IIM Kozhikode Professional Certificate Programme In Entrepreneurship And New Venture Creation
This is a 8-month, online program designed to help aspiring entrepreneurs develop the skills and knowledge necessary to start and grow a successful business. The program covers topics such as business model development, financial planning, market research, and more and is delivered through a combination of lectures, case studies, and hands-on exercises.
The IIM Kozhikode Professional Certificate Programme in Entrepreneurship and New Venture Creation is an online program designed for aspiring entrepreneurs who want to start and grow their own business. The program is delivered through a combination of lectures, case studies, and hands-on exercises. It covers various topics essential for entrepreneurial success, including business model development, financial planning, market research, and more.
The IIM Kozhikode Professional Certificate Programme in Entrepreneurship and New Venture is designed to be flexible and convenient, with online delivery that allows participants to complete the course from anywhere in the world. Upon completion of the program, participants will have the tools and knowledge to conceptualise, plan, and execute a new venture effectively. They will also have access to a network of experienced entrepreneurs and business leaders who can provide ongoing support and guidance as they progress with their business endeavours.
Pedagogy
The teaching approach will be highly interactive, leverage technology, and deploy diverse pedagogical tools including lectures and case studies, and participants’ sharing of experiences. The learning process is based on the supposition of a higher level of independent thought and study work.
- Groups will develop ideas with a healthy professional attitude in meeting deadlines, quality of output, division of group work, and work ethics.
- Developing a business plan project with a pitch.
- Web-based simulation in which each team will run a company and compete against other teams.
- Practical insights on availing finance from Banks – template basis, preparing analysis, annual fund requirements, and self-credit rating.
- Due diligence sessions in law, human resources, operations, economics, and IT.
Key Learning Outcomes
The IIM Kozhikode Professional Certificate Programme in Entrepreneurship and New Venture will help participants to :
- Understand the concepts and processes to turn an idea into a real business and a market opportunity into a business plan
- Achieve personal competencies through analysis and assess entrepreneurship as a career choice
- Achieve workplace competencies through creative thinking, planning, and prioritising work tasks
- Achieve technical competencies by developing a business idea into a sustainable, viable, and scalable business model
- Develop the competency to interpret and synthesise a feasible business plan using interdisciplinary subject knowledge
- Understand the role of entrepreneurship in economy and social development via adaptability and sustainability
- Use critical thinking to create a plan and procedure, execute managerial strategy, and evaluate the effectiveness of these strategies in the entrepreneurial venture.
- Understand business and revenue models; entrepreneurial financing; and business valuation
- Understand and anticipate the competition, the industry, and the business environment
- Effectively tackle growth challenges to support an expansion plan, including new partners and investors
Programme Highlights
Contextually designed 8-month programme for aspiring entrepreneurs
Entrepreneurial Opportunity Recognition, Evaluation, and Action
Entrepreneurship Simulation & Business Plan Project Pitch
Exclusive Access to IIMK LIVE (Laboratory for Innovation Venturing & Entrepreneurship)
Opportunity to connect with other aspiring entrepreneurs and build a network of valuable connections
The program is taught by experienced entrepreneurs and business leaders who can provide valuable insights
Programme Delivery
Sessions will be conducted via a state-of-the-art Interactive Learning (IL) platform and delivered in Direct-to-Device (D2D) mode that can be accessed by learners on their Desktop, Laptop, Tablet or Smartphone.
Who should attend?
- Participants who are interested in starting their own venture
- Graduates from engineering colleges, software engineers, IT professionals who have a good skill set and want to take the start-up route but don’t have much knowledge
- Working professionals who wish to quit corporate life and become their own bosses
- Lawyers, artists, photographers, designers, etc., keen on setting up a business
Eligibility Criteria
- Graduates (10+2+3 or 10+2+4) or Diploma Holders (10+2+3) in any discipline from a recognised university in any stream from any recognised University or Institution (UGC/AICTE/DEC/AIU/State Government) and a desirable work experience* of minimum 1 year as on program start date.
- Fresh Graduates will be considered on case-to-case basis
- Internships and Training Experiences will not be considered in full time work-experience
- Good digital literacy is essential
Admission Criteria
The selection will be based on the candidate’s profile evaluation, subject to meeting eligibility criteria.
How It Works
Step 1
Select the course of your interest and register
Step 2
Receive Counselling from our Programme Advisors
Step 3
Pay the Preliminary Course Fee
Step 4
Get your documents verified & appear for Interview if applicable
Step 5
Obtain the Offer Letter and Give your Acceptance
Step 6
Complete Onboarding and commence Course
Programme Fee
| Particulars | Total Fees (₹) * |
| Programme Fee | ₹1,75,000 + GST |
| Archive for students | Will be shared with the participants by the end of the programme |
Note:
In reference to the refund of the Processing Fee, please note that the fee shall not be refunded in the following circumstances:
|
|
Installment Schedule
| Installment | I | II | III | |
| Date | To be paid at the time of Registration | Within one week of offer roll-out date | 10th August 2023 | 10th November 2023 |
| Amount* (₹) | ₹20,000 + GST | ₹55,000 + GST | ₹55,000 + GST | ₹45,000 + GST |
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Important Dates
| Application Closure Date | 4th June 2024 |
| Programme Start Date | 17th June 2024 |
| Programme End Date | February 2025 |
Assessment & Evaluation
- Evaluation methodology is the discretion of the faculty. The methodology includes online exams, case analysis, class contribution and any other component as decided by the faculty.
- A minimum of 75% attendance and minimum pass marks in the respective evaluation components is a prerequisite for successfully completing this programme. The programme may require participants to work on individual/group assignments and/or projects.
- The main objective of such assignments/projects will be to help the participants apply their conceptual learning in the programme to actual organisational decision scenarios. The participants will have to secure the minimum pass marks in the respective evaluation components.
- There will be three components for the assessment of this programme and they are shown in the following table:
| Component | Percentage of Marks |
| Performance in the Simulation | 50% |
| Business Plan Project | 50% |
Attendance Criteria
- A minimum of 75% attendance is a prerequisite for the successful completion of the programme.
- Corporate nominations & retail applications with credentials. The final selection of participants will be solely done by IIM Kozhikode.
Course Certification
- Participants who successfully meet the evaluation criteria and satisfy the requisite attendance criteria, will be awarded a ‘Certificate of Completion’.
- Participants who are unable to clear the evaluation criteria but have the requisite attendance will be awarded a ‘Certificate of Participation’.
Sample Certificate
Disclaimer: All certificate images are for illustrative purposes only and may be subject to change at the discretion of IIM Kozhikode
Module 1: An Overview Of Entrepreneurship
1
1.1 : An Introduction To Entrepreneurship
2
1.2 : Psychological Aspects of Entrepreneurship
3
1.3 : The Theory Of Effectuation
Module 2: Deep Diving Into The Entrepreneurial Process
1
2.1 : Entrepreneurial Opportunity Recognition, Evaluation And Action
2
2.2 : Business Models And Business Model Innovation
3
2.3 : Creating a Business Plan
4
2.4 : Protecting Intellectual Property
5
2.5 : An Overview Of IIMK LIVE
Module 3: Accounting And Finance For Entrepreneurs
1
3.1 : Basic Financial Reports
2
3.2 : The Balance Sheet
3
3.3 : The Income Statement
4
3.4 : The Statement Of Cash Flows
5
3.5 : Measuring And Reporting Financial Position And Financial Performance
6
3.6 : Cash Flow Analysis
7
3.7 : Analysing And Interpreting Financial Statements
8
3.8 : Creating Projected Financial Statements
9
3.9 : An Overview Of Management Accounting
10
3.10 : Making Capital Investment Decisions
11
3.11 : Managing Working Capital
12
3.12 : Valuing An Existing Business
Module 4: Debt and Equity Financing
Module 5: Entrepreneurial Marketing
1
5.1 : Marketing Challenges Faced By Entrepreneurs
2
5.2 : Marketing Strategy for Entrepreneurs
3
5.3 : Digital And Social Media Marketing
Module 6: Choosing a form of Organisation/Buying and Existing Business/ Entrepreneurial Exit
1
6.1 : Choosing A Form Of Organisation
2
6.2 : Buying An Existing Business
3
6.3 : Entrepreneurial Exit Strategy
Module 7: Entrepreneurial Teams/ Entrepreneurial Growth/ Franchising/ Corporate Entrepreneurship
1
7.1 : Entrepreneurial Teams, Training And Gender
2
7.2 : Entrepreneurial Growth
3
7.3 : Franchising
4
7.4 : Corporate Entrepreneurship
Module 8: Social Entrepreneurship/Entrepreneurial Failure/ Other Aspects of Entrepreneurship
1
8.1 : Social Entrepreneurship
2
8.2 : Entrepreneurial Failure
3
8.3 : Other Aspects of Entrepreneurship
Module 9: Entrepreneurship Simulation
1
The whole batch will be divided into simulation teams and each team will run a company. The teams will compete against each other in the simulation, and they will make critical entrepreneurial decisions. This experience will enable them to understand the entrepreneurial process well.
Module 10: Business Plan Project Presentations
1
Each team is required to develop a business plan based on a business idea they have identified. During this session, the teams will present their business plans. The faculty members will provide feedback to the teams.
Entrepreneurship is the ability to develop and run one’s own business, however, when an established or an aspiring entrepreneur envisions, ideates, and turns a new idea into a profitable venture it is deemed as a new venture creation. Entrepreneurs ensure economic growth and business expansion through their new ventures. Any new business is essential for social and economic development as it will contribute to job creation and employment opportunities. Entrepreneurship & new venture creation courses enable participants to make their entrepreneurial aspirations come true.
Through IIM Kozhikode’s Professional Certificate Programme in Entrepreneurship and New Venture Creation, the participants can acquire an in-depth understanding of the theoretical and practical approaches to entrepreneurship. It is one of the best courses for entrepreneurship as there is a focus on the various stages of the entrepreneurial process for the benefit of the participants. This course is ideal for aspiring entrepreneurs who are keen on starting their own business ventures and those who wish to develop the requisite skill set to sustain their ventures in a competitive business environment.
Developing an entrepreneurial venture is not an easy task. There are several essential steps to be followed, and the first step is to define the core objectives of the business. The next step is to understand what values will define the business. Then create a product that works and search for the market where it can be sold. Building the right network of internal and external stakeholders is significant in developing an entrepreneurial venture. Determine the leading performance indicators, and don’t forget to include return on investment, customer retention, and the usual sales and profits.
Studying entrepreneurship courses will help individuals develop a sense of reasoning and ownership. It will also help participants in analysing and identifying their most appropriate business goals. The course will enable them to formulate comprehensive strategies required for meeting the set objectives. A course like the IIM Kozhikode’s Professional Certificate Programme in Entrepreneurship and New Venture Creation will ensure that the young and aspiring entrepreneurs are better informed and well equipped with the necessary skills and knowledge needed to create their own scaling businesses.
Yes, the program is internationally recognized and is highly respected in the business world.
Class Timings:
Saturday: 6:45 p.m. – 9:45 p.m. (3 hours per week)
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