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University of Westminster Entrepreneurship, Innovation and Enterprise Development MSc
University of Westminster

Entrepreneurship, Innovation and Enterprise Development MSc

London, United Kingdom

1 Years

English

Full time

Request application deadline

Sep 2024

GBP 19,000 / per year *

On-Campus

* international | UK: £16,500

Postgraduate Online Open Day

Introduction

On our exciting Master’s programme, you’ll experience first-hand what it’s like to innovate, solve real-life problems and come up with smart solutions. Inspired by serial entrepreneurs and our academic experts, you will cultivate your entrepreneurial mindset, improving your ability to identify viable business opportunities – whether you launch your own enterprise or support others to do so.

Individuals with an entrepreneurial spirit don’t always start up a new business, but they repeatedly come up with ideas that change the way we live and work, inspiring new products, services and activities that create jobs and spur economic growth. Their innovation, big picture outlook, willingness to take calculated risks and ability to build positive relationships make them an asset to any employer.

On this course, your journey begins in the pre-start-up phase, with the formation of ideas on a possible business venture, right through to potentially pitching your plan to prospective investors or raising money via crowdfunding campaigns. You will be mentored and coached throughout, developing the personal and professional skills needed to envision new products or services capable of attracting investment and then guide them to completion.

Practical in approach, you’ll learn through experience both as an individual and part of a team, participating in educational games, workshops, international and local business challenges and project-based assessments. These not only develop your awareness to detect business opportunities but also test your capacity to generate ideas and your resolve to progress projects – often in difficult and changing circumstances. As an example of the exciting activities students are exposed to: in 2018, we took students to Greece, visiting a wide range of different organisations, including a maritime institute, a local council working on a food bank project, a DIY family-owned chain store and a wine cooperative. In 2019, the international business challenge took place in Tallinn, Estonia, working with exciting firms such as an international accounting firm, an optician chain, packaging and logistic companies, as well as a major Estonian waste management and recycling business. Students were given a series of related tasks, such as coming up with a new business or product idea, revising a current business model and devising supply chain savings.

On our programme, you have plenty of opportunities to connect with London’s vibrant business start-up communities through our networks of entrepreneurs, accelerators, incubators and investors. On another project to put students' design thinking to the test, for example, they visited the nearby Church Street Regeneration Base and worked with a small business client to come up with ideas for development opportunities – anything from a digital estate agent to a pizza place.

On graduation, you’ll be ready (if you choose) to launch your start-up, which has led to past students launching successful ventures as diverse as a recipe and food blogger website, mealz.com, and the InterNeurs tv series on Amazon Prime.

Top reasons to study with us

  • The University of Westminster has been the springboard for some highly successful entrepreneurs over the years – Jeffrey Hyman, Vivienne Westwood and Christopher Bailey, to name just a few
  • Become business-ready through intensive practical experiences and input from seasoned entrepreneurs, which previously included a former MBA student who founded MyCognition, a digital training platform which enhances mental health and cognitive fitness
  • Strong student community and chance to join the award-winning Westminster Entrepreneurship Society, one of the University’s most proactive societies
  • Access to the University’s Fabrication Laboratory – or FabLab – where you can test different materials, build models and even prototypes of your product ideas
  • We organise Pitch Days and Pop-Up Festivals to enable you to validate your ideas with real clients and investors
  • Working field trips have previously included a trip to Greece to study the wine industry in Europe and London Venture Crawl of our local entrepreneurs and incubators
  • Access to our extensive network of entrepreneurs: current and past students, successful alumni, The Entrepreneurial Society (TES), Westminster Business Consulting Ltd (WBC), The Big Innovation Centre (BIC), Building Global Innovators (BGI) and more

Why study this course?

  • Pitch your ideas
    Pitch your ideas to real investors and clients at our Pitch Days and Pop-up Festivals.
  • Global network of entrepreneurs
    On successful completion of this course, you’ll gain access to our exclusive global network of entrepreneurs.
  • Strengthen business insight
    Strengthen business insight through interaction with businesses and discussions about current market challenges.

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