ENG6002 · Engineering entrepreneurship

Overview

The goal of this unit is to impart an evidence-based methodology for building scalable startups that you can use for the rest of their careers, whether they are starting a new business or working in established organisations. For a new business, the goal is acquiring investor funding. In a corporate environment, the methodology will help the organisation start new businesses and allocate their internal resources (time, technology, and talent) more efficiently. The unit will be taught in a hands-on way that engages student teams by requiring them to develop hypotheses and then test those hypotheses outside the classroom. Throughout the semester, teams will modify their business models based on feedback from potential customers, and can then decide if there is a worthwhile business to be built. The unit does not include the execution of the business models; if student teams continue with their companies, they will assemble the appropriate operating plans, but only after they have attained a high degree of confidence that a viable business model exists.

Offerings

The Handbook publishes no offerings for this unit.

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Continuous assessment: 100% Final grades: PGO (pass grade only) or NGO (fail)

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. Decide whether entrepreneurship is for them
2. Design, search for, and improve a business model
3. Practice evidence-based entrepreneurship by formulating and testing hypotheses with potential customers
4. Use agile development methods to produce a minimum viable product containing only the critical features of their intended business

Workload

The minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of 3-6 hours of scheduled learning activities and 6-9 hours of independent study per week. Scheduled activities may include a combination of teacher-directed learning, peer-directed learning and online engagement. Independent study may include associated readings, assessment and preparation for scheduled activities.

Student experience, not official rules. Nothing here changes what the Handbook says.