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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 importance aspect 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, leaners  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, Students can get the following certificate:

  • Innovative Venture Creation

How You Learn

How You Learn?

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

Learning Duration (GLH) - 48.5 Hours

On Campus Hours
12.5 hours
Of Campus Hours
21 hours

Course Duration with Study Options

Full Time 

2 weeks

9 am to 3 pm 

5 days / week

Part Time    

5 weeks

12 hours / week

*GLH: Guided Learning Hours

Course Structure

Course Structure

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 Schedule

IVC(I) - Innovative Venture Creation

Module Name

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

Innovative Venture Creation

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

  • Understand the Lean Canvas methodology and various blocks of Lean Canvas
  • Learn how to build a Business Model using Lean Canvas
  • How to Identify the Problems you are addressing using your Startup / Business Idea
  • How to define the Solutions you are offering to address the problems
  • How to identify the target customer segments and channels
  • Understand the various funding options available for your startup
  • Understand how to determine financial viability
  • Understand the importance of Go-to-Market Strategies and channel development

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

  • Prepare a Lean Canvas representing your Business Model
  • Evaluate the various funding options available and select the appropriate option, if any
  • Prepare the financial viability statement for your startup
  • Prepare a Business Plan and an investor pitch deck 

Who Should Attend

Ideal Candidates

Entry requirements

Startups and Small or Medium-sized Enterprises (SMEs)

 

Aspiring entrepreneurs or intrapreneurs

 

Graduates interested in the development of an investor-ready business plan

Who Should Attend

  • Individuals who want to develop the skills to create innovative business models and investor-ready business plans

  • Individuals who want to develop the skills to create innovative business models and investor-ready business plans

Advance Your Career

Advance Your Career

Programm Options

Train Only Program

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 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. Lithan's Certificate in Innovative Venture Creation

Course Fees & Funding

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

For Self-sponsored Individuals

Category of Individuals
Type Other Residence Age >= 17
Course Fee 3000
SSG Grant 0
Government Grant 0
Nett Fee Payable 3000
GST Payable 0
Total Nett Course Fee 3000
Fee Protection Scheme (inclusive of GST)* 0
Processing Fee with GST 0
Total Fee Payable to Lithan 3000

For Self-sponsored Individuals

Category of Individuals
Other Residence Age >= 17
Course Fee 3000
SSG Grant 0
Government Grant 0
Nett Fee Payable 3000
GST Payable 0
Total Nett Course Fee 3000
Fee Protection Scheme (inclusive of GST)* 0
Processing Fee with GST 0
Total Fee Payable to Lithan 3000

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