In the new economic environment, graduates must be better prepared to take control of their own employment futures which increasingly must include the option of entrepreneurship and the creation and growth of one's own company. For those graduates with a technical or engineering background, the new technology based firm offers extremely large potential to create jobs and wealth. The course provides the final year student with a clear understanding of the venture creation process with particular emphasis on technology-based ventures. A range of skills are developed relating to R&D management, intellectual property, technology contracts, product development, marketing, financial management and business planning. As a result, it is expected that this course could be the first step for a number of its attendees to progress to active involvement in new technology based firms either in Australia or internationally.