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Innovative Venture Creation

NICF - Innovative Venture Creation Entrepreneurship, Innovation

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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

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.

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

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?

Personalised learning schedule
When you enrol, you will commit to the following learning hours.

Guided Learning Hours

On-campus Hours
12.5 hours
Off- Campus Hours
30 hours

Study Options

Full-time 

2 weeks

5 days / week

9 am to 3 pm

Part-time

5 weeks

12 hrs / week

Mentoring support available on-campus and online as per published schedule

Learning Facilitation available on-campus as per published schedule

Course Structure

Course Structure

NICF - Innovative Venture Creation

Lithan’s Startup Bootcamp enables the participant to grip key understanding of the Innovative Business Model. Furthermore, the participant is exposed to various lean methodologies and techniques. Participant learns how to apply lean canvas concepts, create go-to-market strategies, understand key financial concepts and important aspects in fund raising.

 

This course is aligned with Singapore’s SSG WSQ NICF and consists of the following sessions:

 

Applied Learning Sessions, in which the participant will understand lean canvas concepts, go-to-market strategies, understanding financial viability and fund raising. The participant will also perform several assignments under the guidance of expert Learning Facilitators.

 

Project Sessions, in which the participant will create and execute Investor-Ready Business Plan projects of his/ her own company or one provided by Lithan, under the guidance of Mentors, who are industry experts.

Course Modules :

Outline Schedule

IVC (2.2) - NICF - Innovative Venture Creation

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 Canvas and Lean Methodologies

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

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

  • IU 2: Problem & Solution
  • IU 3: Buyer Persona 

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: E-learning- Off campus (3 hrs)

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

  • IU 4: Unique Value Proposition
  • IU 5: Revenue Streams

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 4: Assignment – Off campus (3 hrs)

The Student will  PERFORM the Assignment 1 related to IU1 -  IU5.

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

Session 5: E-learning- Off campus (3 hrs)

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

  • IU 6: Channels
  • IU 7: Business Viability & Cost Structures

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 6: Assignment – Off campus (3 hrs)

The Student will  PERFORM the Assignment 2 related to IU6 &  IU7.

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

Session 7: E-learning- Off campus (3 hrs)

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

  • IU 8: 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  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 IU8.

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

Who Should Attend

Ideal Candidates

Entry Requirements

This course is suitable for the following profiles:

  • Startups 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

Who should attend

  • IT Professionals 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 

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 this course, the participant should have completed the following:

  • Minimum attendance of 75% for Class Room Sessions
  • Score a minimum of 70% in Formative Assessments, to be eligible for Summative Assessment
  • Get Competent in Summative Assessment

Certificates

Certificates

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

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

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
SSG Grant 465.0 1550.0 1900.0
Nett Fee Payable 1535.0 450.0 100.0
GST Payable 140.0 140.0 140.0
Total Nett Course Fee 1675.0 590.0 240.0
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
SSG Grant 465.0 1550.0 1900.0
Nett Fee Payable 1535.0 450.0 100.0
GST Payable 140.0 140.0 140.0
Total Nett Course Fee 1675.0 590.0 240.0
Fee Protection Scheme (inclusive of GST)* 0.0 0.0 0.0
Total Fee Payable to Lithan 1675.0 590.0 240.0

Miscellaneous Fee

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 - Per Module Course Fee
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 >= 40
Course Fee 2000.0
SSG Grant 1550.0
Nett Fee Payable 450.0
GST Payable 140.0
Total Nett Course Fee 590.0
Fee Protection Scheme (inclusive of GST)* 0.0
Total Fee Payable to Lithan 590.0
Singapore Citizen Age >= 35 & earning <= 2000.00/month
Course Fee 2000.0
SSG Grant 1900.0
Nett Fee Payable 100.0
GST Payable 140.0
Total Nett Course Fee 240.0
Fee Protection Scheme (inclusive of GST)* 0.0
Total Fee Payable to Lithan 240.0
Singapore Citizen & Singapore PR Age >= 21
Course Fee 2000.0
SSG Grant 465.0
Nett Fee Payable 1535.0
GST Payable 140.0
Total Nett Course Fee 1675.0
Fee Protection Scheme (inclusive of GST)* 0.0
Total Fee Payable to Lithan 1675.0

For Company sponsored

Type of Companies
SME & Singapore Citizen & Singapore PR Age >= 21
Course Fee 2000.0
SSG Grant 1550.0
Nett Fee Payable 450.0
GST Payable 140.0
Total Nett Course Fee 590.0
Fee Protection Scheme (inclusive of GST)* 0.0
Total Fee Payable to Lithan 590.0
SME & Singapore Citizen Age >= 35 & earning <= 2000.00/month
Course Fee 2000.0
SSG Grant 1900.0
Nett Fee Payable 100.0
GST Payable 140.0
Total Nett Course Fee 240.0
Fee Protection Scheme (inclusive of GST)* 0.0
Total Fee Payable to Lithan 240.0
Non-SME & Singapore Citizen & Singapore PR Age >= 21
Course Fee 2000.0
SSG Grant 465.0
Nett Fee Payable 1535.0
GST Payable 140.0
Total Nett Course Fee 1675.0
Fee Protection Scheme (inclusive of GST)* 0.0
Total Fee Payable to Lithan 1675.0

Miscellaneous Fee

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 - Per Module Course Fee
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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