Technology Entrepreneurship - Elective Module

Credits: 6 (3+3)

Semester: 2 (SoSe)

Lecturer: Prof. Christoph Ihl, Dr. Hannes W. Lampe

Examination Form: Project work

Examination Scale: Three presentations on the respective project status

The module Technology Entrepreneurship consists of two courses:

  • Creation of Business Opportunities

  • Entrepreneurship

  • Important note: This course is part of a 6 ECTS module consisting of two courses "Entrepreneurship” & “Creation of Business Opportunities”, which have to be taken together in one semester.

    Start-ups are temporary, team-based organizations, which can form both within and outside of established companies, to pursue one central objective: taking a new venture idea to market by designing a business model that can be scaled to a full-grown company.

    In this course, students will form start-up teams around self-selected ideas and run through the process just like real start-ups would do in the first three months of intensive work. Start-up Engineering takes an incremental and iterative approach, in that it favours variety and alternatives over one detailed, linear five-year business plan to reach steady state operations. From a problem solving and systems thinking perspective, student teams create different possible versions of a new venture and alternative hypotheses about value creation for customers and value capture vis-à-vis competitors. We will draw on recent scientific findings about international success factors of new venture design. To test critical hypotheses early on, student teams engage in scientific, evidence-based, experimental trial-and-error learning process that measures real progress.

    Learning Outcomes:

    Upon completion of this course, students will be able to:

    • Apply a modern innovation toolkit relevant in both the corporate & start-up world

    • Analyse given business opportunities in terms of its constituent elements

    • Design new business models by gathering and combining relevant ideas, facts and information

    • Evaluate business opportunities and derive judgment about next steps & decisions

    Content:

    Lecture Topics:

    1. The Management of (Technological) Innovation

    2. Strategy and Organization for Innovation

    3. Managing the Innovation Process

    4. Innovation in the Age of Circular Economy (C2C)

    5. Market-Research for Innovation and Design-thinking

    6. Capturing value from R&D, Open Innovation and IP

    7. Creativity and mindfulness in Innovation

  • In this course, students will form start-up teams around self-selected ideas and run through the process just like real start-ups would do in the first three months of intensive work. Start-up Engineering takes an incremental and iterative approach, in that it favours variety and alternatives over one detailed, linear five-year business plan to reach steady state operations. From a problem solving and systems thinking perspective, student teams create different possible versions of a new venture and alternative hypotheses about value creation for customers and value capture vis-à-vis competitors. We will draw on recent scientific findings about international success factors of new venture design. To test critical hypotheses early on, student teams engage in scientific, evidence-based, experimental trial-and-error learning process that measures real progress.

    Learning Outcomes:

    Upon completion of this course, students will be able to: ·

    • Apply a modern innovation toolkit relevant in both the corporate & start-up world

    • Analyse given business opportunities in terms of its constituent elements

    • Design new business models by gathering and combining relevant ideas, facts and information

    • Evaluate business opportunities and derive judgment about next steps & decisions

    Content:

    Lecture Topics:

    1. The Management of (Technological) Innovation

    2. Strategy and Organization for Innovation

    3. Managing the Innovation Process

    4. Innovation in the Age of Circular Economy (C2C)

    5. Market-Research for Innovation and Design-thinking

    6. Capturing value from R&D, Open Innovation and IP

    7. Creativity and mindfulness in Innovation