New Venture Creation - Advanced


Content, progress and pedagogy of the module

The module is an extension to the New Venture Creation - Basic and encourages the student to reflect on the process and learnings from the basic module. The module purposely aims to further sharpening the entrepreneurial skills and competences of the student in a more scientific and analytical context.

The output is an academically written project comprising both theoretical and practical underpinnings. The project serves as a dual-purpose product, containing essential elements of a traditional business plan, while concurrently elaborating theoretical underpinnings.   

Learning objectives


The objective is that the student after the module possesses the necessary knowledge on:

  • Ability to understand and reflect upon the full scope of a new business venture.  
  • Understanding best practice principles of start-up theory and how to apply these.
  • Understanding key drivers that impact upon the successful creation and management of a new venture within an existing organization.


The objective is that the student after the module possesses the necessary skills in:

  • Analyzing a business start-up case in context of both internal and external environments and validating new business ideas.
  • Critically assessing a new business idea based on evidence from the market and evaluating new business proposals.
  • Structuring and formulating a business concept and communicate a business case – both written and orally.


 The objective is that the student after the module possesses the necessary competences in:

  • Applying relevant techniques for developing an attractive business plan.
  • Combining theory and practice to solve problems regarding entrepreneurship
  • Designing business models to match the identified business opportunity based on evidence from the market and evaluating different business model configurations and innovation processes.

Type of instruction

For informaton see §17.



Name of examNew Venture Creation - Advanced
Type of exam
Oral exam based on a project
Group examination with max. 5 students. The student may also choose to write the project alone.
Assessment7-point grading scale
Type of gradingInternal examination
Criteria of assessmentThe criteria of assessment are stated in the Examination Policies and Procedures

Facts about the module

Danish titleNew Venture Creation - Udvidet
Module codeKAØKS202260
Module typeProject
Duration1 semester
Language of instructionEnglish
Location of the lectureCampus Aalborg
Responsible for the module


Study BoardStudy Board of Economics and Business Administration
DepartmentAalborg University Business School
FacultyFaculty of Social Sciences and Humanities