The Financial Potential and Risks of New Business Ideas (Credit Bearing to Masters of Science in Innovation and Graduate Certificate in Applied Innovation)

Overview

Is your business idea destined to become a resounding success? Learn how to use the appropriate framework and tools to identify successful business ideas, innovation projects and ventures while considering your competition and internal resources and risks to assess their potential to tap into market opportunities for business growth.

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Run 1: 21-23 Feb 2019 [Fully subscribed thank you!]

Run 2: 16,17,20 Apr 2019 [Now open for registration!!]

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Learn how to estimate demand and market share, conclude on financial potential, and assess the risks of new business idea. On top of lecturers and class exercises, you will be engaged in the group discussion, deepening your knowledge through trial and error, and take on the perspectives of corporate venture capitalists, entrepreneurs, and intrapreneurs or agents for innovation in larger corporation.

Offered by the same faculty under SMU's Graduate Certificate in innovation and SMU's Master of Science in Innovation, this course aims to expose participants to key concepts in innovation that can be readily translated into practical business cases themselves and the organizations that they work in.

Next Course Starts On21 Feb 2019 (Thu) See Full Schedule
Fee SGD1712.00* (as low as SGD193.60* after maximum funding) Learn more
Duration

2 weekday evenings (7pm to 10pm) and a Saturday (9am to 6pm)

Level
Basic

Work towards a bigger goal

This module is part of:

Graduate Certificate in Applied Innovation

Learn more

Topics/Structure

TAKEAWAYS

Through participating in this course, you will be able to:

•          Appreciate strategies to manage competition and resources for innovation.
•          Create, analyse, and evaluate the financial potential and risk of business ideas.
•          Understand  the Corporate Venture Capital Industry.
•          Develop a flair for effectively presenting new innovation and venture ideas.

Who Should Attend

Startup owners, entrepreneurs, business owners, executives and individuals who seeks to enhance innovation in their business or to create innovation centres within their organisations. Individuals who want to understand innovation and develop implementation and actionable plans for their organizations.

Assessment

Assessment

An assessment will be conducted at the end of the course.

Certification

Upon meeting the minimum attendance requirement and passing the assessment, participants will receive an Electronic Transcript Letter.

Upon completion of the other 7 relevant modules, participants will receive the Graduate Certificate of Applied Innovation.

**Terms & Conditions Apply**

Learning Activities

Instructional Methods and Learning Activities

Lectures, Discussions, Exercises, Case Studies

Fees and Funding

Full Fees (Foreigners. i.e. non-Singaporean Citizens and non-Permanent Residents)
S$1,712 (after GST) for non-Singapore Citizens and non-Permanent Residents.

SkillsFuture Singapore (SSG) Funding:

A) Self-Sponsored Individual
•    S$193.60 (Singapore Citizens above 40 years old) after SSG Mid Career Enhanced Subsidy (MCES) Funding (Up to 90% course fee subsidy);
•    S$513.60 (Singapore Citizen below 40 years old and PRs) after SSG Funding (Up to 70% course fee subsidy);
•    S$113.60 (Singaporeans on Workfare Training Support Scheme) after SSG Workfare Training Support Scheme (WTS) Funding (Up to 95% course fee subsidy).

SkillsFuture Credit
Self sponsored Singapore Citizens aged 25 and above may use their SkillsFuture Credit (up to S$500) to further defray part of the subsidised course fee. Please click User Guide in the Skillsfuture Credit website to find out how to submit your claim.  As courses in this professional certificate have been modularised, participants will need to identify which course to apply credits for 

SkillsFuture Credit claims may be submitted by logging in via MySkillsFuture.sg.
SkillsFuture Course Code*: CRS-N-0045094
SkillsFuture Course Name*: The Financial Potential and Risks of New Business Ideas
* Important Note: Participants claiming SkillsFuture credits should locate the course in Training Exchange using the Course Code/Name

B) SME Company Sponsored Individual (Enhanced Training Support for SMEs - "ETSS")
•    S$193.60 (Singapore Citizen/PR) (Up to 90% course fee subsidy)

Note: Companies which meet all of the following criteria can qualify for the Enhanced Training Support under the SME scheme:
           i. Company must be registered or incorporated in Singapore;
           ii. Employment size (at group level) of not more than 200; OR Annual sales turnover (at group level) of not more than S$100 million; and
           iii. At least 30% local shareholding being held by Singapore Citizens or Singapore Permanent Residents.

Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll via the SkillsConnect system. For more information, please visit SkillsConnect.

C) Non-SME Company Sponsored Individual

•    S$193.60 (Singapore Citizens above 40 years old) after SSG (Mid Career Enhanced Subsidy) MCES Funding (Up to 90% course fee subsidy);
•    S$513.60 (Singapore Citizen below 40 years old and PRs) after SSG Funding (Up to 70% course fee subsidy);
•    S$113.60 (Singaporeans on Workfare Training Support Scheme) after SSG (Workfare Training Support Scheme) WTS Funding (Up to 95% course fee subsidy).

Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll via the SkillsConnect system. For more information, please visit SkillsConnect.

Schedule

Start Date(s)
Intake Information

Run 1: 21 Feb 2019 (Thu),[FULLY SUBSCRIBED THANK YOU!]

            22 Feb 2019 (Fri),

            23 Feb 2019 (Sat)

Run 2: 16 Feb 2019 (Tue),[NOW OPEN FOR REGISTRATION!]

            17 Feb 2019 (Wed),

            Sat Feb 2019 (Sat)

Note : This module is conducted over 2 weekday evenings (7pm to 10pm) and a Saturday (9am to 6pm).

Speaker/Trainer Bio

Dr. Frank Siegfried

Dr. Frank Siegfried accumulated 2 years of working experience in several high-tech Multi-National Companies (MNC’s), working in Germany, UK, PRC and Singapore prior to joining Academia and forming his own Advisory business. He received his Doctor in Business Administration (DBA) from Manchester University and was an Adjunct Faculty in the Lee Kong Chian School of Business at SMU. He was Program Director at SMU Executive Development, and teaches subjects related to Megatrends, VUCA World, Scenario Planning, Strategy, Change, Risk, Entrepreneurship, Venture Capital and Innovation Management to practitioner from local and international companies.

He also teaches Global MBA students at Manchester Business School using Scientific Principles related to strategic analysis and planning, decision making for differentiation and innovation, entrepreneurial finance, risk mitigation, go-to- market primary data collection using qualitative and quantitative research methods mostly applied in high-tech or financial services industry contexts. His work seeks to create actionable interventions with impact to make changes in relation to the industry’s most pressing issues.

Additional Details

Prerequisites

•          Good Bachelor's Degree
•          Diploma Holders with at least 3 years of working experience

Policies

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