New Venture Creation, 7.5 Credits

Contents

The course aims to provide students with the opportunity to experience the journey of creating a new venture in teams. The course integrates theoretical knowledge with practical application in the field of new venture creation. During the course, students will generate new venture ideas, develop a business concept and assess the viability, desirability and feasibility of this business venture concept. A design approach is used to create and assess new ventures in interaction with different stakeholders. The course is given and examined in English.

Expected learning outcomes

Expected learning outcomes:

• evaluate theories of new venture creation,
• generate new venture ideas,
• develop and assess business concepts for new ventures
• assess consequences of choices made in new ventures considering ethical, sustainability, and technological aspects
• critically reflect upon the individual's and the group's ability to identify and interact with relevant stakeholders for new venture creation and utilize information and other resources gained.
• communicate central concepts for the course in English, both orally and in writing

Required Knowledge

90 credits within the field of Social Science or Science and Technology.

Proficiency in English equivalent to Swedish upper secondary course English B/6

Form of instruction

Learning is supported by lectures where readings and lectures are meant to complement each other. Students will work in teams in ideation bootcamps and workshop formats and are expected to participate in full during these days. The team's work will be presented in writing and orally.

Examination modes

Examination consists of an individual written assignment, a written report and presentation conducted in a group. Attendance at group activities is a requirement to pass the course. A passing grade is required for each part of the module. The course is given and examined in English.

The following grading system is used:

Pass with distinction (Väl godkänd, VG, 75% or more),
Pass (Godkänd, G, 50% or more)
and Fail (Underkänd U, less than 50%).

Grades on the course are awarded when the student has passed all examinations and compulsory course elements. The course is given and examined in English.

To receive the grade Pass with distinction (VG) in the 30 credits course consisting of four modules of the same size, the student must have achieved Pass with distinction (VG) in at least three out of four modules. In shorter courses for example 7,5 credit courses, 15 credit courses or 22,5 credits courses Pass with distinction (VG) is given when the student has achieved at least 75% of the total weighted points.

A student who does not pass the first examination will be offered an opportunity to sit a re- examination within two months. An additional examination opportunity is normally offered every academic year, one week prior to the start of the autumn term. If required by specific circumstances, other form of examination can be used. 

A student that has failed an examination on two occasions has a right to have another examiner or grading teacher appointed, unless there are special reasons against it. A written request addressed to the Director of Studies should be made no later than 14 days before the next examination opportunity. 

Adaptations 
Examiners may decide to deviate from the modes of assessment in the course syllabus. Individual adaptation of modes of assessment must give due consideration to the student's needs. The adaptation of modes of assessment must remain within the framework of the intended learning outcomes in the course syllabus. Students who require an adapted examination - and have received a decision on the right to support from the coordinator at the Student Services Office for students with disabilities - must submit a request to the department holding the course no later than 10 days before the examination. The examiner decides on the adaptation of the examination, after which the student will be notified. 

Academic integrity and cheating 
As a student, you are expected to act with academic integrity. This means writing and presenting within the limits of the academic rules and expectations communicated in the university's regulations and what is otherwise specified by the responsible department. Disciplinary action may be taken against students who use unauthorized help aids or in some other way try to mislead on a test or on another type of task for examination. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to written assignments. Submitted material may be subject to plagiarism control. In addition, Umeå University rules and regulations for education and research apply.

Other regulations

Academic credit transfer is done in accordance with the University credit transfer regulations.

This course can not be used in the same degree as other courses with the same content. In case of uncertainty, please contact your study advisor.