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Innovative Venture Creation

NICF - Innovative Venture Creation Digital Business

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Course Outcome

Be an Innovative Venture Creator
Create innovative startup with validated go-to-market channels and strategies, financial planning along with a compelling pitch to investors
Training

Get Trained

Learn important aspects in the creation of innovative business model including buyer persona, go-to-market strategies, channel selection, key financial metrics and validation of investors’ pitch.
Training

Get Experiential

With the guidance of experienced mentors, learners  will plan, design and implement an Innovative Business Model to transform the enterprise into an efficient tech-organization

Training

Get Certified

After successfully completing the course, Learners will get following NICF Statements of Attainment (SOA):

  • IT-CIO-405S-1  Select new technology models for business (CV: 2)
  • IT-MC-401S-1 Perform competitive analysis (CV: 1)

How You Learn

How You Learn?

Learning & Course Duration
When you enrol, you will commit to the following learning hours.

Learning Duration (GLH*) - 42.5 Hours

On Campus Hours
12.5 hours
Off Campus Hours
30 hours

Course Duration with Study Options

Full Time 

2 weeks

9 am to 3 pm (5 days/week)

 

Part Time

5 weeks

12 hrs/week

* Guided Learning Hours

Course Structure

Course Structure

NICF - Innovative Venture Creation

The objective of this course is to introduce learners to various facets of starting up a business. First, the learners are introduced to good practices in entrepreneurship, including innovative means of creating venture capital.

 

By the end of this module, the learner will learn how to create an innovative business model by applying key concepts of Lean Canvas. The learner will learn how to determine Buyer Persona for products or services and also understand the importance of selecting appropriate Go-To-Market channels, both for online marketing purposes as well as offline distribution, where applicable. Learner will also learn how to analyze financial sustainability and scalability by utilising key metrics such as: cash flow, CAC, LTV. The learner will gain appreciation on what to look out for in a negotiated Term Sheet.

 

The course is aligned with Singapore’s WDA WSQ NICF. This module contains 9 instructional units and is delivered in blended mode. The learning journey is described in the session plan.

 

The learner shall perform e-learning and assignments for each of the Instructional Units with online support from the Tutors. Subsequently, the learner shall perform a industry-relevant project with the guidance of an Industry expert who play the role of Project Mentor.

Course Modules :

Outline Outline Schedule Schedule

IVC (2.2) - NICF - Innovative Venture Creation

Outline
Schedule
Module Name

NICF - Innovative Venture Creation

Session Outline Activities

Session 1: Orientation & Lecture - Live (3 hrs)

The student has to attend a Live Orientation Session conducted at LA campus or go through a recording of the Orientation Session.

After the Orientation, the Learning Facilitator will introduce the module by conducting the lectures on:

IU 1: Introduction to Lean Startup Concepts

Session 2: E-learning- Off campus (3 hrs)

The Student will engage in e-learning to LEARN IU1 to IU3:

  • IU 2: Lean Startup Methodology: Build-Measure-Learn
  • IU 3: Define Problem & Solution

The Student should complete self-assessments

Student can approach Online Support for any queries or guidance

The student has an option to attend Live Flipped Class session of IU1 - IU3 if the Learning Facilitation session is scheduled in the Published Schedule

Session 3: Assignment – Off campus (3 hrs)

The Student will  PERFORM the Assignment 1 related to IU1 -  IU3.

The Learning Facilitator shall review the Assignment  and assign scores as part of Formative Assessment 

Session 4: E-learning- Off campus (3 hrs)

The Student will engage in e-learning to LEARN the following IUs:

  • IU 4:Buyer Persona
  • IU 5:Unique Value proposition

The Student should complete self-assessments

Student can approach Online Support for any queries or guidance

The student has an option to attend Live Flipped Class session of IU4 & IU5 if the Learning Facilitation session is scheduled in the Published Schedule

Session 5: Assignment – Off campus (3 hrs)

The Student will  PERFORM the Assignment 2 related to IU4 & IU5.

The Learning Facilitator shall review the Assignment and assign scores as part of Formative Assessment 

Session 6: E-learning- Off campus (3 hrs)

The Student will engage in e-learning to LEARN the following IUs:

  • IU 6: Revenue Streams
  • IU 7: Channels

The Student should complete self-assessments

Student can approach Online Support for any queries or guidance

The student has an option to attend Live Flipped Class session of IU6 & IU7  if the Learning Facilitation session is scheduled in the Published Schedule

Session 7: E-Learning - Off Campus (3 Hours)

The Student will engage in e-learning to LEARN the following IUs:

  • IU 8: Business Viability & Cost Structures
  • IU 9: Pitch for fund raising

The Student should complete self-assessments

Student can approach Online Support for any queries or guidance

The student has an option to attend Live Flipped Class session of IU8 & IU9 if the Learning Facilitation session is scheduled in the Published Schedule

Session 8: Assignment – Off campus (3 hrs)

The Student will PERFORM the Assignment 3 related to IU6 - IU9

The Learning Facilitator shall review the Assignment and assign scores as part of Formative Assessment 

Session 9: Mentoring- Live (3 hrs)

The Mentor will conduct a project orientation, discuss the project brief, expectations and guidelines

After session: 

  • Student should complete the tasks up to the milestone 1 (off campus – 3 hrs)
  • Student can seek online support if needed

Session 10: Mentoring - Live (3 hrs)

  • Student should present the project up to milestone 1 and seek mentor’s feedback.
  • Student can seek support & guidance for the milestone 2  of the project
  • Mentor will provide necessary feedback & guidance

After session:

  • Student should complete the tasks up to the milestone 2 (off campus – 3 hrs) 
  • Student can seek online support if needed
  • Students should use the feedback  given by the mentor & peer learners to enhance the project

Session 11: Mentoring - Live (3 hrs)

  • Student should present the project up to milestone 2 and seek mentor’s feedback
  • Student can seek support & guidance for the milestone 3  of the project
  • Mentor will provide necessary feedback & guidance

After session:

  • Student should complete the tasks up to the milestone 3 (off campus – 3 hrs) 
  • Student can seek online support if needed
  • Students should use the feedback  given by the mentor & peer learners to enhance the project

Session 12: Summative Assessment (30 mins)

Assessor will review and provide feedback on the project 

Before session: Student should submit the project report on the LMS

During session: Student will make the final project presentation

Module Name

NICF - Innovative Venture Creation

Competency Unit

IT-CIO-405S-1 PDSE : Select new technology models for business (2 CV)

IT-MC-401S-1 PDSE : Perform competitive analysis (1 CV)

By the end of this module, the learner should be able to gain the following knowledge:

  • Understand Business model design using Lean Canvas methodology
  • Learn Go-to-Market Strategies and channel development
  • Understand how to determine financial viability
  • Analyse and plan approaches in outsourcing strategies

By the end of this module, the learner should be able to apply the following skills:

  • Design and deliver an investor brief pitch presentation
  • Craft a comprehensive investor ready business plan
  • Determine relevance of revenue models for your organisation

Who Should Attend

Ideal Candidates

Entry requirements

No minimum age is required    

Academic Qualification and Work Experience: GCE A Level OR Polytechnic Diploma, NITEC in any specialization OR GCE O Level with minimum 3 years of relevant experience      

Language Proficiency: IELTS 5.0 

Who Should Attend

  • Persona

    This course is suitable for the following profiles: Start-ups and Small or Medium-sized Enterprises (SMEs), Aspiring entrepreneurs or intrapreneurs, Candidates who completed minimum N level interested in the development of an investor-ready business plan, IT Professionals interested in the development of an investor-ready business plan

  • Persona

    This course is suitable for the following profiles: Start-ups and Small or Medium-sized Enterprises (SMEs), Aspiring entrepreneurs or intrapreneurs, Candidates who completed minimum N level interested in the development of an investor-ready business plan, IT Professionals interested in the development of an investor-ready business plan

Advance Your Career

Advance Your Career

SSG Funding 

Career

Train only

Develop skills to create and manage Innovative Business Model for Startups and Enterprises. Learn how to pitch to investors with a investor-ready business plan

Grad Requirements

Graduation Requirements

To graduate from the modular courses, the learner should meet the following criteria:

  • Minimum attendance of 75% for all Sessions in the modular course
  • Should be assessed Competent (C) in the modular course

Certificates

Certificates

Following certifications will be awarded to the student upon meeting graduation requirements

  1. Statement of Attainment by SSG, Singapore: IT-CIO-405S-1 - Select new technology models for business
  2. Statement of Attainment by SSG, Singapore: IT-MC-401S-1 - Perform competitive analysis

Course Fees & Funding

Course Fees & Funding
(All fees stated below, are in SGD)

For Self-sponsored Individuals

Category of Individuals
Type Singapore Citizen & Singapore PR Age >= 21 Singapore Citizen Age >= 40 Singapore Citizen Age >= 35 & earning <= 2000.00/month
Course Fee 2000.0 2000.0 2000.0
Less: SkillsFuture Funding 465.0 1550.0 1900.0
Course Fee after SkillsFuture Funding 1535.0 450.0 100.0
Add: GST (7%) 140.0 140.0 140.0
Course Fee after GST 1675.0 590.0 240.0
Add: Fee Protection Scheme (inclusive of GST) 0.0 0.0 0.0
Total Fee Payable to Lithan 1675.0 590.0 240.0

For Company sponsored

Type of Companies
Type Non-SME & Singapore Citizen & Singapore PR Age >= 21 SME & Singapore Citizen & Singapore PR Age >= 21 SME & Singapore Citizen Age >= 35 & earning <= 2000.00/month
Course Fee 2000.0 2000.0 2000.0
Less: SkillsFuture Funding 465.0 1550.0 1900.0
Course Fee after SkillsFuture Funding 1535.0 450.0 100.0
Add: GST (7%) 140.0 140.0 140.0
Course Fee after GST 1675.0 590.0 240.0
Add: Fee Protection Scheme (inclusive of GST) 0.0 0.0 0.0
Total Fee Payable to Lithan 1675.0 590.0 240.0

Miscellaneous Fees

Miscellaneous Fee (applicable to all individuals)
Medical Insurance (option)* 96.00 - Payable upon approval of request
Deferment Admin Fee* 160.50 - Payable upon approval of request
Re-module Fee* 2140.00 - Refer to Modular course fee which is available on Lithan’s website
Re-sit Exam Fee* 107.00 - Payable upon approval of request
Change of Assessment Date Fee* 64.20 - Payable upon approval of request

For Self-sponsored Individuals

Category of Individuals
Singapore Citizen Age >= 35 & earning <= 2000.00/month
Course Fee 2000.0
Less: SkillsFuture Funding 1900.0
Course Fee after SkillsFuture Funding 100.0
Add: GST (7%) 140.0
Course Fee after GST 240.0
Add: Fee Protection Scheme (inclusive of GST) 0.0
Total Fee Payable to Lithan 240.0
Singapore Citizen Age >= 40
Course Fee 2000.0
Less: SkillsFuture Funding 1550.0
Course Fee after SkillsFuture Funding 450.0
Add: GST (7%) 140.0
Course Fee after GST 590.0
Add: Fee Protection Scheme (inclusive of GST) 0.0
Total Fee Payable to Lithan 590.0
Singapore Citizen & Singapore PR Age >= 21
Course Fee 2000.0
Less: SkillsFuture Funding 465.0
Course Fee after SkillsFuture Funding 1535.0
Add: GST (7%) 140.0
Course Fee after GST 1675.0
Add: Fee Protection Scheme (inclusive of GST) 0.0
Total Fee Payable to Lithan 1675.0

For Company sponsored

Type of Companies
SME & Singapore Citizen Age >= 35 & earning <= 2000.00/month
Course Fee 2000.0
Less: SkillsFuture Funding 1900.0
Course Fee after SkillsFuture Funding 100.0
Add: GST (7%) 140.0
Course Fee after GST 240.0
Add: Fee Protection Scheme (inclusive of GST) 0.0
Total Fee Payable to Lithan 240.0
SME & Singapore Citizen & Singapore PR Age >= 21
Course Fee 2000.0
Less: SkillsFuture Funding 1550.0
Course Fee after SkillsFuture Funding 450.0
Add: GST (7%) 140.0
Course Fee after GST 590.0
Add: Fee Protection Scheme (inclusive of GST) 0.0
Total Fee Payable to Lithan 590.0
Non-SME & Singapore Citizen & Singapore PR Age >= 21
Course Fee 2000.0
Less: SkillsFuture Funding 465.0
Course Fee after SkillsFuture Funding 1535.0
Add: GST (7%) 140.0
Course Fee after GST 1675.0
Add: Fee Protection Scheme (inclusive of GST) 0.0
Total Fee Payable to Lithan 1675.0

Miscellaneous Fees

Miscellaneous Fee (applicable to all individuals)
Medical Insurance (option)* 96.00 - Payable upon approval of request
Deferment Admin Fee* 160.50 - Payable upon approval of request
Re-module Fee* 2140.00 - Refer to Modular course fee which is available on Lithan’s website
Re-sit Exam Fee* 107.00 - Payable upon approval of request
Change of Assessment Date Fee* 64.20 - Payable upon approval of request

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