This course offers an intensive sixteen-week simulation of a hi-tech company start-up process and hence demands heavy self-motivated reading, research, and hands-on experience. Students are responsible for forming teams of four people, although the teacher may facilitate the process. Team members are better from different backgrounds or groups. Teamwork is essential for successful course completion. Each team could find a technical advisor, business advisor and mentor. Four hours of lecture each week will cover innovation and entrepreneurship, intellectual property, systematic business plan writing steps, value chain and business operation. Outside of class, students are expected to spend more time each week on reading, research, group discussions, and meetings with advisors and mentors. In the final week, a business plan presentation to invited venture capitalists will determine the final grade.