Designed for people with or without work experience, who wish to design, develop and run their own innovation driven globally orientated businesses. It’s a practical course, covering the process from generating new business ideas, developing and refining ideas, and designing the infrastructure right through to launching the business. You’ll focus on how innovation can be exploited in technological and business contexts, to increase success for new product or services based businesses.
The Course Provides
This course will allow you to apply best-practice approaches to your business proposals to maximise chances of success. Also the opportunity to develop and practice skills for making appropriate judgments, regarding the choices in your business development, and opportunities to develop your product and service concepts to a launch level
Core Modules: 1. Business Model Generation 2. Innovation 3. Establishing a New Business 4. Leadership 5. Management of Change 6. Sales and Sales Management 7. Financial Analysis and Control Systems
Plus two elective modules from the full list of modules.
The dissertation is run in accordance with a ‘New Product Development Plan’, developed with a range of industrial partners and tested with real new product business ideas.
The taught component of the course is a mixture of traditional lectured material, syndicate/group work, large scale delivery, practical work, online learning and forum activities. Module leaders are experts in their fields and are supported by external speakers working in organisations at the forefront of their fields.
Industrial visits are available to all students and the course is assessed through assignments.
Each module will usually last one week.
After You Graduate
Our postgraduates typically start their own business. However, the skills gained will also be extremely valuable for existing businesses, especially where there is interest in moving into new product or service areas.
Taoufik Mousselmal came to WMG from France in 2011 to study for an MSc in Innovation and Entrepreneurship. We asked him to talk to us about his experiences at Warwick – and how the programme helped him launch his own successful enterprise.
“After completing my first degree in Computer Science Engineering in Paris, I gained internships with a number of global financial and consulting organisations including Citigroup in London, Barclays in France and finally, Deloitte in Abu Dhabi.
The work was certainly very challenging and I enjoyed it immensely. But despite the great career opportunities, prestigious companies and high salaries, I felt that it simply wasn’t for me.
I come from a family that runs businesses. Entrepreneurship is in our blood and I wanted to realise my own dream, rather than someone else’s.
So I decided that taking an MSc was an obvious next step and after much research, I decided that WMG’s Masters in Innovation and Entrepreneurship was the perfect choice.
And it was a terrific 12 months. It was very challenging; I have never learned so much in such a short space of time! But our course leader was an inspiring personality who helped me make the most of my year in working towards the development of my business which was the focus of my dissertation;
I wanted to show the effectiveness of learning through digital storytelling for 21st century education. I worked in collaboration with a young education start-up called The Night Zoo Keeper to design a tailored approach to integrating digital storytelling within the 21st century classroom.
I had become interested in education during my time working on an internship in the Middle East. I saw a lot of inequality and the gap between the learning opportunities for those who have and those who have not seems to be widening.
My aim now I have finished my MSc course is to turn my idea into a successful application that changes lives. I should mention that this isn’t my only start up! During my year at Warwick, I also began two other businesses: one in web-based food retailing and another in online health and beauty product sales.
To sum up my year, I would have to say that is was thoroughly inspirational. I learned more than I could have imagined. Not just about innovation and entrepreneurship – but also about myself. It’s a time that I will never forget.
WMG’s one-year Innovation and Entrepreneurship MSc programme is designed to give ambitious people the knowledge and understanding they need to run their own innovation-driven globally orientated enterprises. Having recently completed the course, we asked Derrick Pang to reflect on his experience of Warwick - and tell us about his plans for the future.
“After gaining my first degree at The University of California, Berkeley in the USA, I worked as a software engineer for a number of start-ups. That really fuelled my ambition to set up my own company."
I met a UC Berkeley alumni in Hong Kong who had studied his Masters and PhD at Warwick. He told me about the Innovation and Entrepreneurship program. I researched it and realized that this could be exactly what I was looking for. It offered a broad range of modules (classes), plus it seemed to take a very practical approach to things.
The course was challenging but provided time for a social life and travelling as well. Because you only have 10 weeks of class, you really need to manage your time appropriately between working and playing. The modules being 40-hour one week modules were intense, but for me, that was normal as I'd spent plenty of time in a working environment. And the course leader was great and was always there to listen, support us and help us make the most of the program.
One thing that I loved was the group activity and project work. In one example, as part of the Management of Change module, the class was split into two groups for a simulation. Each group was a company and every member of the team had their own role. The simulation lasted three days and as we worked through it, our tutor would introduce outside influences that we hadn’t anticipated. This showed us that however much you plan, the real world will always throw unexpected things at you, forcing you to change and adapt all the time. In this kind of exercise, you are constantly applying the concepts that you learn in actual business situations. It makes those concepts really stick in your mind. And as we were working together as teams to steer our companies through sometimes challenging situations, we learned a lot about ourselves too.
Another good thing about the course is that…
Read more on Derrick’s story at www.warwick.ac.uk/wmgmasters/why/student_profiles/derrick_pang/.
All students with Syrian Nationality applying for a WMG Masters Course to begin October 2016 will automatically be entitled to 25% tuition fee discount. The remaining tuition fees for Syrian students after the discount are £16,755.
Value of Scholarship(s)
£5,585 (25% discount on tuition fees)
Students must have an offer to study on one of the WMG full-time MSc courses, starting 3rd October 2016 Students must be classified as overseas fee payers and have Syrian Nationality Students should be self funded. In the case where they are part funded and part self funded, the bursary will still apply.The Syrian Bursary has a deadline in accordance of course application deadline - 31st August 2016.
All students from Latin America applying for a WMG Masters Course to begin October 2016 will automatically be entitled to 20% tuition fee discount. Remainging tuition fees for Latin American students will be £17,872.For Mexico (in accordance with Warwick's agreement with CONACYT) all tuition fees for Mexican students studying on the full-time WMG MSc Programmes will be reduced by 25%. Fees for Mexican students will be £16,755.
Value of Scholarship(s)
£4,468 (20% discount on tuition fees)
• Students must have an offer to study on one of the WMG full-time MSc courses, starting 3rd October 2016 • Students must be classified as overseas fee payers and be Nationals of a Latin American Country • Students should be self funded. In the case where they are part funded and part self funded, or on a Scholarship/loan agreement the bursary will still applyThe Latin American Bursary has a deadline in accordance of course application deadline - 31st August 2016.
All students with Turkish Nationality applying for a WMG Masters Course to begin October 2016 will automatically be entitled to 25% tuition fee discount. Remainng tuition fees for Turkish students are £16,755 (rather than £22,340).
Value of Scholarship(s)
£5,585 (25% discount on tuition fees)
Students must have an offer to study on one of the WMG full-time MSc courses, starting 3rd October 2015 Students must be classified as overseas fee payers and have Turkish Nationality Students should be self funded. In the case where they are part funded and part self funded, the bursary will still apply.The Turkish Bursary has a deadline in accordance of course application deadline - 31st August 2016.
WMG will be awarding up to £500,000 in scholarships and bursaries to students commencing study on our full-time MSc programmes beginning in October 2016.Up to 50 scholarships will be awarded on a % discount of the tuition fees:15 x 50% 15 x 35% 20 x 20%Scholarships are available on a competitive basis and students will automatically be considered upon application and receiving an offer for a WMG full-time MSc course.Eligibility• All applicants receiving an offer to study on a WMG Full-time MSc course that runs in the UK, starting October 2016, will be assessed for the WMG Excellence Scholarship. • Applicants should have an excellent academic track-record. The WMG Scholarship committee will be reviewing both the academic achievement (usually the equivalent of a British 1st Class Honours Degree) and Statement of Purpose when awarding. • Students will be automatically considered for the WMG Excellence Scholarships when submitting their application for a WMG full-time MSc course. • For conditional offer-holders, scholarship awards will also be conditional on achieving the awardee's final predicted grade. • WMG Excellence Scholarships are for self-funded students only. NB: students with partial bursaries on scholarship-loan schemes or partially funded by an external organisation may be considered. Awardees should inform the scholarship committee if they are in receipt of another scholarship or are later awarded other funding. • WMG Excellence Scholarships are awarded for study on UK Full-time MSc Programmes only. • WMG Excellence Scholarships are paid towards tuition fees only and cannot be paid in cash or towards accommodation or maintenance costs. • WMG will award WMG Excellence Scholarships across all WMG Full-time MSc Programmes to maximize nationality and gender diversity. • In order to maximise your chances of success, we recommend you submit your MSc application before the end of May 2016.* These numbers are for guidance only. WMG reserves the right to amend the exact number of scholarships awarded
Value of Scholarship(s)
Up to £11,170
WMG Excellence Scholarships are available on a competitive basis. Awards will be based on past academic achievement, previous experience, extracurricular activities, reasons for study, and your vision for the future. Students will automatically be considered for the awards when submitting an application for a WMG full-time MSc course.Up to a total of 50 WMG Excellence Scholarships will be awarded on a % discount of the tuition fees. Awards will range from 20% to 50% fee discount with the maximum award possible being 50% discount.Please see further details for eligibility.
2:2 undergraduate degree (or equivalent). All academic backgrounds are eligible; selection is made on the basis of entrepreneurial flair. English Language Requirement - IELTS 6.5 (or IELTS 6.0 + pre-sessional)
Recipient: University of Warwick
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