Netherlands, Amsterdam

Emerging Financing Models in a Dynamic World

when 30 June 2018 - 14 July 2018
language English
duration 2 weeks
credits 3 ECTS

Many of the jobs we will be doing in five years do not exist today. The world is changing rapidly and the world of finance has to change with it. In this joint course between VU Amsterdam and University of East Anglia you will study one week in The Netherlands (Amsterdam) and one week in the United Kingdom (Norwich and London). You get a unique perspective on the pros and cons of the Anglo-Saxon and Rhineland model and the cultural differences in both countries. Many financial innovations are created and regulated in the UK, after which they often get adopted by European countries. Grasp the principles of doing business in an international market context and learn how to develop a lean finance start-up.

New innovations will take place both within and beyond existing structures: fintechs such as crowdfunding, P2P lending, family lending, inclusive financing and impact investing will be refined and made more sustainable, while new opportunities such as blockchain will be developed. The European market where financial innovations are set up first is next to the Netherlands without doubt the UK.

On this course, you will deal with real-life cases and projects, honing your creativity, flexibility, professional insights and social skills in lean (start-up) projects and scrums that equip you to face the future of today’s gig economy. You will learn to innovate within a sustainable financial model or product, cooperating with financial experts in a business environment based on principles such as good finance, inclusive finance and international impact investment. Banks, insurance companies, pension funds and other traditional financial institutions will reap the rewards of your expertise on finance’s new frontier.

In the morning sessions, lecturers and guest speakers will share their expertise on emerging financing models and innovations. Such as fintechs, stacked financing and investments in startups and fast growing small and medium-sized enterprises (SMEs). In the afternoons, you will brainstorm on a financial innovation in a group. Together you work out a new financial product or service, and prepare a plan and funding request which you will present at the end of the first week.

On the second week of the course, based in Norwich, you will acquire the practical knowledge and skills to get to grips with financial planning in an entrepreneurial context. The focus will be on the financial questions that confront start-ups and SME ventures. What is a reasonable company valuation? How much capital should you raise at each stage? When should you raise it and from which source? How should you approach and manage various types of investors?

You will also build financial models in Microsoft Excel and prepare business presentations aimed at attracting external funding. Add this to the interactive lectures, practical workshops and encounters with the business community, investors and entrepreneurs and you are ready to step into a new world of finance.

Course leader

Frans Boumans (VU Amsterdam), Yifan Chen (UEA)

Target group

Students of business economics, business administration and comparable courses; business professionals from a wide range of sectors including consultancy, banking, NGO’s and all levels of government. Our courses are multi-disciplinary and therefore are open to students and professionals with a wide variety of backgrounds.

Course aim

•You grasp the principles and concepts of doing business in an international market context in various economic cycles.
•You can develop a lean start-up and arrange SME financing during the lifecycle of a firm.
•You can utilize forecasting and scenario techniques to define financing needs and structures.
•You can adopt various approaches to financial models and fintech innovations such as blockchains.
•You are able to work in cross-cultural teams, write a lean plan and present a financing request in a Dragons’ Den setting.

Credits info

3 ECTS
Contact Hours: 45
If you want to earn more credits you can take courses in our other sessions to create a 4 or 6 week programme.

Fee info

EUR 0: The tuition fee includes:
• Airport pick-up service
• Welcome goodie bag
• Orientation programme
• Course excursions
• On-site support
• Emergency assistance
• Transcript of records after completion of the course

An early bird discount of €150 is available for students who apply and pay before 15 March, and students from VU Amsterdam as well as from exchange partner universities will receive a €250 discount. You apply for the discount simply by indicating that you are currently a student at VU Amsterdam or at a partner university in the online application.

There are also discounts for students who attend multiple sessions, combine 2 courses and receive a €200 discount and combine 3 to receive a €300 discount. All courses include excursions. We will also organize trips and excursions as part of our social programme, which is a great way to get to know your fellow students and learn more about Amsterdam and the Netherlands. The social programme is not included in the tuition fee.

Furnished accommodation is available. Various housing options will be offered.

Scholarships

The VU Amsterdam Summer School offers ten scholarships that cover the full tuition and housing fees of one course. Information about how to apply for the scholarship will be posted on the VU Amsterdam Summer School website.

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