Innovation Management and Entrepreneurship
How to make ideas and concepts become tangible products and businesses
Why take this course?
This exciting Master’s course will provide you with the knowledge and understanding to develop and launch new products and services, manage small enterprises and generate new ideas and opportunities. It will equip you in your future career to create an entrepreneurial environment that will facilitate innovation and stimulate growth.
This is the ideal course if you are seeking a career where innovation, entrepreneurship and creativity are defining key features. Roles such as these can be found in large organisations, in small to medium-sized enterprises (SMEs) and in start-up businesses.
What will I experience?
On this course you can:
- Gain relevant skills such as business planning, developing and marketing new products and financial management
- Benefit from our current research, consultancy projects, external guest speakers and live case studies
- Learn from our long history of expertise in this area - Professor Paul Trott's book "Innovation Management and New Product Development" is now in its 5th edition and is recommended reading for students all over the world
- Tap in to all the resources available to students who are actively involved with entrepreneurial business activities through our Student and Graduate Enterprise Team.
What opportunities might it lead to?
The understanding gained through your studies will differentiate you within the employment market. Research has revealed that many managers have little confidence in their ability to successfully manage innovation and product development. The insights you will gain from this course will therefore provide you with a competitive advantage in the workplace.
Despite my non-business background, the interdisciplinary approach of the course allowed me to gain a rigorous understanding of the very new field of Innovation Management and to build a portfolio of unique and valuable skills that boosted my CV.
Valeria Dammicco, MSc Innovation Management and Entrepreneurship student, 2015-16
or apply now
- 1 year full time, 2 years part time
- 2018 entry requirements
- A second-class honours degree in a relevant subject, or equivalent professional experience and/or qualifications. English language proficiency at a minimum of IELTS band 6.5 with no component score below 6.0.
UK/EU/Channel Islands and Isle of Man students
2017/18 entry: full time: £6,400, part time: £3,200 p/a*
2017/18 entry: full time: £13,300, part time: £6,650 p/a*
*Tuition fee is subject to annual increase.
+44 (0) 23 9284 2991
- Strategy, Enterprise and Innovation
- Programme specification
Structure & Teaching
This course will provide a contemporary understanding of innovation management and entrepreneurship concepts, theories, models and analytical frameworks, and their application in the development of appropriate business policies and strategies.
This first teaching period develops your understanding of the following subjects and supports you in your development.
Innovation Management and New Product Development
- What is innovation?
- Innovation at a national and international level
- Models of innovation and product development
- Processes involved in the development of new products and services
- Generating new product opportunities and ideas
- Understanding computer aided design and manufacture
Entrepreneurship Theory and Practice
- Understanding entrepreneurship
- Basics of entrepreneurship and the management of SMEs
- The role of entrepreneurship and entrepreneurs in both small and large organisations
During the second teaching period you will build on your general understanding and focus on key aspects of innovation management, new product development and entrepreneurship.
Innovation Management and Intellectual Property
- Enhancing competitiveness
- Protection of new products, trademarks and designs through intellectual property
- Product innovation and development at operational and strategic levels
New Product Development
- Developing and testing a new product concept
- Targeting and positioning new products within the market place
- Managing mature products and product replacement
- The marketing mix
Entrepreneurship Theory and Practice
- The management and development of new enterprises from both a theoretical and practical perspective (with particular focus on small enterprises)
- Business planning for small and large organisations
- Scenario planning
- Financing business operations, particularly new business start-ups
- Formation of corporate and social enterprises
During this period you will specialise in a subject area of your choice through your dissertation project.
You will be provided with research methods training over the autumn and spring teaching periods, providing you with the ability to critically evaluate management research and to plan effective research projects.
The dissertation enables you to deepen your understanding of an aspect of innovation management or entrepreneurship. Many students choose to investigate topics that they intend to focus on in the next stage of their career. For some students this will provide them with the opportunity to carry out intensive research pertinent to a venture they wish to establish following their graduation.
Teaching and Assessment
Our friendly and supportive environment uses formal lectures, workshops, and seminars to provide the basis for the development of relevant knowledge, further enhanced by activity-based case studies. We utilise both theory and practice-oriented teaching. Teaching and learning is through weekly half-day sessions, depending on whether you are taking the course full or part-time.
How are you assessed?
For each unit you will be assessed in a way that will deepen your knowledge of the subjects covered. This will involve you thinking and working in an original way to overcome genuine problems. At the end of the course you will also complete a dissertation which can be related to your workplace, your future career, or a desired business venture.
Dr Chris Simms
Business and Management
This is an exciting course that will develop your entrepreneurial skills, and provide you with a unique insight into how established companies and new ventures can become more innovative.
Facilities & Features
You will benefit from web, email or phone access to many of our facilities and services. Our student website will be your one-stop shop for all news, information and links to other services, and 24/7 online access to the University Library’s vast electronic book, journal and database collections will help you find the right resources for your research.
We aim to provide you with as much support as possible. There are tutors available to support your studies via online tutorials, email and telephone conferencing. You will also be assigned a personal tutor who will offer support and guidance throughout your studies.
Modern, comfortable and a great learning environment, our library offers a wealth of information including 400,000 books, DVDs, maps and thousands of online ejournals and newspapers. Many electronic resources are available anywhere, 24/7 and our friendly staff are always on hand to help.
Budgeting for your studies
There may be extra costs arising from your studies which you will need to consider when planning your expenditure.
Some are common costs to all courses of study. These may include the cost of study texts, reference books, photocopying and computer supplies. Others relate to specific courses and may include field trips, materials and specialist equipment.
Careers & Opportunities
This course enables you to pursue a broad range of management careers in the private and public sector. In particular, we aim to enhance your career prospects and prepare you for roles in innovation management, entrepreneurship, and the management of small enterprises. You will develop your understanding of the value and contribution innovation can make to a variety of consumer, business, national and international markets and across industry sectors.
On completion, you might expect to gain senior management roles in a range of functions including marketing, new product development, innovation, research and development, technology, engineering, project management, administration and the arts. More generally, it may be of interest to those wishing to work in business, manufacturing, healthcare and knowledge management. It is also ideally suited to you if you are working or looking to develop a career in a small business or even consultancy-based roles.
One of the benefits of studying at Portsmouth is the support that we provide to our Master's and Research Degree students in career planning. Our careers and recruitment service can assist you in career research and finding employment opportunities. Help is also available if you wish to find a part-time job while studying your degree.
We offer our postgraduate students and alumni one-to-one appointments with a careers adviser, or an online service for those not able to travel back to the University. Our alumni can call on our career services for five years after graduation.
In addition, regular employability events offer you the chance to meet employers, find out about different career sectors and improve your applications or CV. The Graduate Summer Programme provides a range of guidance and employability seminars and workshops.
Benefits of Postgraduate Study
Regardless of whether you are seeking to build on your studies, further your career or pursue a career change, a postgraduate qualification adds to your achievement record.
- Postgraduate study may greatly improve your chances of getting that first break.
- Many graduate employers prefer the higher intellectual rigour displayed in postgraduate students.
- Recruiters for roles requiring specialist knowledge or research particularly target those with higher level qualifications.
- Postgraduate study shows you can take the challenge of in-depth study; acquiring transferable skills in team working and problem solving techniques.
- If you have a passion for a particular subject, postgraduate study can also be something undertaken as part of your own development at an appropriate time in your life.
Following graduation from this course I was fortunate to be offered a job in the Innovation and Brainstorming sector.
Thomas Gkilias, MSc Innovation Management and Entrepreneurship graduate
Visit us or apply now
Online application form
Apply direct using our online form
Your application will be received by the University's Admissions Team before being transferred to individual departments for consideration and processing.
Postgraduate Information Days
We will confirm the dates of events related to 2018 entry soon. Visit the link below to get a reminder when booking opens.
Other opportunities to visit
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If you are unable to visit us, contact the admissions team – see the 'Key Facts' section above for contact details.
Fees and Funding
Find out more about fees and funding available to you at Portsmouth.