ACTION LEARNING: VENTURE ESTABLISHMENT

Paper Code: 
MIV 427
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

Assessment

Strategies

On completion of this course, the students will be able to:

 

CO 1: Develop capabilities to recognize, assess and articulate new venture opportunities

CO 2: To understand the resources required to underpin venture development and growth; and know from where and how to access these resources.

CO 3: To develop a greater awareness of their personal goals, motivations, strengths and limitations in the context of venture creation and growth.

CO 4: Develop a framework of new venture and to initiate the process of new enterprise registration

CO 5: Acquire the expertise in establishing a start-up.

Approach in teaching: Support throughout by mentor, incubation and accelerator

Learning activities for the students:

Real Time Venture Establishment and Management in Incubation/Acceleration Unit: Action Based Learning on establish enterprise> venture registration

Presentation, Individual and group, Report, viva- voce, Evaluation of the plan proposal

 

60.00
Unit I: 

Work Outline:

In this Action Learning Program, the student will establish a venture either in self or with the support of incubation unit based on the innovation and business model developed as a part of the capstone projects. It is expected that the student will register a start- up and start building the enterprise with support from incubator/ accelerator.

The enterprise can be established by one student with members from outside or by a group of students from the same batch with complimentary expertise.

The students be evaluated on the basis of the presentation of their business model to a panel of experts and investors on a demo day.

 

Topics covered :

Business Model Development: Business model development using Business Model Canvas for their own business

Registration of Business: Registration Process details; registration status of the firm and related documents

Compliance with IPR for their firm: registration of trade mark and related formalities

Filing of GST Returns: Availing the GST registration and filling of returns

Market Research, Prototype Development, Consumer Feedback and 5 Year business model

 

Essential Readings: 
ESSENTIAL READINGS:
  • Timmons A Jeffry and Spinelli Stephen, New Venture Creation- Entrepreneurship for the 21st century, Tata Mc Graw Hill.
  • Kuratko F Donald& Hornsby S Jeffry,, New venture Management- The Entrepreneur’s Roadmap,pearson Education.
  • O’Rourke S. James(2009): Writing and presenting business plan, Cengage Learning

 

SUGGESTED READINGS:
  • Stevenson, H.H., Grousebeck, H.I., Roberts, M.J. and Bhide, A. (2000): New Business Ventures and the Entrepreneur, McGraw-Hill, Singapore.
  • Sahay A, Sharma V, Entrepreneurship and New Venture Creation, Excel Books.

 

 

References: 
E-RESOURCES:

 

JOURNALS
  • Journal of Entrepreneurship and Innovation in Emerging Economies

 

Academic Year: 
2023-2024
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