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.

Required Courses (6 credits)
BUS4002             Entrepreneurship in Action and Practice (coded and titled as BUS4001 Entrepreneurship Capstone Project in 2021-22 or before)
CLA9019*            Entrepreneurial Spirit and Opportunities

Elective Courses (9 credits)
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)

• 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.

Useful Links

• 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/ )

Contacts

Prof. Eric LAM
Director of Entrepreneurship Education

Office: SEK102/3
Tel: 26168332
Email: ericlam@ln.edu.hk