New Venture Creation

Postgraduate | 2026

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Area/Catalogue
BUSI 5003
Course ID icon
Course ID
201785
Level of study
Level of study
Postgraduate
Unit value icon
Unit value
6
Course level icon
Course level
1
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Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
Yes
University-wide elective icon
University-wide elective course
Yes
Single course enrollment
Single course enrolment
Yes
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Note:
Course data is interim and subject to change

Course overview

This course is aimed at exposing the students to modern approaches to new venture creation; placing the entrepreneurial team at the centre of the process. It is designed for anyone who needs to assess and develop potential business or project opportunities that are mainly, but not exclusively, based on a technological concept or a social innovation. Screening techniques are introduced that will address the new venture value proposition: including analysis of the underlying business concept, the base technology, benefits to customers, and fit with potential markets. Models for new venture development which include consideration of the resourcing requirements, team development and future strategies will be treated in depth; and a comprehensive model for new venture validation will be developed during the course. 

  • Originating & Assessing Opportunity 
  • Venture Design & Venture Creation Processes 
  • Venture Development & Strategising 

Course learning outcomes

  • Identify the difference between a business idea and a potential innovative business opportunity
  • Articulate a new venture value proposition and communicate ideas and concepts effectively
  • Build an assessment process for a new venture to determine its desirability, feasibility, viability, and sustainability
  • Develop practical strategies for exploiting business opportunity and resourcing new venture creation and development
  • Prepare a comprehensive validation for a potential new venture of your own design and recommend future strategy

Assessment

Proposal, Learning Journal, Report

Degree list
The following degrees include this course