IMPORTANT: This lecture is only for students assigned to the supplementary curriculum "Extended Studies on Innovation" offered by the Innovation Incubation Center (i²c)! For further information, please visit http://i2c.tuwien.ac.at/home/are-you-a-student/how-to-apply/
***ECTS Breakdown***
2 ECTS = 50 hours
30 Lectures (prüfungsimmanent)
20 Group work, case studies and final presentation
***Content decription***
PART I: Finance Plan & Financing Strategy
In the first part of the lecture, the following topics will be worked through:
- Transition Canvas for finance structure and budget calculation
- Budget calculation (structure and organization, assumptions and input factors)
- How do build and structure a Financial plan
- Taxes, insurances, personnel costs
- Sources of finance for the phases idea, ore-seed and seed (incl. FFF, bootstrapping, business angels, venture capital, crowdfunding and –investing, public funding) and relevant players
- How to choose the ideal financing source
- Project oriented structure (individual structure based on particular projects)
- Evaluation of a company
- Contracts, term sheets
PART II: Funding from the investors’ perspective and international aspects
- The funding process from an investor’s point of view
- Negotiations with business angels and venture capital funds
- International financing and cultural aspects
PART III: Public Funding & Early Stage Financing in Austria
The third part is an info-session with various public funding & early stage financing institutions in Austria. Representatives from the biggest public funding institutions, venture capital funds and a crowdinvesting platform will present their offer and processes.
***Lecturer***
Markus Lang (Associate Partner Speedinvest) goes from tech entrepreneur to venture capitalist – Markus knows many ways to engage in innovation and change. As Head of Speedinvest’s Pre-Seed Program, Markus supports outstanding founders of digital tech companies all across Europe.Markus has taken on several board roles in his portfolio startups, not hesitating to provide them with comprehensive support in every stage and situation they needed a hand – from finding a product-market-fit to successfully raising follow-on funding.Markus builds on his work as a project manager & consultant and his experience in co-founding a logistics tech startup as well as building and scaling several companies. He is passionate about his work and a steadfast and inspiring partner in crime.
This course will give students the opportunity to learn about and participate in negotiations deliberately in a non-tech business context. The aim is not to turn students into master negotiators. However, students will understand what it takes to prepare, conduct and debrief their teams in negotiations. Active participation in class is a key requirement and permanent attendance consequently is mandatory.
