MMM094A-Financing for Creative Entrepreneurship

Module Provider: Leadership, Organisations and Behaviour
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2022/3

Module Convenor: Dr Maksim Belitski
Email: m.belitski@reading.ac.uk

Type of module:

Summary module description:

How can creative entrepreneurs raise finance for their creative project? This module introduces students to the various forms of financing for creative entrepreneurship as a process of entrepreneurship with a special focus on debt, equity financing, alternative financing and reward –based crowdfunding.

Aims:

Using the entrepreneurial ecosystem approach and entrepreneurship process, the module will critically examine the nature, role and importance of different sources of finance for entrepreneurial creative ventures, strategies and business planning to raise finance at different stages of firm growth. 

Assessable learning outcomes:

Intended learning outcomes:

By the end of the module it is expected that the student will be able to demonstrate a critical understanding of theory, process and practice of entrepreneurial activity and entrepreneurial finance. 

Assessable learning outcomes:

Apply theory to create a crowdfunding pitch for angel investors, venture capitalists, private equity and other ecosystem stakeholder. 

Analyse a firm’s financial statements, including the use a comprehensive set of financial ratios, to evaluate a company’s performance to conduct a cash flow analysis and a project appraisal.

Assess and compare the stakeholders and resources within the entrepreneurial ecosystem of a region / country in order to decide on the market making strategies and access to financial resources.  

Additional outcomes:

Students will have to work both independently, and in groups, leading to the development of time-management and team working skills. 



Preparatory guidance and formative assessment will be provided for group work. Such skills are important for future employment and professional development. 

Outline content:

• Introduction to entrepreneurship ecosystems


• the role of Entrepreneurial Finance in the process of entrepreneurship


• the 'the market for finance' and how accessing different funding actually works?

 Equity Finance: Corporate VCs, Business Angels and Venture Capital as a source of entrepreneurial finance

• Debt finance: Government, Banks Universities as a source ofentrepreneurial finance 


• ‘Alternative’ forms of financing, including peer-to-peer lending, B-to-B lending, equity and reward based crowdfunding.


• Investment decision making in markets with perfect and imperfect information


• Investment decision making under uncertainty


• Initiating entrepreneurial venture and funding it

The module content is designed to provide a better contextualisationfor ICM263 Venture Capital and general entrepreneurship modules, which has a more technical approach.

Global context:

The course uses the synergised approach adopted by Henley Business School, University of Reading and Kelley Business School, Indiana University Bloomington.

Brief description of teaching and learning methods:

The module will consist of lectures (10x2) and seminars (3x1). During this time the main topics on the syllabus are covered. Students’ contributions to discussions during these sessions are welcomed in order to promote knowledge exchange of relevant work experiences. 



Seminars will incorporate individual cash flow and investment appraisal analysis; group work and presentation on a case study with calculation and a comprehensive set financial analyses to eva luate a company’s performance. Seminars end with question and answer session. 



Students are expected to read key references and to do a significant amount of independent research using the Internet, journals, and academic references

Contact hours:

	Autumn	Spring	Summer
Lectures	20
Seminars	3
Tutorials	1
Guided independent study:
Wider reading (directed)	26
Advance preparation for classes	40
Preparation for presentations	10
Total hours by term	100	0	0
Total hours for module	100

Summative Assessment Methods:

Method	Percentage
Written assignment including essay	60
Oral assessment and presentation	40

Summative assessment- Examinations:

Summative assessment- Coursework and in-class tests:

One individual task of 2,000 words, covering a major area in the syllabus (60%). To be submitted in timetable week 13.

One group presentation of 10 min on a case study covering a major area of entrepreneurship process of equity crowdfunding and financial analysis (40%). To be completed in timetable week 15.

 

Formative assessment methods:

Verbal feedback will be provided during lectures and tutorials.

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa- guidePG.aspx

Assessment requirements for a pass:

A weighted average mark of coursework and presentation of 50%.

Reassessment arrangements:

Resubmission of the individual essay in August/ September.

Additional Costs (specified where applicable):

Cost	Amount
1. Required Text Book - Core reading - Donald F Kuratko. Entrepreneurship Theory, Process, Practice.  Eleventh edition, 2020.	£60.00

 

Last updated: 22 September 2022