Business Modelling program
We support start-ups and founders in comprehensibly developing their business models.
Program information
- Audience
- Founders, business developers, entrepreneurs
- Application
- December - March
- Duration
- Approx. 3 months
- Start
- April/May
- Cost
- NO COSTS
- Format*
- Project with student teams
- Type of exam & ECTS points
- Not relevant
About
a. What is the program about?
The LMU Innovation & Entrepreneurship Center (LMU IEC) supports you in developing and innovating your business model together with motivated and first-class trained business student teams. Your start-up will be analyzed for all aspects of the business model, e.g. value proposition, customer segments or revenue streams but also impact. Members of the LMU Munich School of Management will intensively support and coach the student teams so that they develop concrete and innovative recommendations for your business contributing to your business success.
The Business Modelling program is a cooperative project between the Institute for Innovation Management (IIM), the Institute of Human Resource Education & Management (IWP) and the LMU IEC.
b. Benefits for the participants
What does the program offer you as a founder in detail?
- New ideas for your start-up project or the already existing company
- Elaboration of recommendations for the concrete implementation of the start-up project
- Validation of your business assumptions and benchmarking of the business model
- Detailed development of the business model elements (e.g., market analysis, pricing, net present value)
- Access to current knowledge in start-up management
- Development and expansion of your personal network
Your business idea is legally protected by a declaration of confidentiality and a prohibition of exploitation for all parties involved (Faculty of Business Administration and students).
c. Program goals
The program follows two main goals. First, founders will critically reflect their business model and have the opportunity to enhance and sharpen the key content. Second, founders get access to two teams (8 students) that will work with guidance from experienced staff from the LMU Munich School of Management on their business model. They will provide innovative content and confirm or correct existing assumptions.
Application
a. Requirements
Please fill out the application form to apply as a founder (see link below). We look forward to receiving your application!
In order for your business idea to be included in the Business Modelling program, you as the founder as well as your business idea should meet following requirements:
Register your start-up via the online application
Feasibility of your idea has been validated
Ensure willingness to support student teams (active information sharing, face-to-face meetings, intensive communication)
Please note that the student teams will develop a business model according to the requirements of the LMU Munich School of Management and the final pitch and business model report will be documented in English
b. Application process
See above