exam

Question 1

entrepreneurial personality stack

Answer 1

1) Conceptual Ability
2) creativity
3) vision
4) can handle failures
5) calculated risk taking
6) constructive paranoia
7) innovative behaviour

Question 2

additional traits

Answer 2

1) fire in the belly

2) luck

Question 3

smb characteristics

Answer 3

1) < 250 employees
2) <43 M on balance sheet (50 revenue)
3) <25% of share controlled by another company

Question 4

innovative gap

Answer 4

between academic research and industrial application

Question 5

top 5 high income

Answer 5

1) CH
2) Swedden
3) USA
4) Netherlands
5) UK

Question 6

patent cooperation treaty

Answer 6

international patent law treaty provinding a unified procedure for filling patent application in/for each of its contracting states

Question 7

innovation

Answer 7

invetion+ diffusion

Question 8

successful venture

Answer 8

innovation+team+money

Question 9

business plan length

Answer 9

20 pages

Question 10

summary length

Answer 10

1-2 pages

Question 11

constitution of ventures

Answer 11

1) sole proprietorship
2) Gmbh, LLC
3) joint stock corporation

Question 12

avarage pivot to reach profitability

Answer 12

2.3

Question 13

keys for VC

Answer 13

1) passion
2) iterate,execute,learn, no overthink
3) be humble and avoid unnecessary risks
4) create corporate culture
5) manage cash flow

Question 14

tech startup

Answer 14

can create 7 times more jobs than a conventional one

Question 15

highest innovation level worldwide

Answer 15

1) ch
2) USA
3) sweden

Question 16

funding gap

Answer 16

angels and VCs

Question 17

smb all over the world

Answer 17

more than 99%

Question 18

creative distruction

Answer 18

transformation that leads to radical innovation

Question 19

government activities to promote startup

Answer 19

1) Policy
2) Fiscal/tax incentives
3) support and development programs
4) state-sponsored venture funds

Question 20

market attractiveness

Answer 20

market potential+ market growth+ competitive situation

Question 21

sales

Answer 21

only activity that generates income

Question 22

research to market

Answer 22

1) basic research
2) technology development
3) product development
4) market introduction

Question 23

Entrepreneurial ventures serve as

Answer 23

bridge between an invention and the marketplace

Question 24

Academic spin-offs are often

Answer 24

the only possibility for Technology Transfer when no licensor available

Question 25

Academic spin-offs are an especially efficient way of Technology Transfer

Answer 25

the inventor/researcher knowhow remains an integrated part of the venture.

Question 26

Start-ups are especially flexible since

Answer 26

they are free from legacies and company internal boundaries

Question 27

Strong social support for entrepreneurial ventures

Answer 27

Honorable ▪ Prestigious ▪ “Classless”

▪ Genderless

Question 28

entrepreneurial activity drives both

Answer 28

destructive and constructive results

Question 29

minimum viable product (MVP)

Answer 29

product with just enough features to satisfy early customers and provide feedback for future product development

Question 30

Lean start up

Answer 30

experimentation before budgeting and forecasting

Question 31

Business Plan

Answer 31

1) Identifies the commercial opportunity
2) defines business objectives
3) describes the strategic plan and detailed implementation steps
4) documents that the opportunity is in alignment with resources, people and context
5) proof that you have understood your markets, competition and how to monetize
6) sales, communication, planning and
measurement tool
7) set priorities and responsabilities