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They hope to create diverse industries based on converting domestic and industrial waste into new products ; ensuring safe water supplies for stock and humans , cleaning up toxic dumps , and creating long-life paint with living bacteria . Information for industry : The University of Melbourne can work with your organisation on problems of common interest , and transfer knowledge and technology into new products and services of social , economic and cultural benefit . " Banks says that the 49-credit program will focus on teaching students to manage people and resources within technological organizations and will integrate technology into the work environment and focus on the conversion of technology into new products and services . I want to help business develop technology into new products and services . ' s consumer information unit will share his strategies for diversifying a market leader into new products and revenue streams , where Yahoo ! There are no models that explicitly link access and entrance into new product markets . In addition , the latter Fund would provide loans to purchase or update equipment or technology which is intended to increase productivity or provide entrance into new product markets . Students will explore the common ground shared by new fields of technology and learn how to transform technological expertise into new product ideas .