Course title: Master in Knowledge-based Entrepreneurship
Course code: PMKBEFTT3
Level of qualification: Second Cycle
National Qualifications Framework level: Level 7
Duration: 3 Semesters
Mode of attendance: Full-time
Total ECTS credits: 90
Coordinator: Russell Smith
Delivered by: Centre for Entrepreneurship and Business Incubation
This programme of study is also offered on a part-time basis from 5 semesters day up to 11 semesters day. Students are required to consult with the Board of the Centre for more information pertaining to which study-units to register for during each year of study.
The Master in Knowledge-Based Entrepreneurship is designed to impart knowledge to Science, Technology, Engineering and Media graduates, allowing them to become successful entrepreneurs and launch their own successful business ventures, and convince financiers and financial entities to finance their ventures. Following an introduction to entrepreneurship, the students will cover topics in Creativity, Innovation, Marketing, Strategy, Business Planning, Finance, Risk Management and Performance Management, all focusing on the requirements of entrepreneurs.
This course will also be useful to intrapreneurs working within their own organisations, and to professionals who provide services to entrepreneurs on a day-to-day basis.
The course follows a highly pragmatic, hands-on approach, culminating in two business and operational planning exercises which allow participants to build their own plans that can be taken to the market for financing.
The course will be delivered as an intensive training program, with most of the face-to-face tuition delivered over four intensive weeks distributed equally throughout the first two semesters. Thus, even persons in employment would be able to follow the course.
Another innovative feature of the course is that students may follow the programme over a period of five years and still be eligible for the award of the degree, provided they are successful in all components of the programme.
Admission and progression requirements
The Course shall be open to applicants in possession of a Bachelor degree from this University with at least Second Class (Honours) or Category II in the areas of Science, Information Technology, Engineering, Media, Communications, and the Humanities, or in any other area which the Board deems as appropriate.
Applicants in possession of a Bachelor degree from this University with Third Class Honours or Category III in the disciplines highlighted in the above paragraph may apply if they are also in possession of other qualifications or at least five years of relevant work experience, obtained following the first cycle degree. The admission of applicants under this paragraph may be made conditional on the results of an assessment as the Board may deem appropriate.
Applicants who are not in possession of the qualifications indicated above may also be considered if they submit a letter of motivation and a detailed curriculum vitae showing their experience and achievements to the satisfaction of the Admissions Board. Such applicants may be admitted by the Admissions Board under those conditions it may impose, which may include that the applicants pass in supplementary study-units to which not more than 12 ECTS credits are assigned.
Eligible applicants may register as visiting students for individual study-units and obtain credit for them. Should they be accepted to join the Course within five years from following the first study-unit, the Board may allow the transfer of these credits to the student’s academic record for the Course.
Info for applicants with international qualifications
UM currently hosts over 1,000 full-time international students and over 450 visiting students. The ever-increasing international students coming from various countries, in recent years, have transformed this 400-year old institution into an international campus.
Our international students generally describe Malta as a safe place, enjoying excellent weather and an all-year varied cultural programme. Malta is considered as the ideal place for students to study.
The International Office at UM provides information about admission, English language requirements, and comparability of qualifications. Dedicated personnel assist international students with visas, health tests, accommodation and other related issues.
Fees and funding
Total Tuition Fees: Euro 4,500
Tuition fees are charged by study-unit.
Total Tuition Fees: Euro 15,300
Tuition fees are charged by study-unit.
These tuition fees are quoted for indicative purposes only as they are based on the programme of studies of 2018/9.
Students successfully completing the Master in Knowledge-Based Entrepreneurship should be able to:
Display a thorough understanding of entrepreneurship and what it takes to become a successful entrepreneur;
Use their knowledge and understanding of creativity and innovation within the business environment to develop new business products;
Develop a broad knowledge and understanding of Market research and analysis of data; the development of new markets and the development of markets towards maturity; customer expectations, service and orientation; competing against established businesses and establishing the Unique Selling Proposition (USP);
Create a sound business plan and apply it as a management tool;
Appraise the main ways in which business finances are presented and how businesses are valued, and identify how and when to raise funding for growth via debt or equity finance;
Assess how good project planning and management can minimise business risk;
Manage people and organisations within an entrepreneurial start-up culture;
Apply the knowledge gained throughout the course to mentored business projects.
Course intended for
The course is primarily designed for Science, Technology, ICT, Engineering, Media and other Creative Industry graduates. However, graduates with a good business idea will also be given the opportunity to participate in the course, provided they pass a qualifying interview.
Career opportunities and access to further studies
This course primarily teaches Science, Technology, Engineering and Media graduates how to become entrepreneurs and launch their own, successful business ventures, and convince financiers to finance their ventures.
The course will also teach intrapreneurs how to launch successful business initiatives within their own organisations and convince top management to fund their proposals and initiatives.
Finally, the course will allow professionals who work with entrepreneurs to gain excellent insight into the way entrepreneurs think and allow them to provide better services to entrepreneurs.