A real-life entrepreneurial project
The Entrepreneurial Journey is a team-based venture startup programme that you can take as an elective. It is a live entrepreneurial experience designed for you to learn how to introduce products and services to market. The journey is suitable for both those wanting to start their own venture or work as intrapreneurs from within an organisation.
You will take an idea for a new product or service, develop a value proposition, carry out customer discovery research, validate the product or service, and create a fully-fledged business proposition. At the end of your journey, you will pitch to a panel of investors, and compete for a monetary prize.
The module is highly practical and primarily organised around coaching sessions with entrepreneurship faculty and experts, helping you to progress your project over a period of six months. This project will allow you to apply your core MBA learning experiences to an innovation project that could actually become a real business at the end.
Ranked #5 in the world for entrepreneurship in the FT’s Global MBA rankings, Imperial is a compelling place for this project. Whether you are an aspiring entrepreneur or intrapreneur or want to find out whether the entrepreneurial life is for you, the Entrepreneurial Journey is a safe space to explore an actual business opportunity in a practical environment.
Collaborating for success
You will form a team with your MBA classmates. A key feature of the Entrepreneurial Journey is that in addition you can team up with tech students or post-docs from around the College, design students from the Royal College of Art or Imperial academic entrepreneurs via the Imperial Enterprise division. Operating as part of a self-selected, multi-disciplinary team, you can explore the commercial feasibility of ideas based on the latest developments in science, technology, medicine and design.
A great opportunity to practice your teamwork skills, this project will build on the complementary skillsets in your team and allow you to both deploy and develop your areas of expertise. There will be plenty of support available for your project, including “Pitch & mix” events (helping you to form as a team), a lean innovation workshop, idea surgeries, coaching sessions with your entrepreneurship professor, and a practice pitch event.
The Journey is provided by the Business School in close collaboration with the Imperial Enterprise Lab, Imperial’s entity established to support entrepreneurial projects by all of its students and early alumni.
Pitching to the experts
The project culminates with a live pitch of your business case to an expert panel of venture capitalists to compete for a monetary prize. By the end of this highly experiential journey, you will have explored the process of preparing a startup and will be able to exploit the power of design and innovation to transform ideas into a new product or service.
Imperial’s entrepreneurial ecosystem
You can take your start-up project to the next step by competing to participate in the Summer Accelerator, provided by the Imperial Enterprise Lab for Imperial College Business School students. This programme is designed to help you progress your venture, featuring mentorship and support by experienced entrepreneurs and sector experts. Following on from this, your venture may obtain support - even after your graduation - from the Imperial Venture Mentoring Service. Further, Imperial has an innovation fund that backs early startups from within the Imperial ecosystem. You may also want to explore the incubator on Imperial’s brand-new White City campus which is becoming our focal point for all innovation and entrepreneurship activities.