CS683/KEP500: Technology Entrepreneurship

Course Outline

CS687/KEP500: Technology Entrepreneurship - Course Outline

Course Schedule and Learning Outcomes »

Module 1: Introduction to Technological Innovation
Lecture 1: 2/9/2019 Introduction. Notes
Learning outcome:
  • Understand the requirements of EPL683.
  • Be familiar with the concepts of Technology, Innovation, and Entrepreneurship, and their interplay.
  • Understand the main factors that led to the post-war innovation revolution in the US.
  • Understand the key challenges of becoming an entrepreneur.
Readings:
Videos:
Precept 1: 4/9/2019 Teams, Tools and Resources. Notes
Learning outcome:
  • Be familiar with online resources for entrepreneurship, start-ups and innovation.
  • Learn some basic collaboration, communication, and ideation tools: Trello, Slack, SimpleMind.
  • Understand the concepts of agile knowledge work with Scrum.
  • Start forming your teams of 3-4 people and brainstorm on the idea each team will work on.
  • Understand the value of mentorship and seek a mentor.
  • Familiarity with the C4E Makerspace.
Readings:
Team formation and roles Tools for Ideation, Coordination, Prototyping and Execution
Videos:
Lecture 2: 9/9/2019 From invention to commercial product: Disclosure, Novelty, Competition, Risk.
Learning outcome: Understand, describe and apply the key stages of turning an invention (or idea) into a commercial product (or company). In particular:
  • Disclosure and confidentiality. Non-disclosure agreements.
  • Novelty and prior art.
  • Competition and market potential.
  • Risk assessment.
Readings:
Precept 2: 11/9/2019 Ideas: invention, selection, development. Notes
Learning outcome:
  • Understand the exploitation routes that you can take with your idea.
  • Understand the value of prototyping your idea.
  • Identify, define, describe, design and assess ideas for your startup.
  • Understand the Sprint methodology of how to solve problems and test new ideas in five days.
Readings:
Exploitation routes and prototyping. How to get ideas? Techniques for selecting ideas Lists of open problems seeking innovative solutions
Videos: How to evaluate ideas and brainstorm about them?
C4E101 Seminar: 11/9/2019 How to: turn a "meh" idea into something innovative and build a team without money? Registration
Invited Speaker: Wael Al Masri, Product Developer, Innovator.
Time and Venue: Wednesday, 11 September 2019. 17:00 -18:30. Room 017, Learning Resource Centre UCY Library "Stelios Ioannou."
Lecture 3A: 16/9/2019 From invention to commercial product: Prototyping, IPR and Patenting Strategy.
Learning outcome: Understand, describe and apply:
  • Understand Intellectual Property (IP) issues.
  • Identify how to record and protect your IP.
  • The purpose of prototyping.
  • Ways to protect your idea: Licensing, Copyrights, Patents, Trademarks, Design registration.
  • Patenting strategies.
Readings:
Videos:
Module 2: Understanding Technology Markets and Customers
Lecture 3B: 16/9/2019 Business Model Basics.
Learning outcome: Understand, Describe and Explain the key aspects of a Business Model.
Readings: Chapter 1: Canvas. Business Model Generation, Alexander Osterwalder and Yves Pigneur, Wiley 2010.
Videos:
C4E101 Seminar: 17/9/2019 Start-up Valuation and Term Sheets. Registration More Info Notes Video
Invited Speaker: Philip Ammerman, Entrepreneur in Residence.
Time and Venue: Tuesday, 17 September 2019. 13:30-14:30. Room 010, Social Activities Centre.
Precept 3: 18/9/2019 Preliminary Team presentations.
Learning outcome:
  • Be able to present your idea and convince your audience about its validity.
  • Seek and Identify mentors who can help you with key questions on your idea.
Readings:
Videos: E-commerce and Gig Economy
  • Is there any space for more e-commerce or gig-economy startups? An interesting presentation by James Mi, Founding Partner of Lightspeed China Partners (LCP), a leading China-focused early-stage venture capital firm (2018). Entrepreneurship and VC Investments in China, YouTube, 2018.
  • What about platforms for matching students with tutors and delivery of tutoring over the Internet? Check the interview of Cindy Mi, founder and CEO of VIPKID, with the Y Combinator (2019).
Evaluating ideas
Lecture 4: 23/9/2019 Business Model Canvas.
Learning outcome: Understand, Describe and Explain the key aspects of the Business Model Canvas.
Readings: Chapter 1: Canvas. Business Model Generation, Alexander Osterwalder and Yves Pigneur, Wiley 2010.
Videos:
Precept 4: 25/9/2019 Elaborate your idea and Create your Mission Statement.
Learning outcome:
  • Be able to create your company's Mission Statement.
  • One-to-one mentoring about your idea.
Lecture 5: 30/9/2019 Who is your customer? Market Segmentation
Learning outcome:
  • Understand and explain the 24 steps of the Disciplined Entrepreneurship concept.
  • Understand the importance of customer understanding in the entrepreneurial pursuit.
  • Understand, explain and implement market analysis.
  • Know how to do market segmentation.
Readings:
Videos:
C4E101 Seminar: 2/10/2019 Marketing: The Core. Registration More Info
Invited Speaker: Daina Nikolaou, Dept. of Business and Public Administration, University of Cyprus.
Time and Venue: Thursday, 3 October 2019. 17:00-18:00. Room TBA.
Precept 5: 2/10/2019 Market Segmentation Lab.
Learning outcome:
  • Review and discuss the readings.
  • Apply the market segmentation step to your problem and report your findings.
Lecture 6: 7/10/2019 Who is your customer? Beachhead Market Analysis and End User Profiling.
Learning outcome: :
  • Understand the concept of and identify your beachhead market.
  • Understand the concept of the Total Addressable Market (TAM) and calculate the TAM size of your beachhead market.
  • Build and analyze an end-user profile.
  • Create the persona for your Beachhead Market.
Readings:
Videos:
Precept 6: 9/10/2019 Lean Product Methodology Overview. Notes
Learning outcome:
  • Review the Lean Product Methodology
  • Understand the concept of Value Proposition and learn how Lean Methodology addresses Market Segmentation and identifies underserved customer needs.
  • Get ready to define your Persona.
Readings:
  • Chapters 1-3 (Determine your Target Customer), 4 (Identify Underserved Customer Needs). The Lean Product Playbook, Dan Olsen. Wiley, 2015.
Videos:
Lecture 7: 14/10/2019 What can you do for your Customer? From Use Case to Core Definition.
Learning outcome:
  • Be able to develop a full life cycle use case for your product.
  • Produce a high-level product specification.
  • Quantify your value proposition.
  • Apply the process to find your next 10 customers and understand what you get out of this.
  • Define the Core of your value proposition.
Readings and Resources:
Videos:
Precept 7: 16/10/2019 What can you do for your Customer? Competitive Position.
Learning outcome:
  • Chart your competitive position.
  • Understand and apply methodologies for exploring customer needs.
  • Understand and apply Lean methodologies for defining your value proposition.
  • Re-work on your idea applying the Lean Startup principles explored earlier.
  • One-to-one mentoring about your idea.
Readings:
Videos:
Lecture 8: 21/10/2019 How does your Customer Acquires your Product? Notes
Learning outcome: :
  • Be able to determine the Customer's Decision-Making Unit (DMU) (Step 12).
  • Be able to design and perform the process to acquire a paying customer (Step 13).
  • Undertake the sales process (Step 18).
  • Identify follow-up markets and estimate their size (Step 14).
  • Understand how to reach customers and build your brand.
Readings:
Videos:
Precept 8: 23/10/2019 Focus on Sales.
Learning outcome:
  • Review experiences regarding sales and marketing for startups.
  • Understand the concept of up-selling and analyze how to expand from the beachhead to adjacent markets.
Readings:
Videos:
C4E101 Seminar: 23/10/2019 Retail navigates digital transformation Registration More Info
Invited Speaker: Marios Loucaides.
Time and Venue: Wednesday, 23 October 2019. 17:00-18:00. Room: 014, Learning Resource Centre UCY Library "Stelios Ioannou".
Module 3: Business Modeling in the Internet Era
National Holiday: 28/10/2019 No Class
Workshop: 29/10/2019 PwC Workshop on Negotiation Skills Registration More Info
Invited Speaker: Marilena Maroudia, Price Waterhouse Coopers, Cyprus.
Time and Venue: Wednesday, 29 October 2019. 13:00-15:00. Room 010, Social Activities Centre.
Precept 9: 29/10/2019 Midterm Report Presentation.
Learning outcome:
  • Present your company idea in a clear and convicing manner, based on the work reported in your midterm report.
Readings:
  • The following blogpost discusses the key aspects you need to address in a presentation of your company idea: How to apply to Y Combinator? by Paul Graham, Y Combinator (2009).
Videos:
Lecture 9: 4/11/2019 Business Model Patterns
Learning outcome: :
  • Understand and explain the Business Model Canvas methodology.
  • Understand innovative Business Model Patterns and apply them to your idea.
  • Appraise techniques to help you design Business Models.
Readings:
Videos:
Precept 10: 6/11/2019 Consultation on Midterm Reports and Team Projects.
Learning outcome:
  • Receive feedback for your midterm reports and presentations.
  • One-to-one mentoring about your idea.
Lecture 10a: 11/11/2019 Business Model Patterns (ctd)
Learning outcome: :
  • Understand the significance of Business Models.
  • Understand, analyse and apply Freemium, Bait & Hook and Open Business Models.
Readings: Additional Readings:
  • The Everything Store: Jeff Bezos and the Age of Amazon. Brad Stone, Corgi, 2014.
  • Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You Geoffrey G. Parker, Marshall W. Van Alstyne, Sangeet Paul Choudary. W. W. Norton & Company, 2016.
  • The Platform Economy by Jennifer L. Schenker, Medium (Jan. 2019).
  • The Passion Economy and the Future of Work by Li Jin, Andreessen and Horowitz (Oct. 2019).
Lecture 10b: 11/11/2019 Focus on Revenue: Pricing and Lifetime Value of Customer (LTV) calculation
Learning outcome: :
  • Understand the significance of Business Models.
  • Explore and develop Pricing Frameworks.
  • Evaluate the Lifetime Value of an Acquired Customer.
  • Calculate the Cost of Customer Acquisition (COCA).
Readings:
Precept & C4E101 Seminar: 13/11/2019 EIT Workshop: The Innovation Game Registration More Info
Invited Speaker: Marton Belik, International Education Lead at EIT Digital.
Time and Venue: Wednesday, 13 November 2019. 12:00-15:00. Walk-In Lab B101, Building ΘΕΕ01-WING A, Level -1 Computer Science Department, University of Cyprus.
Lecture 11a: 18/11/2019 Cost of Customer Acquisition
Learning outcome: :
  • Understand the cost of acquiring new customers.
  • Calculate the Cost of Customer Acquisition (COCA).
Readings:
  • Chapters 19. Disciplined Entrepreneurship, Bill Aulet, Wiley 2013.
Videos:
Module 4: Pitching, Fund-Raising and Execution
Lecture 11b: 18/11/2019 Pitching
Learning outcome:
  • Prepare and deliver pitches to investors.
Videos:
C4E101 Seminar: 20/11/2019 PwC Workshop: ‘Create your own business’ Registration More Info
Invited Speaker: Michalis Stavrides, Partner, Price Waterhouse Coopers, Cyprus.
Time and Venue: Wednesday, 20 November 2019. 17:00-19:00. Learning Resource Centre UCY Library "Stelios Ioannou" Room 014.
Lecture 12a: 25/11/2019 How to Design and Build your Product?
Learning outcome: :
  • Identify and test key assumptions driving your product design.
  • Understand and explain the key concepts of the Lean Startup Methodology.
  • Produce specifications of your Minimum Viable Product (MVP).
  • Plan the development of your Minimum Viable Product (MVP) prototype.
Readings:
Videos:
Lecture 12b: 25/11/2019 Start-up Financing and Fundraising.
Learning outcome: :
  • Describe and explain the different types of funding for a new company.
  • Understand the terminology of funding and the series of funding.
  • Identify sources of funding for your startup.
Readings:
Videos:
C4E101 Seminar: 27/11/2019 Εισαγωγή στο Επιχειρηματικό Σχέδιο Registration More Info
Invited Speaker: Dr. Anastasia Constantinou, Innovation Management Unit, University of Cyprus.
Time and Venue: Wednesday, 27 November 2019. 17:00-18:30. Learning Resource Centre UCY Library "Stelios Ioannou" Room 017.
Final 2/12 Final Team Presentations - Pitch Day!
Time and Venue: Monday, 2 December 2019. 16:30-19:30. PAS01 Building, Room B101 ("Walk-in" Lab).