Entrepreneurship and Innovation | Federation University

BUDIP1501 Entrepreneurship and Innovation

Entrepreneurship and innovation are important areas in today¿s business world. In the past, entrepreneurship has mainly focused on starting small businesses, while innovation has often been about creating new products. This unit introduces students to both areas and helps them understand how they are connected. Students will learn the basic concepts of entrepreneurship and innovation and how these can be applied in practical ways. The unit will focus on developing students¿ creativity and problem-solving skills, and their ability to work with others to bring ideas to life. Students will also explore how to recognize business opportunities, find resources, and begin developing simple business ideas or improvements within existing organizations. The course has been designed to incorporate additional learning hours to support students¿ academic and study skill development.

Commonwealth supported place (CSP)

A CSP is subsidised by the Australian Government and students pay a contribution amount. Each unit is classified into a band, depending on the study area of the unit (this discipline may be different from the study area of your course).

2026 contribution amount* $2,175
2026 grandfathered contribution amount^ $1,703

^ If you are a continuing student who commenced your course before 1 January 2021, you will continue paying the same amount as you would have, had legislative reforms not been implemented, for any units that would otherwise have an increased student contribution amount.

* For Psychology and Social Work bands the unit fee amount is determined by accredited courses. Students in Postgraduate Clinical Psychology, Professional Pathway Psychology or Professional Pathway Social Work accredited courses should refer to the information below.

Domestic full fee–paying places

A domestic full fee–paying place is one that isn’t subsidised by the Australian Government. These places are offered to postgraduate students or those who are ineligible for a CSP. Domestic postgraduate tuition fees are course-based annual fees, which means individual unit fees vary according to the degree. To find out more about domestic tuition fees and view the relevant fee schedule visit our fees website.

International full fee–paying places

International tuition fees are course-based annual fees and the unit fee you pay will vary according to the degree you are studying. To find out more about international tuition fees and view the relevant fee schedule visit our fees website.

Course or unit outline