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Open Challenge

Finance for Entrepreneurs

3-week online program
2.5 credits
Remote
Remote
€100 one time fee

How to build the financial foundation to grow your startup successfully? Learn the necessary financial knowledge as an entrepreneur and intrapreneur to ensure financial success. Your Challenge Owner, Christian Rebernik, is the Founder of ToU and former CTO of N26. He will educate you during an intensive 3-week program on the ‘language’ of finance — helping you to read and interpret financial information and to make informed operational decisions to maximize the financial success of your business venture.

duration
3-week online program
study module
Remote
Application deadline
20th of November
Program fee
€100 one time fee
€300 €100 one time fee
ects
2.5 credits
KfW is one of the world’s leading promotional banks that has been committed to improving economic, social, and environmental living conditions across the globe on behalf of the Federal Republic of Germany since 1948.

KfW is actively involved in the issues that will shape the world of tomorrow. They promote wind farms, infrastructure projects, schools, and hospitals because meaningful and sustainable projects are part of their mission. As a bank, they are committed to responsibility. KfW supports people, countries, and institutions who think ahead and are motivated to take action, driving our society toward the future. This profile is what clearly sets KfW apart from other commercial banks.

Open Challenges

Finance for Entrepreneurs

How to build the financial foundation to grow your startup successfully? Learn the necessary financial knowledge as an entrepreneur and intrapreneur to ensure financial success. Your Challenge Owner, Christian Rebernik, is the Founder of ToU and former CTO of N26. He will educate you during an intensive 3-week program on the ‘language’ of finance — helping you to read and interpret financial information and to make informed operational decisions to maximize the financial success of your business venture.

Deadline to apply:
20th of November
Remote
3-week online program
€100 one time fee
deposit/refundable
2.5 credits
ECTS
Apply now

How You'll Learn

Our mission is to help you navigate the fast-changing world by building the skillset and mindset to make a sustainable impact on the future. That’s why we offer cutting-edge, intensive, and practice-based Open Challenges, delivered 100% online by Subject Matter Experts. Our certificates give you the resources to upskill, boost your career prospects, and unlock your full potential. The certificates are stackable, meaning that you can use the credits earned towards one of our degree programs.

Learn by doing
Experience real "learning by doing" in an international environment
Network and community
Engage your network and new global community to speed up your impact and get noticed
Guidance
Receive guidance from industry leaders and mentors who are already thriving in successful careers
Remote-first
Grow your network with peers from around the world in a remote-first setting

What You'll Learn

Are you ready to achieve financial success with distinguished outcomes? By the end of the program, you'll have created a financial model, and with that, you will be able to identify how much capital funding you need to be successful. Christian will empower you to make better investment and financing decisions during this practice-based challenge.

Milestone
1
:
Create assumptions

To be successful, you need to first understand the key elements are to being successful. This includes the chances as well as the risks. A great starting point for this is the business model canvas. In this milestone, you will define your hypothesis of success.

Milestone
2
:
Develop your financial model

Based on the assumptions you have made in milestone 1, you will now need to create a financial model, which reflects a forecast of your business over a certain time period.

Milestone
3
:
Optimizing the business

Now you have a first understanding of how your business will develop and you are able to understand the impact of the different assumptions. How can we now increase our confidence in making assumptions and decision-making? Every time we have a proof point, the risk of failing is minimized.

Milestone
4
:
Raise money to make your project a reality

In this milestone, you will learn to identify relevant investors and learn how to approach and contact them.

Milestone
5
:
Get ready to present at the challenge discussion

Learn to pitch your financial model, hypothesis, and validation methods to investors.

Milestone
6
:
Challenge discussion

You will learn about the different perspectives on fundraising. To start, you will present your financial model, hypothesis, and validation methods. Next, you will listen to the other students, and take the role of an investor. Finally, you'll be asked to critically think. Are you convinced by their pitch? What questions do you have for them?

Milestone
7
:
Video pitch

As a final preparation for your business model, you will create a video pitch of your project, presenting the essence of your financial model, and a go-to-market roadmap including the key steps you would/will take on this journey.

Who is This Program For

Open Challenge participants come from a variety of different professional and experiential backgrounds. The common thread is that they all want to make a sustainable impact and further their professional development.

Outcomes
Learn how to create successful financial models
Master the art of financial storytelling
Get prepared to raise your next funding round
Build a network of financial leaders and mentors

Open Challenges in a Nutshell

3-week online program
€100 one time fee
10–15h weekly workload
2.5 credits
ECTS
(transferable to the PM SET)
Limited cohort of 25 change makers
Weekly challenge discussion
Starts on:
Chec back soon
Slack community
Certificate

Upon successfully completing the challenge, you'll receive a digital certificate that can be shared with your personal and professional networks.

Program starts

Chec back soon

Keep these dates in mind.

Application deadline (limited seats)
until
20th of November
Confirmation of participation
until
27th of November
Challenge starts
on
December 5, 2022

"The true product of an entrepreneur is not the solution, but a working business model. The real job of an entrepreneur is to systematically de-risk that business model over time."

Ash Maurya

Founder & CEO

Meet Your Challenge Owner

Christian Rebernik

Challenge Owner

Christian Rebernik is a serial entrepreneur and finance expert. He is currently the Co-Founder and CEO of ToU and has also founded several other successful startups where he helped them navigate the financial world and scale profitable businesses. He is the Ex-Founder and CEO of Vivy, a personal health record, and helped build N26 Bank as Managing Director. He was CTO at Parship and created award-winning apps like ShareTheMeal for the UN World Food Program. Christian helped Awin to become a global affiliate network. He is a Venture Partner at Founderslane, Advisor to the GreenTech Alliance, and a member of the board of advisors to Sprk Global and Tomorrow Bank. He supports startups as a mentor and angel investor.

Your ToU Journey
Starts Here

Thank you for your interest in our program. You'll find the link to the brochure with additional information on the following page.

Frequently Asked Questions