SME creation facilitation process at Universities
Author
Summary, in English
Much research on SMEs is aimed at researching SMEs after the fact that they have become SMEs. However all SMEs as well as larger companies start as an idea in the head or heads of one or many persons - the prospective entrepreneurs. The purpose of this paper is to investigate how SMEs can be created by transforming ideas into real companies. More specifically we will investigate if and how Universities can facilitate this process by running international cross-functional courses.
Our hypothesis is that in order to create a SME three topics are of pivotal importance:
• Specialist Competence in the business area
• General management competence
• Financial capital
During the fall of 2012 we will test the hypothesis by running a university course called international Marked Driven Engineering (iMDE) in cooperation between Lund University and Zhejiang University. Technology faculties from both Universities are involved – students as well as teachers. Their participation is crucial to cover specialist competence in the business area – technology-based enterprises. Management faculties from both Universities are involved – students as well as teachers. Their participation is crucial to cover general management competence in setting up, funding and running an enterprise. When it comes to financial capital our hypothesis is that for clever business ideas, financial capital can be raised in order to industrialize such a business idea.
In the first trial run 8 business ideas will be generated and tested in the Hangzhou area during the period 120910-121019. Each of the 8 teams will consist of 8 persons – blended to cross-fertilize engineering-business, Chinese-Swedish and male-female participants. With the support of university teachers with the same blend the aim is to create embryos of SME’s.
Our hypothesis is that in order to create a SME three topics are of pivotal importance:
• Specialist Competence in the business area
• General management competence
• Financial capital
During the fall of 2012 we will test the hypothesis by running a university course called international Marked Driven Engineering (iMDE) in cooperation between Lund University and Zhejiang University. Technology faculties from both Universities are involved – students as well as teachers. Their participation is crucial to cover specialist competence in the business area – technology-based enterprises. Management faculties from both Universities are involved – students as well as teachers. Their participation is crucial to cover general management competence in setting up, funding and running an enterprise. When it comes to financial capital our hypothesis is that for clever business ideas, financial capital can be raised in order to industrialize such a business idea.
In the first trial run 8 business ideas will be generated and tested in the Hangzhou area during the period 120910-121019. Each of the 8 teams will consist of 8 persons – blended to cross-fertilize engineering-business, Chinese-Swedish and male-female participants. With the support of university teachers with the same blend the aim is to create embryos of SME’s.
Publishing year
2012
Language
English
Publication/Series
[Host publication title missing]
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Document type
Conference paper
Publisher
West Lake International Conference on Small and Medium Businesses
Topic
- Control Engineering
- Business Administration
Keywords
- Entrepreneur
- Entrepreneurship
- Innovation
- Business plan
- Prototype
- Technology Management
- Lund University
- Zhejiang University.
Conference name
2012 West Lake International Conference on SMB
Conference date
2012-10-13 - 2012-10-15
Status
Published
Project
- Technology Management and Leadership
Research group
- LCCC