2021/2022 xxx10 Financing Innovative Ventures Læringsutbytte Knowledge Upon completion of the course, the student can: explain the guiding principles for financial decision making for new ventures, review the important elements of financing innovative start-ups and small businesses, describe the most important sources in the financing of new ventures, describe the basic principles of new venture valuation, discuss how to develop an integrated innovative business strategy and account for uncertainty and dynamic aspects and demonstrate the influences of risk and uncertainty on new venture success and investment performance. Skills Upon completion of the course, the student can: forecast revenues for a new venture and, subsequently, cash flows from operations, use simulation in business planning under uncertainty, use decision trees and analyze real options in strategic planning, estimate how much money a venture needs and at what point in time and value a new venture using several approaches and identify the pros and cons of each. General competence Upon completion of the course, the student can: advise and assist start-ups and small businesses that play a key role in innovation and compose plans for funding and strategies for entrepreneurs. Innhold The following topics are covered. New venture financing Venture capital New venture strategy and real options Developing business strategy using simulation Methods of financial forecasting Assessing financial needs Foundations of new venture valuation Valuation in practice Arbeids- og undervisningsformer The following teaching methods are used. Lectures Seminars that also include student presentations and discussions. Each student will be required to give at least one seminar presentation. Self-study Obligatoriske krav som må være godkjent før eksamen kan avlegges Students must pass three out of four mandatory course requirements to be allowed to take the exam. 50% attendance in classes is required. Eksamen 48-hour individual home exam. Tillatte hjelpemidler til eksamen All resources.