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EI2600 Innovation and Entrepreneurship in Electric Power Engineering 6.0 hp

Course memo Autumn 2024-50390

Version 1 – 08/19/2024, 3:21:49 PM

Course offering

TIETM (Start date 26 Aug 2024, English)

Language Of Instruction

English

Offered By

EECS/Electrical Engineering

Course memo Autumn 2024

Headings denoted with an asterisk ( * ) is retrieved from the course syllabus version Autumn 2022

Content and learning outcomes

Course contents

- The main content of the course is techniques for analyzing innovation processes related to the development of an idea or invention into a commercially viable product or service.

- The main focus in the course is to analyse the innovation process surrounding a number of successful and less successful development projects in the field of electric power engineering

- The taught techniques for analyzing the innovation processes are then applied to some specific cases with a non-obvious market potential.

Intended learning outcomes

After passing the course, the student shall be able to

analyse the evolution of the existing electrical power system and the processes behind the key inventions and their development into innovative products that are now well-established

analyse the impact different stakeholders such as regulators, utilities, manufacturers and end customers have on the market for products and services in the field of electric power engineering

analyse the impact of the electricity price on investments in the electrical power grid

analyse how sustainable development creates incentive for innovation and entrepreneurship in the field of electric power engineering

describe how improvements in material properties, computational models etc affects innovation processes

identify key technological innovations and development in other areas that leads to innovations in the field of electric power engineering

describe the necessary steps that needs to be taken in order to place a new or improved product on the market.

develop a simple business plan

describe the process of patenting an invention.

Learning activities

This course consist of three assignments (1.5 credits each) and in addition to this attending and being active at the seminars (1.5 credits). For the assignments there will be a number of qulifiers. Basically small quizess given at the letures. You need to succesfully finish the qualifiers in order to start the assignment.

 

Qualifiers

These will take place in the beginning of a few lectures. They will be presented in Canvas and should be worked at individually and at the lecture. 

 

Assignment 1 (1-3 persons)

Assignment 2 (1-3 persons)

Assignment 3 (individual)

Detailed plan

Schedule: See KTH Schema for time and location.

L-Lecture (on campus)

Sup - Supervision (on campus or online)

Sem - Seminar (on campus)

Dline - Deadline (submission online)

 

Reading instructions

BT - Bessant & Tidd - Innovation and Entrepreneur ship

TB - Tidd Bessant - Managing Innovation - Integrating technological ...

Type Subject
L1 Course introduction, requirements, learning and concepts.
L2

Creativity, Sources of innovation
Literature: Chapter 1 and  Sources of innovation BT3edChapter 6 / TB7ed Chapter 6 

L3

Qualifier 1

Searching for opportunities/strategies for innovation. Innovation networks and frameworks.
Literature:
TB7ed Chapter 7 / BT3ed Chapter 7

L4

Qualifier 2

Developing an innovation strategy. Building an innovative organization. Leadership and Team buiding. Exploiting networks
Assignment 1 introduction.
Literature:
T&D:I,Chapter 8&9 T&D:II, III: Chapter 3&4

L5xt

2h Social Innovation. Innovation, Globalization and Development. National Systems of Innovation.
T&DI : Chapter 2, 3
T&DII Chapter 14, T&DIII N/A
1h Guest lecture from KTH Innovation
1h Wrap up/spare time

Sup1 Supervision Assignment 1
Dline Assignment 1 Report and presentation, submitted to Canvas
Sem1 Seminar Assignment 1 Group presentations
L6

Qualifier 2

Open innovation and collaborations.
Literature: T&DI Chapter 7
T&DII Chapter 11
T&DIII Chapter 10
Assignment 2 introduction.

L7

Developing/creating new products and services (service innovation)
Literature:
T&DI Chapter 11
T&DII, Chapter 10:
T&DIII, Chapter 9:

L8xt Guest lecture: IP rights- Intellectual property rights.
Sup2 Supervision Assignment 2
L9 Project 3 introduction. Your own product/service etc
Developing new ventures Pt. 1 – Creating a business plan.
Literature: T&BI: Chapter 12
T&DII: Chapter 12
T&DIII: Chapter 11
L10 Developing new ventures Pt. 2 – Financing
Literature:
T&DI: Chapter 12-14, 16,17: Creating new ventures, etc
T&DII: Chapter 12,13
T&DIII: Chapter 11-13
Dline Assignment 2 Report and presentation, submitted to Canvas
Sem2 Seminar Assignment 2, Group presentations
L11 Guest lecture or innovation exercise: TBD
L12 Course summing up lecture, reserve
Sup3 Supervision Assignment 3
   
Dline Project 3, submitted to Canvas
Sem3 Poster session Project 3

 

Preparations before course start

Literature

Main course books

The two books below overlap quite much and no need to buy both.
-John Bessant and Joe Tidd, Innovation and Entrepreneurship, 3rd ed., 2015, Wiley.
-Joe Tidd and John Bessant, “Managing Innovation,- Integrating Technological, Market and Organizational Change”, Wiley, 7th ed. 2021. The 5th ed is available on-line at KTH and is good enough.

https://learning.oreilly.com/library/view/managing-innovation-integrating/9781118360637/?sso_link=yes&sso_link_from=kungliga-tekniska-hogskolan


A number of articles/supplementary reading will be distributed during the course.

 

Recomendations:

Another useful book about the basics is
M. A. Schilling, “Strategic Management of Technological Innovation”, 3rd ed. McGraw-Hill


A good book on the relations between materials and innovations is:
Gessinger, G. H , Materials and innovative product developmen: using common sense / Gernot H. Gessinger ISBN 0-08-087820-2 Burlington, MA : Butterworth-Heinemann, 2009,

A simple book on business can be good to read, e.g.
Josh Kaufman, “The personal MBA – A world class business education in a single volume”

The books can be purchased on any internet bookstore, all other material will be put on “Canvas”.

 

Examination and completion

Grading scale

P, F

Examination

  • INL1 - Assignment 1, 1.5 credits, Grading scale: P, F
  • INL2 - Assignment 2, 1.5 credits, Grading scale: P, F
  • INL3 - Assignment 3, 1.5 credits, Grading scale: P, F
  • SEM1 - Seminars, 1.5 credits, Grading scale: P, 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.

The section below is not retrieved from the course syllabus:

The examination consists of three assignments/ projects/case studies and active participation in seminars.

Assignment 1 and 2 are performed as projects in groups of 2-3 persons, Project 3 is an individual project. The analysis of each case should be documented in a report of 2000 (min) – 3500 (max) words. The results should also be presented in a poster presentation by the full group (group size =1 in last project) in the mandatory seminars.


The following projects/assignment/cases will be treated:
1. Project 1 Case: Material related innovations in electric power area.

Deadline: October 6th, 08:00. Presented in the following seminar.


2. Project 2 Case: Innovations related to sustainability, efficiency, reduced emissions, renewable energy, optimisation.

Deadline: November 24th 08:00. Presented in the following seminar.


3. Project 3. (Individual) Business Case: A product/service/etc. of your own choosing.

Report + poster deadline: December 10th, 08:00. Presented in a poster session/seminar. Best poster will be awarded. Peer-review comments should be given on report (delivered to respective student on canvas).

Other requirements for final grade

Approved assignments (INL1, INL2 and INL 3). Presenting and participating in the joint seminar (SEM1).

Ethical approach

  • 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.

Further information

Changes of the course before this course offering

Learning outcomes updated, primarily adding sustainability aspects.

Round Facts

Start date

26 Aug 2024

Course offering

  • TIETM Autumn 2024-50390

Language Of Instruction

English

Offered By

EECS/Electrical Engineering

Contacts

Course Coordinator

Teachers

Examiner