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Entrepreneurship and Innovation

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Entrepreneurship and Innovation

MSc

The closing date for applications to start this course in September 2024 has now passed. Further detail here.

Course options

Key information

Duration: 1 year full time

Institution code: R72

Campus: Egham

UK fees*: £14,800

International/EU fees**: £23,900

Key information

Duration: 2 years full time

Institution code: R72

Campus: Egham

UK fees*: £16,100

International / EU fees**: £26,100

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The course

Entrepreneurship and Innovation (MSc)

This course is designed for individuals who wish to pursue a career as an entrepreneur, whether that be starting a new organisation or developing entrepreneurial and innovative projects within existing organisations. You will be equipped with specialist and in-depth understanding of entrepreneurship and innovation together with practical skills, enhancing your employability.

The course draws upon the highest level of theory and practice in this field and builds on the extensive research and teaching expertise of academics within the School of Business and Management. The content of this course is continually updated to reflect contemporary issues and areas of interest, such as family business management, entrepreneurship and consultancy, and social entrepreneurship.

On graduating you will have a critical understanding of entrepreneurship and innovation research, an appreciation of the impact of entrepreneurship and innovation and the processes and practices at every level. You will look at venture creation, innovation, consultancy, financial planning, entrepreneurial marketing, social entrepreneurship and family business management.

Our course is enriched with the knowledge and expertise shared by our visiting speakers which include entrepreneurs running successful and in many cases, highly innovative business.

As a student of the School of Business and Management you will join an intellectually stimulating, friendly and supportive research environment and, through working closely with our expert and experienced academic staff, you will be in a position to realise your potential. 

Reasons to choose Entrepreneurship and Innovation MSc at Royal Holloway: 
  • Excellent position to be a successful business owner or manager by gaining a deep understanding of entrepreneurship and innovation, coupled with a practical set of skills and the beginning of an effective business network.
  • Flexibility to tailor your studies to suit your specific areas of interest, such as marketing communications, e-business and accounting..
  • Latest thinking and exciting intellectual challenges provided by academics who are at the frontiers of their subjects.

From time to time, we make changes to our courses to improve the student and learning experience. If we make a significant change to your chosen course, we’ll let you know as soon as possible.

Core Modules

  • This module will introduce you to the basic theories and practices related to business planning and the entrepreneurial start-up process. You will look at the discovery of business opportunities, the development and assessment of business ideas, the formation of founding teams, and how to preparare a business plan.

  • In this module, you will critically analyse and gain systematic understanding of subject specific knowledge, theories, concepts, and frames that underlie corporate entrepreneurship and its relationship with innovation. In particular, the role and importance of management tools and techniques; strategy and competitive advantage; creativity and innovation will be explored. Digital tools to search, analyse and manage information responsibly will incorporated and you will learn to perform professionally as an entrepreneur and to influence effective teamwork.

  • In this module, you’ll gain an understanding of the theoretical underpinnings and development of both entrepreneurship and innovation and will learn to evaluate sources and strategies of innovation for competitive advantage.  It contains two halves; The first half introduces contrasting perspectives on the practice of entrepreneurship by considering the contribution of several influential theorists and the second half of the module develops an understanding of the key debates and businesses challenges within the fields of both entrepreneurship and innovation and how these impact upon opportunity seeking and resource allocation within the firm.

  • In this module you will develop your analytical research skills so that you are better prepared for your dissertation project. You will look at approaches to management research and the assumptions upon which they are based, and consider how to critically evaluate primary and secondary data sources. You will examine how to choose appropriate quantitative and qualitative research methods for data collection and subsequent analysis, and how to conduct research in a systematic and critical reflective manner. You will also analyse the ethical implications of research investigations and their impact upon findings.

  • In this capstone module you will be given a topic, drawn from current issues faced by businesses, and you will be expected to identify and select an organisational or industry context. You will expected to undertake a substantial review of secondary sources, comprising both academic journals and industry publications. Using relevant market research techniques, you will undertake a substantive and unique primary research study, providing a critical analysis with key insights. You will be asked to make justified and feasible managerial suggestions, prepare an executive summary, and deliver a presentation to communicate your findings.

Optional Modules

There are a number of optional course modules available during your degree studies. The following is a selection of optional course modules that are likely to be available. Please note that although the College will keep changes to a minimum, new modules may be offered or existing modules may be withdrawn, for example, in response to a change in staff. Applicants will be informed if any significant changes need to be made.

  • This module explores the role played by technology entrepreneurship, like identifying emerging technologies, launching- and growing firms, regional economic development and selecting the appropriate stakeholders for effective commercialisation. You’ll be introduced to the management tools and frameworks needed for successful exploitation of technology-based opportunities and will develop a theoretical understanding of the process of market opportunity identification, evaluation and planning in the context of new technologies. Areas around value proposition design, business model construction, intellectual property protection and securing a sustainable advantage will be explored.

  • In this module you will develop an understanding of the role of business in modern society from an ethical perspective. You will look at different types of business, including publicly traded multinationals, small and medium-sized enterprises, social enterprises and family firms. You will examine the issues in these organisational types and articulate moral arguments from a range of perspectives, critiquing alternative models of business, including social entrepreneurship, fair trade and microfinance.

  • In this module you will develop an understanding of the challenges and opportunities of small and medium-sized enterprises (SMEs). You will consider family businesses as a distinct type of organisation, looking at their strengths and weaknesses. You will examine the prevalence and economic contribution of family firms, as well as issues of governance, strategic management, succession, change and transgenerational value creation, and relationships and conflicts between family members.

  • This module seeks to provide students with knowledge of the key aspects involved in the entrepreneurship process. The module will provide students with an understanding of how to start and grow a new venture. Emphasis is given to introducing students with an understanding of how to develop and translate entrepreneurial ideas into achievable opportunities. The module examines the nature of business planning and covers various aspects of successful new product development such as product development, idea identification and market segmentation, product specification and life cycle, market positioning and sales planning, as well as exploring business modelling and pricing. The module also introduces students to assembling different resources such as people, finance and investment, together with developing strategies for growth, exit and failure.

The courses are interactive, usually offering a lecture-style background of key theories and principles in the first part, and more practical activities, exercises and group discussions in the second part of the lectures. Guest lectures are invited in different classes to give students a real-world experience on entrepreneurship. Participation from students in the classroom is a key principle for learning.

Outside the classroom, in the Autumn Term we organise a field trip to an entrepreneurship hub, and in the Spring term we organise a field trip to a small business. These provide more opportunities to visit and learn from real entrepreneurs in their environment, giving more opportunities to advance their ideas after their studies. In addition, entrepreneurship activities from student societies on campus could be integrated in the teaching process to bridge theory and practice. 

Assessment

Assessment is carried out by a variety of methods. In the classroom, you will engage in a number of activities, simulations, case-study discussions and presentations where you will receive instant feedback from your lecturers.

Formal assessments include coursework in the form of individual or group assignments, but also presentations, posters, or digital media content creation depending on the course. Examinations are towards the May exam period and in-class test could take place during the last weeks of each course.

After the teaching term, students will be allocated a supervisor that will guide them through an Independent Business Research Project. The year-in-business students will be allocated a mentor that will follow their progress and work, assisting them in keeping a log and writing a similar final project. This final project gives an opportunity to test learn concepts and ideas in practice in a real business context via research and analysis. 

2:2

UK Honours degree or equivalent.
Candidates with substantial and relevant professional qualifications or professional experience in an associated area will also be considered.

International & EU requirements

English language requirements

  • IELTS: 6.5 overall. No subscore lower than 6.0.
  • Pearson Test of English: 61 overall. Writing 61. No other subscore lower than 54.
  • Trinity College London Integrated Skills in English (ISE): ISE III.
  • Cambridge English: Advanced (CAE) grade C.
  • TOEFL iBT: 88 overall with Reading 22 Listening 20 Speaking 22 Writing 24.
  • Duolingo: 120 overall and no sub-score below 115.

On graduating with a Masters degree in Entrepreneurship from Royal Holloway you will be highly employable and have a variety of career paths available, including: product development/research, business planning, growth and operations/strategic management in existing businesses, creating new businesses, providing business support and advice or specialising in entrepreneurship policy, research and education. You will also have a solid foundation to continue PhD studies.

“My degree has given me a solid theoretical framework with practical skills and the confidence to be my own boss” Kola Akinola,Founder of Travelsoul and Co-founder of Savvykids, (MSc Entrepreneurship)

Postgraduate students from our School of Business and Management have gone on to roles in a variety of companies including Amazon, Tesco, Accenture, Ogilvy, KPMG, Boehringer Ingelheim, Bloomberg LP, Ocado Group, HSBC, Fuji film, Huawei, Deutsche Bahn and Qatar Airways.

Home (UK) students tuition fee per year*: £14,800

EU and international students tuition fee per year**: £23,900

Other essential costs***: There are no single associated costs greater than £50 per item on this course.

How do I pay for it? Find out more about funding options, including loans, grants, scholarships and bursaries.

* and ** These tuition fees apply to students enrolled on a full-time basis in the academic year 2024/25. Students studying on the standard part-time course structure over two years are charged 50% of the full-time applicable fee for each study year.

Royal Holloway reserves the right to increase all postgraduate tuition fees annually, based on the UK’s Retail Price Index (RPI). Please therefore be aware that tuition fees can rise during your degree (if longer than one year’s duration), and that this also means that the overall cost of studying the course part-time will be slightly higher than studying it full-time in one year. For further information, please see our terms and conditions.

** This figure is the fee for EU and international students starting a degree in the academic year 2024/25. Find out more 

*** These estimated costs relate to studying this particular degree at Royal Holloway during the 2024/25 academic year, and are included as a guide. Costs, such as accommodation, food, books and other learning materials and printing, have not been included.

Accreditation

Association to Advance Collegiate Schools of Business

This course is accredited by the Association to Advance Collegiate Schools of Business (AACSB). This means your qualification is recognised in the industry, giving you a competitive edge when applying for jobs.

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