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Innovation and Entrepreneurship
- September
- 18 or 24 Months
- English
- Arrange consultation
Business Project: Together with your fellow students, you will carry out a project on behalf of a real company and apply your acquired knowledge in practice.
Internationality: International Focus, semester abroad, dual degree, international atmosphere - studying at Munich Business School is an international experience, because internationality is not only taught here, but lived.
Student Life: Thanks to the small campus in the heart of Munich and numerous student initiatives, students quickly come into contact with each other. With a wide range of leisure, cultural and sports activities, as well as good connections to the (European) surrounding area, Munich offers everything a student could wish for.
Your own start-up: Your dream is to become a founder? In the 3rd semester, you have the option of working on your own start-up. During the project, you will receive comprehensive support and coaching from lecturers.
Personal Support: Students at MBS learn in small and interactive courses. They are in direct and continuous exchange with the lecturers and receive individual support through a mentoring program.
Location Munich: Munich as a business location and the entire region offers students and graduates the best career opportunities. German global companies such as BMW, Allianz and Siemens have their headquarters in Munich, global players such as Microsoft, Intel and Sun Microsystems and also numerous start-ups appreciate the advantages of this location.
The program is designed to provide students with a comprehensive understanding of the principles and practices of innovation and entrepreneurship. With a focus on real-world problem-solving and hands-on learning experiences, this program prepares students to become leaders in the creation and development of new ideas and businesses. Join us on a journey to unleash your creativity and entrepreneurial spirit, and be at the forefront of driving change in today's fast-paced, global marketplace."
Prof. Dr. Nadine Chochoiek
Academic Director Master Innovation and Entrepreneurship
Are you wondering why you should study innovation and entrepreneurship at Munich Business School? It's simple: Because we offer you the ideal atmosphere for your entrepreneurial venture. This was also recognized by Gründungsradar 2022. In the Germany-wide ranking of the Stifterverband, Munich Business School ranks a strong twelfth among small universities (up to 5,000 students). This makes it the best Bavarian University of Applied Sciences of this size and gives it the rating "exemplary performance" in terms of promoting entrepreneurship. MBS is among the top performers in the categories of anchoring of entrepreneurship, entrepreneurship training, and monitoring and evaluation in the promotion of entrepreneurship.
Key Facts
Master Innovation and Entrepreneurship
Career
Opportunities
What will I do after my studies? Which doors are open to me? In which professions do graduates of the Master Innovation and Entrepreneurship actually work? For an overview of the diverse career opportunities offered by the Master Innovation and Entrepreneurship, we present possible job profiles here.
What's the job?
You start your own start-up, either alone or in a team, and build it up from the initial business idea to a marketable product. In addition to product development, you will also be responsible for recruiting and managing employees, building networks and partnerships, securing financing and guaranteeing long-term growth.
The following course contents in the Master's program will prepare you for this:
What's the job?
Even in already established companies, students of the Master Innovation and Entrepreneurship are in demand. In the fields of Corporate Innovation, Corporate Entrepreneurship, Strategy or Business Development, you will act as an innovation driver, identify and develop new products and business ideas, establish an innovation culture or initiate cooperation with innovative start-ups. In this way, you will ensure the future viability of the Group.
The following course contents in the Master's program will prepare you for this:
What's the job?
You don't want to start your own start-up, but still want to be active in the start-up scene? Join an existing start-up and make an important contribution to establishing it in the market, to grow more strongly and to expand internationally. Or work in an incubator/accelerator and support start-ups in implementing their ideas, scaling up, acquiring the necessary resources and establishing contacts with investors, customers and partners. Or, as an investor, evaluate up-and-coming start-ups and help to secure their financing (private equity, venture capital).
The following course contents in the Master's program will prepare you for this:
What's the job?
You have grown up with the family business of your parents or other relatives and are now planning to join the company. For a sustainable and successful takeover, it is important to know the operative business and the areas of the company and at the same time to have an eye on the challenges of the future. With the necessary overview and foresight, you will recognize innovations, drive change projects forward and introduce them into existing structures. In this way, you will ensure the future viability of the Group in the next generation and ensure that your family business can continue to provide innovative impetus.
The following course contents in the Master's program will prepare you for this:
What's the job?
As a consultant in strategy and innovation consulting, you will advise companies and start-ups on various questions and problems. You know what needs to be considered when founding and developing a start-up, understand how companies need to change, are familiar with current technological trends and drive innovative processes, changes and decisions. For the job as a consultant, an entrepreneurial spirit is particularly required: you are innovative, curious, creative and always looking for new approaches and solutions.
The following course contents in the Master's program will prepare you for this:
Our
Master IE in Numbers
Program-specific Modules
The Program-specific Modules of the Master Innovation and Entrepreneurship prepare you optimally for your successful career in your own start-up or start-up ecosystem, in a family business, in consulting or in the innovation department of a company: In small groups, you will learn to develop your own business ideas, draw up business plans and to set up, manage and scale a start-up. In addition, you will acquire comprehensive knowledge of how to successfully identify, manage and implement innovations that enable you to operate successfully in an international context. By closely integrating current research and practical project work with innovative companies, we encourage your entrepreneurial thinking and acting so that you can contribute creatively and sustainably to finding solutions for today's problems!
Business Project
An integral part of the Master's program in Innovation and Entrepreneurship is the Business Project. On behalf of a real company, you will work together with your fellow students on a concrete, practice-relevant issue and will be able to apply and prove your skills in practice.
Core Modules
The Core Modules of the master’s program convey knowledge and skills on general topic areas of business. Courses on international management, business communication, responsible management, and your international focus – which you are free to choose – will give you an understanding of economic interrelations in a globalized and multicultural world. The courses will encourage you to engage and critically analyze a range of topics, helping you to get to grips with practical methodologies and models. The Core Modules are interdisciplinary, so that you can exchange ideas with students from other Master's programs and work together on joint projects.
Electives
You round off your profile by completing the Electives, your personal elective courses. Here you have the opportunity to enrich your Master Innovation and Entrepreneurship with an individual component, for example by taking courses on Social Entrepreneurship, Technology Trends or "Success Factor Happiness" or by working on a research project.
Sub-Modules:
Entrepreneurial Mindset and Business Design
Innovation Strategy
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Sub-Modules:
Ideation, Design Thinking & Prototyping I
Lean Startup, Usability Testing & Prototyping II
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Work independently in small teams on a real project for a startup/an established innovative company throughout semester 1 and 2:
Sub-Modules:
International Strategic Management
Organizational Behavior
Conscious Business
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Choose 1 out of 3
Gain insights into business practices and current business topics in the chosen region based on an understanding of the social background as well as the economic and political system in the respective region.
Choose 1 out of 3:
Depending on the level, learn the appropriate grammar and vocabulary skills to advance to the next level of language proficiency.
Sub-Modules:
Business Communication
Business Ethics
Negotiation Skills
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Feel a stronger sense of belonging to the MBS community by actively engaging in a variety of extracurricular offerings.
Sub-Modules:
Resource Acquisition
Innovation Branding, Marketing, & Sales
Business Planning
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Sub-Modules:
Open & Sustainable Innovation
Managing Innovation Projects
Scaling Startups
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Choose 2 out of 4:
Work independently in small teams on a real project for a startup/an established innovative company throughout semester 1 and 2:
Choose 1 out of 5:
Use case studies, business simulations, in-depth reports as well as expert knowledge to understand the complexities of the business environment in the chosen region from a cultural, economic, social, political, and legal perspective.
Choose 1 out of 3:
Depending on the level, learn the appropriate grammar and vocabulary skills to advance to the next level of language proficiency.
Sub-Modules:
Responsible Leadership
Business & Society
Master Thesis Preparation
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Feel a stronger sense of belonging to the MBS community by actively engaging in a variety of extracurricular offerings.
Have you already studied or worked in a non-German speaking country for at least one year at a time?
If so, you also have the option of completing a specialist internship in a company in Germany, Austria or German-speaking Switzerland. The duration of the internship is at least 15 weeks.
Students of the Master Innovation and Entrepreneurship have the opportunity to spend their third semester abroad at one of our numerous international partner universities. During the semester abroad you will gain extensive international experience and develop your intercultural skills. Alternatively, students can spend two semesters at selected universities and complete their studies with a dual degree.
Alternatively, you can also use the time to work on your own start-up. During the start-up project, you will be comprehensively supported and continuously coached by MBS lecturers:
Depending on the progress of your start-up idea, you will either deal with your strategy, finalize the business plan and pitch deck, establish contacts with important stakeholders, prepare your product or idea for market entry or further develop your existing start-up.
Last but not least: writing your Master Thesis
Business
Project
It's not just a theory. During the Business Project in the Master Innovation and Entrepreneurship program, you will work on a concrete, practice-relevant project over a period of two semesters on behalf of and together with a start-up, a company from the start-up ecosystem (e.g. Investor, Accelerator) or the innovation department of an established company (e.g. group, family business) in a team. This will give you a better understanding of the internal processes and structures of the start-up/company and at the same time give you the opportunity to apply and prove your acquired skills in practice. Concrete projects are, for example, the development of an international market entry strategy for a mobility start-up or the analysis of the effects of disruptive innovations for a private equity company.
With the dual degree option, you acquire an additional, specialized Master's degree from one of our partner universities.Munich Business School's cooperation with renowned international universities gives you the opportunity to acquire two different master's degrees within two years. For a dual degree, you will normally spend two semesters at MBS and then two semesters at the partner university, followed by the Master's thesis.
You have the opportunity to apply for our exclusive mentoring program. Within the framework of this program, a professionally experienced person from the circle of MBS alumni will support you with words and deeds during the hot phase of your studies, help you to achieve your career goals and provide you with valuable contacts through their network.
At the beginning of your studies, you will receive more information about our mentoring program and can apply for one of the limited places until the end of September. In October, the mentoring committee makes its decision and in November, the selected mentees meet their mentors. The mentoring meetings will take place between November 2021 and August 2022.
The study program at MBS thrives on numerous exciting guest lectures with speakers who provide a direct insight into practice and the working world. Here is a small selection from our numerous guest lectures that have already taken place in the Master Innovation and Entrepreneurship.
Guest Lecture with Gregor Gimmy from 27pilots
Munich Business School was pleased to welcome Gregor Gimmy, founder and CEO of 27pilots, for a guest lecture.
Guest Lecture from Deepa Gautam-Nigge
Gautam-Nigge, Head of SAP Next-Gen Innovation Network Munich, shared with us her insights and experiences on "Driving Corporate Innovation in the New World of Ecosystems".
Guest Lecture Michael Gröger from GERMANTECH
MBS alumnus Michael Gröger, Managing Director at GERMANTECH, gave the students an insight into how innovation can be driven in established companies.
Guest Lecture Peter Fricke from Deutsche Börse Venture Network.
Peter Fricke, Head of Deutsche Börse Venture Network, shared valuable insights into growth financing for startups.
Guest lecture Dr. Robert Börner and Dr. Benjamin Grau from Murgitroyd
Patent attorneys Dr. Robert Börner and Dr. Benjamin Grau from Murgitroyd explained how start-ups can protect their intellectual property.
Guest Lecture Daniel Rosson from Celonis
MBS alumnus and Head of GTM Strategy & Ops EMEA at Celonis Daniel Rosson used the example of Celonis, which started as a small student project, to show how to scale start-ups and develop them into global unicorns.
Guest Lecture Julian Klaiber from Munich Venture Partners
MBS alumnus Julian Klaiber, Investment Associate at Munich Venture Partners, shared with the students in his guest lecture how venture capital firms evaluate and select promising start-ups for investment.
Professor for Innovation and Entrepreneurship
Academic Director Master Innovation and Entrepreneurship
Vita
Professor for International Business and General Management
Vita
Professor for Entrepreneurship
Vita
Professor for International Business and Managerial Economics
Academic Director Master International Business
Vita
Professor for International Management
Vice Dean for Research
Academic Director Master Sports Business and Communication
Vita
Lecturer for Business Planning
Co-Founder Digital Learning Lab
Professor at Hochschule München, University of Applied Sciences
Lecturer for Innovation and Entrepreneurship
Vita
Entrepreneur and Co-Founder socialbee
CEO & Founder at Betterfront
Co-Founder Digital Learning Lab
Professor at Hochschule München, University of Applied Sciences
Lecturer for Entrepreneurial Mindset & Business Design
Vita
Managing Director HYVE Innovate GmbH
AI Strategist at appliedAI Initiative
Lecturer for Managing Innovation Projects
Lecturer for Innovation and Digital Business
Vita
Application
In order to qualify for the Master Innovation and Entrepreneurship study program, you must fulfill academic, linguistic, and to some extent professional requirements.
You may submit your application documents at any time. Since the places are limited, we advise you to apply for your desired study start as early as possible.
The main requirement for admission to the Master Innovation and Entrepreneurship study program is a successful Bachelor's degree (180 ECTS or more). Applicants with a degree in Business Studies/Management/Economics are entitled to apply for the program directly, applicants without a degree in economics can qualify for the program by completing the Pre Master Program. Upon request, we will gladly verify your documents in advance. Please contact your Program Advisor.
English Proficiency
Applicants must proof their English language skills by passing one of the following language tests:
Note: If the test is also used to apply for a visa, please check the requirements of the respective embassy in advance.
Test results can only be accepted if achieved within the last two years. If you are unable to obtain your test results before handing in your MBS application, please inform us about your planned test date.
The English proficiency test can be waived by the following candidates:
We accept applications all year round. However, we recommend that you apply as early as possible, as the number of places is limited.
Spring semester (Master International Business only)
Applicants from Vietnam, China and India should allow an extra month to apply for the relevant visas.
Winter semester
Applicants from Vietnam, China and India should allow an extra month to apply for the relevant visas.
When submitting your online application, please provide the following mandatory documents:
You may also upload the following additional documents:
*Please provide the original documents or certified copies when you gain admission and matriculate to the program.
Qualified applicants will be invited for a personal interview on site in Munich or online via Microsoft Teams (approx. 30 - 45 minutes). The interview may include the processing of a case study.
As soon as you are an admitted student, you have the opportunity to get to know MBS even better – before making your final decision whether to join Munich Business School.
Our study advisors will of course be available for all kinds of potential questions and personal consultations.
Once you have successfully completed the application process, Munich Business School will provide you with an acceptance letter as well as two copies of your study contract. Please sign one copy and return it within two weeks to secure your spot in the program. The other copy needs to be kept for your own records.
The acceptance to the study program requires an enrollment fee of 690 Euro (EU/EFTA) respectively 1,490 Euro (non-EU) and a deposit of 1.990 Euro due upon signing the study contract. The deposit will be deducted from your first tuition fee installment.
If you are a non-EU national, you are required to apply for a student visa in order start your studies in Germany. To obtain a visa invitation letter from Munich Business School, which is necessary to apply for the visa, please add a copy of your passport details page when handing in your signed study contract.
Munich Business School offers attractive scholarship programs amount up to EUR 4,000 of the overall tuition fee. (Up to EUR 2,000 on the 1st and 2nd master's semester).
If you wish to apply for a scholarship, you should include an application when you submit your overall application. You can find further information on our scholarships and financing page.
Fees
The quality of teaching and the training of sought-after professionals and managers is the focus at Munich Business School. By studying at MBS, you are making an investment in your future. You can comfortably pay the tuition fees in three semesters or 18 monthly installments.
Depending on which partner university you would like to spend your semester abroad at or if you would like to do a dual degree, additional costs may apply.
In accordance with our university values, we are willing to offer first-class and motivated applicants a study place at Munich Business School - regardless of their economic background. There are many ways to finance your studies - scholarships, BAföG, education funds, etc. Get an overview of our scholarships as well as the 100% student funding with our partner Brain Capital and find the model that suits you best. You can find further information on our scholarships and financing page.
Submit your complete online application and recieve a discount on the first semester rate.
Innovation management is the process of overseeing and implementing new ideas, products, or processes within an organization to improve efficiency, create value, or gain a competitive advantage. It involves managing the entire innovation lifecycle, from ideation and development to execution and market introduction.
Entrepreneurship is the act of creating, organizing, and running a new business venture, typically starting from a novel idea or opportunity. It involves taking financial risks, strategic planning, and innovation to launch and grow a successful enterprise.
Both fields are interconnected, as entrepreneurship often relies on innovation to create unique value propositions, and innovation management provides the tools and methodologies to develop and implement these entrepreneurial ideas effectively.
A Master of Innovation and Entrepreneurship is a graduate-level program designed to equip students with the knowledge and skills needed to develop new business ideas, manage innovation processes, and launch successful startups. The program typically covers topics such as business model development, strategic management, marketing, finance, and leadership. It combines theoretical knowledge with practical experiences, such as internships, projects, and interactions with industry experts, to prepare students for entrepreneurial ventures or innovation roles within existing organizations.
Innovation Management and Entrepreneurship are essential for driving economic growth, fostering creativity, and maintaining competitive advantage. Innovation Management focuses on developing and implementing new ideas and technologies to improve products, services, and processes. Entrepreneurship leverages these innovations to create new businesses or transform existing ones. Together, they enable organizations to adapt to changing market conditions, meet consumer demands, and create sustainable business models. This combination nurtures a culture of continuous improvement and empowers individuals to turn innovative ideas into profitable ventures.
Examples of product innovation include:
These examples showcase how product innovation can transform markets and consumer behaviors by introducing new functionalities and improving user experiences.
Innovation is a crucial element of entrepreneurship because it drives the creation of unique products and services, differentiates businesses in competitive markets, and meets evolving consumer needs. It fosters economic growth by generating new business opportunities and improving efficiency and productivity. Moreover, innovation enables entrepreneurs to solve problems creatively, adapt to changing market conditions, and sustain long-term business success. By leveraging innovative ideas, entrepreneurs can disrupt existing markets, create new ones, and achieve a competitive edge.
A Master in Innovation & Entrepreneurship in Munich is a good choice. Munich is a vibrant business hub with a strong focus on technology and innovation, offering ample networking opportunities with startups and established companies. The Munich Business School, in particular, is renowned for its high-quality programs in this field, providing a strong international orientation, practical experience, and excellent career prospects. The school's programs are highly rated in national and international rankings, underscoring their quality and effectiveness in preparing students for entrepreneurial success.
Agile Management in managing innovation and entrepreneurship involves using iterative and flexible methodologies to develop products and services. It emphasizes collaboration, customer feedback, and small, rapid releases to adapt quickly to changes and improve continuously.
Examples include:
These methods help entrepreneurs manage uncertainty, foster innovation, and bring products to market more efficiently.
According to Peter Drucker, innovation is the specific tool of entrepreneurs through which they exploit change as an opportunity for a different business or service. It involves intentional and systematic efforts to generate new ideas and transform them into profitable activities. Entrepreneurship, in Drucker's view, is about taking risks to innovate, identifying opportunities within changes, and driving economic growth through the establishment of new enterprises or the transformation of existing ones.
For more detailed information, you can refer to Peter Drucker's works such as "Innovation and Entrepreneurship" where he elaborates on these concepts.
Studying Entrepreneurship and Innovation is important because it equips individuals with the skills and knowledge to create, develop, and manage new business ventures. It fosters creativity and problem-solving abilities, enabling the identification and exploitation of new opportunities. This education supports economic growth by encouraging the creation of jobs and the introduction of innovative products and services. Additionally, it prepares individuals to navigate and adapt to the rapidly changing business environment, fostering resilience and strategic thinking essential for success in today's competitive market.
A Master in Innovation and Entrepreneurship in Germany is a good choice. Germany has a strong economy, a thriving startup ecosystem, and numerous opportunities for networking and collaboration with industry leaders. Programs in this field, such as those offered by the Munich Business School and other top universities, are well-regarded for their practical approach, international orientation, and strong industry connections. Graduates benefit from high employability, excellent career prospects, and the ability to leverage Germany's robust support for innovation and entrepreneurship.
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