MGMT 1301 Assignment

Hello

I'm a first year mgmt student. I am looking for some guidance on the "Mini Venture" assignment for Interdisciplinary Management I - MGMT 1301

Has anyone here done this assignment? I want to get started on it early, but I'm struggling to understand exactly what's expected and what the parameters are.

The profs haven't really gone over the assignment in detail, and honestly I would really appreciate if someone could give me some advice on this assignment and the following related assignments.