FEMA Executive MBA students taking Entrepreneurship elective with Dr Massa complete feasibility project for start-up business concepts and pitch ideas
MaltaShaveClub.com kick-starts crowdfunding campaign
Final year Executive MBA students taking the Entrepreneurship and Innovation elective with Dr Nathaniel Massa at the Faculty of Economics, Management and Accountancy, have recently completed their Feasibility Analysis project pertaining to an identified start-up business idea or intrapreneurial concept.
This semester-long, team based applied business start-up project formed an integral part of the elective, entailing a full feasibility report and a presentation pitch including working prototypes and live demos – under the guidance of Dr Massa. The international class forming this year’s cohort, which included students from Britain, Canada, Finland and Hungary, engaged in extensive research, in various instances conducting surveys, focus groups and leveraging contacts and networks, including technical expertise – in order to assess product, market, organisational and financial feasibility, as well as a competitor analysis, for their business start-up concepts.
Through the course of the semester, start-up project teams also had the opportunity to stress-test and present their early-stage ideas to a panel of seasoned professionals active in the entrepreneurship scene hailing from areas associated with mentoring, foresight and creativity, knowledge management and IP, crowdfunding, and business consulting – at a Global Entrepreneurship Week event – part of a broader international network spanning 170 countries powered by the Kauffman Foundation, locally hosted by the Edward Debono Institute at the University of Malta.
The MBA cohort’s business start-up concepts ranged across a spread of convenience-oriented and health related services, tech-based solutions and specialist consulting, as well as products and retail ideas.
“The University of Malta MBA program has helped us think critically and outside of the box … and Zaar.com.mt is a great local crowdfunding partner that will help us launch our product. After months of research, work, and testing, we are very excited to finally launch MaltaShaveClub.com and we need your support to do so.†Joonas Karhu & Stan Filin – MaltaShaveClub.com founders
Following this feasibility analysis project, several of the MBA students will now be looking into the prospects of taking their idea further. One of these is MaltaShaveClub.com currently kick-starting their start-up with a crowdfunding campaign in collaboration with . In this regard, Dr Massa and the Faculty augur and wish the students and MBA cohort well on their initiatives.
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Participants on FEMA’s Executive MBA programme are mostly professionals engaged in industry and various sectors, generally in management and executive positions. Their exposure and diverse experiential knowledge contributes to the applied learning environment fostered by FEMA and its multi-faceted team of expert and engaged practicing faculty on this part-time evening Masters programme.
The programme is tailored for practicing professionals, managers, executives and others aspiring to stretch their competencies and extend their skill-sets, strategic foresight, execution and leadership capability. Beyond prospecting higher positions of responsibility within corporate environments, the FEMA MBA offers participants an equally sound foundation and critical insight towards effectively running one’s own business in increasingly competitive, globalised contexts.
For any enquiries on the Executive MBA programme at the Faculty of Economics, and Accountancy at the University of Malta, kindly contact Ms Evelyn Chetcuti on 2340 2702 or evelyn.chetcuti@um.edu.mt.
