This course is supported by OP Group Research Foundation

Time: August 26-30, 2024

Place: Otaniemi, Espoo, Aalto University School of Business

Instructor: Professor David Robinson (Fuqua School of Business, Duke University)

NFN Travel Grant: NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this this form (rtf), and send it to nfn (at)

Lectures: 20 h of lectures (20 x 45 minutes).

Monday 26.8.2024 TBA TBA
Tuesday 27.8.2024 TBA TBA
Wednesday 28.8.2024 TBA TBA
Thursday 29.8.2024 TBA TBA
Friday 30.8.2023 TBA TBA

Course objectives: This course is designed to provide a deep, fast-paced dive into the emerging field of entrepreneurial finance. We will cover both classic papers as well as new work. The ultimate objective of the course is to prepare advanced graduate students for research in this rapidly growing sector.

The course will approach the topic of entrepreneurship from two perspectives: labor and capital. On the labor side, we will explore the economics behind the decision to eschew standard wage-earning employment and instead "go out on one's own," either by starting a business that employees other people or merely working for oneself. On the capital side, because startups of all types often require lots of financial capital, we study venture capital, private equity and other forms of financing in greater detail.

Another way of thinking about the course structure is in terms of the supply and the demand for entrepreneurial capital. Who demands entrepreneurial capital except for the people starting new firms? We cover this side of the market in the first part of the course. Banks, venture capital organizations, and angel firms form the supply of entrepreneurial capital. Then we cover this side of the market in the second part of the course.

Grading:  The total points of this course are 100. In order to pass the course one needs at least 50% of points (i.e. 50 points). Further details of the grading will be added later.

Credit units: 6 ECTS cr.

List of Participants: TBA

Registration / Application

  • Doctoral students of GSF, FDPE and Helsinki GSE: Please register through this link.
  • Doctoral students in related fields and doctoral students at foreign universities: Application form can be found here: PDF file or Word file. Please, send in addition to your complete contact information, a report on the status of your doctoral studies, and a brief CV. Please ask also your thesis advisor to send us a short letter of recommendation by-email. All the required documents should be sent by e-mail to All students will be informed of their acceptance soon after the deadline.


The deadline for registering in this course is August 11, 2024