Coming soon
VENTURE ESTABLISHMENT (Practical)
The aim of the course is to enhance participants' understanding of the role of the entrepreneur in the new venture creation process and to motivate the students in the context of forming new ventures.
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
Course Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course title |
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25MIV 427 |
ACTION LEARNING-mVENTURE ESTABLISHMENT (Practical) |
CO721: Develop capabilities to recognize, assess and articulate new venture opportunities CO722: Understand the resources required to underpin venture development and growth; and know from where and how to access these resources. CO723: Incorporate a greater awareness of their personal goals, motivations, strengths and limitations in the context of venture creation and growth. CO724: Develop a framework of new venture and to initiate the process of new enterprise registration CO725: Acquire the expertise in establishing a start-up. CO726: Contribute effectively in course-specific interaction |
Approach in teaching: Support throughout by mentor, incubation and accelerator
Learning activities for the students: Real Time Venture Establishment and Management in Incubation/Acceleration, Action Based Learning on establish enterprise, venture registration |
Presentation, Individual and group, Report, viva- voce, Evaluation of the plan proposal |
1. Timmons A Jeffry and Spinelli Stephen, New Venture Creation- Entrepreneurship for the 21st century, Tata Mc Graw Hill.
2. Kuratko F Donald& Hornsby S Jeffry,, New venture Management- The
Entrepreneur’s Roadmap,pearson Education.
3. O’Rourke S. James(2009): Writing and presenting business plan, Cengage Learning
SUGGESTED READINGS:
1. Stevenson, H.H., Grousebeck, H.I., Roberts, M.J. and Bhide, A. (2000): New Business Ventures and the Entrepreneur, McGraw-Hill, Singapore.
2. Sahay A, Sharma V, Entrepreneurship and New Venture Creation, Excel Books.
E-RESOURCES:
1. https://trace.tennessee.edu/cgi/viewcontent.cgi?article=1620&context=utk...
JOURNALS
1. Journal of Entrepreneurship and Innovation in Emerging Economies
