New Venture Creation and Development


Course Objective

After having finished this specialization course successfully, the
student has a clear overview of the most relevant academic literature in
the field of new venture creation and further development of new
ventures along the lifecycle of the firm, with a focus on the role of
the entrepreneur. After having finished this course successfully, the
student has also gained experience in applying the involved academic
literature to solving practical situations and has gained experience in
the formulation of practical recommendations on the basis of academic
research. This is all in the context of new venture creation and further
development of new ventures along the lifecycle of the firm.

Course Content

The creation of new ventures and the further development of established
ventures is of greatest interest for economic and societal development,
especially (but not exclusively) for employment creation and the
production of (sustainable) innovations. This interest does not only
apply to small business start-ups but it also applies to new ventures
and spin-offs from large corporates, from (semi-)public institutions and
from universities.
This specialization course ‘New Venture Creation and Development’
focuses (but not exclusively) on the role of the entrepreneur during the
grwoth stage of the firm (and even before this stage: the start-up stage
and the nascent stage). The
entrepreneur in this context is predominantly the (small) business owner
but attention is also paid to employees who are responsible for the
launch and development of new ventures from their employing
organizations. The ‘firm lifecycle model’ plays a pivotal role in this
specialization course: this is the model in which the firm develops
through a number of different stages. The entrepreneur and the firm are
not dealt with in isolation (only) in this specialization course, but
are dealt with within the context of the entrepreneurial ecosystem as
This specialization course is built on two connected pillars: (i) the
study of academic literature; and (ii) the practical application of
academic literature. The academic literature has to be studied for the
exam. This academic literature may also be helpful for the NVCD Case,
but other academic literature should be studied for that purpose as
well. This connects to the lecturers in this course: both academicians
and practitioners.

Teaching Methods

Lectures and consultancies.

Method of Assessment

Written individual exam (60%)
Individual essay (5%)
Group assignment (35%)
Small assignments (0%)
No compensation. All three must be sufficient (> 5.5)

Group assignment and essay can be resubmitted (but: grade cap at 6). No
grade cap applies to resit of the exam.

Entry Requirements

A valid registration in the MSc Entrepreneurship.


To be announced on Canvas.

Additional Information

This course is only available for students registered for the Master's
programme in Entrepreneurship. For quality reasons, the course cannot
admit other students. This course is organised by the VU. For more
information, please go to
guide/msc-entrepreneurship/programme/index.asp → URL.

General Information

Course Code E_ENT_NVCD
Credits 6 EC
Period P2
Course Level 400
Language of Tuition English
Faculty School of Business and Economics
Course Coordinator prof. dr. E. Masurel
Examiner prof. dr. E. Masurel
Teaching Staff

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture, Study Group
Target audiences

This course is also available as: