- Start date: September
- Accreditation: triple-accredited business school - AACSB, EQUIS & AMBA
- Study mode and duration: 12 months full-time
Study with us
- combine theoretical knowledge with practical skills
- study a practical, career-focused programme
- undertake a virtual incubation project to develop an innovative business opportunity
- participate in entrepreneurship and innovation prizes
Why this course?
The MSc Entrepreneurial Innovation & Technology is a highly practical programme that will help budding entrepreneurs conceive and crystallise their ideas about their venture start-up or new business project.
You'll learn how to combine theoretical knowledge with a special focus on developing the applied skills required to engage successfully in entrepreneurial activity.
The focus of this programme is the Virtual Incubator Project, during which you will work in groups to take your business idea to the next level. You will develop an innovative business opportunity and pitch to a panel of investors from the UK ecosystem.
By the end of the programme, you'll possess both the mindset and skills to 'think and act entrepreneurially'. You'll have the opportunity to engage with a dynamic innovation ecosystem through business competitions, guest lectures, knowledge exchange projects and field visits.
What you'll study
Classes in semester 1 cover key elements of entrepreneurship and are shared with students on the MSc Entrepreneurial Management & Leadership. In semesters 2 and 3 the MSc Entrepreneurship, Innovation & Technology will follow a much more ‘hands-on’ practical route through the Virtual Incubator Project. It's possible to swap between programmes at the start of semester 2, based on your preferences and discussions with tutors.
Virtual Incubator Project
You'll apply the tools and techniques developed throughout the degree programme to work on a real-world innovation challenge. Using an innovative virtual platform, you'll collaborate with the UK ecosystem and will go through a stage-gate model of developing and pitching your solution to potential investors. On completion, you'll submit a portfolio of your work as part of the assessment.
Strathclyde Entrepreneurial Network
The Strathclyde Entrepreneurial Network is 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!
You'll be expected to participate in national and international entrepreneurship and innovation prizes. We've 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 prize award for the best project.
Strathclyde Business School
Strathclyde Business School was founded in 1948 and is a pioneering, internationally renowned academic organisation with a reputation for research excellence.
One of four faculties forming the University of Strathclyde, SBS is a triple-accredited business school (AACSB, EQUIS and AMBA) and was the first business school in Scotland to achieve this accolade in 2004. The Business School is home to seven subject departments and a number of specialist centres, all of which collaborate to provide a dynamic, fully-rounded and varied programme of specialist and cross-disciplinary courses.
Strathclyde Business Network
As a postgraduate student at Strathclyde Business School, you may choose to join the Strathclyde Business Network, a student-led initiative that facilitates interaction with business and industry leaders.
The Network aims to foster knowledge sharing, facilitate discussion and enable networking opportunities with the very best business professional in industry. Every year the Network organises Glasgow Business Summit, which is the first-ever student-led business conference in Scotland and brings together students with leading businesses from across the UK.
Triple-accredited business school
Creativity & Innovation Development
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.
Introduction to Entrepreneurial Finance
The aim of this class is to ensure that all students taking the MSc in Entrepreneurship, Innovation and Technology and MSc Entrepreneurial Management and Leadership achieve the minimum level of financial literacy, financial forecasting and cash flow management skills needed to function as entrepreneurs. This class provides an introduction to finance for entrepreneurs. It covers the basic financial literacy that entrepreneurs need to be able to interact with the finance function, conduct basic analysis of financial data themselves, develop financial scenarios for new business models.
Issues & Trends in Entrepreneurship, Innovation & Technology
This module provides a firm foundation in scholarly, practitioner and policy perspectives for "mega-trends" in entrepreneurship, innovation and technology. This is a student-driven class, where you'll develop research and presentation skills, and learn about cutting-edge developments such as digital health technology, the sharing economy and social innovation, while also learning how entrepreneurial ecosystems function.
There is a growth in the number of entrepreneurs starting businesses with social and environmental purposes. This module examines ideas and practices for addressing social needs. These include social enterprises, collaborative innovation networks, hubs, digital platforms, and support intermediaries. The module is centred around how students can start their own social entrepreneurship projects. The module will consist of a selection of presentations and discussions around social innovation and social entrepreneurship.
Mindsets are at the core of everything that people think and do. Therefore, if we want to steer entrepreneurial behaviour towards success, we need to start by shaping the mindsets of those who start ventures. From government agencies to investment panels, entrepreneurial mindsets are quickly becoming the buzzword that everyone wants to know about. But what are those mindsets? And when are they a force for good or otherwise?
In this research-based class, you'll be exposed first hand to the daily struggles and successes of early-stage entrepreneurs and will be tasked with assessing their mindsets, how those mindsets are shaped by context and how, in turn, they shape the behaviour of the entrepreneur. You'll take a fascinating journey through the latest academic thinking on mindsets and will apply that thinking to the practice you observe in the entrepreneurs you will be following. Theory and practice will inform each other as you discover the often hidden power of the mind on human fears, goals, failures and achievements.
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.
New Venture Creation
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.
Advanced Entrepreneurial Finance
Research shows that the main reasons for closing a business venture are lack of profitability and failure to raise funding. Most entrepreneurs are raising funding and dealing with investors for the first time, but the investors do this for a living. The power balance is thus tipped against the entrepreneur. This class provides knowledge and skills to empower entrepreneurs in their consideration of and dealings with the various funders. It does so by helping students to understand the mechanics of sophisticated funding methods for entrepreneurs, including bank funding, government funding, business angels and venture capital, as well as crowdfunding, customer funding and other alternative finance. In this class, students simulate being investors, and also learn to plan strategically for maximum value at exit.
Strategic Innovation Management
This module is designed to build knowledge of the processes underpinning innovation. The class will provide an introduction to the main concepts and frameworks related to definitions, processes, strategies, organisation and sources of innovation. Towards the end of the class, new trends in innovation, such as social innovation and frugal innovation, will also be covered.
Entrepreneurial Management & Leadership
Entrepreneurial leadership is distinct and different from leadership found in large corporates. (Röschke, 2018). Entrepreneurial leaders tend to be more adept at exploring and exploiting opportunities in the marketplace and dealing with constant change and competition.
This module will help participants better understand their own leadership style and also understand the key characteristics and behaviours of entrepreneurial leaders. Entrepreneurial management shows similarities to management functions in established organisations – strategic planning, marketing, etc. However, is it really necessary in a start-up situation? This module will explore the importance of entrepreneurial management and how start-ups and SMEs can benefit from having a programmed approach to growing the business.
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.
Internationalisation & Growth Lab
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.
Virtual incubator project
The Virtual Incubator Project is the culmination of the programme. Here, you'll be expected to put into practice all of the skills and knowledge developed over the previous nine months in order to bring a business proposition to an investment panel. You're expected to identify a suitable business idea, use primary and secondary market research for validation, and demonstrate your ability to develop the infrastructure to operationalise and grow your business. It's an accelerated incubation program run in partnership with the Entrepreneurship Accelerator Hub at the Royal Bank of Scotland.
Over the six-week period, you'll work to go from an initial idea to investable business opportunity. In weeks 4 and 6 you'll present a working proposal to different investor audiences with the final pitch in week 6 being delivered to the Scottish EDGE panel. During the incubation period, you'll occasionally have access to ‘hot-desk’ facilities at the Entrepreneurial Hub in the city centre, and we encourage you to network, learn and support the other entrepreneurs-in-residence.
Most of the six-week period will be self-directed time for you to research and validate your ideas. Formal activities will predominately take place on Wednesdays, where you'll attend workshops, soundboard sessions with the academic team, and social events.
Learning & teaching
The bulk of the taught classes run in semesters one and two. However, there will still be classes and workshops running in semester three, so you'll be required to be present in Glasgow throughout semester three. Classes will be taught through a combination of lectures, workshops, lab sessions and practical activities. The Virtual Incubator Project is undertaken in Glasgow from May to September.
Assessments methods vary by class. Typical assessment will be through a combination of group assignments, individual assignments and exams. Exams will take place at the end of each semester in December and April/May.
Minimum second-class Honours degree, or overseas equivalent (see our country pages for further information) in any subject.
|English language requirements|
Students whose first language is not English must have a minimum of 6.5 IELTS score, with no individual score lower than 5.5. Get more information about the English language requirements for studying at Strathclyde.
Pre-Masters preparation course
The Pre-Masters Programme is a preparation course held at the University of Strathclyde International Study Centre, for international students (non EU/UK) who do not meet the academic entry requirements for a Masters degree at University of Strathclyde. The Pre-Masters programme provides progression to a number of degree options.
Upon successful completion, you will be able to progress to this degree course at the University of Strathclyde.
We've a thriving international community with students coming here to study from over 100 countries across the world. Find out all you need to know about studying in Glasgow at Strathclyde and hear from students about their experiences.Visit our international students' section
Fees & funding
All fees quoted are for full-time courses and per academic year unless stated otherwise.
|Rest of UK|
Most modules require students to buy textbooks, - assuming each module has a set textbook and 30% of these are available as free ebooks then students will be required to buy around 9 books around £40 - £50 each, therefore, we would recommend allowing around £400 for books.
Please note: the fees shown are annual and may be subject to an increase each year. Find out more about fees.
How can I fund my course?
Scottish and non-UK EU postgraduate students
Scottish and non-UK EU postgraduate students may be able to 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 support and how to apply.
Students coming from England
Students ordinarily resident in England may be to apply for postgraduate support from Student Finance England. The support is a loan of up to £10,280 which can be used for both tuition fees and living costs. Find out more about the support and how to apply.
Students coming from Wales
Students ordinarily resident in Wales may be to apply for postgraduate support from Student Finance Wales. The support is a loan of up to £10,280 which can be used for both tuition fees and living costs. Find out more about the support and how to apply.
Students coming from Northern Ireland
Postgraduate students who are ordinarily resident in Northern Ireland may be able to apply for support from Student Finance Northern Ireland. The support is a tuition fee loan of up to £5,500. Find out more about the support and how to apply.
We've a large range of scholarships available to help you fund your studies. Check our scholarship search for more help with fees and funding.
Graduates will be well suited 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
- taking a leadership role in a large corporation
- working for a leading consultancy
Glasgow is Scotland's biggest & most cosmopolitan city
Our campus is based in the very heart of Glasgow, Scotland's largest city. National Geographic named Glasgow as one of its 'Best of the World' destinations, while Rough Guide readers have voted Glasgow the world’s friendliest city! And Time Out named Glasgow in the top ten best cities in the world - we couldn't agree more!
We're in the city centre, next to the Merchant City, both of which are great locations for sightseeing, shopping and socialising alongside your studies.
Find out what some of our students think about studying in Glasgow!Find out all about life in Glasgow
Entrepreneurship, Innovation and Technology
Start Date: Sep 2020
Mode of Delivery: full-time
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