How does the option work?
You can pursue one of two tracks of the entrepreneurship option in engineering. Each track consists of required academic courses and an experiential component. Each track has different requirements based on their entrepreneurial focus; one track has an emphasis on venture creation while the other has an emphasis on corporate entrepreneurship.
How do I pursue the option?
To pursue the entrepreneurship option, you must enroll in the required courses during the course selection period and complete them. You are encouraged to meet with your undergraduate academic advisor and/or the option coordinator, Marc Hurwitz, who can provide advice and assist in the organization and selection of courses for the option.
How many courses do I need to take for the option?
You will need to take a total of 3.0 credits towards the entrepreneurship option. For the venture creation track, the credits are achieved through 6 courses worth 0.5 credits each. For the corporate entrepreneurship track, the credits are achieved through 7 courses, 5 of which are worth 0.5 credits and 2 of which are worth 0.25 credits.
While some courses required for the option are also required courses for your engineering degree, you will need to wait until you are able to select elective courses to enroll in some of the option courses. The earliest that an engineering student can begin taking courses towards the option is in their 1B term, and later for certain programs.
Which courses do I need to take for the option?
Courses you will need to take for the entrepreneurship option include an introductory course in entrepreneurship (BET 100: Essentials of Entrepreneurial Behaviour, or ECON 220/ARBUS 200: Principles of Entrepreneurship), one complimentary studies course from List B, and one technical course related to your entrepreneurial experience, as approved by option coordinator Marc Hurwitz.
The additional courses you need to take depends on which track of the entrepreneurship option you pursue. One track has an emphasis on venture creation while the other has an emphasis on corporate entrepreneurship. See specific requirements for each track of the entrepreneurship option.
I have already completed part of my engineering degree and have completed some of the courses/requirements for the option. What do I need to do to complete the option?
Consider which track of the entrepreneurship option (venture creation or corporate entrepreneurship) best fits what you have already completed and the space you have left in your schedule for your remaining electives and co-op terms.
You are encouraged to meet with your undergraduate academic advisor and/or the option coordinator, Marc Hurwitz, to ensure that you meet the requirements of the option. It is expected that components you have already completed will fulfil requirements of the option, even if they were completed before the option was announced.
Your technical elective must be approved by Marc Hurwitz for it to count towards the option.
How do I enroll in the ECON 220: Principles of Entrepreneurship course?
ECON 220: Principles of Entrepreneurship is a List C complimentary studies course that you can take towards the option. Usually, ECON 220 has two prerequisites: ECON 101 and 102. For students in the option, these pre-requisites may be waved by the course instructor through a course override.
There are only 30 spaces available in the ECON 220 course for students outside of the Faculty of Arts, so engineering students should plan as far in advance as possible if they wish to take this course.
What if I don't get into the ECON 220 course?
BET 100: Essentials of Entrepreneurial Behaviour satisfies the same requirement for the option as ECON 220. BET 100 is offered online, so it will not conflict with other courses in your schedule on an academic term, and you may be able to take it on a co-op term with permission from your academic advisor.
What grades do I need to pursue and complete the option?
For the option to appear as a designation on your transcript, you must achieve an average of 60% in your Option courses and a grade of at least 50% in each of the courses for your option.
How can I declare the option so that it is recognized as part of my degree?
You will need to meet with your undergraduate academic advisor and/or the option coordinator, Marc Hurwitz, to ensure that you meet the requirements of the option. You will also need to use a plan modification form to declare the option so that it is recognized by the Registrar’s Office as part of your degree.
When can I declare the option so that it is recognized as part of my degree?
You need to meet with option coordinator Marc Hurwitz before you select your technical elective, to ensure it is approved as part of your option.
You can declare the option at any point before you begin your capstone design project. You must declare it before you begin your capstone design project.
Will the option appear on my degree?
If you meet the requirements of the option and have declared it, the option will appear on your degree and you will have a designation of completion of the option recorded on your transcripts.
Read the blog about the entrepreneurship option in engineering by Doug Sparkes, creator of the option, and see how the option can fit into your academic schedule.