| Unit name | New Creative Ventures |
|---|---|
| Unit code | INOV30006 |
| Credit points | 20 |
| Level of study | H/6 |
| Teaching block(s) |
Teaching Block 4 (weeks 1-24) |
| Unit director | Dr. Collins |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
None |
| Units you must take alongside this one (co-requisite units) |
None |
| Units you may not take alongside this one |
NA |
| School/department | Centre for Innovation |
| Faculty | Faculty of Arts |
Why is this unit important?
This unit provides the opportunity to imagine and create world changing ideas. By working together with students from other disciplines, you will develop ventures which build on your core disciplines in new and exciting ways. Selling your ideas is important too and through this unit you will learn to construct business plans and supporting materials that will help others to buy into your ideas.
How does this unit fit into your programme of study?
In the third year, Innovation students focus on putting their ideas into practice. This unit will develop knowledge of how to identify interdisciplinary opportunities and how to translate those concepts and ideas into attractive, feasible ventures.
An overview of content
On this unit students will work in interdisciplinary groups to identify creative opportunities. Students will be encouraged to use the logics of their respective disciplines to construct new ways of thinking and innovative ways to reframe and resolve problems. Ideas will be matured and developed to take into account operating considerations and the impact on the external environment.
Through practical application, students will learn how to develop and pitch successful and sustainable business models for boundary shifting and creative enterprises.
How will students, personally, be different as a result of the unit
This unit develops students’ understanding of the entrepreneur role and the steps that entrepreneurs undertake. Students will stretch their creative thinking and be encouraged to take conceptual risks.
Learning Outcomes
At the end of the unit, it is expected that students will be able to:
1. Evaluate different tools, in order to formulate a robust enterprise plan for interdisciplinary opportunities.
2. Appraise and construct business models appropriate an enterprise environment.
3. Reflect critically on their own entrepreneurial experience creating an enterprise.
4. Devise explanatory arguments to justify your ideas to a range of different audiences.
Students will learn through practical, group-based sessions and lectures. Creative prompts will be given to allow students to produce new ideas and students will be supported in the development of their new ventures through group tutorials and seminars.
Tasks which help you learn and prepare you for summative tasks (formative):
• Students will be given formative feedback on their ideas through practice presentations and pitches. Students will provide peer to peer views on each other’s ideas through “crit” sessions – commonly used in art and design schools and characterised by discussions led reviews where the opinions and comments are shared openly and constructively.
• Once ideas have been matured, students will deliver a pitch presentation to a panel who will deliver formative feedback.
Tasks which count towards your unit mark (summative):
• 2000-word group pitch deck (40%) [ILOs 1-4]
• A 3000-word Team Project - Venture Plan (60%) [ILOs 1-4]
• Students will submit a group pitch deck outlining their ideas and supporting business plans. Group work will be supported by Equity Share allocations and documents.
• A written, team-produced venture plan for a commercial or social venture at the start-up stage.
When assessment does not go to plan
• When required by the Board of Examiners, you will normally complete reassessments in the same formats as those outlined above. However, the Board reserves the right to modify the form or number of reassessments required. Details of reassessments are normally confirmed by the Centre shortly after the notification of your results at the end of the academic year.
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. INOV30006).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the Faculty workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
