The Undergraduate Entrepreneurship & Innovation Minor is offered through a collaboration of the following colleges: Fisher College of Business, the College of Engineering, and the College of Arts and Sciences (Department of Design). Designed for capturing the economic value in creative ideas for commercially viable products and services, this educational program enhances a student’s understanding of and appreciation for entrepreneurship and innovation.

Content

  • View Full Minor Details
  • Curriculum Requirements

    Curriculum Requirements

    The revised minor is comprised of five courses, four of which are required courses and one of which in an elective.
     

    Required Core Courses

    BUSMHR 3510 – New Venture Creation
    Credits: 3; Prerequisites: None
    Develop the skills necessary for creating and evaluating new products and ventures, both as an entrepreneur and in an established business. Become proficient in the tools for designing and evaluating new ventures.

    DESIGN 2700 – Introduction to Design Practices (or equivalent)
    Credits: 3; Prerequisites: None
    This course will provide an overview of what designers do and how they think, work, and theorize their understanding of people and their needs and desires. It will also address how design thinking relates to and encourages innovative outlooks and practices. By looking at critical design theories and developments throughout modern history as well as key recent developments in approaches to contemporary design practices, the impact of social, economic, and technological factors on design expressions and solutions will be analyzed.

    MECHENG 5682.01 (engineering students)  or MECHENG 5682.02 (non engineering students) – Fundamentals of Product Design and Engineering
    Credits: 3 or 4, Prerequisites: None
    Examines the entire product development process, from the first stages of problem definition to the finished product rolling off of the factory floor with emphasis on why designs look the way they do, and why so few products are actually successful.

    Required Elective Course – Choose one of the following

    The minor requires students to successfully complete one of four elective courses. Successful completion of all three required core course is required before enrolling in an elective course.

    BUSADM 3531 – Entrepreneurship and Innovation: General, Startup-based Entrepreneurship
    Credits: 3; Prerequisites: successful completion of BUS MHR 3510 Entrepreneurship & Innovation: New Venture Creation; Design 2700 – Introduction to Design Practice; and MECHENG 5682.01 or MECHENG 5682.02– Fundamentals of Product Development & Engineering
    Explores the innovative transformation of knowledge captured through creative, person-centered design into conceptual, viable, commercial concepts in the area of general entrepreneurship, including but not limited to; for profit – based retail concepts, food service, service provider –base businesses and other “general” types of entrepreneurial startups.

    BUS-ADM 3532 – Entrepreneurship and Innovation: Corporate Entrepreneurship
    Credits: 3; Prerequisites: successful completion of BUS MHR 3510 Entrepreneurship & Innovation: New Venture Creation; Design 2700 – Introduction to Design Practice; and MECHENG 5682.01 or MECHENG 5682.02– Fundamentals of Product Development & Engineering
    Examines the theories (and their application) for developing new ideas and viable new businesses within an established firm. The course addresses the development of an internal culture of innovation, processes for reviewing ideas and developing concepts, strategic analysis, positioning for competitive advantage, forms of corporate ventures, and the qualities of corporate entrepreneurs.

    BUS-ADM 3533 – Technology Entrepreneurship
    Credits: 3; Prerequisites: successful completion of BUS MHR 3510 Entrepreneurship & Innovation: New Venture Creation; Design 2700 – Introduction to Design Practice; and MECHENG 5682.01 or MECHENG 5682.02 – Fundamentals of Product Development & EngineeringExplores the innovative transformation of knowledge captured in scientific discoveries into conceptual, viable, commercial products and services. Examine a variety of business models appropriate for commercializing those product/service conceptualizations.

    BUS-MHR 5530 – Value Creation in Social Entrepreneurship
    Credits: 3; Prerequisites: successful completion of BUS MHR 3510 Entrepreneurship & Innovation: New Venture Creation; Design 2700 – Introduction to Design Practice; and MECHENG 5682.01 or MECHENG 5682.02 – Fundamentals of Product Development & Engineering
    Examines the rapidly developing and changing business field in which business and nonprofit leaders design, grow, and lead mission-driven enterprises and the opportunities and challenges in this new landscape. 

    Required Practicum Course

    BUSADM 4510 - Entrepreneurship & Innovation Practicum
    Credits: 3; Prerequisites: BUSMHR 3510, DESIGN 2700,  MECHENG 5682.01 or MECHENG 5682.02, and one of the elective track courses.

     

  • General Questions

    How do I apply for the Entrepreneurship & Innovation Minor?

    There is no application process for the Entrepreneurship & Innovation Minor. You should inform your college advisor of your intentions to complete the minor.

    Who approves my Entrepreneurship & Innovation Minor?

    There is no formal approval process required by Fisher College of Business. As long as you have met the course requirements your college can approve your minor. An approved program form can be provided if your college requires it. You can obtain this from a FCOB undergraduate advisor. Call 292-2715 for an appointment.

    I am majoring/intending to major in business. Can I use minor courses for major requirements?

    No. Minor courses do not count toward any business requirement (other than free electives) or as prerequisites for further study in business.

    Can I use Entrepreneurship & Innovation Minor courses in my major?

    Generally, no, unless your college specifically permits it. Please contact your college advisor for information.

    Can I use Entrepreneurship & Innovation Minor courses in another minor?

    Each minor must contain at least 12 unique hours.

    What grade do I need to earn for a course to count in the minor?

    You must earn a C- or better for a course to be listed on the minor. You must earn a 2.00 cumulative point-hour ratio in your minor courses.

    Can I take a minor course pass/non-pass?

    No. Courses taken Pass/Non-Pass cannot count on the Entrepreneurship Minor.

  • Prerequisites

    What are the prerequisites for the Entrepreneurship & Innovation Minor?

    There are no prerequisites to begin the Entrepreneurship & Innovation Minor.  Successful completion of all three required core courses (BUSMRH 3510.01, DESIGN 2700 and ISE/MECHENG 5682 or MECHENG 5194) is required before selecting one elective course. Successful completion of one elective course is required before advancing to the required practicum course.

    Can I start taking minor courses before I complete the prerequisites?

    There are no prerequisites to begin taking the three required core courses for the Entrepreneurship & Innovation Minor; however, individual courses may have prerequisites, which are listed under Course Descriptions.

  • Substitutions

    Can I substitute a different business course for one of the required minor courses?

    Variations in the program are generally not permitted. Any variations must be requested in writing and approved by the Director of the Center for Entrepreneurship in Fisher College of Business.

  • Transfer Credit Applicability

    Can I apply transfer credit to fulfill minor courses?

    A maximum of 6 hours of transfer credit for equivalent courses may count towards the minor.