ELE 3733 Starting a venture
ELE 3733 Starting a venture
The course covers how to start up a new business in practice. Students receive training in developing ideas, commercialization and setting up a business. The students will during the course initiate, operate and eventually close down their business, either as "Student business" or as an ordinary company. The course follows the framework of Young Entrepreneurs and it is expected high participation in lectures and working outward. It's earnings requirements for student companies is undertaken in consultation with the class.
During the course, the student should acquire general knowledge about:
- From a business idea to registration, start up and ordinary business operation
- A company's operative functions and control systems
- Challenges related to start up, resources and time
- Possibilities and challenges regarding marketing and sales to corporate and retail markets
- Use of networking in practise
- Ability to operate/implement a business plan
- Experience with collaboration to reach a company's goals
- Design, manage and reflect on the process of organizing a company
- Reflect on achievements (sales requirements)
The student shall through participation achieve experience with real choices related to idea, commercialization, registration and operation of a business. And capacity for critical reflection on ethical and economic consequences related to how the process from idea to operation is functioning.
- The idea of the start-up and the entrepreneur's resource base
- Entrepreneurship theory
- Company organization and governance
- Networks and alliances
- Product/services
- Marketing, sales and distribution
- Finance and budget
- Business plan and pitching
- Exit or further growth?
The course is based on classroom lectures. Activ class participation and sharing is expected. Attendance will be registered in each class. The students must participate in a business start-up, either through a Student company-format of Ungt Entreprenørskap, UE, (Junior Achievement - Young Enterprise Norway) or a company in which the student has active ownership.
The students shall in groups present the business ideas and exercise presentation techniques and sales in class. It is recommended participation in the national student enterprise on county level qualifying for the national competition arranged by UE.
Higher Education Entrance Qualification
Knowledge of business plans is an advantage, but is not required
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 60 Grouping: Group/Individual (1 - 5) Duration: 1 Semester(s) Exam code: ELE37332 Grading scale: ECTS Resit: Examination when next scheduled course |
Exam category: Activity Form of assessment: Presentation Weight: 40 Grouping: Group/Individual (1 - 5) Duration: 30 Minute(s) Comment: Oral presentation of business plan and concept, questions from the sensor to the candidates. Students will obtain an individual grade in the oral exam. Both written and oral exam must be passed to obtain final grade in the course. Exam code: ELE37333 Grading scale: ECTS Resit: Examination when next scheduled course |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 36 Hour(s) | Lectures and seminars |
Student's own work with learning resources | 82 Hour(s) | Work on course literature/written assignments |
Group work / Assignments | 82 Hour(s) | Work on own enterprise |
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.
-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.