ENT 3501 Starting a venture
ENT 3501 Starting a venture
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.
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.
- 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
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.
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
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).
A re-sit exam is held in connection with the next ordinary examination in the course.
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.
ENT 3400 Introduction to entrepreneurship or equivalent
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 40 Grouping: Group (2 - 3) Duration: 1 Semester(s) Exam code: ENT35014 Grading scale: ECTS Resit: Examination every semester |
Exam category: Activity Form of assessment: Oral examination Weight: 40 Grouping: 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 Grouping: 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 |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 36 Hour(s) | |
Student's own work with learning resources | 82 Hour(s) | |
Group work / Assignments | 82 Hour(s) | Work with 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.
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.