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MSc Innovation and Entrepreneurship (IAE)

New business success typically requires a rare combination of innovation, technical skills, and entrepreneurial know-how. We focus on these to increase the chances of success for your new product or service based businesses.
Designed for

IAE is designed for entrepreneurs, or graduates with entrepreneurial flair who are looking to establish their own business. It is designed for people who see opportunities all around them, and who want to achieve their dreams of creating a business that can harness those opportunities. It is an exciting programme that will give you the mind-set, tools and techniques to turn your ideas into a successful business.

Students join IAE from all academic disciplines, from engineering and business, through to creative arts and humanities. A good proportion of IAE students already have professional experience and are at the stage in their career where they want to launch their own company. Others come as recent graduates, typically from an entrepreneurial family, and are looking at expanding and innovating the family firm, developing new markets and product or service lines.

What will the course provide?

You will learn to apply best-practice approaches to designing, developing, and running your own innovation-driven, often globally orientated, business. It’s a practical course, covering the process from generating new business ideas, developing and refining ideas, and designing the infrastructure right through to launching the business. You’ll focus on how innovation can be exploited in technological and business contexts, to increase success for new product or services based businesses.

Course modules
Business Model Generation   Leadership
Establishing a New Business Financial Analysis and Control Systems
Management of Change Sales and Sales Management
Innovation  

If you gain exemption from some of the compulsory modules because of prior experience or qualifications, then you may choose more electives.

Elective modules

You will need to choose two elective modules from the module list*, which should be chosen to supplement your core modules above (subject to availability). *Important, please note: the list relates to modules available in 2017/18 academic year, and should be regarded as an illustrative guide to modules available in future years.

You are required to pass nine modules in total as part of this Master's course.

Project

The project is worth 50% of the final grade, and supports you in developing research and analytical skills. For the Entrepreneurship course the project is devoted to developing your business idea in a rigorous manner so that at course end you will be able to launch your business.

Work on your project runs concurrently with your module study. You will be able to choose project or suggest one of your own and a member of staff will guide you through the process of writing a dissertation. Examples of some projects are:

  • Mobile based concert organization and promotion in Nigeria
  • A reverse auction based wedding portal
  • An electronic marketplace for small businesses
  • Unijobs – a jobs portal for students
  • New household appliances
  • iPhone app
Learning Style

The taught component of the course is a mixture of traditional lectured material, syndicate/group work, large scale delivery, practical work, online learning and forum activities. Module leaders are experts in their fields and are supported by external speakers working in organisations at the forefront of their fields.

Industrial visits are available to all students and the course is assessed through assignments, not exams.

Each module usually lasts one week. There is more information here about the course structure.

After you graduate

Our graduates typically start their own business, and we’ve seen them become successful in a wide range of sectors including: food and drink, music, electrical manufacturing, digital education, oil and gas, outsourcing, consultancy, fashion, textiles, luxury goods and jewellery, logistics, and finance.

Being an entrepreneur is not just about making money, but creating value to help to improve people’s lives. Many of our graduates have developed social enterprises, such as housing projects in refugee camps, food distribution for the needy, digital applications for those with specific learning needs, and various community enterprise programmes.

The skills gained on this course are also extremely valuable for existing businesses, especially where there is interest in moving into new product or service areas. Other IAE graduates are now working for companies such as Vodafone, Samsung Electronics, Nielsen, Cisco, Austrian Airlines, ExxonMobil, Sony, Jaguar Land Rover, Johnson & Johnson, to name but a few.

Contact us

If you have questions about this course, you can contact the Admissions Office: wmgmasters@warwick.ac.uk, +44 (0)24 7652 3691

 Muge Erdem

"The first thing that struck me was how open minded the academic staff are. They encouraged us all to participate and not just sit in lectures taking notes. They also wanted us to be daring and take risks, think outside the box and try to imagine things that had never been thought of before – and to unleash our own creativity and inventiveness"

Muge Erdem
MSc Innovation and Entrepreneurship

Start Date:
1st October 2018

Duration:
One year, full time

Tuition Fees
Overseas: £24,640
Home/EU: £13,440

Application
Online £55 application fee

Entry Requirements
Bachelor 2:2 (Hons) or equivalent
IELTS 6.5 (or IELTS 6.0 + pre-sessional)

Application Deadline
31st July 2018

Request a Prospectus

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