How to evaluate business opportunities and build scalable ventures


Syllabus

Credits: Midjourney.com

Syllabus

In an ever-changing world, where the speed of innovation and the amount of external forces and drives is constantly growing, the capability to quickly evaluate opportunities and innovate is paramount for the creation of successful businesses. 

The Business Innovation Seminar is designed to provide students from architecture and design backgrounds the key understanding of what makes a project a viable business idea, how to analyze markets and industries, how to validate ideas early on and how to iterate and innovate on business models to build the basis for an economically sustainable venture. Based on the Lean Methodology and mixing together theory, real-life examples, practical exercises and 1-1 feedback, it gives students a toolbox and a mental mindset to approach opportunities during their professional careers as well as the foundations to set up a business. 

All the content will be directly applied by students on a final Venture Starting Package, that will be presented during a final pitch.

Learning Objectives

The aim of the seminar is to provide students with the tools to understand and evaluate business opportunities based on their own research projects. It provides a framework to analyze ideas, tools and references to understand the market and guidelines on how to understand whether a venture can be successfully created. The core competencies are complemented with an introduction to business model innovation and practical exercises. 

Specific Objectives

  • Learn how to evaluate business opportunities 
  • Understand and apply the concept of Product Market Fit 
  • Understand and apply the concept of Unit Economics 
  • Recognize the core elements of a successful venture 
  • Develop and Iterate on a Business Model for a specific idea 

Keywords

Business Model, Business Model Innovation, Lean Startup, Product Market Fit, Unit Economics, Business Angels, Venture Capital. 


Faculty


Faculty Assistants


Projects from this course

Timber Tailor

Furniture has become an essential part of modern day society. Problem Currently an average consumer has a two choices, one to either shop at IKEA and get a generic furniture that every household has or to go for a designer furniture that breaks their bank. With the consumers increasingly looking for products that represent their … Read more

Planterium

Juan is a young professional working in Barcelona at an office with a common work space which he describes as loud, grey, boring and uncomfortable. Juan is not alone… 6.3M employees in Barcelona work in a similar work environment. Our solution to them is: What is the solution? A modular vertical smart pot system which … Read more

PRINT POINT

The reference marking system for 3DP processes Problem Traditional 3DP processes lack accurate and reliable reference markers, which can cause errors and inaccuracies in the final print. This can be especially problematic for cyber-physical set-ups that require precise calibration and location of physical geometries on the 3D model. Solution This issue is resolved by Print … Read more

Travify // Business Innovation

Travify is a travel organizing app that simplifies every aspect of your trip in one platform. The app organizes all aspects of a trip, including flights, accommodation, activities, food among many others, plus custom recommendations ensuring the user has access to the best options for their individual needs and preferences. All this segmented into categories … Read more

ARCHIBUDDY – The World Is Your Friend

Introduction Archibuddy is a unique and innovative project that aims to create adaptive architectural elements to make environments emotion-responsive. Archibuddy will leverage the latest technologies to provide personalized experiences to users, optimizing their well-being and productivity using Emotion Detection Technology and the Algorithmic workflow that was developed over the course of the Master’s Research Thesis … Read more

myMindXR

Everyday, we are bombarded with notifications, emails and countless interactions online. On average, we spend over 40% of our time online