This document outlines an information session about an Master of Business program focused on careers in the business of science and technology. It discusses Monash University's expertise in this area since the 1970s, as well as new facilities and collaborations between various faculties. The presentation describes an integrated innovation approach to commercializing scientific discoveries, and explains that the Master's program provides skills to commercialize technical knowledge through industry projects and partnerships. Finally, it outlines the program structure, career outcomes, and experiences of alumni.

1. Exciting Careers in the Business
of Science & Technology
Master of Business information session
ExcitingCareersintheBusinessof Science&Technology 1
Presentedby Dr Peter O’Neill, Monash University – 19th May 2015

2. Outline
 Monash - Science & Technology … + Business
 Pathways from Science to Wealth
 Integrating Innovation (?)
 Master of Business (Science and Technology)
 Entry Requirements
 Career outcomes
 Course Structure - Units
 Commercialisation Projects – Relationships
 Some Alumni Experiences
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3. 1984 Reproductive Medicine IVF 2015 Regenerative Medicine Stem Cell
Therapies
Monash expertise - Medicine, Science, Technology
and Business
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Since the 1970’s Monash IVF has been a driving force in the development of assisted reproductive technologies (ART) in
Australia and overseas.

4. Press Release 12 May 2015

5. Monash University’s (new) SensiLab
 New technologies – humanoid robots … 3D printers
 Most innovations … usually done in collaboration
 People from Science, Technology … + Business
 SensiLab lab will hothouse researchers from faculties of:
 IT, engineering, art, design & architecture … + Monash Business
School
 Opened 13 May 2015.
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6. Pathways from Science to Wealth
 The importance of the
commercialisation of technology
 How do you create wealth from
science?
 What does the commercialisation
process involve
 What happens if someone else starts
selling the same thing or something
better? Can you prevent this from
happening?
 How can you tell if it is lively to be
worthwhile?
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7. Science vs Technology
Science
 Focuses on understanding how things work and outcomes
Technology
 Application of technology into a form suitable to confer for widespread benefit to people
 Distribution of technology-based product/service to fulfil demand
 Process involves many people, varied backgrounds, skills, needs and ambitions …
People are complex … navigation of systems, obstacles and problems.
The ability to commercialise new knowledge is essential for competitive advantage in
the private and public sector.
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8. Integrated Innovation Approach
It’s 2015 – Why is there a Black Box in the middle?
ExcitingCareersintheBusinessof Science&Technology 8
Scientific and
technological
problems
Technology push Market pull
Marketplace

9. Integrated Innovation Approach
Why are we (scientists and technologists) responsible?
ExcitingCareersintheBusinessof Science&Technology 9
Scientific and
technological
problems
Technology push Market pull
Marketplace
clash

10. Integrated Innovation Approach
Who really fails?
ExcitingCareersintheBusinessof Science&Technology 10
Scientific and
technological
problems
Technology
solution…
Push – no concern for
market forces
Marketplace
fails
Market Need…
Pull – primary
ideas
– R&D reactive
role
+ 10 years
+ $500M

11. Integrated Innovation Approach
Could we be more Commercial as Scientists & Technologists?
HOW?
ExcitingCareersintheBusinessof Science&Technology 11
Scientific and
technological
problems
Technology push
– No concern for
market forces
Marketplace
focus
Market Pull
– primary ideas
– R&D reactive
role

12. Integrated Innovation Approach
Could this approach help?
ExcitingCareersintheBusinessof Science&Technology 12
Scientific and
technological
problems
Technology push
– Science
– Technology
– IP Position
– IP Competition
Marketplace
Market Pull
– Situation
– Problem
– Implication
– Need
FOCUS
– Potential
 Market
 Customer

13. A field of growing importance involving…
 Product development processes
 Different technology transfer models including:
 licensing & partnering
 spin-outs & start-ups (commercialisation!!)
 Creative application of science and technology
 Research-business interfaces
 Selling products into national and international markets
 Entrepreneurs creating and capturing revenues.
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14. About Master of Business (Science and Technology)
 Aimed at professionals who want to drive innovation, growth and commercialisation in
Australia and across the world
 You will participate in projects specifically developed to teach you how to manage and
commercialise cutting-edge medical, scientific and technology projects
 Provides the skills and experience to commercialise scientific and technical knowledge
 Designed for graduates with a background in science or technology
 Taught by experts within the industry and guest lecturers including patent attorneys,
lawyers, consultants, venture capitalists and industrialists
 2 years full time or 4 years part time.
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15. Entry requirements
 Completed an Australian bachelor’s degree or an equivalent qualification with a major
in science or technology and a weighted average mark (WAM) of 60% or an equivalent
GPA.
 Applicants will be ranked and selected based on their entire academic record
 Apply by 30 June, 2015 for entry in semester 2, 2015
 Apply by 31 January 2016 for entry in semester 1, 2016.
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16. Career outcomes
Our graduates have pursued careers as:
 Science/technology policy maker
 Advisor on scientific/technology projects within the banking, finance or investment
industry
 Project consultant or manager
 Research and development administrator
 Scientific researcher
 Entrepreneur - science/technology start-ups
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17. Units in the course
Four business foundation units:
 Law and business decisions
 Economics
 Personal development – managing self
and relationships
 Managing innovation
Six specialisation mastery units:
 New venture finance
 Commercialisation project (12 points)
 Pathways from science to wealth (12
points)
 Accounting for business
 Patenting for commercialisation
 Foundations of marketing
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A further 4 graduate-level units (24 points) offered by the Monash Business School.
See website for the full list of units. www.business.monash.edu

18. Commercialisation Projects – Relationships
Long standing relationships with cutting-edge companies/institutes …
All wanting to commercialise their IP
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19. Alumni experiences and questions
 Patrick Ross (former Bosch Eng.
VP - AP)
 Chandini Doguparthy (2014)
 Emily Chhen (2010)
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