Entrepreneurship and Business Design

120 credits (MSc, 2 years )

In creating a more sustainable society, ample of time and resources are invested in innovation and finding solutions to several of problems we face. To make sure promising new ideas become realized and utilized, society and the next generation of businesses need entrepreneurs who can take the lead in making this happen.
As a student you will become an expert in creating value for people, planet and organizations, turning you into an entrepreneurial key player in the utilization of innovation.

Programme description

Till programsidan4.jpgThrough real-life innovation management, venture creation and action-based pedagogy, where innovation and entrepreneurship are experienced and not only taught in classrooms, you as a student will be put in the driver's seat. You will not merely learn a topic or prepare for a career, but learn by acting, creating and reflecting. At Chalmers, you will be given the opportunity to assess innovative ideas, start companies, drive social entrepreneurship projects or work on entrepreneurial projects within and between large organizations.


In this internationally renowned programme you will be able to test and develop your entrepreneurial skills and by working close to teachers, classmates and other professionals, learn not only about innovation and entrepreneurship but also about yourself by exploring your part in the bigger picture.

Through understanding complexity and in finding both needs, problems, and solutions, you will become a key player in the realization and commercialization of ideas and innovations.  While making sure they are utilized in the best possible way, you will be bridging the gap between research and business management, while creating new value.

One of the ambitions in the programme is to co-create technology ventures. The creation of new ventures is done together with idea partners. Over the past 20 years more than 80 ventures co-founded by our students within the programme – in renewable energy, medical devices, medical treatments, and new materials, just to name a few areas. More than 70% of these startups are still running.
Students also engage in social entrepreneurship projects, work entrepreneurially within established organizations and help identify and package intellectual assets into more tangible innovation.  After the first semester the programme is divided in three different tracks and depending upon what track you choose the experiences will slightly differ. 

Action Based Educational Methods

The programme is built around an interactive, action-based pedagogy, through which you learn to manage the complexity of knowledge-based business in both simulated business scenarios and from the development of real innovation projects.

The action-based pedagogy, in combination with a large amount of team-based simulations and the high pace, ensures that you will be ready to hit the ground running after graduation, regardless of which career you pursue.

Realization/Utilization of Innovations

During the second year of the education you will be given the opportunity to try your own ability as a venture creator (Venture Creation in Bioscience and Technology tracks) work with innovation management and develop early-stage intellectual assets from R&D (Intellectual Capital Management track) or work with innovative projects within partner companies (Corporate Entrepreneurship Track). By contributing to the entrepreneurial capacity of the Gothenburg Innovation system you will play an active role in Chalmers’ ambition in the utilization of innovations, one of the university’s main goals.


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First semester – Business Creation Lab
The introduction semester, also known as the Business Creation Lab, contains the same mandatory courses for all tracks. Together, the three courses build a common ground for all students to build upon when they eventually will focus on their respective profile tracks. The subject areas presented in the courses are building blocks that are relevant for building and developing a knowledge-based business. Aspects that are covered are e.g. Intellectual Property Strategies, Innovation Strategies, and general concepts and frameworks around entrepreneurship.

In order to tie the three courses together the students work with the same business case throughout the semester. The case should simulate the start of a new venture, and course assignments are intended to be applied on the case. As the courses progress there is also progress in the simulated venture. E.g. you analyze your patent situation and formulate strategies around that, you analyze the technical components from a value perspective in order to decide where to focus your R&D, and you pitch your venture and negotiate investments.  

The simulation of creating a venture offers experiences that are relevant for all profile tracks. It trains students in working in multidisciplinary teams, it trains students in navigating through uncertainty, it trains students in the importance of working iteratively, and it serves as a good way to illustrate how management, economics, law and technology are intertwined when it comes to building knowledge-based business.

Teaching takes place as traditional lectures where subjects and tools are introduced, and then combined with exercises and teamwork assignments where you get to demonstrate your understanding of the subject. Examinations are in the form of more traditional written exams and case deliverables, but also as more reflective home exams. ​


From the second semester the track matters











Corporate Entrepreneurship (CORP) Track
The spring semester offers several recommended electives for the CORP track.  Within the programme courses in organizing for innovation and organizational behaviour are strongly recommended for the CORP students. However, the students are also free to choose other courses in engineering and management in order to create their own profile of the education. 
The second and final year is devoted to the corporate project in combination with writing a Master’s thesis. A lot of time is spent at the partner companies where the students work in teams of two, but there are also peer learning sessions scheduled at Chalmers.  Together with the management at the partner company the students will work hands-on with real and innovative projects in established organizations. Within their project they will be able to develop and reflect on entrepreneurial behaviour and skills and package it into a Master’s thesis. The challenges and partner companies vary from year to year. But the projects are of the kind that the companies find hard to drive themselves, and they are always of a strategically important character exploring new innovative opportunities. 

Intellectual Capital Management (ICM) Track
The spring semester for the ICM track consists of mandatory courses and elective courses. In terms of elective courses there are two courses in open innovation and knowledge-based business that are strongly recommended. The semester can be seen as a package where there are links and connections between the courses, similar to the Business Creation Lab. However, the courses are also open to the other tracks, and in some cases also to other programs, which means that they can be studied separately. The purpose of the spring semester is to go more in-depth into certain intellectual property rights, such as patents and brands, but also to develop business development skills in different stages of a company, through simulated exercises.  
During the second year, ICM students synthesize and apply their skills and knowledge from the first year in different ways. In the Applied ICM course students work in teams with real innovation projects across multiple contexts, including challenge-based, research-based, venture-based, and industry-based projects. This work is done in collaboration with partners from research centres, science parks & incubators, industry, and the healthcare system. In parallel there’s a theory course in Advanced Intellectual Capital Management order to prepare for the Master’s thesis. The track ends with the master’s thesis that usually is written in pairs, and in many cases combined with relevant internships. 

Venture Creation (VENTURE) in tech/bio track
The spring semester offers several recommended electives for the VENTURE track.  Within the programme courses in patent innovation engineering, creating new business, brand management and organizational behaviour are recommended for the VENTURE students. However, the students are also free to choose other courses in engineering and management in order to create their own profile of the education. The elective courses offer students opportunities to either choose from courses within the programme, or choose courses more based on their engineering background in order to have a combined edge within technology and entrepreneurship. E.g. if your background is from Biotechnology it could be interesting to look into what courses are offered from the Department of Biotechnology. As an elective course we also offer a highly interactive course focusing on organizational behavior that serves as a good preparation for managing the team during the project year. 
Within the VENTURE track the entire second year is devoted to a venture project and the Master’s thesis. Already during the second spring semester, the students have a venture evaluation and venture formation process. Teams of two or three are formed together with an idea partner. Ideas are sourced by Chalmers Ventures from university and industry research, as well as from startups and private individuals. The common trait is that the ideas should have technology or bioscience components and have a commercial potential. Combining the Master’s thesis with actual venture creation means that the thesis to a large extent builds upon the venture experience.


Programme content in detail, incl. syllabus and description of the courses

Chalmers School of Entrepreneurship

The Master's programme Entrepreneurship and Business Design is given as a part of Chalmers School of Entrepreneurship.
Chalmers School of Entrepreneurship is an environment where entrepreneurship is experienced and not only taught in classrooms. Here students work with real projects during the education and apply their knowledge, creativity and entrepreneurial ability in real settings. We combine internationally acknowledged academic education and research with real value creation in an entrepreneurial environment.
Our pedagogy can be seen as an action-based learning process with strong elements of academic reflection-in-action. To facilitate such an intense learning experience the school has championed a pedagogy that allow students to work with simulated business scenarios as well as real innovation and business projects. Chalmers School of Entrepreneurship was founded in 1997 and is an integrated part of Chalmers' strategy of being an entrepreneurial university that takes responsibility for sustainable development through innovation and entrepreneurship. The school was the highest ranked advanced entrepreneurship programme by the Swedish government in 2009.

Career opportunities

Many of our alumni continue as start-up managers for firms they have co-founded. The majority of the alumni work as entrepreneurial leaders and managers in larger corporations, often then taking on more innovative projects and developments. The abilities to embrace uncertainty, understanding complexity and willingness to drive change are highly appreciated competences. The creative and independent problem-solving ability of our alumni also make them attractive employees for business consultancy firms. 

Research & Industry connections

In order to develop innovations towards commercialization, the programme has a strong connection to most research that is conducted at Chalmers and to its extensive industrial network and expertise. Chalmers has eight areas of advance where much of Chalmers innovative research industry collaboration is coordinated. The Venture Creation track has a special role in being a venture creation hub for these areas, taking care of those innovations that are not naturally developed further by collaboration partners of Chalmers.
In addition, a valuable network of support is provided to the students through the faculty and the school’s close collaboration with the Gothenburg Innovation system and experienced entrepreneurs. Because of the strong relationship between the education and industry, many students qualify into internships with associated companies across the globe.
The faculty is engaged in research around e.g. innovation and entrepreneurship, team based entrepreneurship, entrepreneurial behaviour, social entrepreneurship, organizational behaviour, organizational renewal, intellectual property business development and action based education.

 

Department of Technology Management and Economics

 

Alternative Selection Process

Chalmers School of Entrepreneurship has a tradition of being an environment where talented individuals come together to actively engage in forming a better future. Our students are committed to identifying new innovations, to create new and improve existing companies, and to develop new and better products and services.
In order to create this environment, we have designed an admissions process where we do not only evaluate formal academic merits, but also seek potential in the individual. Additionally, we aim to understand how individuals may complement each other in order to have a good mix of students for the class as a whole. Since we focus on team-based entrepreneurship we seek a student body consisting of different educational backgrounds, different personalities, and different life experiences. Our experience and track record clearly shows that students who are willing to learn collaboratively and work hard together can accomplish great things.
We hope you will take the time and effort to produce an application demonstrating your capabilities and thus convincing us to admit you to the programme. If you succeed and are offered a spot in the end, we guarantee you two great years of learning and an experience of a lifetime.
We wish you the best of luck with your application!
 
The faculty
Chalmers School of Entrepreneurship
 
PLEASE NOTE: When applying through universityadmissions.se or antagning.se your application is made to the Chalmers Master's Programme Entrepreneurship and Business Design.
 
Step 1: Eligibility (formal application process)
Non-Chalmers students: www.universityadmissions.se
Must be submitted no later than January 15, 2019
How to apply for Master's programmes at Chalmers

Chalmers students: www.antagning.se
Must be submitted no later than April 15, 2019
Step 2: Suitability (extended application process, video presentation and personal statements)

When submitting your application through universityadmissions.se (Step 1) you will receive a message at "My pages" with a link to Step 2 in the admissions process. The message is as follows:
"Your application to the Entrepreneurship and Business Design programme (Chalmers School of Entrepreneurship) has been registered. We therefore kindly request you to send in your Step 2 application, in accordance with the instructions at the following link Chalmers Student Portal. The link will be open from mid October 2018 to January 15th 2019."

Choice of Tracks

The Programme contains three different tracks. In step 2 (the application form) you will be asked to prioritize the tracks in 1, 2 or 3 hand choice.
More information about the specific track can be found above.
 
Corporate Entrepreneurship (CORP) 
Intellectual Capital Management (ICM)
Venture Creation in Bioscience and Technology Tracks
 
In order for you to complete your Step 2 application you need to provide us with additional information:
 
  1. Personal Statements (mandatory)
  2. Résumé (mandatory)
  3. A video presentation of yourself (optional)
 
All information asked for should be submitted in English.
 
Personal Statements
 
  1. Purpose Statement - Please describe your motivation for applying for this education as well as motivating why you are a good candidate for the programme (what specific contribution will you bring to the programme, your peers, and the environment). Include a discussion of how you see yourself and significant events or experiences, in particular, team experiences, which have shaped your perspective, as relevant to the education.

  2. Vision Statement - Please present your future vision: how you intend to use the knowledge gained from the education and how you can make an impact (to others, to society). Include a discussion of key individuals who inspire you, how you aim to emulate them, and what kind of person you want to be.
Each statement has a minimum (500) and maximum (800) words.
 
Résumé
A short list of your most relevant working experiences, extracurricular activities and commissions of trust (if applicable). Maximum 5 items within each category. Include start and end period for each post.
 
Video Presentation
"Why are you a suitable candidate for this programme and the tracks of your interest?"

You should record a short video presentation of yourself, not exceeding one minute. The video doesn't have to be complicated or advanced; you can e.g. use your mobile phone to record it. The purpose of the video is to help us form an even better picture of who you are by adding a dimension to the personal statements. When you upload your video to your Youtube channel, please make sure to choose the privacy setting "unlisted" so we can access your pitch when receiving a link from you.
 
Step 3: Closing the deal (extended application process, interview)

Based on the written personal statements and the video presentation a selected number of candidates will proceed to an interview with members of the Chalmers School of Entrepreneurship's admissions committee. After the interviews, the admissions committee will make their final decision which applicants they would like to recommend for admission to the programme. The interviews will take place at Chalmers or via Skype if you are prevented to be in Gothenburg at the stated dates below:

Non-Chalmers students: February 18 and 19, 2019
Chalmers students: TBA, 2019

 

Questions concerning the admissions process

Questions relating to the general and specific entry requirements for Master's programmes at Chalmers should be directed to admissions@chalmers.se

Questions about the alternative selection process specific for Entrepreneurship and Business Design should be directed to anneli.hildenborg@chalmers.se


Published: Sat 20 Nov 2010. Modified: Mon 19 Nov 2018