Credits: 3

Schedule: 26.02.2020 - 08.04.2020

Teacher in charge (valid 01.08.2018-31.07.2020): 

Arne Kroeger
Teemu Kautonen

Contact information for the course (applies in this implementation): Lecturer:  

Ass. Prof. Dr. Arne Kröger:

Teaching Period (valid 01.08.2018-31.07.2020): 

II 2018-19 (autumn) and IV 2018-19 (spring) Otaniemi campus

II 2019-20 (autumn) and IV 2019-20 (spring) Otaniemi campus

The course is taught once in each semester

Learning Outcomes (valid 01.08.2018-31.07.2020): 

At the end of this course, students are expected to have developed theoretical and
practical knowledge about entrepreneurship and innovation and to be able to apply those to real cases.

Content (valid 01.08.2018-31.07.2020): 

The course applies a ‘blended learning’ approach, that is, a combination of online contents and classroom teaching.

Details on the course content (applies in this implementation): 

The Syllabus will be:

1. Basics of Entrepreneurship

2. Creativity, Idea Development & Innovation

3. Opportunity Recognition & Business Models

4. Lecture only for BIZ students

5. Venture Funding

6. Venture Growth

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Individual assignments 100%.

Elaboration of the evaluation criteria and methods, and acquainting students with the evaluation (applies in this implementation): 

The course will comprise an intermediate individual assignment, a final
individual MC-exam and a case study + group essay.

Intermediate individual assignment:

Three academic articles and three venture cases will be provided. Each student will be randomly assigned to one of three cases and prepare a PowerPoint presentation of max. 4 Slides uploaded in PDF format in MyCourses. In their presentations, the students are supposed to apply a theoretical model to the corresponding venture case.

Evaluation criteria of the intermediate individual assignment: Structure/Storyline, Appropriate focus, Information beyond provided case information, Appropriate Visualisation (Diagrams, Tables, Figures), Application/Transfer of the theoretical model to the case

Based on the assessment of the presentations, the student with the highest number of points (0-100) will receive the offer to present his/her slides and to earn 10 points that will be added to the total number of points achieved in the final exam.


Final individual assignment:

The final assignment will be a one hour MC-Online Exam in MyCourses of 33 MC questions on a specific date and time about the course content (PPT Slides , Academic Articles and Intermediate Student Presentations).


The final grades and student numbers will be uploaded to MyCourses course homepage



50-59 points = 1

60-69 points = 2

70-79 points = 3

80-89 points = 4

90-100 points = 5

Workload (valid 01.08.2018-31.07.2020): 

1. Classroom hours 15 h 2. Preparation of individual assignments 65 h

Details on calculating the workload (applies in this implementation): 

Intermediate individual assignment

(max. 4 PPT Slides uploaded in PDF format)

30% (Scale 0-100) (24h)

(+ possibility for the best presentation to earn 10 points which will be added to the total number of points achieved in the final exam)


(+ preparation, including classroom hours)

70% (Scale 0-100) (56h)


3cr = 100% (80h)

Study Material (valid 01.08.2018-31.07.2020): 


The materials necessary for completing the course will be available on MyCourses. Students can also use the following (optional) textbook to support their learning:

Zacharakis, Andrew, William Bygrave, Andrew Corbett, 2016. Entrepreneurship, 4th Edition. Wiley.
For the chapter “Creativity, Idea Development and Innovation”:

Bessant, John R., Tidd, Joe 2015. Innovation and Entrepreneurship, 3th Edition. Wiley.

Details on the course materials (applies in this implementation): The three academic articles for the intermediate group assignments (which will also be included in the questions of the final MC-exam) are:

Amit, R. & Zott, C. 2001. Value creation in e-business. Strategic Management Journal, 22: 493-520.

Fleming, L. & Sorensen, O. 2016. Financing by and for the massess: An introduction to the Special Issue on crowdfunding. California Management Review, 58(2): 5-19.

Vogel, P. 2017. From venture idea to venture opportunity. Entrepreneurship Theory & Practice, 41(6): 943-971.


Another article that will be discussed during the lecture and included in the final MC-exam:

Sarasvathy, S. D. 2001. Causation and Effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review, 26(2): 243-263.

Course Homepage (valid 01.08.2018-31.07.2020):

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 150. Priority is given to students studying in BSc Electrical Engineering.

Details on the schedule (applies in this implementation): 

26.02.2020: Basics of Entrepreneurship, Creativity, Idea Development & Innovation (B-Sali)

04.03.2020: Opportunity Recognition (B-Sali)

12.03.2020: Business Models (U4)

25.03.2020: Venture Funding (B-Sali)

01.04.2020: Venture Growth (plus Exam Preparation) (B-Sali)

08.04.2020: MC-Online Exam (9:00-10:00)


Registration and further information