As part of the Technology Venture Creation (TECH) track, our students are in the driver’s seat of an innovative techology based project and develop hands-on skills in business creation and entrepreneurial leadership. When we founded Chalmers School of Entrepreneurship back in 1997 it was with the intention to bridge the gap between university research and commercial reality – to create real value while obtaining an academic education. Today the Technology Venture Creation track is a vital part of the leading technology start-up environment in Sweden.
This track is a part of the master’s programme Entrepreneurship and Business Design. For information about the programme and how to apply, please visit the programme webpage.
The mission to develop entrepreneurs and advanced technology ventures is carried out in cooperation with idea partners from academic research and R&D departments at major firms. Together we work to transform promising ideas and research projects into thriving businesses. Through this reality-based approach, we educate entrepreneurial leaders fit for running start-ups as well as business development in established firms.
The key to this innovative value creation is the students and the teams they form during the education. By acquiring knowledge, tools and the competence needed to shape the future of technology ventures and projects, and being allowed to apply their creativity on real innovation projects, the students create real value for the project as well as develop their entrepreneurial ability through a true “learning-by-doing” pedagogy.
In addition to the academic education, the school’s close connection with experienced entrepreneurs and the entrepreneurial eco system forms a valuable network of support and advice for the students doing technology venturing.
Real Venture Creation
During the second semester of the program, TECHtrack students are divided into teams, which are then matched with researchers and innovators who have ideas with commercial potential. During the second year, , the students engage in the commercial development of the project, such as attracting funding, technology & product development, building team and the creation of IP. The real venture creation is combined with academic Master’s Thesis work. Taking care of daily business generates empirical data, which is then anchored with theory and verified through academic methods.
The venture projects our students work with are relevant in a variety of application areas. They create ventures within renewable energy, medical devices, artificial intelligence, and new materials, just to name a few.
Our students do not merely learn a topic or prepare for a career, but learn by acting, creating and reflecting. They are given the opportunity to assess innovative ideas, start companies, drive social entrepreneurship projects or work on entrepreneurial projects within large organizations.
A chance to be an owner of a start-up
Each year, 4-5 of the venture projects developed by the students within the Technology Venture Creation track are incorporated together with Chalmers Ventures – Chalmers incubator and seed-financier. This creates an opportunity for one or more of the students involved in the project to carry on as business developers within the newly formed company.
Each student involved in an innovation project that is successfully incorporated can gain an ownership stake. Students who continue to work operatively normally obtain an even larger share. Those students not ending up incorporating still have strong ties and networks into the venture creation ecosystem and its continuous flow of opportunities. And have usually obtained a Master of Science degree.
A majority of the students from the TECH track operate as entrepreneurial leaders and managers today. Around a third of the venture track alumni continue in new ventures, either founded as part of the education or later. TECH track alumni are keen on identifying and realizing new opportunities wherever they operate. Hence, the majority of alumni from this track pursue careers as business developers, projects managers, management consultants, investment managers and executives in leading corporations spanning over media, med-tech, telecom, IT and beyond.
In collaboration with Chalmers Ventures
is an incubator and seed-investor, fully owned by Chalmers. Since 2001, the close relationship between the school and an incubator has created a sophisticated mechanism to enhance both entrepreneurial learning as well as value creation coming from ventures. Chalmers Ventures engages in the TECH track by recruiting idea partners, , with promising spin-off ideas that need complementary entrepreneurial competence to move on. Student teams are then formed with idea partners around selected ideas, allowing learning as well as value to be created during the final year of the master’s program. Chalmers Ventures takes responsibility for incorporating the promising ventures together with idea partners, track students and other identified key persons. This can occur at any time during the final year of the education or after graduation.