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BusinessFinance and Investment

Executive Certificate in Entrepreneurial Finance
行政人員證書<<創業融資>>

New Course
Course Code
EP073A
Study mode
Part-time
Start Date
To be advised
Duration
4 months
Language
English
Course Fee
Programme fee HK$16800.
For Next Intake information, please contact programme team at 25204612 or finedec@hkuspace.hku.hk

MBA-style case studies learning experience from Senior Financial Executives. Learn how a CFO thinks in decision making for entrepreneurial financing.

This programme aims to provide students with the knowledge and analytical skill sets for to make strategic financial decision for startup business or investment in new business. Topics include financial decision in entrepreneurship process, introduction of various capital sources available for new business, and knowledge of risk management in the setting up of business. The programme is delivered in MBA style – the teachers at CFO levels will guide you through HBR case studies so you learn how a real financial decision maker thinks in real situation.

  • This programme is taught by teachers at director level in listed company or private equity
  • MBA-style: teachers lead students through real cases studies prepared by HBR to learn the real practical knowledge
  • Adopt industry case study to enhance students' market knowledge
  • Suitable for working adults who are planning to start their own business or are involved in investing in new businesses

 

The six modules of the programme cover the most essential topics for corporate financing for new businesses, from financial analysis of financial data, to the understanding of the various forms of capital sources, to risk management and other challenges of the entrepreneurial process.

Designed to be a practical programme to learn from hands-on experiences.

Statement of Attendance will be issued witin 3 months after completion of the course for students who have achieved 70% of class attendance.
Executive Certificate in Entrepreneurial Finance
will be issued within three months after class for students who have completed with 70% of class attendance & pass one written assignment per programme.

Profile of teachers:

Mr. Frankie Chan is a Managing Director of L Catterton Asia, a retail & consumer-focused private equity firm sponsored by LVMH. He is responsible for the investments in North Asia market (HK, Taiwan, Japan and Korea). Prior to that, he served as Director in two other private equity funds - Crescent Point for China and Lone Star Asia-Pacific Ltd. for Taiwan, and a management consultant with McKinsey & Co. His experience includes corporate finance and strategy, mergers and acquisitions, equity and debt investments. He currently holds several board director and observer roles in listed companies in Taiwan, U.S. and Korea. He holds a Bachelor degree with a double major in economics and finance and a Master’s degree in finance with 1st class honor from the University of Auckland in New Zealand.

Ms. Tsang Wing Ka serves as Director of Finance and Accounting of Tao Heung Holdings Limited. Ms. Tsang is primarily responsible for Tao Heung Holdings overall finance, accounting and taxation functions. She joined Tao Heung Holdings in December 2002 as finance and accounting manager. Ms. Tsang has over 15 years of extensive experience in financial management. She holds a Bachelor’s degree in commerce (accounting) from Curtin University of Technology in Australia and is an associate member of the Hong Kong Institute of Certified Public Accountants. Ms. Tsang holds Master’s degree of Business Administration from Chinese University of Hong Kong.

Duration
  • 10 hours per module
  • 6 module(s)
  • 5 hours per session
Venue

1.  The Entrepreneurial Process and Financial Decision  創業過程與融資決策

The objective of this module is to introduce the importance of investment and financing decisions in entrepreneurial settings.  Students will be introduced to venture life cycle,  intrepretation of financial data to evaluate the feasibility of investment in new business, and to develop a viable business plan for sourcing capital for the new business.

Select HBR cases:
- Communicating Strategy to Financial Analysts
- Understanding Finance

2. Loans and Debt Financing   貸款與債務融資

The objective of this module is to introduce students to some key concepts of traditional debt financing.  Students will learn about traditional bank lending with asset-based lending and the cost of borrowing. Necessary techniques in evaluating future values and present values in cost of capital will also be covered. Other topics include bank loans, overdrafts, credit lines, purchase order financing, warehouse receipts, leasing, alternative debts and hybrid instruments. 

Select HBR cases:
- Non-Equity Financing for Entrepreneurial Ventures
- Management of Financial Policy Decisions- Capital Structure Policy

3. Angel Funds and Crowdfunding  天使基金和群組集資

The objective of this module is to provide an overview of angel funds and equity crowdfunding in financing strategies. Unique characteristics of these funds alongside the trends and current market practices will be discussed.

 

4. Venture Capital and Private Equity 創業投資與私募股權投資

The objective of this module is to provide an overview of local and global venture capital and private equity markets for start-ups in their financing strategies. Unique characteristics of deal structuring, valuation techniques, due diligence, post-investment management and term sheet will be discussed to evaluate the strategies and financing behaviour of entrepreneurs. 

Select HBR case:
- Six Myths About Venture Capitalists

5. Financial Contracting Issues 融資財務協議

The objective of this module is to analyse two major problems of information asymmetries between entrepreneurs and investors as well as the moral hazard problem in entrepreneurial financing.  Students will learn about different types of securities and how entrepreneurial financing arrangements are made to address these major problems.

 

6. Initial Public Offering  首次公開發股

This module aims to introduce students to the concept and practical knowledge of Initial Public Offering (IPO) and the on-going obligations of listed companies in the post IPO stage.  Course contents will cover the pre and post IPO stages, legal and compliance requirements for listing, pricing strategies, as well as documentary requirements.

Select HBR case:
- Pure Storage’s CEO on Choosing the Right Time for an IPO

Applicants shall hold:

a)    a bachelor’s degree awarded by a recognized University or equivalent; or

b)   an Associate Degree/ a Higher Diploma or equivalent, and have at least 2 years of work experience; or

c)    a recognized professional qualification.

Applicants with other qualification and substantial senior level work experience will be considered on individual merit

Application Fee

HK$150 (Non-refundable)

Course Fee
  • Programme fee HK$16800.

Application Form Download Application Form

Enrolment Method

Application Procedure
Applicant should submit the following:
1. Application form
2. Application fee HK$150 (non-refundable)
3. Copy of academic/ professional qualification
4. HKID copy
Admission is on a first-come, first-served basis. Enrolment will be confirmed once you have made the payment. You will receive a payment confirmation after payment has been made processed successfully. You are advised to keep your payment confirmation for future enquiries.


Upon successful admission into the programme, student is require to follow enrolment procedure:
1.    Enrolment form
2.    Enrolment fee


Late applications /enrolments are subject to program leader’s approval and possible late payment charges.

Payment Method

Payment can be made by Cheque (payable to HKU SPACE) or by Credit Credit (at Enrolment Counter)