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Cornell University    
 
    
 
  Feb 24, 2018
 
Courses of Study 2016-2017 [ARCHIVED CATALOG]

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BEE 4890 - Entrepreneurial Management for Engineers


     
Fall. 3 credits. Letter grades only.

Corequisite: students must enroll in ENGRC 4890 . Enrollment is limited to: junior standing or higher. Satisfies College of Engineering technical writing requirement. No one allowed to add course after second week.

M. B. Timmons.

Focuses on how to start a new company centered on engineering or biological technologies. The course covers entrepreneurship principles, fund raising, negotiation, financial calculations (internal rate of return, time value of money, proforma statements); legal structures of businesses; project management; technical writing and communication. Majority of work done in teams, including a complete business plan that is presented to angel investors. Business plans should represent an opportunity one member of the group is willing to pursue upon leaving Cornell. Intention is to make the team project as real-world as possible, meaning that the Phase I start up funds are <$100,000. The Wednesday lab is devoted to working on business plan components. The engineering economics coverage is in the context of entrepreneurship but covers all topics that are included in the Fundamentals of Engineering Exam (FE), which is the first step towards professional licensing. The overall goal of the course is to move the student towards being prepared to function in a professional work world.

Outcome 1: An ability to apply knowledge of mathematics, science, and engineering.

Outcome 2: An ability to function on multi-disciplinary teams.

Outcome 3: An understanding of professional and ethical responsibility.

Outcome 4: An ability to communicate effectively.



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