Two one-week courses, for one credit each, teach students about innovation and entrepreneurship. Students interested in competing in the Draper Business Plan Competition in April 2014 are highly encouraged to take these two classes in sequence.
IDP 155: Innovation and Entrepreneurship
The goal of this course is to equip students with the vocabulary, patterns of thinking, and communication skills needed to create and evaluate an innovative business idea, service, product or social innovation. Responsible entrepreneurs create sustainable, scalable solutions dedicated to making the world a better place and achieve this through the iterative process and innovation. This course will provide an exposure to the elements of innovation. For the purpose of this course, innovation is the process that begins with the conceptualization of an idea and is completed with the adoption of a product or service derived from that idea. Key elements of innovation include the needs of potential customers, the offerings and capabilities of direct and indirect competitors, supply and distribution channels, protection of intellectual property and business models.
1 credit (S/U only)
IDP 156 Introduction to Entrepreneurship
This is an intensive laboratory course building on the fundamentals students learned in the Innovation and Entrepreneurship class. Students will form teams and select world problems worthy of solving and be lead through exercises to create and test hypotheses on how a problem can be solved in a scalable, sustainable way. Teams will test their ideas through processes of customer development, market evaluation, cost-benefit analyses and be introduced to elements of finance by producing a final financial model for their proposed projects. This is a fast-paced, hands-on course designed to give students real world exposure to entrepreneurship and innovation.
Note: It is strongly recommended (but not required) that students take IDP 155 prior to taking this course.
1 credit (S/U only)