The University of Wolverhampton

MScInnovation and Entrepreneurship

Why choose this course?

The programme will give you the business tools, techniques and theories which will enable you to operate effectively in a dynamic and innovative setting and provide the competencies to act entrepreneurially.

Content includes: the different theoretical concepts of innovation, practical application of innovation in terms of product, process or techniques, and the management skills required to effect the organisational change necessitated by innovation.

What happens on the course?

Typical modules include:

Creativity and Innovation in Business

This module defines the nature, scope, impact and practice of creativity and innovation in business and how they underpin enterprise.

Accounting and Financial Management

Through a thorough analysis of financial statements, company investment decisions and company financial decision making, you will be exposed to the essential elements of company finances.

Contemporary Marketing

You will explore the changing marketing environment and the challenges this poses for marketers; consider changes in customer demands, social developments and the legal and political environment; examine developments in the areas of e-marketing, sustainable marketing and social responsibility, developments and uses of marketing outside commercial organisations (eg. social marketing) and opportunities for entrepreneurial marketing.

Strategic Management

This module provides an introduction to practical techniques for identifying emerging trends in the business environment, both in a national and international context.

The Entrepreneurial Change Agent

You will study entrepreneurial change leadership, the climate and culture for change, entrepreneurial learning and opportunity creation, and planning and managing change projects.

Innovation andEnterprisein Action

This module allows you to explore diversity through innovation and enterprise resulting in diverse strategies and differing degrees of innovation and enterprise application.

You will also undertake an Independent Business Analysis Project, which runs throughout your course.

Why Wolverhampton?

The MSc Innovation and Entrepreneurship is designed to be relevant for managers and technical specialists working in an entrepreneurial environment, where your role is directly concerned with innovative activities and developments.

During your studies you will have the opportunity to engage in a number of activities outside of normal teaching these may include guest lectures, visits to companies or residentials. These activities are designed to enhance your knowledge, understanding as well as enjoyment of your course.

By virtue of its workplace-based learning, you can undertake the course if you are unable to attend conventional campus-based classes because of workplace commitments or flexible working patterns. Online learning facilities enable you to study from outside the local area or if you spend occasional periods abroad.

Career path

The MSc Innovation and Entrepreneurship will enhance your academic and professional skills and understanding, enabling you to accelerate your career within the organisation or, alternatively, seek employment in another organisation at a higher level. Specifically, the programme will introduce you to the different theoretical concepts of innovation, and to the practical application of innovation in terms of products, processes or business techniques.

What skills will you gain?

On successful completion of this course you will be able to:

  1. Critically evaluate theories of entrepreneurship, innovation and creativity and their role in the establishment and development of new enterprises and high growth businesses.
  2. Evaluate and apply theories relating to and underpinning the functional and operational aspects of finance and marketing required in entrepreneurial businesses.
  3. Develop and justify strategies for commercialising innovative products or business processes in a national and international context, and present business plans in a persuasive and authoritative manner.
  4. Evaluate the potential for change initiatives when implementing new strategies within an organisation.
  5. Critically evaluate the necessary skills, capabilities and characteristics of entrepreneurial change agents.
  6. Synthesise relevant critical thinking through the completion of an independent business analysis project which demonstrates originality and innovation in problem solving.

Entry requirements

  • A first or second class undergraduate honours degree from a UK university or overseas equivalent, or a professional qualification and/or experience considered to be equivalent to the above.
  • A reference from a tutor who has supervised your undergraduate studies, or your employer;
  • If English is not your first language, an IELTS score of 6.0 or above or evidence of English proficiency equivalent to the above.
  • You may apply for accreditation of prior learning (APL) subject to the guidelines set out in the UWBS APL Handbook. APL includes accreditation of prior certificated learning and /or accreditation of prior experiential learning.
  • The course design includes a significant amount of work-based learning, and consequently you must currently be employed and provide evidence that your employer will cooperate in terms of providing appropriate learning opportunities.
  • Applications are also welcome from individuals who do not possess the above qualifications but who have significant management experience and are able to demonstrate previous non-certificated learning equivalent to the above. In such cases, admission to the programme will be based on an evaluation of the applicant’s ability to continue to benefit from and achieve the award.

Course fees and finance

2016/7 Home/EU International
Full time £9,800 £12,470
Part time £4,480

These fees are applicable for new entrants in 2016/7. Fees are for the academic year only, any subsequent years may be subject to an annual increase, usually in line with inflation.

Postgraduate Loans: A new system of loans for taught and research Masters courses for students resident in England is being introduced from September 2016. The loans will provide a non means-tested loan of up to £10,000 for Masters degrees in all subject areas and modes of study. More information can be found at

Professional and Career Development Loan: The University is a Professional and Career Development Loans (PCDL) registered Learning Provider, registration number [4413]. A PCDL is a commercial bank loan that you can use to help pay for work-related learning. For further information on financial assistance to support your learning, please visit the GOV.UK website or contact the National Careers Service on 0800 100 900.

Charitable Funding: You might also want to explore the possibility of funding from charitable trusts; please see the following websites, or Most charities and trust funds offer limited bursaries targeted to specific groups of students so you will need to research whether any of them are relevant to your situation.

University Postgraduate Loyalty Discount: The University also offers a postgraduate loyalty discount ( If you have completed an undergraduate degree at the University of Wolverhampton, you may be eligible for a 20% discount on the first year of a taught postgraduate programme.

Financial Hardship: Students can apply to the Dennis Turner Opportunity Fund ( for help with course related costs however this cannot be used for fees or to cover general living costs.

If you are paying for the fees yourself then the fees can be paid in 3 instalments: November, January and April. More information can be found at


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