Office of the Registrar

The Office of the Registrar is located at 105 Heth Hall on the main campus. The Office of the Registrar is located on the 4th Floor, Suite 417-419 at Radford University Carilion in Roanoke.

1 / 2

Registration is open for fall 2024 classes. »

2 / 2

Entrepreneurship 390

I. Course Title: Applied Venture Lab

II. Course Number: ENTR 390

III. Credit Hours: 1 (up to 3 hours) credit

IV. Prerequisites: None

V. Course Description:

This course serves to provide students hands on experience with the techniques and skills essential to successful innovation. A milestone based, lab orientation, the Applied Venture Lab course will be a one credit hour journey for students to build their entrepreneur toolbox. One credit hour, able to be repeated for a total of three credit hours.

VI. Detailed Description of Content of the Course:

ENTR/MGNT 390 provides students an opportunity to develop an entrepreneurial mindset, survey their ability to execute entrepreneurial ventures, learn and practice essential business formation and management principles, and/or be shepherded through the venture creation process.

Depending on the interests and current ability of the student, content and activities may include, but are not limited to:

1) Pathways to Start-up
2) Family Business Essentials
3) Intrapreneurship- building from the inside
4) Proper Business Planning
5) Conducting Secondary and Primary Research
6) Researching Business Legal Formation
7) Essentials of Design Thinking
a. Building empathy
b. Defining and refining needs and problems
c. Ideation
d. Prototyping
e. Testing solutions
8) Intellectual Property Foundations
a. Patenting
b. Trademarks
c. Copyrights
d. Business and Trade Secrets
e. NDAs, Non-competes, and other contracts
9) Financial and Accounting Essentials
a. Understanding Financial Statements
b. Breakeven analysis
c. Estimations and budgeting
d. Benchmarking, ratios, and controls
e. Financial modeling
f. QuickBooks
g. QuickBooks certification
10) Hypotheses creation and testing
11) Creating your MVP

VI. Detailed Description of Conduct of Course:

The course will be taught in a laboratory/experiential format. Class may include the combination of innovation and entrepreneurial activities that promote synthesis, application, analysis, problem solving, and communication skills, and may be delivered via combinations of traditional and online formats.
Readings may include textbook, lay and peer-reviewed articles, and other resources. Students may be asked to read, summarize and critique content, and engage in classroom discussions.
Venture Lab practicum will emphasize the acquisition and deployment of the knowledge, skills, and abilities necessary for successful opportunity recognition and venture execution. Often these practice sets will be focused either upon the students chosen academic major or career aspirations.

VII. Goals and Objectives of the Course:

At conclusion of the course, the student will demonstrate a greater understanding of the innovation process and the tools and skills necessary for successful ventures.

VIII. Assessment Measures:

Assessment of the student's success is based primarily on the completion of a set of tailored agreed-upon milestones created through an agreement between the supervisor and student.

Review and Approval

August 2020