The project will combine the efforts of business and university educators across Europe with a potential beyond consortium members. The created new AI tool for assessment of business ideas will offer new opportunities for developing the practical application of entrepreneurial skills, especially it will enhance decision making in the relation of adoption of new ideas leading to innovations. The project intellectual output will be framed as an innovative module to be embedded in the existing curricula of higher education institutions including different corporate training programs.KABADA objectives are:• Development of entrepreneurial mind-set and skills in students and their teachers. A digital tool for assessment of business ideas will be developed as a prototype of AI and will be made with the approach that it can be introduced into entrepreneurial education in any discipline to provide students, researchers, staff and educators with the knowledge, skills and motivation to engage in entrepreneurial activities. KABADA aims are:• Develop new, innovative and multidisciplinary approach to teaching business/entrepreneurship, as the developed system will become a part of study courses• Facilitate the exchange, flow and co-creation of knowledge, as the system will be appropriate to be used in multiple educational sectors and will give an opportunity to use specific knowledge (e.g. engineering, physics, medicine) in new business ideas.The main output of project will be a digital tool for assessment of business ideas of new entrepreneurs developed through experimentation and prototyping. The tool will include text and data mining methods.Innovative approach lies in the fact that the tool will be AI prototype, digital tool for assessment of business ideas of new entrepreneurs is new and different from other tools (e.g. business simulation games) that it will not only evaluate the business idea but give first suggestions for the improvements and further steps.
Firstly, it aimed to develop a user-friendly business plan tool within the KABADA framework, integrating various aspects of business planning and leveraging AI technologies. Secondly, it sought to enhance entrepreneurship education by providing a digital tool that enables users to explore and understand different elements of business ideation and planning, including strategy, analysis, risk assessment, industry research, and financial projections.
Bridging academia and entrepreneurship, the KABADA project created an innovative business plan tool. Partners from academia, finance, and IT collaborated to develop the user-friendly KABADA framework. It combines research and practical application, enabling comprehensive business plan creation. With AI methods, it supports strategy, analysis, risk assessment, and financial forecasting. The project aims to empower students and professionals in their entrepreneurial journeys.
<< Background >> Bridging academia and entrepreneurship, the KABADA project created an innovative business plan tool. Partners from academia, finance, and IT collaborated to develop the user-friendly KABADA framework. It combines research and practical application, enabling comprehensive business plan creation. With AI methods, it supports strategy, analysis, risk assessment, and financial forecasting. The project aims to empower students and professionals in their entrepreneurial journeys. << Objectives >> Firstly, it aimed to develop a user-friendly business plan tool within the KABADA framework, integrating various aspects of business planning and leveraging AI technologies. Secondly, it sought to enhance entrepreneurship education by providing a digital tool that enables users to explore and understand different elements of business ideation and planning, including strategy, analysis, risk assessment, industry research, and financial projections. << Implementation >> The implementation of KABADA involved a collaborative approach, leveraging the expertise and resources of multiple partners. It encompassed various stages, including project planning, software development, quality assurance, and dissemination activities. The project team worked diligently to ensure execution of tasks, adherence to project timelines, and effective communication among partners. Activities included system design, iterative development, user testing. << Results >> The KABADA tool has provided a valuable resource for business plan creation and entrepreneurship education. Its unique features and AI methodologies have enhanced planning processes. The tool's adoption by academic partners and industry representatives has fostered deeper understanding and entrepreneurial skills. Integration into university curricula has expanded its reach. Positive feedback and interest from external organizations validate its potential and impact in the entrepreneurship field.