Upon completion of this course, the student is able to:
- comprehend different topics and issues related to entrepreneurial finance;
- analyse available alternatives to organize, finance and assess the value of a new venture;
- apply best practices on how to finance the scaling up (growth) of a company and resolve (related) financial distress, and reach a successful exit;
- understand and apply current scientific research related to entrepreneurial finance.
The course provides students with the essential theories, knowledge and skills to adequately make financial decisions of entrepreneurial firms in different maturity stages.
The starting up of innovative and sustainable ventures as well as their growth toward maturity and equity markets not only require financial and accounting knowledge & tools, but also lead to issues that are specific for them. This course therefore deals with various topics like assessing enterprise opportunities with embedded scale potential, understanding the organizational issues which need to be solved, preparing scalable and flexible (financial) business models, assessing a venture’s (financial) performance through Key Performance Indicators (KPIs), selecting and structuring the right funding sources, valuing business ventures for growth investors, financial transitions (post pivoting) & exit strategies.
Entrepreneurial process, Design for scale & pivoting business models, Venture financing, Financial sources and planning, Venture valuation, Financial transitions strategies, Exit strategies.
Contribution to the program’s learning goals
The course provides theoretical and practical knowledge of (financial) management practices followed by successful entrepreneurs. It also helps students to learn financial management tools and techniques that are specifically used in innovative and scalable business ventures. Students are trained to collect and analyse financial information for scaling a venture. Last but not least, they are trained to analyse and present research outputs.
Knowledge integration with other courses
The subjects covered in this course are related with the knowledge gained from courses on accounting, finance and strategy..
Individual assignment (20%); Individual written exam (80%).