Entrepreneurship and Starting New Ventures

Course	X-204-STOF
Semester	2
ETCS	6
Core	Yes

Year	1. year
Semester	Spring 2024
Level of course	1. First cycle, introductory
Type of course	Core
Prerequisites	No prerequisites.
Schedule	Lectures, teamwork, 2-3 weeks at the end of term are assigned as teamwork for this course.
Lecturer	Atli Björgvinsson Ásgeir Jónsson Eva Rún Michelsen Freyr Friðfinnsson Sunna Halla Einarsdóttir Svava Björk Ólafsdóttir
Content
The course aims at developing business ideas into business opportunities and a comprehensive business plan for the new company, which is divided into four main areas: (i) business opportunities and sources - the business idea. (ii) Preparation of a business plan - a reality test. (iii) Making a business plan. (iv) Introduction to business ideas for investors.
Learning outcome - Objectives
Learning outcomes refer to the knowledge, skills and ability within Nýsköpun og stofnun fyrirtækja (e. Innovation and founding startups) that students are expected to aquire during the semester. Knowledge: •Students can identify basic terms such as Business Model, Business Plan, Grants, Seed funding, Business Angels, VC Investments, Entrepreneurship Center, Incubators, Accelerators and Startups •Students understand a typical growth path for new startups. •Students can identify the services available for new startups in Iceland in different stages up until VC investments. •Students understand where to find information about the services available for startups on the web. Skills: •Students can pitch a short elevator pitch for an audience •Students can pitch a business idea to an investor •Students can draw an example of the growth path of new businesses •Students can understand media reporting regarding Startups •Students can talk to possible customers and acquire information regarding their needs and rather the business idea needs to pivot in order to meet those needs Competence: •Students are able to understand the effects of political decision making on the Entrepreneurial Eco System •Students realise what data gives information about the growth of the Entrepreneurial Eco System •Students can interpret media news regarding Startup Businesses •Students know what main documents are needed in founding a business in Iceland and key factors to think about before doing so
Course assessment
No assessment found.
Reading material
No reading material found.
Teaching and learning activities
No activities found.
Language of instruction	Icelandic