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The new big growth area 

Entrepreneurship and the Start-up commmunity are the new big growth area in Germany in general and in Frankfurt in particular. The city of Frankfurt used to be known only as one of europe's key financial hubs, but in the last decade has seen rapid growth in a range of different industries with the start-up community at the forefront. 

Frankfurt School has found itself as a leader in this movement as more and more graduates launch start-ups or join more established entrepreneurial ventures. As a result, the entrepreneurial mindset and the necessary skills have become embedded in the education provided at all levels, from professional and executive education to the curriculum of Masters and MBA programmes to academic research in Fintech and Blockchain technology. 

Find out more about how you can become involved in Entrepreneurship@FS!

#FrankfurtLabs

A breeding ground for innovation

The Frankfurt Labs are for those ready to prepare for the future by acquiring key competencies and master new technologies.

The Labs were created to establish an ecosystem of innovation in the Rhein-Main area and is based on lean start-up principles and concepts from software development. 

Room for ideas at the new campus

Room for ideas at the new campus

Room for ideas at the new campus

Room for ideas at the new campus

On our new campus we provide space and a creative meeting point for people of different backgrounds, knowledge and strengths: students, alumni, executives, managers, freelancers, and members of the local tech community. This creates a breeding ground for innovation and a platform for exchange and joint venture.

In workshops we provide tools that will be essential in the future. In addition, participants have access to our network of partners which include well-known technology companies and educational institutions. We want to accommodate the start-ups of tomorrow from day one by equipping them from the start with valuable tools.

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Entrepreneurship for Bachelors

Entrepreneurship Project 

During the summer semester 2017 Bachelor students of Frankfurt School of Finance & Management could participate in the new course “Entrepreneurship Project” to foster their entrepreneurial spirit. Professor Dr Florian Ellsaesser, Dr Werner Jackstädt Assistant Professor of International Entrepreneurship at Frankfurt School, who has already founded several enterprises, supervises the project.

Students, who are in the second semester of the Bachelor of Science in Business Administration at Frankfurt School, come up with a business model based on the Lean Startup Methodology within the six week course. The goal is not a complex business plan but an idea which is cost-efficient and easy to generate in practice. 

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Hence, the students developed a prototype and tried to sell it to potential customers. The teams, consisting of four to five students, learned what the market needs and which ideas can actually be implemented. As investment capital each team received 100 euros from Frankfurt School.

Before the students started with their own projects, Professor Dr Florian Ellsaesser explained the most important methods for the systematic implementation and testing of business ideas. He is pleased about the students’ huge motivation: “The students’ spirit was impressive. Every single team was capable of transforming an idea into a new product within six weeks and to sell it.”

During the process the versed founders Carsten Lebtig (Test.io, Sanubi) and Florens Knorr (Acao, Pando Ventures) helped the students. They shared their own experiences of developing successful business ideas. Also, the entrepreneurs supported the students in giving in-depth feedback.

Digital Innovation & Fintech

Since winter semester 2016/17, the Frankfurt School offers a new specialization "Digital Innovation and Fintech" within the Bachelor degree in Business Administration.

Students will complete the core curriculum of the Bachelor of Business Administration, as well as twelve modules of the course: Introduction to Programming, Digital Entrepreneurship, Information Systems Engineering, Databases and Data Management, Business Law, Web Architecture and Management, App Development, Information Management, Analytics and Big Data, New Technologies, Digital Business and IT Security. The twelfth module is a practice project.

A further four modules in the 6th and 7th semesters will be selected by the students from a pool of related electives (there are currently about 45 modules on offer). The Bachelor thesis is written in the 7th semester and students spend their fifth semester abroad.

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Entrepreneurship for MBAs

Capstone Course: Entrepreneurial Management

Courses in entrepreneurship and entrepreneurial management have gained popularity in business schools everywhere, but it is not clear just what should be taught and how. In contrast to accounting, for example, entrepreneurship lacks a defined technical base or discipline.

Moreover, individuals and organizations ranging from street vendors to transnational corporations all espouse entrepreneurial activity, which suggests that the topic should permeate all of business education. What can the focus of a special course on innovation and entrepreneurship possibly be?

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Historically, some MBA and EMBA students have had an innate desire to run their own businesses, but many of those who didn't often turned to entrepreneurship after they confronted the realities of a pyramidal corporate world.

Further, it is widely recognized that even the future leaders of large business corporations must have an entrepreneurial mindset, in order to create the growth engines that will provide sustainable growth opportunities to their organizations.

This course will provide an overview of innovation and entrepreneurship that will help entrepreneurs in independent start-ups as well as large corporations pursue new business opportunities.

The Entrepreneurial Business Plan (Full-time MBA)

An EBP is a comprehensive business plan for the establishment and start-up phase of a new enterprise/initiative, according to a set format, developed by one to three MBA students.

At FS, it constitutes one of three possible options within the MBA programmes' master thesis.

The Ethics & Entrepreneurship module (Executive MBA)

During this module, course participants explore the ethical conditions under which businesses must operate and their corresponding room for manoeuvre. Based on the social structures and expectations of all stakeholders involved, the module examines how entrepreneurial decisions are made and how companies position themselves with respect to, for example, corporate social responsibility.

Also, the course is intended to provide students with an introduction to entrepreneurship. To achieve this, the course will be based on lectures and readings that illustrate the development of an idea from opportunity recognition through start up to the stage when outside money is needed. 

Blockchain Center

The Frankfurt School Blockchain Center is a think tank and research center which investigates implications of the blockchain technology for companies and their business models. Besides the development of prototypes, it serves as a platform for manager, start-ups, technology and industry experts to share knowledge and best practices. The Blockchain Center also provides new research impulses and develops trainings for students and executives. It focuses on banking, mobility, “Industrie 4.0” and the energy sector.

CREAM

The Centre for Research on Entrepreneurship and Mittelstand (CREAM) deals with the secrets to success for German SMEs and their application to global companies. The Frankfurt School aims to create a platform on which all actors, both nationally and internationally, find solutions for their success. Young researchers, start-up funding, training and application-oriented research are all closely related.

Entrepreneurial mindset and skills

Skills in entrepreneurial thinking are assumed by specialists and executives in almost all corporate areas and represent an important competitive factor. Only with current business management and economic knowledge are you in a position to make the right business decisions when faced with multifaceted day-to-day issues.

Our training courses and series of seminars give you the necessary business and economic knowledge, technical terms and economic contexts with a practical orientation.

Frankfurter Gründerfonds

Frankfurter Gründerfonds emerged from an initiative going back to 2008 by various players in Frankfurt who recognised the fact that the financing of start-ups without a company history is a gap in the widely diversified funding jungle.

Over the past five or six years, the landscape for microfinancing and small loans in Germany has changed. It was recognised that instruments of microfinancing can be appropriate to counter market failure and to push forward business start-ups with low capital requirements.

The Frankfurter Gründerfonds supports company founders and young companies based in Frankfurt am Main which have not been on the market for more than five years with a loan requirement of between EUR 2,500 and EUR 50,000. Frankfurt School Financial Services GmbH (FSFS) supports and examines business concepts for their market prospects in several contacts (by telephone and in person), passes on recommendations for guarantees to Bürgschaftsbank Hessen, and conducts quarterly business checks with founders and young companies during the term of the loan.