INTRODUCTION
During the last two decades, new venture creation has emerged at an exponential rate to become a focal point for today’s economy and an indispensable business concept. We see many success stories that change the world around us but there are also numerous new ventures that fail before reaching their full potential. Typically, this is as a result of many uncertainties and complexities.
Entrepreneurship is best taught through practice, learning by doing. This project provides the opportunity to experience different stages of a startup and the entrepreneurial process first-hand through the creation of a new venture to solve a problem of the team’s choice. Students will apply entrepreneurship concepts and methodologies and will learn to develop and refine a new venture idea. Building on several skills required to act on new ideas, student will also identify the value proposition, and validate for a problem solution fit and a product market fit.
PROJECT REQUIREMENT
Find a venture idea by researching a problem to solve. This document provides an overview of the project that will be further discussed during class. The final project should be no longer than 15 pages single spaced report not including appendices. You are evaluated on the depth and analysis of your work. More details will be provided during the lectures and labs.
PROJECT EVALUATION
This project is divided into a number of sections representing some of the stages of a startup and will be conducted over a number of weeks to align with the lecture topics.
