BMGT44220 Financing New Ventures

Academic Year 2018/2019

The continual creation of new ventures is at the heart of any vibrant economy.

This course focuses on the dynamics of new ventures, their creation, their growth, and specifically on their funding strategy.

To understand the “funding of investments” one needs to understand the “harvesting of investments”. This course will take you behind the mind of the venture capital investor so that participants may balancing between the investor perspective and the founder/entrepreneur perspective.

The course exposes participants to the practical realities of the entrepreneurial process, gives critical focus to the funding dynamics, yet anchors learning within clear frameworks & theory structures.

The creation of new business opportunities leveraged on innovation is neither the exclusive domain of the start-up company nor the established enterprise. This course maintains a balanced focus between entrepreneurship and intrapreneurship.

The course is structured to focus participants along multiple learning pathways, from the core concepts of new venture dynamics and market adoption of innovation to the underpinning financial dynamics involved in venture creation, growth trajectory and exit.

Ultimately, commercialising innovation is a challenging task balanced between an art and a science, between optimism and pragmatism, between dream and reality.

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Curricular information is subject to change

Learning Outcomes:

At the end of the course, the student will be able to:

• To recognise and differentiate the unique financial dynamics of new venture funding in the creation and development of early-stage technology-enabled companies.

• To rethink core concepts in corporate finance, and to understand and explain financial and investment metrics from the perspective of a venture capitalist.

• To recognise and differentiate market-entry and adoption strategies of innovation-driven ventures.

• To implement the Product Planet Model in addressing the total product design and in mapping each layer of design to the customer in a new venture.

• To explain and evaluate the Value-Magnetics framework for screening of new ventures.

• To comprehend, from the perspective of an entrepreneur, the rationale behind the critical terms presented in a venture capital term-sheet.

* To explore the strategic analysis by which large corporations scan and screen for suitable acquisition targets of early-stage high technology companies.

Student Effort Hours: 
Student Effort Type Hours
Lectures

24
Tutorial

12
Practical

30
Autonomous Student Learning

59
Total

125
 
Requirements, Exclusions and Recommendations

Not applicable to this module.



 
Description % of Final Grade Timing
Examination: End of Semester Exam

60

 2 hour End of Trimester Exam
Assignment: Assignment

30

 Unspecified
Continuous Assessment: Continuous Assessment

10

 Unspecified

Compensation

This module is not passable by compensation

Resit Opportunities

In-semester assessment

Remediation

If you fail this module you may repeat, resit or substitute where permissible

Name Role
Dr Orla Byrne Tutor