WHAT IS A VENTURE CREATION PROGRAM?

This is a venture creation program

At a venture creation program (VCP1), students are expected to start a real-life business venture as formal part of their studies. Common characteristics of these programs are that the students are expected to interact with real-life potential customers and partners, that they are expected to manage real-life resources such as money, products, sales materials and sometimes even staff. There are two different types of venture creation programs - mini-venture creation programs and full-venture creation programs. Mini-venture...

A venture as a key learning vessel

Entrepreneurship is very often a journey through the unknown, sometimes even exploring the currently unknowable.  Learning to act within uncertainty is challenging to simluate.  VCPs (venture creation programs) use the process of creating the venture as the key learning vessel in order to emerse the learners (students) in the unknown, the uncertainty of the entrepreneurial process.  Of course, to facilitate learning, students/learners are given support and guidance in various aspects of the venture creation:...

Intention to incorporate

Our definition of venture creation programs includes not just learning through the venture, but that the learners that are venture creating have the intention to incorporate.  This emphasis aims to address the identity constrution process that occurs while enacting entrepreneurship.  Learning through creating a new venture includes constructing a future self - the future identity of the entrepreneurial individual in the real venture.  This helps to integrate the individual and team's reasoning and learning...