ENT 3501 Starting a venture

ENT 3501 Starting a venture

Course code: 
ENT 3501
Department: 
Strategy and Entrepreneurship
Credits: 
7.5
Course coordinator: 
Silje Katinka Jansen
Course name in Norwegian: 
Oppstart av bedrift
Product category: 
Bachelor
Portfolio: 
Bachelor of Entrepreneurship - Programme Courses
Semester: 
2022 Spring
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

This is a practical course where students receive training in developing ideas, commercialization and setting up a business. The students will during the course initiate and start a new venture, either as a "Student Corporation" or as an ordinary company.

The course will go more in-depth on developing business ideas, with focus on Effectuation and Lean Start-up. Throughout the semester, the students will develop their own entrepreneurial mindset and problem-solving skills through experimental learning and reflection.

Learning outcomes - Knowledge

The course provides an insight of the field of entrepreneurial mindset in theory and practices. The students will achieve a better understanding of the key themes and concept in the field of starting a new venture, with special focus on costumer discovery.

Learning outcomes - Skills
  • Self-awareness: Who you are? What you know? Whom you know?
  • Test and evaluate the market potential for a start-up: Hypotheses, test the problem and solution, verify, pivot or proceed
  • Reflect and learn from your experiments
  • Challenges connected to start up, resources and time
  • Networking and experience with collaboration to reach a company's goals
  • Pitch and presentation
  • Ability to operationalize a business model and business plan
General Competence

During the course, the students will gain experience with real choices related to testing ideas, evaluation and commercialization of a company. Furthermore, the ability to critically reflect on the optimal balance among stakeholders, ethics and the need to create sustainable value.  

Course content

Step 0: Inspiration

Step 1: The entrepreneur: Who you are, and what you know?

Step 2: The entrepreneur: Whom you know?

Step 3: Idea, problem statement and registration

Step 4: Business model

Step 5: Hypotheses, test and learn

Step 6: Segmentation

Step 7: Value, stakeholders and product brochure

Step 8: The process to acquire a paying costumer

Step 9: Finance

Step 10: Business plan

Step 11: Pitch and presentation

Teaching and learning activities

The course will use a combination of lectures, group discussions and other student activities. The teacher will facilitate for a high level of interactivity, through group work and reflection. Through exchanges between lectures, discussions, and practical experiences, the students will get a vivid picture regarding the process of starting a new venture. In addition, there will be compulsory student activities in and between the lectures during the whole semester, such as individual logs.

As a mean to promote motivation and learning, the students will complete weekly sprints for testing hypotheses and verifying the business model during four weeks in the middle of the semester. During this sprints, it will require several hours work every day of the week (Monday until Friday).

Software tools
No specified computer-based tools are required.
Additional information

A re-sit exam is held in connection with the next ordinary examination in the course.

Qualifications

Higher Education Entrance Qualification

Covid-19

Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.

Teaching

Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.

Required prerequisite knowledge

ENT 3400 Introduction to entrepreneurship or equivalent

Exam categoryWeightInvigilationDurationGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
ENT35014
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
40No1 Semester(s)Group (2 - 3)Hand-in in groups up to 3 The written submission must contain: -a business plan (12 pages) -a confirmation of company registration (1 page) -a status statement for further operation or settlement (1 page) -an economic status statement (turnover requirement stipulated at the start of the course), possibly interview by one of the groups that has reached the requirement and reflections (2 pages) Both written and oral exam must be passed to obtain final grade in the course.
Exam category:
Activity
Form of assessment:
Oral examination
Exam code:
ENT35015
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
40No30 Minute(s)Group (2 - 3)Oral examination will take place after submission. During the oral exam, the business plan and concept must be presented by the candidates, and there will be questions from the examiners. Both written and oral exam must be passed to obtain final grade in the course.
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
ENT35016
Grading scale:
ECTS
Grading rules:
Internal examiner
Resit:
Examination when next scheduled course
20No1 Semester(s)Individual Both written and oral exam must be passed to obtain final grade in the course.
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:40
Invigilation:No
Grouping (size):Group (2-3)
Duration:1 Semester(s)
Comment:Hand-in in groups up to 3 The written submission must contain: -a business plan (12 pages) -a confirmation of company registration (1 page) -a status statement for further operation or settlement (1 page) -an economic status statement (turnover requirement stipulated at the start of the course), possibly interview by one of the groups that has reached the requirement and reflections (2 pages) Both written and oral exam must be passed to obtain final grade in the course.
Exam code:ENT35014
Grading scale:ECTS
Resit:Examination every semester
Exam category:Activity
Form of assessment:Oral examination
Weight:40
Invigilation:No
Grouping (size):Group (2-3)
Duration:30 Minute(s)
Comment:Oral examination will take place after submission. During the oral exam, the business plan and concept must be presented by the candidates, and there will be questions from the examiners. Both written and oral exam must be passed to obtain final grade in the course.
Exam code:ENT35015
Grading scale:ECTS
Resit:Examination every semester
Exam category:Submission
Form of assessment:Written submission
Weight:20
Invigilation:No
Grouping (size):Individual
Duration:1 Semester(s)
Comment:Both written and oral exam must be passed to obtain final grade in the course.
Exam code: ENT35016
Grading scale:ECTS
Resit:Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
36 Hour(s)
Student's own work with learning resources
82 Hour(s)
Group work / Assignments
82 Hour(s)
Work with own enterprise
Sum workload: 
200

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.