Credits: 6

Schedule: 13.09.2016 - 18.10.2016

Teacher in charge (valid 01.08.2018-31.07.2020): 

Myrto Chliova

Ranajoy Choudhury

Teaching Period (valid 01.08.2018-31.07.2020): 

I 2018-19 (autumn) Töölö campus
I 2019-2020 (autumn) Otaniemi campus
the course is taught once in each year

Learning Outcomes (valid 01.08.2018-31.07.2020): 

At the end of this course, students are expected to be able to:

1. Recognize key concepts in entrepreneurship and innovation

2. Identify, create and evaluate entrepreneurial opportunities

3. Develop and promote entrepreneurial and innovative solutions in their own life and work

4. Reflect on and discuss the process, potential and challenges of entrepreneurship and innovation

Students will learn how to create a critical mass of business ideas, identify the most promising idea and translate the idea into a convincing business model. Based on a combination of pragmatic experiences and insights from research, students will also develop an ability to apply practical tools and theoretical frameworks that relate to team building, creative innovation, business modelling, and presenting a business idea.

After completing the course successfully, students will not only have a fundamental knowledge of the venture ideation process and how to pitch a business idea, but also a workable business opportunity that can be developed further, for instance, through the follow-up course Venture Formation (25E44000), available to the top teams graduating from Venture Ideation.

Content (valid 01.08.2018-31.07.2020): 

The course offers a unique opportunity for students to work in multi-disciplinary teams and to discover through experiential learning how to create, test and pitch a business idea. The course contains lectures, sessions by guest speakers from the Aalto entrepreneurship ecosystem and beyond, hands-on practice of entrepreneurial skills, as well as the development of an entrepreneurial idea and “pitch”. Themes covered include team building, opportunity identification and creation, design thinking, customer development, business and revenue model development, funding and presentation skills

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Team assignments 75% - Individual assignments 25%. Also, a peer evaluation will be used to adjust individuals’ grades on the team assignments, and can result in a potential adjustment of up to -1 point out of 5 of total course grade.

Workload (valid 01.08.2018-31.07.2020): 

Contact hours 20 h (lectures and two oral presentations)

Group work assignments 105 h

Individual assignment 35 h

Study Material (valid 01.08.2018-31.07.2020): 

The required readings comprise of articles and book chapters that will be available through the MyCourses platform. Buying or renting a textbook is optional; either one of the following textbooks are recommended:

1. Barringer B. R. and Ireland D. (2012) Entrepreneurship: Successfully launching new ventures. Pearson.

2. Spinelli S., Adams R. and Timmons J. A. (2015) New Venture Creation: Entrepreneurship in the 21st Century. McGraw Hill Higher Education.

Substitutes for Courses (valid 01.08.2018-31.07.2020): 

The course replaces the course 25E48000 Introduction to New Venture Creation Process.

Course Homepage (valid 01.08.2018-31.07.2020): 

https://mycourses.aalto.fi/course/search.php?search=25E50000

Grading Scale (valid 01.08.2018-31.07.2020): 

0 (fail) to 5 (excellent)

Registration for Courses (valid 01.08.2018-31.07.2020): 

Registration via WebOodi ends 7 days before the period starts.

Further Information (valid 01.08.2018-31.07.2020): 

The maximum number of students admitted to the course is 100. Priority is given to degree students in (1) MSc Entrepreneurship (major or minor) (2) Aalto MSc Advanced Material for Innovation and Sustainability (3) Aalto internal mobility (Aalto Ventures Program) (4) other Aalto degree students.

Completion of a pre-assignment is a prerequisite for successful admission. See course homepage in MyCourses for the deadline and instructions of the pre-assignment.

This course requires physical presence and active participation in teamwork and is not designed for distance learning or part-time engagement. Teams will be assigned by the teacher. By enrolling in this course you acknowledge that: a) you have sufficient time to dedicate for team meetings during the period when the course runs (see workload above), b) you agree to be assigned into a team by the teacher and c) you agree with assessment methods as described above, including the use of a peer review.

Description