During the NewSpace elective teams of participants will submit at the end of the elective a short business plan for a project at their choice.
The first week will be dedicated by experts informing the participants on business plan principles, business canvas and essential financial calculations to be included in a business plan. Experts from different equity investor categories will discuss with the participants on the approaches of business angels and venture capitalists and give useful info on how investors evaluate business plans and do due diligence. In parallel, the participants will work further on a concept of their choice.
The second week will be mainly dedicated to coaching on how to present a business plan slide deck with the help of experts from a local incubator. In this period, also analysts of equity investors will be invited to explain how they evaluate business plans. To the extent possible, representatives of a successful start-up will share their experiences.
On the last day, the teams will present their proposal in front of a professional jury which will evaluate the different proposals and give feedback on the strengths and weaknesses.
Preferred participation: in order to ensure a smooth flow preference will be given to the participation of external teams of 4-5 persons each. They will go through the same process as the master students except for the academic evaluation part (as the elective is an integral part of the academic process).