Entrepreneurship & Innovation Management MSc

Course Overview

Join our Entrepreneurship & Innovation Management MSc and develop the practical skills to become a sustainable, creative innovator and resilient entrepreneur. Spot opportunities, solve problems and learn modern methods used in business startups from experienced professionals with diverse backgrounds.

This MSc course has experiential learning at its core with an emphasis on hands-on learning, in tandem with traditional classroom theories, providing a contextualised understanding of the principles and practice of entrepreneurship. Working within a timetable that allows you to develop new products or build your business alongside your studies, you’ll engage in real-world scenarios that foster the development of innovative, high-impact ideas and develop your entrepreneurial mindset. Upon graduation, your motivation, resilience and strong ethical foundation will allow you to excel in the ever-evolving business landscape.

Study at Falmouth:

• Experience key business startup steps by developing innovative products, taking them to market, and making them investment-ready, either in the real world or a practice-based environment.
• Develop skills in critical and creative business areas, including design thinking, finance, marketing, lean project development and project management
• Discover a new world of innovative sustainable business opportunities, gaining a competitive advantage by placing sustainability at the heart of your business
• Enhance your skill set for life, helping you thrive in a modern business world full of change and uncertainty

Course Details

MSc Entrepreneurship & Innovation Management

This Entrepreneurship & Innovation Management MSc focuses on helping you to become a resilient entrepreneur in practice, not just in theory. Through participating in highly interactive sessions, you’ll learn what it takes to bring new products to market. From identifying market opportunities and financial viability, to assessing long-term sustainability, you’ll gain the knowledge and skills to become a well-rounded business leader of the future.

Stage One

• Product Ideation
  • Explore ways to build sustainable business concepts that create value for yourself and the planet.
  • Apply design thinking concepts, such as ideation and prototyping, to sustainable business challenges, and explore different approaches to innovation (incremental, radical and disruptive) and the implications each of these approaches have on the efficacy of business solutions.
• Sustainable Practice
  • Be introduced to different sustainability frameworks, including the UN’s Sustainable Development Goals, and evaluate challenges, opportunities and potential actions through the lens of sustainable development and our inter-connected global society.
  • Reflect upon sustainability-related issues that you may face within your career and use these to inform a personal sustainability plan. You will also audit a business of your choice to identify elements of best practice and recommend improvements.

Stage Two

• Innovation Product Development
  • Learn how to test and validate early business concepts, gaining essential customer feedback to enhance product scope and the development of a minimum viable product (MVP).
  • Carry out practical product development activities within the context of theoretical innovation and entrepreneurial frameworks, such as lean start-up and the innovation matrix. Through these exercises, you’ll be introduced to concepts such as iterative, radical, sustainable and transformational innovation.
• Business Management
  • Explore core concepts of business strategy, financial viability and long-term sustainability in the development of new business ideas.
  • Learn how to use a range of financial documents, such as profit and loss statements, balance sheets and cashflows, to support effective decision making and leadership. You’ll recognise the need for financial acuity to inform pricing, strategy, business models and protection of intellectual property.

Stage Three

• Final Major Project
  • Drawing upon the knowledge and experiences gained from previous modules, you’ll deliver a practice-led research project that’s located within a defined context.
  • The Final Major Project should reflect your awareness of the contexts, challenges, possibilities, and goals of your practice. It could be for a new idea of your own, a project or new product for an existing organisation, or a proposed resolution to a significant challenge.

How You'll Learn & Be Assessed

How You'll Learn

• The delivery of the Entrepreneurship & Innovation Management MSc is provided in three ways:
  • Lectures provide the theoretical background and wider context to each topic
  • Seminars focusing on the application of the theory to sectoral practice
  • Tutorials help students apply theory to their own practice and assignments
• Experiential learning (or learning by doing) makes up the teaching and assessment approach for this course, and you will develop collaboration and communication skills by working in teams at times.

How You'll Be Assessed

• Each module has two assessments which are staggered to avoid submission deadlines in the same week.
• You’ll be assessed via a range of methods, including:
  • Written reports
  • Portfolio reviews
  • Verbal assessments
  • Pitch presentations
  • Team working assessments
• There are no exams, so 100% of your assessment is coursework.
• Feedback is provided regularly throughout each module.

Facilities

• High quality teaching facilities
• IT suites and software packages
• Excellent media facilities for producing promotional material and audio-visual content
• Libraries housing a collection of 140,000 books, 17,000 DVD and video titles, and electronic and journal resources

Staff

Your lecturers will be practicing professionals with experience in founding and running their own businesses and bringing new innovative products to market. With a wealth of real-world experience, the course team will help students to apply key business concepts and theories to their own learning and projects.

Careers

The aim of this programme is to develop students’ understanding of the practical application of contemporary entrepreneurship and innovation management. You’ll graduate with a range of practical business development skills to support existing businesses, or to create your own start-up.

By situating the course at the intersection of theory and practice, you can choose your own approach to this subject either as theorist or practitioner, leading to many future career options.

Entry Requirements

• A 2:2 honours degree (or above) or Level 6 equivalent qualification is desirable. However, candidates without a degree or formal qualification are still encouraged to apply, if they have significant relevant work experience.
• If you'd like to discuss our entry requirements, speak to an advisor.
• Start-ups and innovators require a number of skill sets, so we'll consider applications from people with a wide variety of graduate and professional backgrounds who possess a clear interest in starting a business or increasing innovation in an existing business.

Language Requirements

• If English isn’t your first language, you'll need to demonstrate English language skills that are sufficiently developed for successful completion of your studies.
• We accept a range of recognised English language qualifications that are equivalent to the International English Language Testing System (IELTS) Academic minimum score of 6.5 overall, with a minimum of 6.0 in Reading, Writing, Speaking and Listening.

Fees, Costs & Funding

Tuition Fees

• £9,200 per year - full-time UK (£250 acceptance fee payable. This is deducted from tuition fees.)
• £17,950 - full-time EU/international (£500-£2,500 acceptance fee payable depending upon your status. This is deducted from tuition fees)

Typical Course Costs

• £30 - suggested reading
• A laptop will be an essential piece of equipment along with a reliable broadband connection

Postgraduate Funding

• There are loans, awards, graduate discounts and alternative funding sources for postgraduate studies. Read about them on our Postgraduate Funding page.

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Degree Overview

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Objectives:

• Develop exciting and enduring business opportunities.
• Become a resilient, creative innovator and sustainable entrepreneur.
• Gain progressive business methods from experienced professionals.
• Be exposed to real business ideas and the application of entrepreneurial theory and applied practice through a sustainability lens.
• Develop impactful ideas with a resilient, motivated, and ethically focused mindset.
• Possess the tools to thrive in the future business landscape.

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Program Description:

This MSc course focuses on helping you become a resilient entrepreneur in practice, not just in theory. The program equips you with the knowledge and skills to become a well-rounded business leader of the future. Through highly interactive sessions, you'll develop a deep understanding of the entrepreneurial landscape and the skills to navigate it successfully.

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Outline

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Structure:

• Sustainable Practice: Get introduced to sustainability frameworks, including the UN's Sustainable Development Goals.
Analyze challenges, opportunities, and potential actions through a lens of sustainable development. Reflect on sustainability-related issues and create a personal sustainability plan. Audit a business to identify best practices and recommend improvements.

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Stage 2:

• Innovation Product Development: Learn how to test and validate early business concepts, gain essential customer feedback, and enhance product scope.
Develop a minimum viable product (MVP) using practical product development activities within the context of theoretical innovation and entrepreneurial frameworks.
• Business Management: Explore core business strategy concepts, financial viability, and long-term sustainability in the development of new business ideas.
Understand the significance of financial acuity in pricing, strategy, business models, and intellectual property protection.

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Stage 3:

• Final Major Project: Utilizing the knowledge and experiences gained, deliver a practice-led research project based on a defined context.
Reflect the project on your awareness of context, challenges, possibilities, and goals. You could choose to design a new idea, develop a project or new product for an existing organization, or propose a solution to a significant challenge.

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Assessment:

• Written reports
• Portfolio reviews
• Verbal assessments
• Pitch presentations
• Team working assessments

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Teaching:

• Lectures on theoretical background and wider context
• Seminars focusing on the application of theory to sectoral practice
• Tutorials to help students apply theory to their own practice and assignments

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Careers:

• Founder and Managing Director
• Director of Business Development
• Innovation Manager
• Corporate Sustainability Manager
• The program has two intakes per year: January and September.
• The teaching staff includes experienced professionals and entrepreneurs.
• The program integrates experiential learning to develop collaboration and communication skills.
• The program places a strong emphasis on sustainability and ethical business practices.

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Conclusion

The Entrepreneurship & Innovation Management MSc program at Falmouth University provides a comprehensive and practical education for students who want to become successful entrepreneurs. The program’s focus on real-world experience, sustainability, and ethical business practices makes it an excellent choice for students who want to make a difference in the world.

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Tuition fees 2024-25 £9,200 per year - full-time UK (£250 acceptance fee payable. This is deducted from tuition fees.) £17,950 - full-time EU/international (£500-£2,500 acceptance fee payable depending upon your status. This is deducted from tuition fees)

Falmouth University

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Overview:

Falmouth University is a public university located in Cornwall, England, renowned for its creative arts and design programs. It offers a wide range of undergraduate and postgraduate courses, as well as online study options. The university is known for its strong industry connections, professional-grade facilities, and inspiring location.

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Services Offered:

Falmouth University provides a comprehensive range of services to its students, including:

Accommodation:

On-campus and off-campus accommodation options are available, offering modern and well-equipped spaces.

Student Support:

The university offers a variety of support services, including academic advising, career counseling, and mental health support.

Employability Service:

Falmouth University has a dedicated Employability Service that helps students develop their career skills and find employment opportunities.

Student Voice:

The university encourages student feedback and participation through its Student Voice program.

Study Abroad Exchanges:

Students have the opportunity to study abroad at partner institutions around the world.

Virtual Experience:

Falmouth University offers a virtual experience platform for prospective students to explore the campus and learn more about the university.

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Student Life and Campus Experience:

Falmouth University offers a vibrant and engaging campus experience, with:

Accommodation:

Modern and well-equipped accommodation options on and off-campus.

Open Days:

Open Days are held regularly, allowing prospective students to experience campus life and meet staff and current students.

Freshers' Week:

A dedicated week of events and activities designed to help new students settle in and make friends.

Student Clubs and Societies:

A wide range of clubs and societies cater to diverse interests, providing opportunities for students to connect with like-minded individuals.

Location:

Falmouth is situated in a beautiful and inspiring location, with easy access to the coast and surrounding countryside.

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Key Reasons to Study There:

Industry Connections:

Falmouth University has strong industry connections, providing students with opportunities for internships, placements, and networking.

Professional-Grade Facilities:

The university boasts state-of-the-art facilities, including studios, workshops, and labs, designed to support creative learning and practice.

Inspiring Location:

Falmouth's location in Cornwall offers a unique and inspiring environment for creative study, with access to stunning beaches, coastal landscapes, and a vibrant arts scene.

Focus on Employability:

Falmouth University is committed to preparing students for successful careers, with a dedicated Employability Service and a strong focus on practical skills development.

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Academic Programs:

Falmouth University offers a wide range of academic programs, with strengths in:

Art & Design:

The university is renowned for its art and design programs, including animation, film, photography, graphic design, fashion, and textiles.

Games:

Falmouth University has a dedicated Games Academy, offering programs in game design, development, and production.

Business & Marketing:

The university offers programs in business, marketing, and entrepreneurship, with a focus on creativity and innovation.

Computing:

Falmouth University offers programs in computing, including data science, robotics, and software development.

English, Journalism & Writing:

The university offers programs in English, journalism, and creative writing, with a focus on practical skills and industry connections.

Performance, Theatre & Music:

Falmouth University offers programs in performance, theatre, and music, with a focus on practical training and professional development.