Course summary

The MSc Innovation Management and Entrepreneurship course has been designed for individuals with an entrepreneurial mind-set. It is open to students from any academic discipline who are looking to set up their own business, become future entrepreneurs or those looking to take over their family business. This course combines rigorous academic theory with the practical skills, hands-on experience and valuable networks you need to make your business a success. This course aims to stimulate the entrepreneurial ethos of individuals and develop their skills and capabilities to lead and direct start-ups. This is done in four phases: Phase 1: developing and screening your business ideas - your business ideas will be challenged by your peers and other business colleagues to see if they are sustainable and have the potential value in the current global climate. It will encourage you to plan ahead and anticipate any changes within your market so you are prepared to face them. Phase 2: creating your offer and finding opportunities - you will define your value proposition and position it within the market against competitors and the current market conditions. This will also give you the opportunity to ‘hire’ your fellow classmates who ideas do not pass this stage to help develop yours. Phase 3: utilise global market conditions - your skills in innovation and core competencies will be advanced to face international challenges and gain confidence to deal with diverse cultures and attitudes. Phase 4: convincing markets and investors - here you will be pitching your business idea to venture capitalists and other business centres such as Wave Venture and 3i, to try to secure funding for your business idea to start to develop and grow it. You will have the opportunity to seek advice on internationalising your own concepts from experts and contacts that the course team will introduce you to. Why choose this degree?

• Through the Business Model and Entrepreneurship Project you will have the opportunity to set up and establish your own enterprise and be mentored by experts in the field, or perhaps develop ideas for a family business with which you are involved already. You will have the opportunity to pitch directly to venture capital investors and business angels with the opportunity to raise funding or further collaborations.

• During the course your professional and business networks will be enriched by an international experience, following a ‘young’ entrepreneurial firm, experiencing directly the entrepreneurial journey.

• The course provides you a unique seed fund and access to the entrepreneurial community, presenting you with connections to experts, entrepreneurs, business angels and capitalists.

• All Innovation Management and Entrepreneurship students at Nottingham Business School will have access to The Hive, a purpose built centre dedicated to helping turn business ideas into reality.