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SME creation facilitation process at Universities

Nilsson, Carl-Henric LU ; Johnsson, Charlotta LU ; Jin, Jun; Yang, Qinmin and Luo, Shijian (2012) 2012 West Lake International Conference on SMB In [Host publication title missing]
Abstract
Much research on SMEs is aimed at researching SMEs after the fact that they have become SMEs. However all SMEs as well as larger companies start as an idea in the head or heads of one or many persons - the prospective entrepreneurs. The purpose of this paper is to investigate how SMEs can be created by transforming ideas into real companies. More specifically we will investigate if and how Universities can facilitate this process by running international cross-functional courses.

Our hypothesis is that in order to create a SME three topics are of pivotal importance:

• Specialist Competence in the business area

• General management competence

• Financial capital

During the fall of 2012 we will... (More)
Much research on SMEs is aimed at researching SMEs after the fact that they have become SMEs. However all SMEs as well as larger companies start as an idea in the head or heads of one or many persons - the prospective entrepreneurs. The purpose of this paper is to investigate how SMEs can be created by transforming ideas into real companies. More specifically we will investigate if and how Universities can facilitate this process by running international cross-functional courses.

Our hypothesis is that in order to create a SME three topics are of pivotal importance:

• Specialist Competence in the business area

• General management competence

• Financial capital

During the fall of 2012 we will test the hypothesis by running a university course called international Marked Driven Engineering (iMDE) in cooperation between Lund University and Zhejiang University. Technology faculties from both Universities are involved – students as well as teachers. Their participation is crucial to cover specialist competence in the business area – technology-based enterprises. Management faculties from both Universities are involved – students as well as teachers. Their participation is crucial to cover general management competence in setting up, funding and running an enterprise. When it comes to financial capital our hypothesis is that for clever business ideas, financial capital can be raised in order to industrialize such a business idea.

In the first trial run 8 business ideas will be generated and tested in the Hangzhou area during the period 120910-121019. Each of the 8 teams will consist of 8 persons – blended to cross-fertilize engineering-business, Chinese-Swedish and male-female participants. With the support of university teachers with the same blend the aim is to create embryos of SME’s. (Less)
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author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Entrepreneur, Entrepreneurship, Innovation, Business plan, Prototype, Technology Management, Lund University, Zhejiang University.
categories
Higher Education
in
[Host publication title missing]
pages
7 pages
publisher
West Lake International Conference on Small and Medium Businesses
conference name
2012 West Lake International Conference on SMB
language
English
LU publication?
yes
id
a25f5268-8b74-40c3-b902-d3e8b3ecf54f (old id 3409873)
date added to LUP
2013-01-25 08:57:02
date last changed
2016-08-13 16:29:57
@misc{a25f5268-8b74-40c3-b902-d3e8b3ecf54f,
  abstract     = {Much research on SMEs is aimed at researching SMEs after the fact that they have become SMEs. However all SMEs as well as larger companies start as an idea in the head or heads of one or many persons - the prospective entrepreneurs. The purpose of this paper is to investigate how SMEs can be created by transforming ideas into real companies. More specifically we will investigate if and how Universities can facilitate this process by running international cross-functional courses.<br/><br>
Our hypothesis is that in order to create a SME three topics are of pivotal importance:<br/><br>
• Specialist Competence in the business area<br/><br>
• General management competence<br/><br>
• Financial capital<br/><br>
During the fall of 2012 we will test the hypothesis by running a university course called international Marked Driven Engineering (iMDE) in cooperation between Lund University and Zhejiang University. Technology faculties from both Universities are involved – students as well as teachers. Their participation is crucial to cover specialist competence in the business area – technology-based enterprises. Management faculties from both Universities are involved – students as well as teachers. Their participation is crucial to cover general management competence in setting up, funding and running an enterprise. When it comes to financial capital our hypothesis is that for clever business ideas, financial capital can be raised in order to industrialize such a business idea.<br/><br>
In the first trial run 8 business ideas will be generated and tested in the Hangzhou area during the period 120910-121019. Each of the 8 teams will consist of 8 persons – blended to cross-fertilize engineering-business, Chinese-Swedish and male-female participants. With the support of university teachers with the same blend the aim is to create embryos of SME’s.},
  author       = {Nilsson, Carl-Henric and Johnsson, Charlotta and Jin, Jun and Yang, Qinmin and Luo, Shijian},
  keyword      = {Entrepreneur,Entrepreneurship,Innovation,Business plan,Prototype,Technology Management,Lund University,Zhejiang University.},
  language     = {eng},
  pages        = {7},
  publisher    = {ARRAY(0x8c20208)},
  series       = {[Host publication title missing]},
  title        = {SME creation facilitation process at Universities},
  year         = {2012},
}