MAE 4610

Entrepreneurship for Engineers

Course Description

Course information provided by the Courses of Study 2014-2015.

Develops skills necessary to identify, evaluate, and begin new business ventures. Topics include intellectual property, competition, strategy, business plans, technology forecasting, finance and accounting, and sources of capital. A rigorous, quantitative approach is stressed throughout, and students create financial documents and plans, analyze human resource models, and work with sophisticated valuation methods, complicated equity structures, and legal and business documents. As such, this course represents the "red meat" of entrepreneurship, and the soft skills are left for other courses. Course work consists of discussions, assignments, and the preparation and presentation of a complete business plan.

When Offered Fall.

Permission Note Enrollment limited to: upper-level engineers or permission of instructor.

• Students will be able to read and understand private equity term sheets and analyze businesses from financial and strategic perspectives.
• Be able to provide written and oral communications in a business setting and work on a team.
• Understand market forces, pricing, competition, the nature of the process of entrepreneurship, and operational aspects of starting new technology-based businesses.
• Be familiar with the common forms of intellectual property protection.
• Appreciate the ethical issues that are found in entrepreneurial activities.

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