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Annual Report - Swinburne University of Technology

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<strong>Swinburne</strong> <strong>University</strong> <strong>of</strong> <strong>Technology</strong><br />

■ The Entrepreneurial <strong>University</strong><br />

Statement <strong>of</strong> Direction 2010 Objective<br />

<strong>Swinburne</strong> will become a renowned centre for<br />

entrepreneurship and innovation. Entrepreneurship and<br />

innovation will be a hallmark <strong>of</strong> everything that we do.<br />

We will prepare students to participate in the new economy<br />

and society <strong>of</strong> the 21st century and heighten their<br />

awareness <strong>of</strong>, and capacity to make the choice between,<br />

employment and self-employment.<br />

We will do this by emphasising the following strategies:<br />

■ creating an inspiring culture <strong>of</strong> creativity and innovation<br />

throughout the <strong>University</strong><br />

■ pursuing innovation in the forms <strong>of</strong><br />

– new technologies<br />

– new products (which can be based on existing<br />

technologies)<br />

– new forms <strong>of</strong> business organisation and services<br />

– new forms <strong>of</strong> social organisation<br />

– new and improved administrative processes<br />

– new education approaches<br />

– new course materials<br />

for the benefit <strong>of</strong> society as a whole<br />

■ creating an environment favourable to the creation and<br />

development <strong>of</strong> Intellectual Property (IP) throughout the<br />

<strong>University</strong><br />

■ building a general learning environment conducive to<br />

innovation and entrepreneurship<br />

■ commercialising IP generated by staff and students;<br />

■ providing appropriate infrastructure support for<br />

commercialisation and development <strong>of</strong> IP<br />

■ sourcing seed and venture capital for commercialisation<br />

and development <strong>of</strong> IP<br />

■ providing incentives to staff and students for the<br />

commercialisation <strong>of</strong> IP they generate<br />

■ making available to all students subjects in, and content<br />

relating to, innovation and entrepreneurship.<br />

<strong>Swinburne</strong> defines an entrepreneurial university as one<br />

that pursues the traditional academic goals <strong>of</strong> developing<br />

and transmitting knowledge, with an innovative and<br />

entrepreneurial approach. While accumulating resources is<br />

not an end in itself for a university, achieving academic<br />

goals requires resources to be accumulated. The primary<br />

goal is to improve the educational environment for the<br />

benefit <strong>of</strong> our students.<br />

Strengthening Leadership and Direction<br />

Leadership and direction applies to both internal activities<br />

and externally in the <strong>University</strong>’s relationships with the<br />

community. The goal is to ensure the <strong>University</strong> is able to<br />

grasp opportunities as they arise, and that <strong>University</strong><br />

processes, systems and corporate services support such<br />

initiatives. Decision-making models need to be developed<br />

at all levels that will enable the appropriate mix <strong>of</strong><br />

executive, collegial and strategic decision-making<br />

processes.<br />

<strong>Swinburne</strong> Lilydale has developed significant projects with<br />

regional partners. They are:<br />

■ Yarra Valley, Dandenongs and the Ranges – Food, Wine<br />

and Tourism Online<br />

■ Yarra Ranges Enterprise Centres, Regional Business<br />

Incubator<br />

■ Yarra Valley Regional Branding Project<br />

■ Sustainability Case Studies<br />

■ Small Business Triple Bottom Line Indicators<br />

■ Dreaming Stories <strong>of</strong> the Yorta Yorta People<br />

■ Wine Export Feasibility Study for Eight Local<br />

Winegrowers.<br />

The Division also contributed to the development <strong>of</strong> the<br />

Shire <strong>of</strong> Yarra Ranges 2020 vision statement, which<br />

included, among other things, Reconciliation Week and<br />

Shire Graduate Certificate.<br />

Promoting Innovation<br />

The <strong>Swinburne</strong> Venture Cup was held for the third year in<br />

2002 attracting 176 students in 51 groups. It is a 10<br />

week business planning competition for teams <strong>of</strong> students<br />

at each level <strong>of</strong> the university – TAFE, Undergraduate and<br />

Postgraduate. The task sounds straightforward but<br />

students involved have spent hundreds <strong>of</strong> hours devising,<br />

expanding and refining their business concept.<br />

22<br />

<strong>Annual</strong> <strong>Report</strong> 2002

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