The aim of the subject is to prepare participants to be able to, once structured the first draft business plan that goes around an innovative business idea, to asses the size of the financial needs of the company and view the different possible sources of funding for this hypothetical new company in addition to being able to discern the advantages and disadvantages of each of them and decide finally what the optimal financial structure of the new company might be.
From this point of view topics such as leverage vs. Solvency, classic bank financing, funding balance between short and long term, public or private aids, limits on the capital injection by the entrepreneurial team, venture capital and private equity: operation and warnings, other sources of funding, etc., will be dealt with.
Person in charge
Fernando Barrabes Naval (
Ferran Sabate Garriga (
Joaquim Deulofeu Aymar (
Marcos Eguiguren Huerta (
Technical Competences of each Specialization
Direcció i gestió
CDG3 - Capability to manage research, development and innovation projects in companies and technology centers, guaranteeing the safety of people and assets, the final quality of products and their homologation.
Generic Technical Competences
CG8 - Capability to apply the acquired knowledge and to solve problems in new or unfamiliar environments inside broad and multidisciplinary contexts, being able to integrate this knowledge.
CG10 - Capacity to apply economics, human resources and projects management principles, as well as legislation, regulation and standardization of Informatics.
Entrepreneurship and innovation
CTR1 - Capacity for knowing and understanding a business organization and the science that rules its activity, capability to understand the labour rules and the relationships between planning, industrial and commercial strategies, quality and profit. Capacity for developping creativity, entrepreneurship and innovation trend.
Training the students to build a P&L forecast and a forecasted treasury plan for an emerging company
Understanting and being able to apply the different instruments to finance the company, both debt instruments or private equity and venture capital sources
Revising the initial balance sheet and building the forecasted balance sheet for year one
Treasury plan, Identifying long and short term financial needs
Conventional long and short term financial instruments
Private equity: founders, fools, friends & family, venture capital. Their limitations. Cautions to be taken and how they work.
Presenting the plan to possible simulated investors
Revising the initial balance sheet and building the forecasted balance sheet for year 1
Laboratory: Building their own forecasted balance sheet around provisional business plan figures
Building an excel file with the business plan data to feed with them the lab session
Autonomous learning: Reading the Oriol Amat book at bibliography
Going ahead with your business plan
Conventional financial instruments, short and long term. Private equity: founders, friends, fools & family, venture capital, their limits, cautions and operational suggestions
Laboratory: Preparing the initial proposal for investors to be defended at the final presentation and defining the financial structure of their company based on the business plan data
Work on writing the final presentation
Autonomous learning: Keeping on reading the Oriol Amat book mentioned at the bibliography and study for the final presentation
During the lectures, classes will be complemented, depending on the subject, with previous examples of development that enable students to gain practical ideas for the work to be done in the project sessions.
In some cases, theory lectures will include short lectures of entrepreneurs or managers to provide real guidance on how he / she solved problems in specific topics such as the assessment of venture capital bids.
Regarding project sessions, they will focus on enabling students to build a whole financial plan including a solution for the financial structure of the company and its defense in front of possible investors.
The evaluation is based on student presentations and the defense of a financial plan and its detailed structure of financing to a jury composed of members of the academic faculty and - optionally - for other members of the university or other high level professionals that will take the role of professional investors.
Throughout the course there are two evaluative milestones:
- The presentation of the business plan with its proposal for investors
- The analysis of the financial plan.
The presentation simulates a professional environment. Consequently, the following aspects will also be evaluated: formal dress, well-structured communication, etc.
To be able to publicly defend the financial plan, students must have attended 70% of classes and the teams must have delivered on time all planned activities. The plan is the result of teamwork, which will be reflected in the rating given to the group as a whole.