Innovation and Entrepreneurship (MSc) (2023 Entry)
Explore our Innovation and Entrepreneurship taught Master's degree.
Join the exciting Innovation and Entrepreneurship MSc, to learn the mind-set, tools and techniques to turn great business ideas into well-executed and successful businesses. The interdisciplinary WMG department has expertly designed this programme for entrepreneurs who want to establish their own business.
Designed for budding entrepreneurs, for those with family businesses that need transforming, and for those wanting to bring an innovative entrepreneurial mindset to their next job, this course will allow you to apply best practice approaches to your business proposals to maximise chances of success.
It is a practical course, covering the process from generating new business ideas, developing, testing, and refining ideas, and designing the infrastructure, right through to launching the business. You will focus on how innovation can be exploited in technological and business contexts, to increase success for new product or services-based businesses.
You will cover themes such as business modelling, sales, starting a new business, innovation, leadership and financial issues. Throughout your dissertation, you will rigorously develop your own business ideas, guided by experienced mentors, so that by the end of the course you will be in a strong position to launch your own business.
We have a Business Accelerator within the department, where companies and student start-ups can get ongoing technology and business support, a large alumni network of successful entrepreneurs, and pathways for entrepreneurship visa sponsorship.
General entry requirements
2:i undergraduate degree (or equivalent).
Candidates with a UK 2:ii (or equivalent) may be accepted upon demonstration of relevant professional experience.
English language requirements
You can find out more about our English language requirementsLink opens in a new window. This course requires the following:
- Band A
- IELTS overall score of 6.5, minimum component scores not below 6.0
We welcome applications from students with other internationally recognised qualifications.
For more information, please visit the international entry requirements pageLink opens in a new window.
Candidates with professional experience should include their CV with their application.
Core modules are required modules that all students will complete whilst on this programme. For IAE, your core modules are:
- Business Model Generation
- Enabling a New Venture
- Service Design and Delivery
- Sales and Sales Management
- Finance for Entrepreneurs
- Digital Marketing Strategy and Management
One additional elective module should be chosen from a list of options provided to you at the start of the academic year. Please see below for an indicative list of electives available for this course:
- Organisations, People and Performance
- Reputation and Relationship Management
- Management of Change
- Global Business Environment and Markets
Read the module descriptions for this course on WMG's website.Link opens in a new window
This course has two components – a taught component accounting for two thirds of your time and effort, and a research component accounting for one third.
For the taught component, we blend lectures with seminars, syndicate exercises, simulations, and case studies. The majority of modules are taught in small classes to facilitate and encourage interaction. Others practice large-scale lectures, which are then supported by small class seminar and group activities.
Our module leaders have extensive industry experience. Guest speakers from industry also contribute regularly, bringing real-world insight into your learning experience.
In addition to your taught modules, you will undertake a major project as part of your Masters’ degree. For IAE students, your project is usually devoted to developing your business idea in a rigorous manner so that by the end of the course, you not only have a strong piece of academic research, but you will also be well equipped to launch your business if this is your intended next step. The project is nominally 600 hours (60 CATS points) of learning, mainly taking place during the Spring and Summer terms. You will be expected to engage regularly with your Project Supervisor or Coach and to provide progress updates and drafts of your work to an agreed schedule.
Overall this course can accommodate up to 100 students, with most modules being delivered in smaller classes of 25-30.
Typical contact hours
Module delivery patterns vary, but most will be delivered in a short learning block of up to 4 weeks, allowing your focus to be on one module at a time. Each module nominally accounts for 150 hours, which includes scheduled classroom time and online sessions as well as your independent study and assessments.
WMG runs a SPA module (Study, Professional and Analytical Skills) designed to meet the complex learning and professional needs of postgraduate students. This is a blended module delivered throughout the year alongside your modules. Whilst it is an unaccredited module for IAE students, your participation in the lectures, workshops and online sessions is strongly encouraged. There may be occasions where you will be required to attend evening or weekend sessions.
Modules are predominantly assessed by way of written Post Module Assignments (PMA), but assessment can also be in other formats. Most modules will also have a degree of In-Module Assessment (IMA), which will vary by module and may take the form of presentations, on-line tests, self-reflection or a range of other methods.
For the research component, you will undertake a major project, which will develop your research and analytical skills and enable you to specialise. Project submission is likely to include both a written and a presentation element, accounting for 33% of your overall academic grade.
Most departments have reading lists available through Warwick Library. If you would like to view reading lists for the current cohort of students you can visit our Warwick Library web pageLink opens in a new window.
Core modules will be allocated to students at the end of the first week of term - you will then be able to view your individual module schedule for the rest of the year via the WMG module selection system.
Elective modules will be bookable through the same system later in the term.
Modules will include scheduled classroom time and online sessions as well as your independent study and assessments, and will usually be delivered within a 4 week timeframe. Occasional classes and study skills sessions may be held at weekends or in the evenings.
As a Masters student, you are expected to manage your own time appropriately. On average, you are expected to commit 38-40 hours of study each week, in order to successfully achieve your Master’s degree.
This is a full-time postgraduate course - undergraduate term dates do not apply. Whilst there are no holidays as such, there will be no teaching scheduled when the University is officially closed, during the two weeks over Christmas and New Year.
Innovation and Entrepreneurship graduates will often start their own business, and we’ve seen graduates become successful in a wide range of sectors including: food and drink, music, business consultancy, digital education, oil and gas, outsourcing, fashion, textiles, luxury goods and jewellery, logistics, and finance. Others go on to create new divisions and ventures for their family business, or start work in sectors in which they plan to later launch their business.
Helping you find the right career
Our department has a dedicated professionally qualified Senior Careers Consultant offering impartial advice and guidance together with workshops and events throughout the year. Previous examples of workshops and events include:
- Warwick careers fairs throughout the year
- WMG Future Fest
- Options in Engineering sector event
- Careers for experienced hires
- Careers in Cyber Security
- Careers in healthcare
- Careers in project management
WMG at Warwick
Having forged strong links with global companies through 42 years of collaborative research and development, we really understand the global market you’ll be operating in, and have designed our programmes to match.
Find out more about us on our websiteLink opens in a new window
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Our Postgraduate Research degrees
There are a number of different ways to visit the University of Warwick throughout the year. We host bespoke PG visits, where you can talk directly with your chosen department and explore our campus through a personalised tour. WMG also organises events for prospective students including a weekly Live Chat so you can connect directly with the department to speak with staff and students from WMG. For more about university wide open days and tours, visit our Postgraduate Visits page.
Tuition fees are payable for each year of your course at the start of the academic year, or at the start of your course, if later. Academic fees cover the cost of tuition, examinations and registration and some student amenities.
Taught course fees Research course fees
Fee Status Guidance
The University carries out an initial fee status assessment based on information provided in the application and according to the guidance published by UKCISA. Students are classified as either Home or Overseas Fee status and this can determine the tuition fee and eligibility of certain scholarships and financial support.
If you receive an offer, your fee status will be stated with the tuition fee information, however we are awaiting guidance from the UK government regarding fee status for EU, other EEA and Swiss nationals and their family members living in the UK for academic year 2021/22 onwards. We are not able to confirm the fee status for these students until the relevant eligibility criteria have been confirmed. Once we have received further information from the UK government, we will provide you with an update on your fee status and let you know if any additional information is required. If you believe your fee status has been incorrectly classified you can complete a fee status assessment questionnaire (follow the instructions in your offer) and provide the required documentation for this to be reassessed.
The UK Council for International Student Affairs (UKCISA) provides guidance to UK universities on fees status criteria, you can find the latest guidance on the impact of Brexit on fees and student support on the UKCISA website.
Additional course costs
As well as tuition fees and living expenses, there may be general associated costs such as:
- Core text books
- Printer credits*
- Dissertation binding*
- Robe hire for your degree ceremony
* - Dissertations and Assignments are only submitted digitally. However students may wish to print and bind their dissertation for their own purposes. Students on some courses will have a final poster presentation as part of their project and the printing of posters will be at the students’ expense.
Scholarships and bursaries
Scholarships and financial support
Find out about the different funding routes available, including; postgraduate loans, scholarships, fee awards and academic department bursaries.
WMG funding opportunities
WMG will be awarding over £1million in scholarships and bursaries to students commencing study on our full-time MSc programmes
Find out more about the cost of living as a postgraduate student at the University of Warwick.
Additional funding information
We have a number of research projects available which are fully or partially funded. The majority of these are for UK/EU applicants, though occasionally we advertise positions that are also open to overseas applicants. Please refer to specific project descriptions for details. See our Research Degree opportunities here.
Find out how to apply to us, ask your questions, and find out more.
Taught course applications
Here is our checklist on how to apply for taught postgraduate courses at Warwick.
Application advice from WMG
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After you’ve applied
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See Warwick’s postgraduate admissions policy.
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Throughout the year we attend exhibitions and fairs online and in the UK. These events give you the chance to learn about our Master's and PhD study routes, and the wider context of postgraduate study.
Every week, you can connect directly with representatives from Warwick, who will be answering your questions on applying to and studying postgraduate studies at Warwick.
Some academic departments hold events for specific postgraduate programmes, these are fantastic opportunities to learn more about Warwick and your chosen department and course.
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