NUVention -- Innovate for Impact II (KIEI-931-0)
This course counts toward the following majors: Social Enterprise, Entrepreneurship and Innovation, International Business
Innovate for Impact (I4I) bringing together diverse individuals and their unique skill sets, disciplines and cultures to design innovative market-based solutions to the world’s toughest problems, including poverty, disease and hunger. I4I consist of both curricular and laboratory components that teach user-centered design as an integral element of product and service development. The curriculum provide the tools and frameworks needed to understand the user, evaluate market demand, create and assess a prototype, design a business model, assemble a business plan and solicit funding. The full course requires completing a series of courses, SEEK 930 and SEEK 931A, and two weeks of in-country field work. Teams will spend ten weeks in the classroom (SEEK 930-0), followed by two weeks on the ground understanding their customer, market, distribution channels and stakeholders. Using the learnings from field work, teams will then return for five weeks in the classroom (SEEK 931A) where they will dive into the nuts-and-bolts of launching an impact venture. The course will conclude with an investor pitch day, where teams have the opportunity to pitch their business concepts to impact investors from the Midwest.
The classroom component of SEEK-931-A will include legal structures for social ventures, the impactions of financing on structure and strategy, how to measure social impact, communication of impact and value proposition to different stakeholders and how to scale your venture. The final deliverable, a business plan and pitch will also be due at the end of the term.
Note: This course is a continuation of SEEK-930-0 and is admittance by application only.
All Students: Negative PreRequisite: SEEK-931-0
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