- 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.

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.

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)

Schedule: See KTH Schema for location.

L-Lecture

Sup - Supervision

Sem - Seminar

Dline - Deadline

BT - Bessant & Tidd - Innovation and Entrepreneur ship

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

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”.

Students at KTH with a permanent disability can get support during studies from Funka:

Funka - compensatory support for students with disabilities

P, F

• 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 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).

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

• 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.

Learning outcomes updated, primarily adding sustainability aspects.