Technology Entrepreneurship Lab

In cooperation with UnternehmerTUM GmbH. The module Technology Entrepreneurship Lab offers a "hands-on-experience" for the development of entrepreneurial business ideas and opportunities with teams. Students work full-time for three consecutive days on the development of their entrepreneurial, technological and coaching skills. The students document both, the opportunity development process and the parallel team development process and present both processes. Subsequently, they will work on their teams’ development of an opportunity assessment plan for the respective business ideas.

After module participation students are able to understand the processes associated with the recognition and development of entrepreneurial opportunities. In addition, they are able to analyze the development of entrepreneurial teams and to apply coaching tools for this purpose. Further, they are able to develop an opportunity assessment plan as well as guide others in this process.

The grading is based on a project work. With the project work students show their understanding of the processes associated with the recognition and development of entrepreneurial opportunities. Students show that they are able to analyze the development of entrepreneurial teams. Moreover, they show their ability to apply coaching tools. Throughout the project work each student has to hand in regular written documentation of maximum one page in which to describe the continuous development of the entrepreneurial idea as well as the team (60%). At the end of the project work each student has to hand in a summary documentation of maximum three pages (40%) covering idea development, team development and used tools.

First entrepreneurial experience (in any field) First team development experience (in any filed) Ideally already taken part in Tech Challenge (WI 001180) or Business Plan Basic Seminar (WI000159)

The module consists of a three-day introductory lecture on entrepreneurial, technological and coaching skills as well as a hands-on 3 month execution phase with teams. A coach accompanies this process. The business ideas and team development processes are supervised and presented.