The purpose of this course is to expose engineering students to the process of innovation in the corporate environment. Innovation is a core corporate activity that seeks to achieve profitable and sustainable growth by creating value. Students are exposed to a broad definition of innovation that encompasses not only technical inventions but also creative channels to market and new business models. As part of the Innovation Management Process, students will learn to work within a stage-gate system commonly used in the industry. During this process, they will be required to understand market and customer needs, formulate value proposition, propose a business case, validate their assumptions and plan for a product launch among other activities. Grades are based on project work, peer-to-peer evaluation, team-based homework assignments. Senior or graduate standing.