The Engineering and Business Case powered by InnoEnergy (E&BC) is all about real-life interaction between our students and businesses in the renewable energy sector.
The E&BC programme helps you become a leader of the future in the field of renewable energy. It gives you the opportunity to participate actively and effectively in the process of generating either a new businesses, product or service through the development and evaluation of new ideas, and by designing viable business models to bring them to market.
Developed by InnoEnergy in conjunction with Harvard Business School, Aalborg University, Meyer Burger and EDPR, the E&BC combines the case method of teaching (first implemented by Harvard and ESADE Business School, and now a key feature of many leading MBA courses) and project-based learning pioneered by Aalborg University and widely used in engineering schools.
The E&BC programme is divided into three connected modules, as follows:
The E&BC programme starts in the first semester of your first year with a five-day training module that introduces you to the business case methodology: the Entrepreneur in a Week course at Católica Lisbon School of Business and Economics. Courses on energy markets, the energy economy, and energy engineering give you a realistic and rounded view of the energy sector.
This first training session introduces you to the principles of building a start-up, and introduces you to the process of turning an idea for a new product, service or business into a plan for implementation.
During this first module, you start working on a specific business and innovation case that has been developed by one of our business partners – or on your own business idea.
On return to your university, you continue working on your case in a small group with some of your fellow students.
You will then get the chance to continue your group work and present your results during the Winter School at ESADE Business School, which takes place later in the first semester and where you will receive further training.
The first part of the E&BC programme gives you a taste of the innovation process, and is designed to start you thinking of yourself as a potential technology entrepreneur. It will make you aware of all the steps involved in developing a new product or service and gives you the necessary knowledge to complete them.
The E&BC programme continues in the second semester of your first year. In this module you start working in small groups on a more advanced case study from one of our industry partners.
The project combines technology development and business creation. Your work will be supervised not just by the professors at your university, but also by a business professor and one of our industry experts.
The topic is provided by one of our industry partners and will focus on one of the innovative products or services they have developed in the past few years. The company is also involved in your supervision, to help you demonstrate the feasibility of the product or service.
You will get the chance to pitch the results of your work to your fellow MSc RENE students during the Summer School at ESADE Business School.
This module is designed to teach you about business creation and innovation in larger companies. It will enable you to develop the skills you need to become an entrepreneur and start your own company – or to become an intrapreneur working in an established organisation.
The final part of the E&BC programme takes place during the first semester of your second year. This is when you get the opportunity to apply the knowledge and skills knowledge you have acquired so far to solve a real-world business challenge.
In a multi-disciplinary and multi-national group, you will develop an open-ended real case that has been provided by one of the start-ups supported by InnoEnergy Business Creation Services – our business accelerator and investor – or by one of the R&D projects supported by InnoEnergy Innovation Projects. It will cover all the stages of development for new products and services, from the identification of market needs and opportunities, to designing a proof of concept.
This is where you get the chance to put what you have learned to date into practice – and to identify where gaps in your own knowledge or understanding still exist. You then take responsibility for reading, researching and taking the necessary technical courses to fill those gaps.
Recent business cases
Examples of recent business cases include:
- Tecnoturbines is a start-up with patented technology for recovering energy in hydraulic turbines. Students were tasked with applying the underlying technology to other types of turbines, for example oil or gas turbines, and assessing the market for such developments.
- Smalle is a start-up that has developed a wave-energy generator for data buoys. The challenge for students was to explore the offshore aquaculture sector and the opportunities presented for selling wave-energy generator buoys in this market.
- AEInnova specialises in solar photovoltaics. Students working on this challenge were tasked with developing the means of applying Peltier cells to the reverse side of solar PV panels in order to transform produced heat back into electricity, and to use that electricity to power the smart sensors that monitor each panel.
“Close cooperation between a university and industry offers mutual benefits. Both need to close the existing gap between them, by collaborating and sharing their experiences and their requirements so that the transition between study and work is smoother for students and graduates. InnoEnergy Engineering and Business Case is a real example of how to build new bridges to close this gap.”
Oier Bolibar, sales director, Meyer Burger
“As an industry professional, I believe the energy sector can take advantage of the practical experience of students [on the MSc RENE programme] and their capacity to face day-to-day business challenges”
Rafael Solís Hernández, senior communication manager, EDP Renewables
“The RENE Master’s promotes hands-on experience by training you to solve real engineering and business cases. The engineering and business case enables you to cooperate with industries and start-ups. It gives you full understanding of the actual markets and it offers you global projection.”
Federica Carnicelli, MSc RENE graduate