Course title

Financing entrepreneurial businesses

Code

CFM 523

Professor

Stojan Debarliev, Ph.D.

Associate Professor

Aleksandra Janeska – Iliev, Ph.D.

Assistant Professor

Course objectives (competences):

After completing the class, students should be able to:

·         identify the basic stages and elements of the entrepreneurial process and the importance of financing entrepreneurial businesses

·         understand the process of setting up an entrepreneurial business, forms of ownership and possible ways of financing the different forms of ownership

·         identify and categorize the various sources of financing entrepreneurial businesses

·         understand the alternative sources of venture capital funding

·         understand the additional creative sources of financing entrepreneurial businesses

·         link the stages of the life cycle of entrepreneurial businesses and appropriate forms of financing for each phase separately

Course content:

• The entrepreneurial process and financing
• Establishment of entrepreneurial businesses, forms of ownership and their financing
• Equity versus debt financing
• Traditional sources of equity financing
• Traditional sources of debt financing
• Alternative sources of venture capital funding
• Venture capital
• Business angels
• Other innovative sources of financing entrepreneurial businesses
• Accelerators
• Grant funding programs
• Crowdfunding financing
• Strategic partnerships
• Bootstrap funding
• Entrepreneurial business life cycle and forms of financing