Diploma in Innovation and Entrepreneurship
The Diploma in Innovation and Entrepreneurship, often offered as a skill-enhancement or professional development program through the SUNY Potsdam-NEF collaboration, is a specialized course designed to equip individuals with the mindset, knowledge, and practical skills required to successfully launch and manage new ventures, or drive innovation within established organizations.
Core Modules
Unit I: Understanding Creativity and Innovation- Unit II: Foundations of Entrepreneurship
- Unit III: Developing the Business Idea
- Unit IV: Business Modeling and Planning
- Unit V: Prototyping and Product Development
- Unit VI: Marketing and Sales Strategy
- Unit VII: Funding and Finance
- Unit VIII: Managing Growth and Sustainability
Learning Outcomes
- Generate and Validate Ideas: Systematically identify a market need, generate innovative solutions, and test their viability through market research.
- Develop a Business Plan: Create a robust and comprehensive business plan, including financial, marketing, and operational components.
- Apply Core Concepts: Identify and apply the fundamental concepts of creativity, innovation, and entrepreneurial management in diverse contexts.
- Execute a Startup Launch: Prepare to take informed decisions for establishing a startup or driving ongoing innovation in an existing organization.
- Build a Prototype/MVP: Gain hands-on experience in developing a feasible prototype for a product or service.
- Articulate Strategy: Analyze and communicate strategic choices related to innovation, commercialization, and organizational growth.
Specialization
It focuses on transforming creative ideas into viable products, services, and sustainable business models. It typically leverages world-class online content (often from providers like SkillSoft) combined with the academic certification from SUNY Potsdam.
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More DetailsWhat can I become?
- Tech Entrepreneurship (FinTech, HealthTech, EduTech)
- Social Entrepreneurship
- Intrapreneurship (Innovation within a large corporation)
- Venture Capital/Angel Investing (Analysis and Due Diligence)
Why choose this course?
- Creative Thinking & Innovation: Understanding the process of creativity, invention, and how to systematically generate and evaluate innovative ideas.
- Entrepreneurial Perspective: Building the capacity to identify market gaps, solve problems, and recognize new business opportunities.
- Business Model Development: Gaining insight into creating, validating, and pivoting business models and developing comprehensive business plans.
- Startup Strategy & Scaling: Identifying tools and strategies for starting a new venture, managing early-stage growth, and scaling operations for long-term sustainability.
- Product Development: Understanding the journey from an initial idea to a market-ready product or service prototype.
- Teamwork and Networking: Developing skills in collaborative work, communication, and building social/professional networks crucial for an entrepreneurial ecosystem.
- Legal & Financial Aspects: Exposure to legal frameworks, financial planning, and organizational structures relevant to startups.
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