Unit of competency Outline

Date retreived
22/07/2026 8:42 AM AWST

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Commercialise research and technology product or idea

Commercialise research and technology product or idea

Unit of competency
National Code
AMPMGT806
State Code
AVW82
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
01/12/2015
View on TGA
State Implementation and Classification
Approved Date
03/05/2016
Field of Education
080505 - Marketing
Original Release Date
03/05/2016
Nominal Hours
100
Description
This unit describes the skills and knowledge required to undertake the fundamentals of product/idea commercialisation. It describes the process from conception to launch to full production.Competency requires developing the skills and knowledge to successfully research, analyse, cost and develop a business opportunity for a product/idea. This unit also describes the skills required to manage commercialisation and evaluate product success.This unit applies to leaders or managers responsible for developing a commercialisation strategy for an innovative product or technique, which has been developed through research.Leaders undertaking product commercialisation must investigate and negotiate the legal and partnership implications of commercialisation, undertake market testing and develop commercialisation strategies.No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Investigate commercialisation options
  • 1.1 Describe product/innovation to be commercialised
  • 1.2 Analyse innovation alignment against organisation's innovation objectives
  • 1.3 Research, analyse and test market opportunities
  • 1.4 Investigate optimum business structure and funding options
2. Develop commercialisation proposal
  • 2.1 Determine resourcing requirements
  • 2.2 Develop marketing plan
  • 2.3 Determine supply chain strategy
  • 2.4 Determine strategies for managing Intellectual Property (IP)
  • 2.5 Determine environmental sustainability of proposed product/idea
  • 2.6 Develop risk mitigation plan
  • 2.7 Negotiate proposal modifications with key stakeholders
3. Prepare for implementation
  • 3.1 Develop project implementation plan
  • 3.2 Determine monitoring process
  • 3.3 Establish and develop required business processes
  • 3.4 Assemble project team
No information
No information
Replaces
State Code National Code Title Type
D8745 MTMBUS706A Commercialise research and technology product/idea Unit of competency