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MSc Entrepreneurship and Innovation

With a strong focus on the practical application of theory, this programme equips able business and non-business graduates with the knowledge and skills they will need to be more innovative and enterprising in their future careers.

About The Course

An entrepreneurial mindset and the ability to think ‘out-of-the-box’ are highly prized by employers and investors alike. Whether you want to develop a new business or re-energise an existing business through innovation and entrepreneurship, this course will equip you with the knowledge and skills to shape a successful and rewarding future career. You will learn how to identify and assess opportunities, acquire key resources, and simultaneously manage organisational operations, transition and growth.

We offer the ideal environment for aspiring entrepreneurs, emphasising theoretical rigour and practical experience. You will benefit from academic excellence, broad business networks and cutting-edge models delivered by leading professors. Our innovative modules include design thinking, leadership, and entrepreneurial lab modules, some of which are often presented as workshops. 

There is a real opportunity to develop a new business idea with support from our enterprise centre and mentoring and advice from our 50+ Entrepreneurs In Residence.

Key Facts

12-month course, starts in October

Designed for entrepreneurial graduates looking to gain specialist knowledge of entrepreneurship and innovation.

Course Content

Discover the topics you will study on the MSc Entrepreneurship and Innovation.

The programme begins with an induction week during which you learn more about the various elements of the programme and the facilities available within the School and University. You also take part in teamwork exercises and other academic and social activities designed to help you get to know one another before the formal part of the programme. In the first term, you take the following modules:

  • Building Competitive Advantage

    This module is concerned with the critical choices that organisations face in order to survive and gain sustainable competitive advantage in an international environment with rapid economic, regulatory and technological changes. To understand and critically evaluate these choices and their strategic dimension requires analysis of the environment in which multinational enterprises operate as well as the creation of know-how value at a business and corporate level.

  • Business Planning and Finance

    The aim of the module is to introduce you to the process of conceptualising and preparing for the launch of an entrepreneurial project or venture. Specific skills that you will develop throughout this module include market research and analysis, sales forecasting, the development of financial statements, and an integrated view of all aspects of the complexities of operations.

  • Design thinking and innovation

    In this module you will learn how to combine creativity and innovation to solve problems, to develop innovations, and to start successful businesses. You will be introduced to design thinking and human centred design approach. Classical and contemporary innovation concepts will also be given to provide a solid foundation for your understanding.

  • Entrepreneurial ideas and skills

    In this module, you will learn about entrepreneurs and entrepreneurship and how the power of entrepreneurial behaviour can benefit a range of economic, social and environmental challenges. The module is designed to be practical covering many activities related with ideas and skills development. In this module, you will be guided by Lancaster University’s Enterprise Centre to nurture your entrepreneurial skills.

During your second term from January to March, you will take the modules as below.

  • Corporate entrepreneurial mindset

    The module will provide foundations to develop entrepreneurial mind-set in the context of corporate level. In this regard, it entails various entrepreneurial activities on multiple levels including the individual, team, or organizational level. This module is a theory-led and practice-oriented. It provides you with knowledge useful for anyone aiming at working (or researching) in the field of corporate innovation and entrepreneurship or at pursuing an entrepreneurial career.

  • Entrepreneurial lab

    This module gives you the skills to develop, launch and manage an entrepreneurial project. Working with other students you will be challenged to solve entrepreneurial and innovation problems as ewll as developing your own ideas.

  • Family Business Management

    In this module, you will learn how to work entrepreneurially and professionally in family firms in order to achieve long-term growth and performance. The module combines formal lectures, talks from international guests, and a bi-weekly Case Study Lab where you will interact with family business leaders and consultants to address real family business cases.

From May to July you work solely on your Masters dissertation, with support from your dissertation supervisor. You will submit it at the start of September, at the end of your Masters programme.

  • Research Project

    You undertake a sustained piece of independent research which you then write up for your dissertation. The Research Project is the culmination of your studies and allows you to develop a project around your own interests. You can choose between a company project, a business plan or a research project. You will have an academic supervisor or entrepreneur in residence to guide and advise you on the development of your work.

  • Researching Entrepreneurship, Strategy and International Business

    This module aims to provide a broad overview of qualitative and quantitative approaches as used in management research, together with an understanding of the different research paradigms. This module prepares you for the independent research you will undertake for your final research project.

  • Strategic Purpose and Leadership

    Most organisations invest vast amounts of resources in defining and redefining their identity. Occasionally, however, organisations lose their sense of identity and purpose. This module seeks to explore the influence of leadership on an organisation’s purpose. Purposes are seen to be focused on an orientation that provides value within the organisation and beyond. Students will be engaged in critically and reflectively examining the purpose and role(s) of values, leadership responsibilities, and stakeholders, sustainability and ethics.


The Careers Team at LUMS helps you shape your career plans and supports your job-hunting process in a variety of ways, including personalised one-to-one support and interactive workshops on areas such as career strategies, writing CVs and applications, interview skills, psychometric testing, what to expect at assessment centres, and online networking strategies.

Learn more


Our programme-specific scholarship for 2019 entry include the Academic Excellence, UK-EU and International scholarships aimed at high-achieving students with a strong academic or personal profile. We'll automatically consider you for these scholarships when you apply and if you are shortlisted we'll be in touch with the next steps, so it's best to apply as soon as possible. We also offer other scholarships - visit our Apply for Masters page to find out more.

Apply for Masters

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