Why this course?
According to Wired magazine, some of the most dynamic and exciting career opportunities can currently be found in the startup and small business sectors. An increasing number of graduates are choosing to work for innovative entrepreneurial ventures rather than pursue more traditional graduate jobs. The Strathclyde MSc in Entrepreneurship, Innovation & Technology places graduates ahead of the curve when it comes to possessing the skills and knowledge required to make an impact in this fast-moving and rapidly evolving jobs market.
Delivered over a 12-month period, the MSc Entrepreneurship, Innovation & Technology is a highly practical, career focused programme that addresses the global demand for talented entrepreneurs and those working for entrepreneurial ventures.
The ethos of the course is that rigorous cutting-edge theoretical knowledge must be combined with a special focus on developing the practical skills required to engage successfully in entrepreneurial activity. As a student on the course, you'll be embedded in one of Europe’s leading technological universities and will have deep engagement with a dynamic innovation ecosystem.
Through a unique virtual incubation programme, in conjunction with the University of Waterloo in Canada, you'll gain direct exposure to Canada’s world-leading Technology Triangle.
What you’ll study
The programme involves a mix of theory and practical tool-based modules alongside a unique set of innovative ‘lab’ sessions that focus on developing specialist hard and soft skills.
The degree is split into three sections that are reflective of a real-world startup scenario:
- Ideation: In semester one, you'll focus on creativity, opportunity recognition and data analysis skills
- Road Testing: In semester two, attention will turn to establishing a new venture and ensuring the market viability of a prototype product/service
- Commercialisation: In the final semester, you'll work on a detailed innovative project in collaboration with Waterloo University, Canada, to simulate bringing a product to market
The MSc Entrepreneurship, Innovation & Technology degree contains a unique 60 credit hands-on project that is run in partnership with the University of Waterloo. During this project, you'll work on an innovation challenge and will apply the tools and techniques you've practiced over the previous year. Using Waterloo’s Virtual Incubation Platform, you'll pitch to experienced venture capitalists and other potential investors in the UK and Canadian ecosystems.
You'll be expected to participate in national and international entrepreneurship and innovation prizes. Strathclyde University has a strong track record of success in various prestigious competitions and there are considerable free support networks in place to help students with their entries.
The Hunter Centre for Entrepreneurship will provide a special university prize award for the best project.
Strathclyde Entrepreneurial Network
The University of Strathclyde is home to the Strathclyde Entrepreneurial Network, a global support network for current students and graduates. The network has supported many internationally successful student and graduate businesses and yours could be next!
Creativity & Opportunity Development
Accounting & Financial Analysis
This class introduces participants to the fundamentals of creativity and opportunity recognition. Through a blend of hands on creativity exercises, ideation tools and techniques through to models of opportunity evaluation, students will develop foundational entrepreneurship skills.
Issues and Trends in Entrepreneurship, Innovation & Technology
The aim of this class is to provide students with an understanding of the basic principles of financial accounting and financial analysis, the ability to interpret financial statements and their use in assessing the financial position and performance of companies.
This class provides an introduction to the principles of accounting and the analysis of financial statements. It will enable students to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) and to interpret and analyse these statements. Particular emphasis is placed on the accounting concepts and information employed in financial analysis and decision taking.
Students will develop the ability to prepare and interpret financial statements and construct cash forecasts. In addition, they will develop an understanding of the demand and supply for accounting information, an appreciation of the role of financial analysis and analysts, and an awareness of the statistical characteristics of accounting numbers.
The class provides a firm foundation in scholarly, practitioner and policy perspectives for "mega-trends" in entrepreneurship, innovation and technology. Students will learn about cutting-edge developments such as fin-tech, the sharing economy and social innovation, while also learning how entrepreneurial ecosystems function.
As increasing volumes of data are collected and made available to the public, identifying opportunities through analysis of data is a necessary skill for the contemporary entrepreneur. This course will empower students with a range of different analytic methods and software tools that will allow them to successfully identify high-value data-drive entrepreneurial opportunities.
Design Lab is a live challenge module, taking place over three days, that will guide students through the core stages and methodologies of the design process. Students will learn user-led research methods, how to transform insights into opportunities and then how to prototype solutions.
The module will be framed around a live design challenge where students will develop service and product concepts for a live pitch at the end of the course.
The module will be delivered on location at a leading design studio, and will be framed around entrepreneurship, business model innovation and embedding design as a core practice into organisational structures.
New Venture Creation
Entrepreneurial Leadership & Resource Management
In New Venture Creation, students will learn to develop and validate winning business models. Students will cover a broad range of topics that critically examine various approaches to establishing and operating a venture, supported by frequent guest lectures from successful entrepreneurs.
A key objective of the MSc Entrepreneurship, Innovation & Technology is to equip existing and potential entrepreneurs with skills and competencies that will enable them to successfully exploit global entrepreneurial opportunities. Entrepreneurial leadership and entrepreneurial resource management skills form an integral part of the requisite skills set.
The class will expand students' understanding of the differences and complementarities between successful leadership and the effective management of entrepreneurial capital and resources in various entrepreneurial contexts. Significant emphasis will be on the development of practical skills applicable in diverse contexts. The class will complement other modules offered within the MSc dealing with specific elements of entrepreneurship (eg creativity & opportunity recognition, new venture creation, and accounting & financial analysis) by addressing how leadership and general entrepreneurial resource management sets the strategic agenda for these elements.
Internationalisation & Growth Lab
The aim of the module is to develop sales skills that are grounded strongly in practical customer engagement rather than exclusively at a top management or strategic level. Lab content will focus on the practices associated with customer selection and with the content of sales interactions. Selling is a critical yet overlooked aspect of the entrepreneurial process, and this lab will provide a hands-on framework for effective entrepreneurial selling.
In today’s globalised business world, ventures often face international competition for inception, as well as being offered international opportunities from inception. Therefore, internationalisation is no longer the premise of larger, more established corporations. More and more often, firms internationalise early in their life cycle to explore and exploit business opportunities abroad and strengthen their competitive position in the domestic and foreign markets.
The internationalisation and growth lab will provide participants with the tools and techniques required to found globally-oriented businesses from launch.
In order to help you develop new skills and/or extend your knowledge in areas that you see as relevant to your personal learning objectives, students are asked to undertake two elective classes. These classes are chosen from a wide portfolio of elective subjects, which are revised annually to reflect the latest business thinking. In the past students have chosen from classes including:
- Brand Management & Strategy
- Foundations of Risk
- New Venture Creation
- Programme & Project Management
- Games of Strategy
- Strategic Financial Management
- Management of International Relationships
- Change Agency
- Developing Skills for Effective Management Consulting
- Social Media: Strategy & Management
- Managing in Europe (Taught at Toulouse Business School, France)
A full list of the electives available in the 2015/2016 academic year will be announced during Semester 2.
Virtual Incubator Project
The Virtual Incubator Project serves as the capstone of this course. In this self-directed class, students will apply the tools and techniques developed throughout the degree programme to work on a real-world innovation challenge. Using an innovative virtual platform, Jamii, participants will collaborate with the world-leading Canadian technology cluster ecosystem and will go through a stage-gate model of developing and pitching their solution to potential investors. A portfolio of submitted work will form the assessment for this module.
Learning & teaching
The course is delivered through a blend of lectures, workshops, lab sessions and practical activities.
First or second class Honours degree, or equivalent, in any subject.
There's no requirement for prior work experience.
English language requirements
For applicants whose first language isn't English, an IELTS minimum overall band score of 6.5 (with no individual test score below 5.5) is required.
Fees & funding
How much will my course cost?
All fees quoted are for full-time courses and per academic year unless stated otherwise.
Rest of UK
How can I fund my course?
Students on this course are eligible to apply for the following scholarships:
Check our Scholarship Search for more help with fees and funding.
Scottish and non-UK EU postgraduate students
For a number of eligible courses, Scottish and non-UK EU postgraduate students can apply for support from the Student Awards Agency Scotland (SAAS). The support is in the form of a tuition fee loan and for eligible students a living cost loan. Find out more about the scheme and what courses are eligible.
Students ordinarily resident in England may be eligible to apply for a loan of up to £10,000 to cover their tuition fees and living costs.
The fees shown are annual and may be subject to an increase each year. Find out more about fees.
Graduates from the MSc Entrepreneurship, Innovation& Technology are expected to find employment in a variety of exciting roles. This may involve:
- establishing a startup
- working in an entrepreneurial ecosystem support role
- taking over a family business
- working for a high-growth SME