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Entrepreneurship and Innovation (ENTI)


New Ventures

Cluster Contact

Jamey Darnell
Assistant Director, Intercollege Minor in Entrepreneurship and Innovation (ENTI)
Director, New Ventures Cluster
417 Business Building
814-863-0740
jad961@psu.edu

About the New Ventures Cluster

Total number of credits in this cluster: 9 or 10

The New Ventures Cluster is designed to help students develop the skills and ways of thinking required to create, develop, innovate and manage entrepreneurial ventures. Students learn about acquiring and balancing limited resources, changing venture direction quickly, building an entrepreneurial team, managing intellectual property, and creating new opportunities and markets. This cluster develops a wide range of managerial skills not usually demanded in one person within a larger organization, such as:

  • Acquiring and balancing limited resources
  • Changing direction quickly
  • Building a coherent team
  • Managing intellectual property
  • Creating new markets

The number of credits in this cluster depend on the selection of courses in the area of business law; see list of courses below.

Students who complete this cluster develop skills and knowledge in 14 areas:

  • Opportunity recognition
  • New product development
  • Innovative thinking
  • Tolerance for ambiguity
  • Resource acquisition
  • Entrepreneurs and ethical leadership
  • Entrepreneurial management
  • Entrepreneurial finance
  • Effective teamwork
  • Entrepreneurial marketing
  • Entrepreneurial and innovation strategy
  • Technology commercialization
  • Intellectual property management
  • Business law

Preferred Sequence of Courses for the New Ventures Cluster

9 or 10 credit New Ventures Cluster
Core Courses Credits Semester
MGMT/ENTR 215: Entrepreneurial Mindset 3 1-4
ENGR/ENTR 310: Entrepreneurial Leadership 3 3-6
Choose 9 or 10 credits from the list of cluster courses. 9-10  
MGMT/ENTR 425: New Venture Creation 3 4-8

 

Students interested in the ENTI-New Ventures cluster should seek advising from the New Ventures cluster director early in your academic career to plan a feasible program of coursework. Some courses in this cluster have pre-requisites and/or may not be offered every semester.

To meet the prerequisite requirement for MGMT/IST/ENGR 425, you must take one of the following:

  • ECON 102 Introductory Microeconomic Analysis and Policy
  • ECON 104 Introductory Macroeconomic Analysis and Policy
  • Both ECON 014 Principles of Economics and CAS 100 Effective Speech

New Ventures Course Options

In addition to taking the three required ENTI core courses (215, 310, and 425), students must take three cluster specific courses from this list:

In addition to the above list, the BA 241/BA 242 course pairing and three law-related courses are options for the New Ventures cluster. Students may only take one of the following courses to count towards the three required for this specific cluster: