ENTREPRENEURIAL FINANCE

Programme Code: SSG Course Code : CRS-N-0046253

Overview

The primary objective of this course is to provide an understanding of a wide variety of issues related to the financing of entrepreneurial firms.

The approach will be based on the economics and finance of entrepreneurial firms and financial intermediation. The course has an analytical nature, not an institutional or descriptive one. The course will teach students how to understand rigorous theoretical arguments, read and perform simple econometric analyses, and analyze practical situations through case study discussions and group exercises. The course will require both individual and team work. Individual work will be necessary to prepare for class discussions and for the academic readings required for the exam. Team work in the valuation exercise and case studies will lead students to a unique opportunity to experience the discussion and management of complex, real-world problems.

Do note that this course is useful for students interested in innovation and entrepreneurship. It is a Management elective as well as a T&E elective. The project component may have a real client, so it is possible to expect considerable use of time for projects in this course as well as to have a serious nature to the project. Students will spend substantial time in the field performing observations and prototyping solutions.

Next Course Starts On07 Nov 2019 (Thu) See Full Schedule
Fee SGD2782.00* (as low as SGD314.60* after maximum funding) Learn more
Duration

Duration (36 hours)

  • 2 classroom sessions
  • 2 weekday evenings and a full Saturday per classroom session
  • 5-6 hours of blended learning outside classroom time
Level
Basic

Topics/Structure

By the end of this course, students will be able to:

  • Explain how a start-up firm grows into a mature firm and what the major sources of financing are at each stage of growth (including traditional sources of financing such as bank loans, public grants, and ‘family, friends, and fools’; un-intermediated finance such as business angels and corporate VCs; intermediated finance such as VC, buyout, and mezzanine)
  • Apply various valuation techniques to real-world firms at different growth stages and calculate their cost of capital
  • Illustrate how deal structures and allocation of ownership and control rights can affect the incentives of entrepreneurs and VC investors
  • Analyze entrepreneurial financing cases and the potential risks and returns on investment in each case
  • Evaluate the investment potential of a startup firm from a VC’s perspective.

Assessment

Pre-requisites for ELP enrolment

The student must be enrolled in with Temasek Polytechnic (TP) in the ELP-Specialist Diploma in Business Innovation in Finance. offered jointly by TP and SMU.

This Specialist Diploma in Business Innovations in Finance offered under TP's  SkillsFuture Earn & Learn Programme (ELP) for the Professional Services, is a 12-month work-study programme targeted primarily at local fresh Polytechnic graduates from relevant full time courses of study. 

 

Pre-requisites for SMU course application :

All Diploma holders are welcome to apply.

 

Certification

This module constitutes part of ELP-Specialist Diploma in Business Innovation in Finance. You will need to complete Corporate Entrepreneurship and Innovation and 2 more TP modules (Marketing & Client Servicing, Data Analytics for Investment & Marketing) to be awarded Specialist Diploma in Business Innovation in Finance.

 

Assessment

100% coursework

Fees and Funding

Self-Sponsored Individual / Non-SME Company Sponsored Individual

$2782 (Full fees);

$834.60 (Singapore Citizen/PR below 40 years old);

$314.60 (Singapore Citizens above 40 years old)

 

SME Company Sponsored Individual:

$2782 (Full fees);

$314.60 (Singapore Citizen/PR)

Funding

SkillsFuture Series 
Course fee grant of 70% of course fees (excluding GST) for participants who are successfully enrolled by SMU into approved courses under the Programme. Participants must be Singapore Citizens or Singapore Permanent Residents.

SkillsFuture Mid-Career Enhanced Subsidy ("MCES")
Up to 90% of course fees for Singapore Citizens aged 40 years and above

Enhanced Training Support for SMEs ("ETSS")

Up to 90% of course fees; and 80% of basic hourly salary capped at $7.50/hr for local employees of SMEs.

SkillsFuture Credit
Singapore Citizens aged 25 and above, and self-funding may use their SkillsFuture Credit (up to S$500) to defray part of the course fee. Please click User Guide on how to submit your claim. SkillsFuture Credit claims may be submitted by logging in via MySkillsFuture.sg.

  • SkillsFuture Course Code*: CRS-N-0046253
  • SkillsFuture Course Name*: Entrepreneurial Finance

* Important Note: Participants claiming SkillsFuture credits should locate the course in Training Exchange using the Course Code/Name above.

 

Schedule

Start Date(s)
Intake Information

2019 takes and Dates

Course Duration :

Each run is conducted over 2 sessions; each session comprising of 2 weekday evenings (7pm to 10.15pm) and a full Saturday (9am to 6.30pm).

 

Run 1: (Each run is conducted over 2 sessions [[REGISTRATION OPEN]

Session 1: 7-9 Nov 2019

Session 2:14 - 16 Nov 2019

Speaker/Trainer Bio

LIANG Hao

Assistant Professor of Finance; BNP Paribas Fellow

Dr. Hao LIANG is an assistant professor of finance and BNP Paribas Fellow at Singapore Management University’s (SMU) Lee Kong Chian School of Business. He is also a research member of European Corporate Governance Institute (ECGI). He obtained his PhD in finance from Tilburg University, and received the Best PhD Dissertation of the entire university in 2015. He was a Visiting Researcher at Harvard University and a fellow of Harvard Law School’s Program on Corporate Governance. His research interests include corporate finance and governance, corporate social responsibility (CSR), entrepreneurial finance, and international business. He has published his research on Journal of Finance, Journal of Financial Economics, Journal of International Business Studies, Management Science, Organization Science, Oxford Review of Economic Policy, among other journals. His research has won several internationally recognized awards, including the Moskowitz Prize of Socially Responsible Investing, Sustainable Finance Geneva Prize, FIR-PRI Finance and Sustainability Award, Zephyr Prize for Best Corporate Finance Paper.

At SMU Dr. Liang teaches a broad range of courses on Entrepreneurial Finance, Corporate Finance, and Sustainable Finance at the undergraduate-, Master-, DBA- and PhD-level. He was a nominee for Most Promising Teaching Award at SMU and a recipient of the Dean’s Teaching Honour List (Top 20 Faculty) Award. He is a frequent contributor to Harvard Law School Forum of Corporate Governance and Financial Regulations and Oxford Business Law Blog.

Additional Details

ELP Application:

For all ELP course application, please email tsa_ELP@tp.edu.sg.

 

SMU Course Application :

For SMU course application, please email academy@smu.edu.sg.

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