| Title | Inspiring entrepreneurship in the classroom using a prediction market approach |
|---|---|
| Faculty/College/Unit | Sauder School of Business |
| Status | Completed |
| Duration | 2 Year |
| Initiation | 04/01/2014 |
| Completion | 03/31/2017 |
| Project Summary | Fostering entrepreneurship is a major UBC initiative expressed in the slogan “Inspiring entrepreneurial thinking to innovative ventures”. We contribute to this initiative by developing a prediction market software platform for evaluating and forecasting the success of students’ entrepreneurial start-up ideas. This pedagogical tool develops critical thinking, analytical decision making, and skills through experiential learning. Student learning is enhanced through their participation as (1) start-up founders, (2) corporate development officers and (3) investors. Students trade “shares” of entrepreneurial projects in an online fully customizable ‘”stock market”. The project also provides accompanying teaching materials for instructors and an information website with results and historical data. |
| Funding Details | |
| Year 1: Project Year | Year 1 |
| Year 1: Funding Year | 2014/2015 |
| Year 1: Project Type | Small TLEF |
| Year 1: Principal Investigator | John Ries |
| Year 1: Funded Amount | 22,900 |
| Year 1: Team Members | John Ries, Professor, Strategy and Business Economics Division, Sauder School of Business |
| Year 2: Project Year | Year 2 |
| Year 2: Funding Year | 2016/2017 |
| Year 2: Project Type | Small TLEF |
| Year 2: Principal Investigator | John Ries |
| Year 2: Funded Amount | 8,500 |
| Year 2: Team Members | John Ries, Professor, Strategy and Business Economics Division, Sauder School of Business |
| Year 2: TLEF Showcase |  |
| Project Report | 2016-Ries-Final-WEB.pdf |