Seminar: Young Entrepreneurs in Science

Course Description

Content

(YEiS) will enable students at the intersection of management and technology - and in particular those interested in entrepreneurship, intrapreneurship, business development, or R&D in science-based industries - to take an essential part during the early stage of a science-based entrepreneurial initiative from a company in the Munich area (such as from a TUM start-up or an established firm from the Munich Metropolitan area) and beyond (such as globally active science-based firms in industries like chemistry, electronics, or pharma), to consult them, and to take an active part in their establishment and growth. Specifically, as a team of up to five students, participants in YEiS will be tasked to support one science-based entrepreneurial initiative in one crucial problem it is currently facing and to design and possibly implement at least one solution alternatives for that issue. To be able to do that, all YEiS participants will receive a solid introduction into the topic of science-based entrepreneurship, as well as to proven methods and tools for designing and evaluation entrepreneurial initiatives in this context.

 

Previous Knowledge Expected

- Recommended (but not mandatory): Basic understanding of the entrepreneurial process, acquired e.g., through an introductory lecture on entrepreneurship
- Recommended (but not mandatory): Basic understanding systematic firm and market analysis tools, acquired e.g., through an introductory lecture on strategy
- Recommended (but not mandatory): Initial experience in science industries, for example through a major or minor in a science discipline in a B.Sc. degree, or work experience

 

Objective

Having completed the module, students will be capable of understanding crucial elements of the entrepreneurial journey and apply them to the context of entrepreneurship & intrepreneurship in science-based industries. In addition, students will be able to evaluate information and alternative pathways for action in science-based entrepreneurship/intrapreneurship. Furthermore, students will be able to analyze existing opportunities, projects, and initiatives for science-based entrepreneurship/intrapreneurship and develop preliminary alternative designs. Finally, students will be able to hone their social skills, team-working skills, and consulting skills.

 

Languages of Instruction

English

 

Teaching and Learning Method

Presentations, discussion, project work, feedback. Each methods will be chosen in accordance with the content to be communicated. For example, new material may be introduced in short presentations by subject matter experts or through videos, then discussed in teams or by the entire course, and then applied in the project work. The group-level feedback meetings ("coaching sessions") help to ensure that all materials have been understood and applied correctly (including potential adaptations). Required skills will further be showcased through the final presentation (with feedback) and report (feedback upon request).

 

Course Criteria & Registration

For registration you have to be identified in TUMonline as a student.

 

Further Information - Recommended Readings

Garette, B./ Phelps, C./ Sibony, O. Cracked it!: How to solve big problems and sell solutions like top strategy consultants. Palgrave MacMillan, 2018