MF2053 Innovative Product and Business Development 18.0 credits

The advanced course Innovative Product- and Business Development is formed around a real innovation project, which is based on an idea from an existing company, researchers or students and carried out by a group of students. The project involves both technology and product development, as development of a business plan associated with this technology/product. The students work in gropus of 3-4 students and the group's mission is also to jointly manage and organize the work. The course run for one semester, period 3 and 4 in the fall. 

Students shall:

• Have developed an ability to lead, plan and work in innovative development projects.
• In a structured way be able to adress complex problems in a technical and business context.
• Be able to independently apply the tools, methodologies and analytical frameworks for product innovation and development work introduced during the Masters.
• Have developed a practical ability to understand and manage innovation-related challenges.
• Have the ability to make reasonable assessments of economic, technical and market constraints in innovation.
• Be able to write extensive business plans and reports.
• In a meritorious way communicate their innovative work and its results in oral and written presentations for different audiences.
• Be able to reflect on different ethical perspectives on technological innovation activities, including social, environmental and work environment aspects.

Only open for students taking the Product Innovation Management track within the Integrated Product Design Master programme.

Exchange studends can take the course if they have the right prerequisites - course MF2046 Product innovation and MF2051 R6D Strategy and Organisation or comparable courses.

Only open for students taking the Product Innovation Management track within the Integrated Product Design Master programme.

Exchange studends can take the course if they have the right prerequisites - course MF2046 Product innovation and MF2051 R6D Strategy and Organisation or comparable courses 

A selected book on entrepreneurship and business development, as well as articles and extracts from books.

If the course is discontinued, students may request to be examined during the following two academic years.

• PRO1 - Project, 18.0 credits, grading scale: A, B, C, D, E, FX, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

80% of examination consists of the project work.

20% of examination consists of two reflectionreports, one halfway thorough the project and one in the end of the project. 

Gunilla Ölundh Sandström

• All members of a group are responsible for the group's work.
• In any assessment, every student shall honestly disclose any help received and sources used.
• In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Only for Master students in TIPDM 2 IPDD