Planning your New Venture

Entrepreneurship is a significant driver of economic growth and job creation. It facilitates the creation of new companies, new markets and nurtures new skills and capabilities. Innovation and Entrepreneurship combined give rise new ideas, products, processes and services. Student entrepreneurs must learn to take risk and develop business strategies to bring these innovative products and services to market. The certificate programme will enable undergraduate students to be innovative and entrepreneurial in their approach to problem solving and addressing national, international and societal issues related to their discipline and beyond. It is a cross-disciplinary educational initiative that will be complementary to any area of study. It aims to combine theoretical concepts underpinning innovation and entrepreneurship with practical industry experience.

During this module the following themes will be introduced:

• Theme I: Understanding Business Models. This component introduces students to five key elements which define a business model, to their use and to their limitations: the revenue model; the gross margin model; the operating model; the working capital model; and, the investment model.
• Theme II: Feasibility analysis enables building and managing a portfolio and pipeline of development projects that fit strategically with venture objectives, balance risks and generate cash flows. Managing at the "fuzzy front end" involves project evaluation and selection methods. This analysis integrates business and technology plans by setting budgets and targets for the venture.

• Target students: Master - PhD students

• Credits awarded to incoming students: 5 ECTS

• Dates: 7 - 11 October 2019

• Contact person: Joan Connolly, Programme Design Lead

• Admission fee: None

• Application deadline: July 2019

• Application procedure: Apply using the application form

• Prerequisites: Engineering PhD students and students completing a Masters in Engineering.

• Language level: Minumum English level B2. IELTS or TOEFL certificate is prefered.

• Contact person administration: Anna Baczek

• Funding: LINK

• Accomodation: More info can be found here