INDIAN INSTITUTE OF MANAGEMENT KOZHIKODE
Executive Post Graduate Programme in Management
Course Outline
Course Code and Course Title XXX; Entrepreneurial Finance
Course type Compulsory/Elective
Pre-requisites (if any) NIL
Course Credit 2
Total no. of sessions 8
Session Duration 150 minutes
Term VII
Year and Batch 2nd year Batch 15
Sections (if any) one
Instructor(s) Prof. Pankaj Baag
Contact Details 2809121; 8943716269;
[email protected] Office Block A, Room No 21
Consultation Hours By prior appointment
Introduction
Entrepreneurial Finance is primarily designed for students who plan to get involved with a new
venture at some point in their career -- as a founder, early employee, advisor or investor.
However, the course is also appropriate for students interested in gaining a broader view of the
financing landscape for young firms, going beyond the basics of venture capital and angel
financing to look at venture debt, corporate venture capital and bank finance –debt and working
capital or receivables financing or inventory financing. The successful entrepreneur must know
how and where to obtain the financing necessity to launch and develop the venture. They must
also know how and when to interact with financial institutions and regulatory agencies to take
the venture to its potential and provide a return and liquidity.
Learning Outcomes/Course Objectives
At the end of the course, the participants would be able to
Course CLO Linked Degree of emphasis
Learning Programme given to the PLO in
Objective Level the course
(CLO) Objective Introduced /
No. (PLO) No. Emphasized /
Reinforced
CLO-1 To develop financial thinking, tools 1.1 Introduced
and techniques adapted to the realms of
entrepreneurship, applying venture
adaptations in the venture context by
understanding the theories, knowledge,
and financial tools needed to start,
build and harvest a successful venture
CLO-2 To apply the concepts to the life cycle 1.2 Introduced
approach from developmental stage to
startup stage, survival stage, rapid
growth stage to maturity stage
CLO-3 To analyze, integrate and apply 2.1 Introduced
concepts on raising debt financing and
working capital financing from bank
through practices with an insight into
the policies, practices, underlying
concepts, strategies, operation,
business, issues and challenges
involved in the working of the banking
system
CLO-4 To analyze, integrate and synthesize an 2.2 Introduced
opportunity worthy of financing; value
an opportunity; understand the
difference between the funder’s
perspectives and those of the company
being financed, appreciate the
difference between traditional vs
venture financing sources.
Textbooks and Learning Materials
Text Book(s)
1. Entrepreneurial Finance – Leach and Melicher (Cengage learning) latest edition
Reference Book(s)
1. Indian Financial System – M Y Khan
2. Financial Institutions and Market – Bhole LM
3. Commercial Bank Management- Dutta & Singh
Additional Reading(s)/ List of required cases and notes:
Harvard Business School
1. 298071- NSK Software Technologies Ltd.
2. 805090- Gobi Partners: October 2004
3. 801167- Return Logic, Inc. (A)
4. E218- Benchmark Europe: Bringing Silicon Valley Venture Capital to The Continent
5. E251A- Daksh (A): 1999 Business Plan
6. E251B- Daksh (B): 2002 Business Plan
In addition, electronic/hard copies of relevant reading materials will be distributed/ uploaded
as and when required.
Technology and Software (if any)
Excel templates will be provided as and when required
Other Resources (Journals, Internet Websites) (if any)
1. www.rbi.org.in
2. www.sebi.gov.in
Pedagogy Used/Learning Process
To discuss conceptual aspects through lecture method.
To impart analytical skills through assignments.
To provide an exposure to decision making based group project work
Event/scenario analysis
Evaluation Components/Assessment of Student Learning
Assessment Tool Weight Remarks PLO Tested
(Give the PLO
No)
individual/group 25% Students are expected to work in
written capstone case teams/individually for case
analysis/project analysis/assignment/project as it would
provide them opportunities to explore
diverse perspectives being applied in a
venture
End-term Exam 50% This component is are required to 2.2
check and evaluate the students’
understanding of concepts, application,
and impact of appropriate theories,
tools and techniques in a venture
Class discussion, 25% It facilitates students to demonstrate
participation, case the ability to integrate the information
analysis, and and the skills accumulated
assignments
Session Plan
Session Module Topic Chapter No. /
Reading material
/Cases
1 1 Overview of EF- Financing choices for Chapter 1, Case 1
start ups
2-3 2 Opportunity assessment and creation- Chapter 2, 3, 4, 5, 6, 7,
Tools, needs, plans, structures, sources of
11, 13, Case 5, 6
funding, decision horizons
4-5 3 Venture capital Funding- Chapter 9, 10, 12
Working, rounds, management vs founders, Case 3
business of funding, terms, diligence,
funding stages, lending
6 4 Growth & exit- Chapter 8, 14, 15, 16
Challenges of managing the funds for
Case 2, 4
growth, liquidity, IPO, strategic venture
funds
7 5 Financing from banks- Templates to be
Sources, WC, TL, live projects
provided
And discussing Capstone cases given in the
book as project
8 6 Discussing Capstone cases given in the Cases: Eco-Products,
book as project Coral-Systems,
Spatial-Technology
End term Examination
Additional Instructions (if any)
1. Project work will have to be done in the class in groups of two and carries mark. The
groups will be decided in the class. Any absenteeism during the duration of this project
will lead to no marks being given for that day.
2. Assignment will be on topics related to raising finance/case analysis
3. Assignment submission dates will be intimated in the class. Details regarding the
formation of groups will be shared in the class.
4. Students are expected to be above reproach in all scholastic activities and disciplinary
issues. Students who engage in scholastic dishonesty or indiscipline are subject to
disciplinary penalties.
5. Students are expected to be in the class on time. Late entry will not be permitted.
6. The instructor reserves all rights to fine-tune / modify the above-mentioned session plan
and the grading scheme as may be required.
7. The course outline is ambitious in nature and the extent of completion of the course
depends upon the progress made by the class.
