, aimed to deepen methodologies and application fields.
Within the course cycles of seminars will also be organized with practical exercises, concerning the development - through laboratory activities - of an innovation project, also concerning the launch of a new business.
The exam consists in a final written assignment to be accomplished within 1.5 hours. The written exam is divided into two parts: the first part consists of 4 open questions regarding the formulation of theoretical elements (related to the theories of innovation, technological change and entrepreneurship) and practical application (related to the discussion of real innovation cases), scoring average of 20 points. The second part consists of multiple-answer questions, corresponding to 12 points.
The final vote is the sum of the score obtained in the first and second part; with the possible addition of up to a maximum of 3 points for the development of a project work to be agreed with the lecturer during the semester, concerning module 2 (innovation) and/or 4 (entrepreneurship) of the theory part.
Would the course be taught in blended or distance-based teaching modes, modifications might be carried out with respect to above, to make the course and the exams accessible under the new teaching modes.