1. MCAST Entrepreneurship Strategy Fostering Entrepreneurial Mindsets
Eric Flask
Director, Innovation & Entrepreneurship
October 2017

2. Outline MCAST Vision for Entrepreneurship
L6 Entrepreneurship Implementation
L6 Entrepreneurship Module
L6 Entrepreneurship Assessment
Workshop Schedule
Important Points
A hint of Success Stories

3. MCAST Vision for Entrepreneurship

4. MCAST Holistic Approach to Education
Multidisciplinarity Curriculum
Alignment of Curricula with Industry Needs
Work Based Learning Apprenticeships, Placements & Internships
Entrepreneurship
Fostering an
Entrepreneurial Mindset
Develop the Workforce Through Experience & Training

5. Entrepreneurship Definition
What is Entrepreneurship ?

6. Entrepreneurship
“an individual’s creative capacity, independently or within an organisation, to identify an opportunity and to pursue it in order to produce new value or economic success”.
“the mindset and process needed to create and develop economic activity (…) (…) an individual’s ability to turn ideas into action. It covers creativity, innovation and risk taking, and the ability to plan and manage projects in order to achieve objectives” European Commission
Source: Fostering entrepreneurial mindsets through education and learning”. COM(2006)

7. A 3-Tier Approach INFORM EXPERIENCE TRAIN & FORM ABOUT FOR THROUGH
Learning
ABOUT
Entrepreneurship
INFORM
Learning to understand entrepreneurship.
Knowledge about entrepreneurship as a concept.
Learning
FOR
Entrepreneurship
TRAIN & FORM
Learning to become entrepreneurial.
Entrepreneurial skills and competencies development.
Learning
THROUGH
Entrepreneurship
EXPERIENCE
Learning to become an entrepreneur.
Knowledge and entrepreneurial skills pertaining to business start-up and venture creation.

8. Vision for Entrepreneurship
Curriculum
Vision for Entrepreneurship
Foundation
Levels 1 – 3
Technical
Level 4
University
Levels 5 – 7
Awareness
Engagement
Understanding
Experiencing
Exposure
Enthusiasm
MCAST Entrepreneurship Centre Related Activities
awareness raising, mentoring, expert advise, networking, experience exchange, education & training
Inform , Educate & Captivate
Idea Generation
Idea & Concept Development with MEC
Business Proposal
Development
Business Proposal Evaluation & Shortlisting
Projects to ENGAGE Workshops Seminars
Acceptance
Start-Up Creation
Development of Detailed Business Plan & Business Development Roadmap
Product Development Prototyping & initial Production
Graduation / Exit Strategy

9. Implementation
Entrepreneurship as a Key Skill Unit across all Colleges.
Aligned, more focused, more practical and interactive approach to Units.
Cross Institute Groups at MQF Level 6.
Integration of Curriculum with MEC related Activities.
Focus on Entrepreneurial experience including failure.

10. Entrepreneurship Curriculum
Stage 3
University College
Level 6
Instilling a Spirit of Enterprise, Creativity and Innovation
Business Plan, Prototype & Sales Pitch
Cross Institute Teams
Taught Component
Workshops
Mentoring
Developing a Business Idea Business Proposal
Stage 2
Technical College
Level 4
Entrepreneurial Experience from Idea Generation and Validation to Business Proposal
Stage 1
Foundation College
Levels 1, 2 and 3
Personal Qualities and Values
Interpersonal Skills
Cognitive Skills
Practical Skills
Awareness Raising through Seminars and Workshops

11. The MCAST Entrepreneurship Centre (MEC)
Physical Location
Education & Training
Experiential Learning
Mentoring
Networking
Expert Advice
Experience Exchange
Equity Empowerment

12. Entrepreneurship Curriculum University College
The Business Canvas
Core Entrepreneurship Theory and Understanding
Basic understanding of the core theories.
Main delivery through Lectures
Formulation of a Business Plan Structure.
Creation of a Business Canvas.
The Business Design
Application of Business Tools and Business Enterprise Creation
Taking the business plan Structure up a notch.
Main Delivery through Workshops, Seminars and Talks
Formulation of a detailed business plan.
Basic cross-institute collaboration.
Design of a conceptual model of the proposed product / service.
The Business Implementation
Production and Costings of Working Prototype
Taking the business idea to a whole new practical level via support through the MCAST Entrepreneurship Centre (MEC).
Main Delivery through regular mentoring sessions.
Development of a full prototype.
Final financial analysis.
Delivery of a Sales Pitch.
Business Creation through the MEC.

13. L6 Entrepreneurship Module Components
Cross Institute Random Groups
Three Main Components
Taught Component
Workshops and Seminars
Mentoring
Four Main Deliverables
Mini Business Plan
Prototype
Sales Pitch
Reflective Journal
Note: Templates shall be distributed for guidance purposes

14. L6 Entrepreneurship Module Schedule
Understanding
Doing
Timeframe
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
1 Business Theory Building Blocks
20 Taught Hours
Viable Product/Service Targeted
Real Life Piloting/Prototyping
4 Doing / Implementation
Effective Team Setup
2 Informative Workshops
Expert Speakers
Key Themes
3 Mentoring Support
Assistance in Ideas
Assistance in Implementation

15. Entrepreneurship Assessment
Aim
Go through and experience the lifecycle of a product or service including prototyping to finally present it in a sales pitch.
Team Formation
Between 5 to 8 L6 Final Year students
Minimum of 3 different programmes / disciplines
Assessment
Group: Mini Business Plan, Prototype & Sales Pitch
Individual: Reflective Journal

16. Seminars / Workshops Schedule
Venue
IAS Auditorium - MCAST Main Campus, PAOLA
Time
Two Groups, between 12: :30 and 14: :15 Group details shall be communicated at a later stage
Num
Title of Workshop
Date 01
Introduction to Entrepreneurship at Level 6
18-Oct-17
Formation of Groups by
31-Oct-17 02
Idea Generation Process
15-Nov-17
Deadline for Idea Submission Form
31-Dec-17 03
Idea Validation Process
10-Jan-18 04
Marketing Strategy and Planning
21-Feb-18 05
Group Dynamics
21-Mar-18 06
Accounting for Entrepreneurs
11-Apr-18 07
Finance Equity
25-Apr-18 08
Sales Pitch
30-May-18
Note:
Schedule is subject to change with advanced notice

17. Conferences Schedule Num Title of Conference Date 09
Bridging the Gap: Student to Entrepreneur Students' House Hall
27-Oct-17 08: :00 10
MCAST Annual Conference on Entrepreneurship
26-Jan-18

18. Idea Submission Form Template
Group Details
Group Number and Name
Group Members including contact details
Group Representative
Business Idea Overview
Title of Proposed Idea
Tackled problem, Issue or Challenge
Key Elements of Business Idea
Target Market
Key Product/s or Service/s
Unique Selling Points

19. Logbook Template General Information
Student Details
Team Details
Section A – Meeting Minutes and Discussion (Endorsed by Mentor)
Task
Discussion
Way Forward
Deliverables
Date Due
Section B – Discussions and Reflections
Business Process
Team Decision
Personal Reflection
Section C – Final Comments & Reflections

20. Important Points Discuss and share ideas Tackle challenges early
Plan ahead for Deadlines & Meetings
Schedule meetings with Mentors in advance
Meet Regularly
Take Minutes
Enjoy and have fun

21. Thank You Eric Flask Director, Innovation & Entrepreneurship
Malta College of Arts, Science & Technology
Administration Building,
MCAST Main Campus
Corradino Hill,
Paola PLA 9032, MALTA
Mob:
Tel: