Entrepreneurship in the Mathematical Sciences (MATH10099)
Normal Year Taken
Delivery Session Year
The applications of mathematics and statistics to business and industry are widespread and pivotal. This course details a range of case studies in which our discipline has made a significant contribution to real-world applications, and introduces the skills required to develop entrepreneurial ideas into a successful business. The course culminates with teams of students presenting and critically evaluating their own business ideas, which are derived from the context of the mathematical sciences.
This course will introduce the key steps that lead from an entrepreneurial idea to the development of a business, including the safeguarding of business ideas, the implementation and execution of the idea, market research, customer validation, and pitching the idea to clients or investors. Students will also be introduced to practical examples of mathematical techniques and concepts that have made a clear contribution to the world of business and industry. The course will be assessed through three pieces of coursework: a technical essay detailing the mathematics behind one of the industry case studies; a collaborative report analysing the feasibility of a new business idea relating to the mathematical sciences (including a description of the customer base, future business scenarios, revenue model, and so on); and a group pitch developed by the students. Alongside the mathematical material, the course will provide a range of valuable business skills which will be applicable to any future career in commerce or industry.
Written Exam 0%, Coursework 100%, Practical Exam 0%
Additional Assessment Information
1. Mathematical Report on a chosen case study - 40%2. Group Pitch - 20%3. Collaborative report analysing the feasibility of a new business idea relating to the mathematical sciences (including a description of the customer base, future business scenarios, revenue model, etc.) - 40%. All collaborative assessments (see 2. and 3.) will involve peer feedback.
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