The courses of the Entrepreneurship Minor draw on the scholarly and practical entrepreneurship literature. They do not expect that you have already developed an understanding of the functional domains of business administration or small business management (e.g. strategy, marketing, accounting, HRM, finance, operations). We encourage you to take the two introductory courses of the minor (Birthing New Ventures and Mobilising Resources) before taking the other courses of the Minor. As this minor is delivered in English, your command of the English language in speech and writing should be good enough to actively prepare for, participate in, and contribute inside and outside of class.
Birthing new ventures
In this course you will explore why and how opportunities are created and/or discovered by more or less enterprising individuals. In addition you will explore why only a few of those that see an opportunity will actually engage in efforts to further explore and exploit the opportunities that they have spotted. You will identify factors that drive entrepreneurship at the level of the individual. You will explore how personality characteristics, experience, education, and social embeddedness shape entrepreneurial journeys.
This course covers co-founder enrollment, customer enrollment and financial enrollment. For instance, you will explore how to put together an entrepreneurial team, examine team dynamics as well as how to recruit the best employees. You will review different types of financial resources available to entrepreneurs as well as how to select the best one for a specific type of venture. Based on this, you will also examine the role of business modeling and customer validation as part of a venture’s resource mobilisation. This course will explore the concept of bootstrapping or how to get things done when you do not have the required resources. In all of the above, attention will be paid to how a venture’s resource mobilisation strategy is not a static concept, but is one that changes dynamically over the lifecycle of a venture.
Social and environmental entrepreneurship
This course will provide you the opportunity to learn how you can apply your knowledge and skills to address complex social and environmental problems. This course is structured around experiential problem-based learning, providing you the opportunity to synthesise theory and practice as you develop an idea for your own social and environmental enterprises. Topics will include: critically reviewing concepts; user centred-design of social and environmental enterprises; frameworks for understanding and strategizing; understanding and reporting social and environmental impact; and cross-sector collaboration.
Commercialising science and technology
The competencies you will acquire in this course will help you prepare for your own entrepreneurial journey. They will also be extremely valuable should you choose a career in managing technology at an established firm or within a public or private research lab. In particular university labs and corporate R&D department rely increasingly on professionals that help bridging the gap between science production (conference presentations, scientific publications, and patents) and commercial value creation (revenues, funding for scientific and applied research). In both settings efforts in research and development need to be legitimized and be able to answer to which extent they will ultimately result in economic performance—a core learning goal in this course.
Special course request
You should apply via the Special Course Approval procedure via the My UM Portal. Please choose all courses of the minor you want to participate in or mention the name of the Minor programme you opt for in a note. Your request is assessed by your home faculty. After approval the request will be forwarded to the offering faculty who assesses if you can be registered (is there still place, do you meet entrance requirements etc.). After approval you will receive further information on the registration procedure. Need more help? Read the manual: