Syllabus

Title
1648 E&I Zone 3 / K5 - FBI Kurs V: Fintech Lab: Design your own Startup
Instructors
Thomas Pannermayr, MSc (WU), Mag. Vinzenz Treytl, Dr. Alexander Eisl, Bakk.techn., Dr. Evgeniia Filippova-Karlusch, Mag.Dr. Walter Mösenbacher, Mariella Schultes, M.A.
Contact details
  • Type
    PI
  • Weekly hours
    2
  • Language of instruction
    Englisch
Registration
09/20/21 to 09/22/21
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Wednesday 11/03/21 11:30 AM - 05:30 PM D4.0.022
Wednesday 11/17/21 10:00 AM - 02:00 PM TC.4.03
Thursday 11/18/21 10:00 AM - 02:30 PM TC.2.01
Wednesday 12/01/21 11:00 AM - 03:00 PM Online-Einheit
Wednesday 12/15/21 10:00 AM - 02:00 PM Online-Einheit

Contents

The course "Fintech Lab - Design your own start-up" is a cooperation of the Institute for Finance, Banking & Insurance and the Institute for Entrepreneurship & Innovation.

The term “FinTech” covers a broad area. On the one hand, the term "FinTech" is used to describe start-ups that are active in the financial services sector. On the other hand, the term "FinTech" refers to a variety of new ideas that improve financial services through the use of new technologies, customer-oriented processes and new business models.

In this course, the participants’ objective is to generate Fintech ideas, to form interdisciplinary teams around these ideas and to develop them from a first flash of inspiration into a business proposal (ie. a very early-stage business plan).

To this end, in a first stage current trends in the Fintech sector (sub-sectors, business models, technologies, etc.) are discussed using concrete examples. These inputs will be complemented by concrete insights from external lecturers and guests. Additionally, the course covers common ideation techniques, start-up methods (such as Business Model Canvas, Lean Start-up Method) and management tools.

In a second stage, students will work on their own ideas. During the business modelling stage, the student-teams receive feedback from expert lecturers Alexander Eisl (CSO Fincredible), Evgeniia Filippova (Start-up expert MCI) and Mariella Schultes (Innovation manager at RWA).

 

Learning outcomes

After completing the course, students are able to

  • develop business ideas from a first flash of inspiration to a first business proposal.
  • analyze business ideas for their strengths, weaknesses, potentials and risks.
  • apply their theoretical knowledge of tools and methods for the evaluation of business ideas in practice.
  • give an overview of current developments in the FinTech sector and typical characteristics of FinTechs.

In the course, students also learn and train to

  • organize and coordinate interdisciplinary teams.
  • tackle complex tasks and problems independently.
  • develop, present and defend own results/solutions/approaches.
  • use presentation media appropriately.

Attendance requirements

General information with regards to attendance:

In order to complete the course, you may not miss more than 20% of the course.

Please note: Normal attendance at WU campus is required to complete this course.

Teaching/learning method(s)

The course follows a practical, problem-based learning approach, consisting of

  • theoretical inputs including practical examples on the topics of FinTech and start-up methodology.
  • the application of the theoretical course content on self-developed start-up ideas.
  • working together in interdisciplinary teams.
  • the presentation of the final business proposal at the end of the course.
  • In this process, the student teams are supported by the lecturers and receive regular feedback on group as well as individual performance.

Assessment

Assessment criteria:

  • Preparation of a business proposal (interim and final presentation): 50%
  • Active class participation: 30%
  • Homework "My FinTech Idea" (one-pager): 10%
  • Reflection paper (one-pager): 10%
  • Peer Ratings: can influence the final grade

Note clef:

  • 100% - 90% = very good
  • 89% - 80% = good
  • 79% - 70% = satisfactory
  • 69% - 60% = sufficient
  • less than 59% = not sufficient

Prerequisites for participation and waiting lists

This course is aimed at students of the SBWL/specialization Entrepreneurship and Innovation and the SBWL/specialization Finance,

  1. who are interested in start-ups and in innovations in the financial sector.
  2. who would like to work in interdisciplinary teams on ideas in the Fintech area.

Please also note the following information:

  • General: The generation of ideas is part of the course. It is therefore not necessary that you already have an idea at the beginning of the course.
  • Especially for students of the SBWL E&I: The basic concept of the course is comparable to the project course "Garage". Therefore, in our experience, attendance of both courses is not advisable.
Last edited: 2021-04-22



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