GRA 8524 Entrepreneurship & Energy (2023/2024)
This course is part of the Executive Master of Management in Energy in cooperation with BI Norwegian Business School and IFP School.
Energy transition is not just inevitable but is fully underway. That said, traditional Oil & Gas companies derive current profit from existing revenue streams in oil and gas while simultaneously needing to invest in renewable, sustainable solutions for the future. For public companies, the pressures from shareholders for measurable financial returns in the near term can be at odds with demands from other stakeholders advocating for future solutions aimed at reducing impact and targeting the long-term health of the planet and the people in it. New ventures bring innovative ideas that are often close to breakthrough science and technology but usually lack sufficient resources to scale and grow, either on their own or in partnership with large corporates. In order to achieve these disparate goals, multiple players in the ecosystem are called upon to act with entrepreneurial ingenuity as unique players and in tandem.
Through lecture and active discussion, this course will offer participants the opportunity to understand the role of entrepreneurial approaches to sustainable solutions in startups and large corporates in the energy industry. The course will provide comprehensive treatment of distinct facets of the energy ecosystem involved in driving technological and business model innovation through the combination of capital, innovation, and vision and leadership.
The candidates will acquire professional knowledge regarding insights into entrepreneurial and innovative solutions to complex problems in the energy industry.
- Students will learn about existing challenges and current entrepreneurial approaches in startups and corporates.
- Students will also gain insight into how new ventures are developed and launched in the energy industry.
- The students will develop competences on how to identify challenges and opportunities in the industry, to recognize key players, and to analyze opportunities for new ventures in the industry.
- Students will gain knowledge of the expanding variety of sources and types of financing and innovation support available to new ventures in the Energy industry, including accelerators, angel investors, venture capitalists, and corporate venture capitalists.
- Students will gain knowledge about the evolving entrepreneurial ecosystem in the Energy industry and develop an understanding of key players, i.e., startups, corporates, industry-vertical and corporate accelerators.
- Students will acquire knowledge regarding corporate entrepreneurship and innovation in the Energy industry, including corporate venturing and spin-offs.
- Students should be able to identify the roles and importance of key players in entrepreneurial finance in the Energy industry.
- Students should be able to develop a business plan for a new venture or an entrepreneurial venture within a corporate entity venture.
- Students should be able to use digital tools to communicate with potential investors and corporate innovators.
- Students will gain analytic tools that can be applied to evaluating and developing entrepreneurial solutions to energy challenges.
- Students should be able to use their knowledge and skills in a variety of situations to identify the opportunities offered by different forms of financing, and to understand tradeoffs involved amongst these choices.
- Students should be able to draw on insights from theory and their own application to reflect on appropriateness of different forms of investment.
- Students should be able to understand the importance of opportunity identification in entrepreneurial ventures in startups and in corporate settings.
This class will address the following key facets of driving change in the industry:
- Entrepreneurial solutions to complex problems: Financing and strategy at the intersection of startups and corporates
- Corporate innovation and financing
- Corporate venture capital (CVC)
- Corporate Accelerators
- Internal ventures/innovation
- Shareholders and sustainability
- Investors in the energy ecosystem: Overview of entrepreneurial finance
- Introduction to entrepreneurial finance: sources of equity financing, understanding valuation, considerations and tradeoffs
- Who are the key players: Global and local networks, syndication
- Other financial intermediaries: Banks and “Green financing”
- Startups and scaleups in the global context
- Financing startups and scaleups in the energy sector
- Global innovation
- Sustainability and solutions
- Impact and ecosystem
1 ECTS credit corresponds to a workload of 26-30 hours.
Attendance to all sessions in the course is compulsory. If you have to miss part(s) of the course you must ask in advance for leave of absence. More than 25% absence in a course will require retaking the entire course. It's the student's own responsibility to obtain any information provided in class that is not included on the course homepage/ It's learning or other course materials.
The course will consist of lectures, cases, group work, supervision and discussions. Guest lectures from key members of the Energy entrepreneurship ecosystem may be invited during the course.
Specific information regarding student evaluation beyond the information given in the course description will be provided in class.
The course is a part of a full Executive Master of Management in Energy (EMME) and examination in all courses must be passed in order to obtain a certificate.
In all BI Executive courses and programmes, there is a mutual requirement
for the student and the course responsible regarding the involvement of the student's experience in the planning and implementation of courses, modules and programmes. This means that the student has the right and duty to get involved with their own knowledge and practice relevance, through the active sharing of their relevant experience and knowledge
Granted admission to the Executive Master of Management in Energy programme. Please consult our student regulations.
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
Form of assessment:
Internal examiner with external supervisor
Examination when next scheduled course
|Group (3 - 6)
|Group assignment, counting 100% of the final grade.
|Form of assessment:
|Group assignment, counting 100% of the final grade.
|Examination when next scheduled course
Prepare for teaching
Student's own work with learning resources
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 4 ECTS credit corresponds to a workload of at least 110 hours.