Entrepreneurship Education in the Faculty of Business
Driven by the digital economy and a rapidly changing business environment, future leaders must be creative and entrepreneurial to adapt to new developments, while embracing and overcoming the challenges that come with it. Entrepreneurship education is an educational activity that enables the students with innovative behavior, and providing opportunities in the business, socio-economic, cultural, and political areas. The form of entrepreneurship education can be personalized according to different background of students. Our Faculty creates the campus culture of entrepreneurship, the entrepreneurial concepts in various disciplines and establishes a major or minor in entrepreneurship programme, the contents include entrepreneurship spirit and theory, and systematic entrepreneurship courses.
Minor in Entrepreneurship
The Undergraduate Programmes Office of the Faculty of Business coordinates the offering of the Minor in Entrepreneurship. This Minor programme is open to BBA, BBA-RIM and non-BBA students. Students are required to complete five courses (15 credits) to fulfill the requirements of this Minor.
BUS4002 Entrepreneurship in Action and Practice (coded and titled as BUS4001 Entrepreneurship Capstone Project in 2021-22 or before)
CLA9019* Entrepreneurial Spirit and Opportunities
BBA and BBA-RIM students should take 3 credits from List A and 6 credits from List B. Non-BBA students should take 6 credits from List A and 3 credits from List B.
| BUS1103 || Financial Accounting |
| BUS2107 || Legal Aspects of Business |
| CLA9003* || Innovation in Practice |
| CLC9010* || Getting to Yes through Negotiation |
| CLD9014* || Spreadsheet-Based Decision Making |
| HRM3352 || Leadership and Teamwork |
| HRM4351 || Management of Innovation and Change |
| MKT3201 || Consumer Behaviour (titled as Buyer Behaviour in 2020-21 or before) |
| MKT3203 || Marketing Research |
| MKT3301 || e-Marketing |
| ADA3003 || Cultural and Creative Industries: Principles and Practices |
| CLA9005* || Economics of Culture and Creativity |
| CLA9013* || Self-improvement, Personal and Work Success |
| CLD9010* || Science and Everyday Life (not offered from 2020-21) |
| CLD9020* || Artificial Intelligence and Society |
| CLD9021* || Technology and the Future of Mankind |
| CUS3309 || Film, Gender and Sexuality |
| CUS3310 || Media, Culture, and Society |
| ECO3002 || The Economics of the Digital Economy |
| ECO3213 || China, Hong Kong, and the World Economy: the Greater Bay and beyond (titled as China, Hong Kong, and the World Economy in 2018-19 or before) |
| ECO4316 || Industrial Economics and Competition Policy |
| SOC3334 || Science, Technology and Society |
| SOC3336 || Digital Society (coded as SSC3003 in 2019-20 or before) |
Ling U* According to the Academic Regulations for Undergraduate Programmes, at most two cluster courses can be double counted to fulfill both the requirement of the Core Curriculum and the requirement of any Minor programme.
Business Proposal Framework
- The problem: A description of the problem or need your customers have and any relevant data that supports your claim.
- The solution: Your product or service and how it solves the problem.
- Business model: How you will make money, including the costs of production and selling, and the price that customers will pay.
- Target market: Who is your customer and how many of them are there. It’s best to define your ideal customer by starting with a broad audience and whittling down using the TAM, SAM, SOM model.
- Competitive advantage: What makes you different from the competition and how will this lead to greater success, customer loyalty, etc.
- Management team: The management structure of your business, including currently field roles, ideal candidates and any management gaps.
- Financial summary: Key financial metrics including profit and loss, cash flow, balance sheet, and your sales forecast. You can always share broader financial information if requested.
- Funding required: Have what funding you need front in center to clearly display what you need from investors.
How to Get Funding Support
- Get Venture Capital for Your Business: Venture capitals are professionally managed funds who invest in companies that have huge potential. They usually invest in a business against equity and exit when there is an IPO or an acquisition.
- Get Funding from Business Incubators & Accelerators: Early-stage businesses can consider Incubator and Accelerator programs as a funding option. Found in almost every major city, these programs assist hundreds of startup businesses every year.
- Raise Funds by Winning Contests: You need to make your project stand out in order to improve your success in these contests. You can either present your idea in person or pitch it through a business plan.
- Raise Money Through Bank Loans: The bank provides two kinds of financing for businesses. One is working capital loan, and other is funding. Working Capital loan is the loan required to run one complete cycle of revenue generating operations.
- Get Business Loans from Microfinance Providers: Microfinance is basically access of financial services to those who would not have access to conventional banking services. It is increasingly becoming popular for those whose requirements are limited and credit ratings not favoured by bank.
- Government Programs That Offer Startup Capital: If you comply with the eligibility criteria, Government grants as a funding option could be one of the best.
- HKSTP Incubation and acceleration programmes (https://www.hkstp.org/what-we-offer/incubation-and-acceleration-programmes/incubation/)
- British Chamber of Commerce Business Angel Programme (http://angel.britcham.com/ )
- Cyberport Micro Fund (CMF) (https://cyberport.hk/en/about_cyberport/cyberport_macro_fund )
- Hong Kong Business Angel Network (http://www.hkban.org/ )
- Hong Kong Social Enterprise Challenge (HKSEC) (http://hksec.hk/ )
- Kickstarter (https://www.kickstarter.com/ )
- Social Ventures Hong Kong (http://www.sv-hk.org/ )
- 創新工場 (http://www.chuangxin.com/ )
- Global Giving (http://www.globalgiving.org/ )
ContactsProf. Eric LAM
Director of Entrepreneurship Education