2024-25 Spring - TEMG4000H - Commercialization of Inventive Ideas

Course

Description

Inventive ideas are the result of extensive research and development by scientists and engineers, often leading to groundbreaking products, services, or platforms with the potential to revolutionize industries. However, transforming these innovative concepts into commercially viable ventures is a complex process that requires navigating various challenges. This course guides students through the journey of commercializing inventive ideas, from initial concept to market entry. Students will explore the critical steps in bringing inventions to market, starting with identifying product-market fit and developing comprehensive commercialization strategies and business plan. The course covers essential aspects such as identifying target markets, analyzing competition, estimating market size, and strategizing customer acquisition and sales channels. This course collaborate with the Office of Knowledge Transfer (OKT) and students will work on recommended HKUST’s Deep Tech projects led by professors and their project teams to develop commercialization plans for their inventions. Building upon the project team’s concepts, this course fosters authentic learning experiences and cultivates higher-order strategic thinking skills and interdisciplinary collaboration crucial for successful commercialization. By the end of the course, students will have a thorough understanding of the commercialization process and the ability to transform inventive ideas into marketable products or services, preparing them for the challenges and opportunities in bringing innovations to market. Instructor consent is required for this course.
Course period1/02/2530/06/25
Course levelUG
Course formatLecture