The course is included in these curricula and study modules


Extension studies

Teaching language


Type of course


Cycle/level of course


Recommended year of study


Total number of ECTS

5 cr

Competency aims

The aim of the course is to prepare you
- to get an introduction in being an
entrepreneur and to create an interest towards
- to establish and run a small innovative
- to fulfill your obligations towards yourself
and the State

Learning outcomes

At the end of the course you are expected to be
able to:
- know how to start a small company and to know
differences between different legal forms
- plan the whole business-process based on "The
Business Model Canvas" and formalize the idea´s
in a Business plan
-To manage the economy of a small company by
understanding the basics of accounting,
budgeting and business planning

Course contents

Legal forms of companies and risks involved
The Business Model Canvas
Business plan
Commercial vs. social entrepreneurship

Prerequisites and co-requisites

First-year studies performed satisfactorily (min.
50 cr).
This course takes 40 student, FE and IB students
have priority.

Additional information

This course takes 40 student, FE and IB students
have priority.
This course is a part of the Entrepreneurship
expansion module.
The courses Entrepreneurship 1,2,3 in periods
1, 2 and 3 must be taken and passed in this
order.The group project work of creating and
implementing a business idea is mandatory during
course 3.

There is an alternative track of participating
in courses 1 and 2 where you get some of your
assignments compensated by participating in
Demola-worklife oriented course outside Arcada.

At Demola you get the chance to work in a 2
month long co-creation project with great
project partners and solve real-life problems.
More information from External link

Here is a short description about Demola-
Participation in co-creation team work. Students
from different universities in Helsinki are to
develop a concept/demo for the purposes of
validating an actual need and solution based on
the initial/challenge set by a partner
company/organisation. Collaboration with other
teams, taking part in the facilitated Demola
process, and finally presenting the results in a
public event are required.

Please NOTE THE DATE - the deadline for
Application is 6th of September and to be able
to take this track you need to be accepted by
Demola to one of the projects.

This course takes 40 student, FE and IB students
have priority.

Recommended or required reading

- Business Model Generator - Alexander
- The Lean Startup - Eric Ries
- The Startup Owner's Manual - Steve Blank

Guide- Becoming an Entrepreneur in Finland,
Finnish Enterprise
Agencies, Suomen Uusyrityskeskukset
2017, External link

Karwowski W., Soares M.and Stanton N.(2011):
Human Factors and Ergonomics in Consumer Product
Design, Methods and Techniques, CRC Press,New
York, selected
chapters.ISBN 978-1-

Business Model Generation, External link

Lecture material and articles according to
lecturers instructions

Study activities

  • Lectures - 45 hours
  • Practical exercises - 30 hours
  • Small-group work - 20 hours
  • Individual studies - 40 hours


  • Total workload of the course: 135 hours
  • Of which autonomous studies: 135 hours
  • Of which scheduled studies: 0 hours

Mode of Delivery

Participation in tuition

Assessment methods

  • Exams (written-, oral-, home-)
  • Essays, reports, productions and portfolio

Assessment requirements

Fulfillment of course assignments in time and an
online distance examination of Uusyrityskeskus'
material 'Becoming an entrepreneur in Finland'.


  • Hernberg Mervi
  • Kietz Tove
  • Stenius Andreas


Hernberg Mervi

Group size

No limit

Assignments valid until

12 months after course has ended

The timetable of the course

see ARBS

Assessment methods

  • Date of examination will be announced later - Exams
  • Date will be announced later - Reports and productions

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