New Venture Creation is a cross-disciplinary entrepreneurship course open to 9th semester students. The elective equips enrolled students with an entrepreneurial skillset, opportunistic networking and fosters innovation and new business start-ups. This course is aimed at all would-be entrepreneurs, established entrepreneurs and students interested in business development processes.
The course is designed as a live case environment, where the cases being analyzed are the actual, real-time experiences of students going through the entrepreneurial process of starting a company. To facilitate the development of ventures, the course embarks on both a theoretical framework and business development guidance to support and raise the prospects of success. Hence, the fundamental components from venturing a business will be taught, but more importantly, the students will gain a hands-on experience in entrepreneurship.
The module is based on a mixture of activities, including lectures, workshops, seminars, as well as creative and team-based processes, which are facilitated by lecturers. The module will include weekly lessons-learned presentations and written assignments, which all are related to the entrepreneurial process of creating new business activities within existing organizations.
The main topics are:
Opportunity spotting and Customer Development
Identify/create business opportunities; research, analysis and
market evaluation, customer insight and quantitative data, creative
processes, and design-thinking, running experiments to test
hypotheses on the market.
Team building, negotiating, and networking
Identifying competences and assembling your team, establishing
value chains and strategic partnerships.
Business modelling
Value proposition design and business model design, i.e., value
creation, value delivery, value capturing.
Product/service development, management, and business
planning
Strategy, marketing, finance/funding, valuation techniques,
analysis of key risk and scenarios, legal aspects, IP.
Reporting, presenting, and pitching
New business idea/business plan to company sponsors.
The objective is that the student after the module possesses the necessary knowledge on:
The objective is that the student after the module possesses the necessary skills in:
The objective is that the student after the module possesses the necessary competences in:
For informaton see §17.
Name of exam | New Venture Creation - Basic |
Type of exam | Written or oral exam |
ECTS | 15 |
Assessment | 7-point grading scale |
Type of grading | Internal examination |
Criteria of assessment | The criteria of assessment are stated in the Examination Policies and Procedures |
Danish title | New Venture Creation - Basis |
Module code | KAØKS202250 |
Module type | Course |
Duration | 1 semester |
Semester | Autumn
|
ECTS | 15 |
Language of instruction | English |
Location of the lecture | Campus Aalborg |
Responsible for the module |
Study Board | Study Board of Economics and Business Administration |
Department | Aalborg University Business School |
Faculty | Faculty of Social Sciences and Humanities |