Syllabus

Title
4719 E&I Project 6: Garage
Instructors
Thomas Pannermayr, MSc (WU), Alexander Staub, M.Sc.
Contact details
  • Type
    PI
  • Weekly hours
    2
  • Language of instruction
    Englisch
Registration
02/18/22 to 02/20/22
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Wednesday 03/02/22 08:00 AM - 09:00 AM D5.0.002
Thursday 03/10/22 09:00 AM - 05:00 PM D5.1.001
Friday 03/11/22 09:00 AM - 03:00 PM D5.0.002
Wednesday 03/23/22 04:00 PM - 06:30 PM D5.1.001
Wednesday 03/30/22 04:00 PM - 06:00 PM D5.0.002
Wednesday 04/06/22 04:00 PM - 06:00 PM D3.0.233
Thursday 04/21/22 04:00 PM - 06:00 PM D5.1.001
Thursday 04/28/22 04:00 PM - 06:00 PM Extern
Wednesday 05/04/22 04:00 PM - 07:00 PM D5.1.001
Wednesday 05/11/22 04:00 PM - 06:00 PM D5.0.002
Thursday 05/19/22 04:00 PM - 06:00 PM D5.1.001
Wednesday 06/01/22 04:00 PM - 06:00 PM Extern
Thursday 06/09/22 02:30 PM - 06:00 PM TC.1.01 OeNB
Wednesday 06/15/22 05:00 PM - 07:00 PM Extern

Contents

In the "E&I Garage: Build your own Start-up" students channel their inner entrepreneur and build start-ups based on their own business ideas. Students work in teams of 4-6 as part of a structured process. Course instructors and external coaches mentor teams at every step as they transform an initially rough idea into a persuasive business concept. Student start-up teams present their business ideas and profit-oriented business models to potential investors and other experts at the end of the semester.

In this class, students learn to use tools and methods helpful for identifying, evaluating and realizing technology-oriented, explorative business ideas. As this class is built on the logic of the lean start-up method, students are expected to immediately put theory to practice (interview potential customers, build prototypes, develop financial plans, build a pitch deck etc.) to really experience what it means to be founder.

Learning outcomes

The E&I Garage course is one of the application-oriented project courses. The aim of the course is to deepen and extend the theoretical skills of the students through practical application to a real case.

After positive completion of E&I Garage,

· Students are able to search for, recognize and evaluate innovative business opportunities.

· Students can develop business ideas using the appropriate methods and tools.

· Students can identify customers and their needs,

· Students can analyze and evaluate the environment around a business idea.

· Students can develop sustainable business models.

· Students can apply creative techniques.

In addition, participants expand their soft skills (communication, presentation, project and time management) by working with team members, coaches and external partners.

In addition to the content provided in class, students have premium access to DataCamp, giving them an opportunity during the course to improve their data science skills and better their understanding of the technical aspects involved collecting and exploiting user/financial/environmental data for developing an idea.

Students are not required to engage with the content on DataCamp to successfully complete the course. It is, however, an excellent opportunity to develop highly valuable technical skills as well as gain a better understanding of the discipline of data science, the opportunities it unlocks, and working with data beyond Excel.

Students can explore the following areas on the platform at their own pace:

· Data manipulation

· Data visualization

· Data collection

· Introductions to R and Python

· Introductions to machine learning

Attendance requirements

As the interaction with other students as well as external stakeholders is an integral part of this course, active participation in-person is important.

Students must attend at least 80% of all classes and events to successfully complete the course. However, due to their importance in reaching the course goals, 100% attendance is required for the literature test, kick-off, mid-term and final presentations as well as the E&I Touchdown event. In case of absence due to illness for the literature test, an alternative exam (written or oral) will be provided to the student. For the kickoff, absences (up to maximum of 1,5h) due to a scheduled written exam at WU can be excused if the course instructors are notified with a proof of examination before the kickoff.

In general, all absences in the course must be notified to the course instructors via email (if possible in advance) and confirmation (for example a medical certificate, or in case of an exam a note confirming the date of the written examination) must be submitted as soon as possible. Absences can result in additional compensation work to ensure the course's learning outcomes.

 

 

E&I Garage consists of classes for all students and individual team coaching sessions. There are usually three coaching sessions à approx. 1 hour. Each team individually schedules a time slot with the lecturer within a 2 hour time slot on

  • April 6, 2022
  • April 28, 2022
  • May 11, 2022

Other than the coaching session, there is no class taking place on these days.

Furthermore, there will be a mid-term and a final presentation of the project.

  • April 21, 2022 (mid-term presentation)
  • June 09, 2022 (final presentation)

Except for literature test and kick-off, all other dates shown are subject to change! More detailed information can be found at the introductory event and at the kick-off. Most dates are either arranged individually with course instructors and project partners or take place externally. This is not unusual for innovation projects. Exact dates for the presentations, workshops and coachings will follow at the Kick-off.

Teaching/learning method(s)

· Self-study (literature package)

· Teaching and discussion of theoretical basics on two kick-off days (lecture, working on the project assignments, group discussions, team work)

· Group-based work on real and relevant projects in close cooperation with course instructors and practical coaches

· Workshops and coaching by external partners (experts from the Austrian startup ecosystem)

· Peer feedback

· Documentation and presentation of work progress and results

Assessment

Performance is assessed based on individual as well as group work throughout the semester.

Grading system:

60% Group-based performance

  • 10% Midterm presentation
  • 10% Midterm report
  • 20% Final presentation
  • 20% Final report

40% Individual performance

  • 10% Literature test
  • 25% ongoing participation and project management
  • 5% Reflection essay

Add. 1. Literature test

The literature test takes place on the WU campus on March 2nd, 2022, from 8:00 - 8:30 am. Please take any delay due to checking of the 2G/2G+ rules into account and plan to arrive early. The test examines the basic and in-depth knowledge that is absolutely necessary for the participation in the projects. Therefore, you can find a literature list @learn with basic literature and course-specific additional literature for self-study. If you fail the literature test (less than 50%), you will be automatically transferred to the Analyst Support Program. As a student in the Analyst Support Program (ASP), you will work individually instead of working on a group-based project during the semester. The course instructors are responsible for the design of the program. In case of non-participation (e.g. due to illness) a medical certificate must be presented. For this purpose, a substitute exam will be offered.

Prerequisites for participation and waiting lists

Students enrolled in the Entrepreneurship and Innovation Specialization Program.

Please note that course registration is binding. The moment your registration is received, it is regarded as a clear commitment on your part. Students cannot transfer to another course (once the add/drop period is over) with no exceptions, as it would be unfair to other students (who might not have gotten into the course of their choice because of the spot you registered for). The number of students accepted to the course will only be expanded if there is no space in any other course 4/5.

Attention: the obligatory literature test will be held on 2nd March 2022 between 8 and 9 am. Course participation is only possible by passing the literature test – if you cannot attend the test, we kindly ask you to not register for this course. Detailed information regarding contents and location of the test will be provided after the registration phase for this course. The literature test in this course overlaps with other courses within Course 4&5 of the specialization Entrepreneurship & Innovation. A parallel attendance of these courses is not possible.

Readings

1 Author: Diverse
Title:

Mandatory reading for all project courses


Publisher: Learn@WU
Remarks: Available in the download section on Learn@WU
Year: 2020
Content relevant for class examination: Yes
Content relevant for diploma examination: No
Recommendation: Essential reading for all students
2 Author: Steve Blank
Title:

Why the Lean Start-up Changes Everything


Publisher: Harvard Business Review
Year: 2013
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
3 Author: Steve Blank
Title:

Why the Lean Start-up changes everything (video)


Publisher: Harvard Business Review
Year: 2018
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
4 Author: David J. Bland & Alex Osterwalder
Title:

Testing Business Ideas (the 88 downloadable pages)


Publisher: Wiley
Edition: 1
Remarks: Klick link to get to the pages that can be downloaded for free
Year: 2019
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
Type: Book

Availability of lecturer(s)

alexander.staub@wu.ac.at; thomas.pannermayr@wu.ac.at

 

Other

This course is taught in English.

Weitere Informationen

Attention: the obligatory literature test will be held on March 2nd, 2022 between 8 and 9 am. Course participation is only possible by passing the literature test – if you cannot attend the test, we kindly ask you to not register for this course. Detailed information regarding contents and location of the test will be provided after the registration phase for this course.

The literature test in this course overlaps with other courses within Course 4&5 of the specialization Entrepreneurship & Innovation. A parallel attendance of these courses is not possible.

Last edited: 2022-02-04



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