Entrepreneurship & Innovation Project 2024
Week-7: Tuesday, 5th March & Thursday, 7th March
Week-7 of the Entrepreneurship and Innovation Project course will focus on High-level product specifications in terms of the Value Proposition Hypothesis; Raising Investment with Appeal to Intellectual Property and Market Value Proposition; Investment Agreements and Term Sheets; and Geospatial Data Analysis continued.
Key Themes for Week-7:
- Value Proposition Hypothesis Revisited
- Intellectual Property Continued
- Understanding Investment Raising through Term Sheets, Investment Agreements and Articles of Association
- Business Components for Making Money from a Business:
- Quality of Product that Goes to the Customer (Malleable and Improvable?)
- Is the Quality of the Product that goes to the customer flexible?
- Empathy for the Customer in Developing Sales Processes?
Student Individual Assignment for Week-7:
Students provide an individual Blog Post on their Expectations for Rest of Course (due Monday of Week-8) (250 Words).
Student Group Submissions for Week-7:
Team Annotated Business Website Wire-frame is Due during Week 7. Students will get Feedback by end of week-9.
Hardware and Software Labs for Week-7
Tuesday: Customer relationship management & Public Speaking (The Importance of Showing Up)
Thursday Lab 1: TinkerCAD Continued; Geospatial Data Continued
Thursday Lab 2: Building mobile hardware; Holographic device building continued
* Notes on Student Group Submissions for Week-7:
Students will provide an annotated outline of their business plans/website wire-frames during week-7 of the course, which reflects the following information:
- The Student Teams Need to Demonstrate their Current Plans and Attempts to Create a Potentially Commercially Viable Prototype of their Business Idea.
- The Student Teams Need to Justify the Market Potential of their Business Ideas Based on the Guidelines of Disciplined Entrepreneurship.
- Student Teams Need to Demonstrate and Justify their assumptions for their commercial proposition (based on Course Teachings and Case Studies Presented up to Week-7): Including a Competitor Analysis.
- Student Teams Need to make a Case for the Social Good of their Business Ideas, based on the Teachings in Development as Freedom and "The Enhanced Capabilities Framework".
- Student Teams Need to Demonstrate Understanding of the "Lessons" of the Altman Z-Score: Students Need to Create a Basic Financial Model for their Commercial Proposition: The Calculations Need to Add up Based on the Components of the Altman Z-Score Equation.
Key Readings for Week-7:
Disciplined Entrepreneurship, Pages 139-172
- Determine the Customer’s Decision Making Unit (DMU)
- Map the Process to Acquire a Paying Customer
- Calculate Future Addressable Markets
- Design a Business Model
Development As Freedom, Page 282-298
- Individual Freedom as a Social Commitment
- Freedom and Responsibility
- Human Capital and Human Capability