Study module develops fundamental understanding of a business development and start-up processes starting from the business idea to the completed product. Main task of the study module is to develop students’ competence in a new product development and technology transfer, to develop entrepreneurial thinking and to apply it in practice, simultaneously contributing to fostering overall creativity and planning skills, as well as the ability to present individual ideas of students. Educational process is focused on learning by doing and on integrative approach on building of theoretical knowledge.