BEX5120 Startup fundamentals: From setting up to securing investment
Faculty of Business and Economics
BEX5120 Startup fundamentals: From setting up to securing investment is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites.
- Credit points
- 6
- Offered in 2023
- Semester 1, Semester 2
- Caulfield
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Overview
Entrepreneurship is shaped and governed by prevailing institutions including important aspects of the law. It is critical that when starting and growing a new venture, entrepreneurs are both aware of and compliant with local and global regulations. This unit will cover key legal requirements relevant to starting, structuring and operating a business. It is important that entrepreneurs are aware of and understand the importance of contracts; operating a digital business; company law including the advantages of a company structure, duties and roles of directors and shareholders; intellectual property including trademark, copyright, patent and trade secrets protection to protect innovation; the different ways to take on funding from investors; as well as unique legal issues in frontier technologies. The ethical and compliance aspects of all topics will be examined. The unit offers you a broad overview of relevant aspects of the law to ensure legislative requirements are complied with and, by doing so, risks to any potential business are mitigated. It will also enable founders to seek the right kind of legal advice at the right time for their business.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Flexible |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand and identify the basic intellectual property needs and requirements for a startup including, trademarks, copyright and inventions, as well as understanding how to protect intellectual property
- 2
have a sound overview of the various business structures available to entrepreneurs and the uses of different structures for different types of businesses
- 3
understand the legal obligations of business founders, directors and shareholders
- 4
understand the ethical aspects of the legal issues that are relevant to entrepreneurial activities and startups especially in frontier technologies like robotics, AI, cyber security and blockchain
- 5
understand and identify the fundamental contracts needed to start and grow a business, including founders agreements, client contracts, privacy considerations and online transactions
- 6
understand how to fund a startup including private investment, venture capital and government grants
- 7
understand the role of lawyers in starting a business and how an entrepreneur can maximise legal value from a lawyer.
Workload and teaching
- Workshops36 hours
- Teaching approachIndustry-based learning
This unit is a practical deep dive into the world of running a successful startup and taking investment. Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study.
Students are placed in ‘startup’ style teams and are treated like early stage startups, using real-world case studies. Each week students are asked to use their team case studies to apply the content and learning.
Throughout the semester, students also have the opportunity to interact with founders, investors and Australia’s best Startup Lawyers.
What does this mean for you? This unit has one 3-hour workshop scheduled every week, taught over an 11 week period, and comprises of the following key modules: Module 1: Legal Foundations - Company Setup and IP Module 2: Contracts, Customers and Data Module 3: Funding and Investment Module 4: Building a Team
Each session will build on the previous week’s work and on the activities expected of teams in between classes.
Outside of class, independent study includes podcasts, videos, readings, chatbots, assessment and preparation for scheduled activities. The adds up to, on average, three to four hours of scheduled activities per week. This includes teacher directed learning, peer directed learning and online engagement. It is expected that teams meet outside of each workshop to work through activities prescribed in between sessions. On average, this totals approximately 10-12 hours per week including the workshops outlined above.
This unit provides you with the opportunity to engage in industry-based learning to incorporate professional and industry experience into your studies.
Where it fits
BEX5120 is part of 1 area of study in the 2023 handbook.
Contacts
- Unit Coordinators
- Dr Gene Shill
- Chief Examiners
- Professor David Gilbert
Common questions
What are the prerequisites for BEX5120?
BEX5120 has no prerequisites.
When is BEX5120 offered?
In 2023, BEX5120 runs in Semester 1 and Semester 2 at Caulfield.
How much work is BEX5120?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BEX5120 have an exam?
No. BEX5120 has 1 assessment task and no exam.
Which majors and minors include BEX5120?
BEX5120 is part of Entrepreneurship.