Myyrmäki Turbiini - Entrepreneurship Incubator (10 cr)

Objective

The target of the course is to provide an overview of entrepreneurship and fundamentals of business and governing legislation. The student learns to assess and develop new business ideas, services and products, which are customer oriented and cost-effective. The student acquires basic skills and knowledge to start a business and understands the role of patents and intellectual property rights and related processes. He or she becomes aware of the guidance services and support provided to entrepreneurs by the public actors. The student knows how to acquire funding for the business and make profitability calculations, price the products and services and produce a clear business plan for his/her business idea. The student learns to build relevant networks for his or her business.

Content

· Entrepreneurship and its business environment
· Different tools and methodologies for planning entrepreneurship
· Customer-oriented productization and servitisation
· Cost calculations and pricing
· Main financial KPI´s and basics of corporate funding
· Marketing
· Laws and legislation, GDPR issues and insurances
· intellectual property rights (copyrights and patents)
· Types of companies and employer obligations
· Counselling services for entrepreneurs and support networks and tools
· Creation of a Business Plan
· Entrepreneurial stories
The emphasis of the content areas is defined in more detail in the implementation plan.

Location and time

Workshops and contact lessons at Myyrmäki campus and hybrid seminars
Thursdays at 13 - 16 during 7.9. - 8.12.2023

Individual guidance and tutoring to students and their teams when working on own business ideas and business plans.

Self-study and assignments

Teaching methods

· Seminars with guest lectures
· Workshops
· Project-based learning (working on your own business idea and business plan)
· Individual tutoring and guidance

Further information

The course is directed to Metropolia students.
MINNO innovation project course, 10 ects, or same amount of credits included in the elective studies can possibly be substituted by this course when agreed and accepted separately by the student´s degree programme.
Myyrmäki Turbiini entrepreneurship incubator is valid also for Master´s degree students.

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has participated in activities and sketched the business idea fairly. The student has gained basic understanding of the different concepts and fundamentals of entrepreneurship. He or she is aware of the stages of starting new business and registering a company and of tools and methods for planning entrepreneurship. He or she is aware of impacts that the operational environment has on a company.

Assessment criteria, good (3)

The student has participated in activities actively and is able to recognize well what is required to establish and operate a company. He or she is able to apply into practice different tools and methods for planning entrepreneurship and to develop his or her business idea further. The student is well-aware of the different stages of starting and registering a company and of the impacts operational environment has on the company. He or she has gained perspectives of the opportunities in business and how to utilize different support services and networks.

Assessment criteria, excellent (5)

The student has participated in activities and development of the business idea extremely well. He or she has adopted wide range of knowledge and skills that an entrepreneur needs when starting a company. He or she is able to actively use tools and methods of entrepreneurship in order to analyse and develop his or her business idea. The student knows the requirements of the stakeholders in the operational environment of the companies. He or she knows how to acquire and analyse knowledge about operating a company and its funding. The student has developed his or her own business idea and business plan ready for a possible realisation.

Further information

There are two implementation parts that are evaluated separately:
* Starting Your Own Business 8 ECTS
* Running a Business – Management Point of View 2 ECTS

This implementation is for Master students only in order to evaluate them based on different bachelor and master level EQF requirements. Master students are evaluated by two separate parts, 8 ECTS for the assignments same with bachelor students and 2 ECTS an additional Master level assignment about managing a company.

Both bachelor and master students study in the same teaching group.