Master Innovation and Entrepreneurship

Program Overview

Master Innovation and Entrepreneurship (M.A.)

The Master Innovation and Entrepreneurship program at Munich Business School is designed to provide students with a comprehensive understanding of the principles and practices of innovation and entrepreneurship. With a focus on real-world problem-solving and hands-on learning experiences, this program prepares students to become leaders in the creation and development of new ideas and businesses.

Program Description

The program will provide you with advanced economic knowledge, it will allow you to develop entrepreneurial thinking as well as equip you with the most important skills and tools to put your innovative ideas into practice - in a company as well as when starting your own business.

Program Structure

The program is divided into three semesters, with the first two semesters focusing on core modules and the third semester offering a choice between an internship, semester abroad, or start-up project.

Core Modules

• Innovation & Entrepreneurship: Strategy and Business Design
  • Entrepreneurial Mindset and Business Design
  • Innovation Strategy
• Ideation and Prototyping
  • Ideation, Design Thinking & Prototyping I
  • Lean Startup, Usability Testing & Prototyping II
• Innovation and Entrepreneurship Business Project
  • Work independently in small teams on a real project for a startup/an established innovative company throughout semester 1 and 2
• International Business and Management
  • International Strategic Management
  • Organizational Behavior
  • Conscious Business
• International Focus
  • Choose 1 out of 3: Business in Germany, Business in Latin America, Business in China
• Languages (Optional)
  • Choose 1 out of 3: Spanish, Chinese, German
• Communication in International Business
  • Business Communication
  • Business Ethics
  • Negotiation Skills
• MBS Engagement
  • Feel a stronger sense of belonging to the MBS community by actively engaging in a variety of extracurricular offerings

Electives

• Technology Trends
  • Learn how to identify and analyze technology trends and their implications for management and society
• Understanding Social Startups
  • Learn about the implications of social entrepreneurship and practically experience how to develop social business models
• Independent Research Project
  • Learn how to and develop a scientific paper, publication, working paper (or similar) on a self-chosen research topic
• Success Factor Happiness
  • Personally experience the concepts of happiness, mindfulness, higher purpose, compassion, and gratitude

Admission Requirements

• Academic Requirements
  • Successful Bachelor's degree (180 ECTS or more)
• Language Requirements
  • English Proficiency: TOEFL iBT & Home Edition: min. 85, IELTS & IELTS Online: min. level of 6.5– Academic Module, ELS English for Academic Purposes: Advanced Level 112, Duolingo English Test: Overall Score 115 or higher, Pearson PTE Academic: Overall Score 56 or higher, Cambridge: Min. 173 or Grade B or higher
• Application Deadline
  • Spring semester: December 10 (Europeans), October 31 (non-Europeans)
  • Winter semester: July 15 (Europeans), April 30 (non-Europeans)

Fees

• Tuition Fees
  • EUR 25,740 (total)
  • EUR 8,580 (per semester)
  • EUR 1,430 (per month)
• Early Bird Special
  • EUR 1,000 discount on the first semester rate
• Other Fees
  • Application Processing Fee: EUR 60
  • One-time Enrollment Fee (EU/EFTA): EUR 690
  • One-time Enrollment Fee for international students: EUR 1,490

Scholarships

• Scholarship Programs
  • Up to EUR 4,000 of the overall tuition fee
  • Up to EUR 2,000 on the 1st and 2nd master's semester

Career Opportunities

• Founder of an own start-up
  • Start your own start-up, either alone or in a team, and build it up from the initial business idea to a marketable product
• Employee in an (international) company
  • Act as an innovation driver, identify and develop new products and business ideas, establish an innovation culture or initiate cooperation with innovative start-ups
• Employee in a start-up or start-up ecosystem
  • Join an existing start-up and make an important contribution to establishing it in the market, or work in an incubator/accelerator and support start-ups in implementing their ideas
• Entry/Takeover of Family Business
  • Join the family business of your parents or other relatives and drive change projects forward
• Consultant
  • Advise companies and start-ups on various questions and problems, and drive innovative processes, changes, and decisions

Lecturers

• Prof. Dr. Nadine Chochoiek
  • Professor for Innovation and Entrepreneurship
  • Academic Director Master Innovation and Entrepreneurship
• Prof. Dr. Thomas Röhm
  • Professor for International Business and General Management
• Prof. Dr. Barbara Scheck
  • Professor for Entrepreneurship
• Prof. Dr. Christian Schmidkonz
  • Professor for International Business and Managerial Economics
  • Academic Director Master International Business
• Prof. Dr. Heiko Seif
  • Professor for International Management
  • Vice Dean for Research
  • Academic Director Master Sports Business and Communication

Alumni

• Daniel Barke
  • CEO of WorkGenius
• Christian Klemenz
  • Founder and Managing Director Bierothek
• Simon Sparber
  • Founder and Managing Director of Angles90
• Josephine Dransfeld
  • Inhaberin (Prokuristin) HEUNEC GmbH & Co. KG
• Patrick Bohrer
  • Co-Founder and Business Development FLSK
• Pascal Ritter
  • MBS Alumnus and Founder of the Recycling App The Fortunate Planet
• Patrick Löffler
  • Co-Founder and CEO givve
• Alexander Lundberg
  • MBS Alumnus and Co-Founder of Careloop

FAQs

• What is Innovation Management and Entrepreneurship?
  • Innovation management is the process of overseeing and implementing new ideas, products, or processes within an organization to improve efficiency, create value, or gain a competitive advantage. Entrepreneurship is the act of creating, organizing, and running a new business venture, typically starting from a novel idea or opportunity.
• What is Master of Innovation and Entrepreneurship?
  • A Master of Innovation and Entrepreneurship is a graduate-level program designed to equip students with the knowledge and skills needed to develop new business ideas, manage innovation processes, and launch successful startups.
• Why Innovation Management and Entrepreneurship?
  • Innovation Management and Entrepreneurship are essential for driving economic growth, fostering creativity, and maintaining competitive advantage.
• What are examples of Product Innovation?
  • Examples of product innovation include smartphones, electric vehicles, streaming services, wearable technology, and e-readers.
• Why is Innovation an important Element of Entrepreneurship?
  • Innovation is a crucial element of entrepreneurship because it drives the creation of unique products and services, differentiates businesses in competitive markets, and meets evolving consumer needs.
• Is a Master in Innovation & Entrepreneurship in Munich good?
  • A Master in Innovation & Entrepreneurship in Munich is a good choice. Munich is a vibrant business hub with a strong focus on technology and innovation, offering ample networking opportunities with startups and established companies.
• What is Agile Management in Managing Innovation and Entrepreneurship?
  • Agile Management in managing innovation and entrepreneurship involves using iterative and flexible methodologies to develop products and services.
• What is Innovation and Entrepreneurship according to Peter Drucker?
  • According to Peter Drucker, innovation is the specific tool of entrepreneurs through which they exploit change as an opportunity for a different business or service. Entrepreneurship is about taking risks to innovate, identifying opportunities within changes, and driving economic growth through the establishment of new enterprises or the transformation of existing ones.
• Why is it important to study Entrepreneurship and Innovation?
  • Studying Entrepreneurship and Innovation is important because it equips individuals with the skills and knowledge to create, develop, and manage new business ventures.
• Is a Master in Innovation and Entrepreneurship Germany good?
  • A Master in Innovation and Entrepreneurship in Germany is a good choice. Germany has a strong economy, a thriving startup ecosystem, and numerous opportunities for networking and collaboration with industry leaders.