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Module

Entrepreneurship: Venture Launch

Module description

This module is set up as an incubator and operates in the third term. It is delivered through an intensive applied approach within a dedicated space – The Skydeck in the Innovation Centre. This module centres on the pragmatic application of your entrepreneurial knowledge and skills through a live project that entails the ‘virtual’ creation of a venture project and as such it gives you the opportunity to practice entrepreneurship. The fluid nature of this module allows academic learning followed by application of new venture processes.

With the growing understanding that entrepreneurship is a ‘team sport’ you will form a team with other like-minded entrepreneurs to complete a series of sprints and projects, all the while building your own knowledge and honing your understanding of yourself within the entrepreneurial process. In developing your new venture, this module will take you from idea to launch. It is designed to move you through the phases of startup from validation, MVP (minimum viable product), to test and iterate towards market fit.

 

*This module is core for the MSc Entrepreneurship and Innovation Management and it is also offered as an elective module with the following pre-requisites BEMM394 and BEMM488 (Entrepreneurship and Complete Sustainable Value Creation).

 

This module is recommended as an interdisciplinary pathway for those meeting the pre-requisites

*Those who have completed With Proficiency in Entrepreneurship as part of their undergraduate studies at Exeter may be exempt from the pre-requisites. 

Full module specification

Module title:Entrepreneurship: Venture Launch
Module code:BEMM487
Module level:M
Academic year:2022/3
Module lecturers:
  • Mr Adam Lusby - Convenor
Module credit:30
ECTS value:

15

Pre-requisites:

BEMM394 and BEMM488 (Entrepreneurship and Complete Sustainable Value Creation)

Co-requisites:

N/A

Duration of module: Duration (weeks) - term 3:

6

Module aims

In an ‘incubator’ environment, the aim of this module is to ‘do’ entrepreneurship, giving you the opportunity to apply your newly developed knowledge and skills in a ‘virtual’ startup context. Through a challenge-led approach, teams of entrepreneurs will creatively solve real world problems and offer testable solutions. This is achieved through gaining a deep knowledge of the latest innovation and entrepreneurial tools and applying them in an intensive environment. This will bring theory to life and create valuable practical learning that will equip you for your post-programme entrepreneurial career.

ILO: Module-specific skills

  • 1. create a virtual new venture in the form of a startup
  • 2. develop a credible and informed business case for a new venture

ILO: Discipline-specific skills

  • 3. identify key strategies for idea creation/opportunity recognition, evaluation and exploitation
  • 4. utilise contemporary innovation and entrepreneurship strategies and techniques

ILO: Personal and key skills

  • 5. generate venture ideas and creative solutions to real world problems
  • 6. collaborate, communicate, co-create, and network
  • 7. create, develop, and execute an entrepreneurial initiative

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
612390

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Online Lectures15Online recorded lecture content
Workshops36Workshops that cover design thinking, technical hacks, and innovation sprints
Project Support10Small group guidance to support the development of a startup business case
Guided Independent Study239Pre- and post-session reading, assignment preparation, and creating group startup business case

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Workshop exercises and discussionIn class (Approximately per day = 60 minutes)1-7Verbal

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
85015

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Individual Reflective Journal 404 chapters 750 words each (total 3000 words)3-5, 7Written
Individual Online Multiple Choice Quiz153 x MCQ 5% each 20 min each2-4Written
Individual Pitch 51 x 10-minute pitch 1-7Verbal
Group Startup Business Case Report305000 words1-7Written
Group Demo10Demonstration of Minimum Viable Product 15 minutes1-7Written and verbal
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Individual Reflective Journal 4 chapters 750 words each Total 3000 wordsReflective essay 3000 words (40%)3-5, 7August resubmission period
Individual online MCQ 3 x MCQ 5% each 20 min eachIndividual online MCQ (15%)2-4August resubmission period
Individual Pitch 1 x 10-minute pitchIndividual Pitch Video 1 x 10-minute pitch (5%)1-7August resubmission period
Group Startup Business Case Report 5000 words Individual Startup Business Case Report 3000 words (30%)1-7August resubmission period
Group Demo Demonstration of Minimum Viable ProductIndividual Video Demonstration of Minimum Viable Product 5 minutes (10%)1-7August resubmission period

Syllabus plan

The following content will be covered during the module:

  • Design thinking and sprinting
  • Positive impact and circular economy
  • Technology
  • Measuring value and growth
  • Building and pitching a business case

Indicative learning resources - Basic reading

Kelley, T., & Kelley, D. (2014). Creative Confidence: Unleashing the creative potential within us all. London: William Collins.

 

Knapp, J., Zeratsky, J., & Kowitz, B. (2016) Sprint: How to solve big problems and test new ideas in just five days. London: Bantam Press.

 

Ries, A (2011) The Lean Startup, Portfolio Penguin.

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

Origin date

27/01/2021

Last revision date

27/01/2021