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Unit of study_
SIEN2001: Validating Ideas and Building Ventures
2025 unit information
To be a successful innovator or entrepreneur, it is necessary to have knowledge of several fundamental business and organizing processes, along with related skills. In this unit, students learn how to turn creative ideas into viable business opportunities that seed new start-ups or drive innovation within existing enterprises. Students participate in a realistic simulation to create and validate ideas and develop them into sustainable business models addressing real-world commercial and social problems. Experiential learning that draws on a range of contemporary innovation concepts and practices is emphasised, providing students with opportunities to incubate, validate and pitch their ideas for concrete business and social ventures. To facilitate this entrepreneurial process, students work creatively and collaboratively, bringing together skills acquired across other disciplines of study.
Unit details and rules
Managing faculty or University school:
Business (Business School)
| Study level | Undergraduate |
|---|---|
| Academic unit | Strategy, Innovation and Entrepreneurship |
| Credit points | 6 |
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Prerequisites:
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SIEN1000 and SIEN1001 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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IBUS2104 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. Identify trends and opportunities in the social, technological and market/business landscapes, including understanding users and formulating new venture ideas that have not been explored before
- LO2. Construct a market analysis and assess feasibility of a new venture, and design a new business model
- LO3. Discuss what an empathic understanding of users and stakeholder is and apply it to their problem in order to identify new value propositions that satisfy user and stakeholder needs and wants in an ethical and responsible manner
- LO4. Discuss and apply cognitive strategies that define the mindset of innovators and entrepreneurs
- LO5. Demonstrate proactivity in talking with potential users and stakeholders to understand their needs and then testing your proposed solution
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
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Semester 1 2024
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Normal day | Camperdown/Darlington, Sydney | |
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Semester 2 2024
|
Normal day | Camperdown/Darlington, Sydney |
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
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Semester 1 2025
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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Semester 2 2025
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
|
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
