Entrepreneurship and Business Design, MSc

120 credits (2 years)

The Master's programme Entrepreneurship and Business Design is also known as Chalmers School of Entrepreneurship. This is an environment where entrepreneurship is experienced and not only taught in classrooms. Here students work with real venture projects during the education and apply their knowledge, creativity and entrepreneurial ability in real settings. We combine an internationally acknowledged academic education and research with real value-creation in an entrepreneurial environment.

Entrepreneurship and Business Design​ master's at Chalmers​​

The Master's programme Entrepreneurship and Business Design has 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 allows students to work with simulated business scenarios as well as real technology innovation and business projects. Chalmers School of Entrepreneurship was founded in 1997 and is an integrated part of Chalmers' strategy for being an entrepreneurial university that takes responsibility for sustainable development through innovation and entrepreneurship.  ​

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

One of the goals of 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 have been 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.  

Location: Campus Johanneberg/Chalmers E-village

Action Based Educational Methods

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

The action-based pedagogy, involving team-based processes at a high pace as well as independent decision making, ensures that you will be ready to hit the ground running after graduation, regardless of which career you pursue.

Three tracks to realize innovations​

During the second year of the education you will operate within your chosen track (see more below). You can be given the opportunity to try your own ability as a venture creator (TECH – Technology Venture Creation track), work with innovation management and business creation based on intellectual assets and property (ICM – Intellectual Capital Management track) or work with innovative and intrapreneurial projects within partner companies (CORP – Corporate Entrepreneurship Track). By contributing to the entrepreneurial capacity of the Chalmers and Gothenburg Innovation ecosystem you will play an active role in Chalmers’ ambition in the utilization of innovations, one of the university’s main goals, besides receiving a Master of Science degree.

Video - Watch a clip about the programme
Video - Watch clips about the three tracks


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

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 develop from when they later focus on their respective profile tracks. The subject areas presented in the courses are foundationally relevant for building and developing a technology-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 technology-based business case throughout the semester. The case simulates the start of a new venture, and the majority of course assignments are applied through the case, which is based upon a real-life patented technology. As the courses progress, the simulated venture follows along. E.g. students analyze the patent situation and formulate strategies, connecting to the technical components from a value perspective, in order to decide where to focus the R&D, and then ultimately pitch the 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 technology-based business.

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


The second semester​

Corporate Entrepreneurship (CORP) Track

The second semester offers several recommended electives for the CORP track and one that is mandatory (Idea Evaluation).  Within the programme, courses in organizing for innovation and organizational behaviour are strongly recommended for the CORP students. However, you are also free to choose other courses in engineering and management in order to create their own profile within the education. During the second semester, you will also have a partnership evaluation and team formation process linked to the mandatory course Idea Evaluation

The second and final year is devoted to the corporate project in combination with writing a one-year master’s thesis (60 credits) linked to a corporate partnership. You will spend a lot of time at the partner companies and work in teams of two, but there are also lectures, workshops and peer-learning sessions scheduled at Chalmers. Together with the management at the partner company, you will work hands-on with real and innovative projects in established organizations. Within your project, you 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 second semester for the ICM track consists of mandatory courses and elective courses. The mandatory courses Patents and Innovation Engineering and Brand Management create an understanding of the critical role intellectual assets and intangible objects play for innovation management and technology-based business creation. The elective courses Management of Open Innovation and Network-based Markets and Knowledge-based Business Development and Management further train your capabilities of building sustainable business and innovation projects through an interplay between theory and practice using scientific literature, business cases and action-based pedagogy modules. The two latter courses are also open to the other tracks, and in some cases also to other programs, which means that they can be studied separately. 

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, you will work in teams with real innovation projects across multiple contexts including industry-based, research-based, venture-based and challenge-based projects. This work is done in collaboration with partners from industry, research centres, science parks & incubators, and the healthcare system. In parallel, there’s a theory course in Advanced Intellectual Capital Management in order to prepare for the Master’s thesis. During the last semester, you will write your master´s thesis - usually in pairs. In many cases, the master´s thesis work is combined with relevant internships in industry, science parks & incubators, healthcare system etc. 

Technology Venture Creation (TECH) Track 
The second semester offers several recommended electives for the TECH track and one mandatory (Idea Evaluation).  Within the program courses in patent innovation engineering, creating a new business, brand management and organizational behaviour are recommended for the TECH students. However, you can choose other courses in engineering and management in order to create your own profile within the education. The elective courses will offer you opportunities to either choose from courses within the programme or choose courses more based on your 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 behaviour that serves as good preparation for managing the team during the project year. 

Within the TECH track, the entire second year is devoted to a venture project and the Master’smaster’s thesis. During the second semester, you will have a venture evaluation and venture formation process linked to the mandatory course Idea Evaluation. 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 large firms, startups and private individuals. The common trait is that the ideas should have technology or bioscience components and have commercial potential. Combining the Master’smaster’s thesis with actual venture creation means that the thesis in large builds upon the venture experience.


Career opportunities

Many of our students continue as start-up managers for firms they have co-founded. The majority of them work as entrepreneurial leaders and managers in larger corporations, often than taking on more innovative projects and developments. The abilities you will gain in this programme, for example being able to embrace uncertainty, understand complex issues and drive change are highly appreciated competences. The creative and independent problem-solving ability you will gain in this programme will also make you an attractive employee 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 industry network and expertise. The TECH 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. 

The ICM track offers mapping and analysis of intellectual assets within innovative research areas. The CORP track helps companies pursue and learn from more disruptive innovation project. 

In addition, a valuable network of support is provided to our 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 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 illustrates that students who are willing to learn collaboratively and work hard together can accomplish great things.

PLEASE NOTE: When applying through universityadmissions.se or antagning.se your application is made to the Chalmers Master's Programme Entrepreneurship and Business Design.

NBStep 1 and 2 of the alternative selection process share the same deadline
This programme will not accept any late applications. 
Make sure to prepare well in advance for the alternative selection process by reading the information below.

In the steps 2 and 3 the programme will communicate with the applicant via e-mail. The e-mail address will be the one stated by the applicant in step 1 (the formal application) at universityadmissions.se or antagning.se. 

Step 1: Eligibility (formal application process)
Non-Chalmers students: www.universityadmissions.se
Must be submitted no later than January 15, 2021

Chalmers students: www.antagning.se
Must be submitted no later than April 15, 2021

Step 2: Suitability (extended application process, personal statements and résumé)

When submitting your application through antagning.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 PortalThe link will be open from October 16th 2020 to January 15th 2021."
(The time frame in the message above does only apply for non-Chalmers students​.)


Choice of Tracks 

The programme has 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 at the programme description above.
 
Corporate Entrepreneurship (CORP track) 
Intellectual Capital Management (ICM track)
Technology Venture Creation (TECH track)
In order for you to complete your Step 2 application you will need to submit additional information in English: 
 
  1. Personal Statement (mandatory)
  2. Résumé (mandatory)
 

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 (650) 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.
 

Step 3: Closing the deal (extended application process, interview)

Based on the written personal statements a selected number of candidates will proceed to an interview with members of the Chalmers School of Entrepreneurship's admissions committee. (The admissions committee will allocate an interview time slot to the applicant.)

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 digital platforms if you are prevented to be in Gothenburg at the stated dates below.


Non-Chalmers students: February 22-24, 2021
All interviews will take place via digital platforms.

Chalmers students: May 3-5, 2021
Information about whereabouts for the interview TBA.

 

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​​


​​Student interview 

“I feel that this degree will open many doors”
Tamara, Australia, Entrepreneurship and Business Design​

​Chat with Tamara ​

Why did you choose this programme?
– In Australia, I completed a business degree where shortly after I opened a business of my own. I chose the Entrepreneurship and Business Design Masters as I wanted to conceptualise and build upon my experiences. In my second year, as part of the Corporate Entrepreneurship Track, I have the opportunity to spend a year working on an innovation project at a large corporation where I look forward to the intense learning curve

What have you been working on?
– My first semester was characterised by the Business Creation Lab. Instead of following a linear semester structure, the Business Creation Lab meant that we had three intertwined subjects where we worked in the same group throughout the whole semester. We were given a set of patents where we then needed to choose an application, analyse the potential of the application in the market from a financial and intellectual property perspective, and then create a business plan based on the above.

What do you like the most about your programme?
– The aspect of the programme that I have enjoyed the most has been the people. My class is so diverse not only in terms of educational backgrounds but also in life experiences and it has been great getting to know them so far! The education itself has also been really rewarding and has definitely exceeded my expectations; I have learnt so much in a very short period of time.

What do you want to do in the future?
– I feel that this degree at Chalmers will open many doors upon graduation but I do hope to have my own business someday where I will be able to create value and make a positive impact on Swedish society. 

Published: Tue 01 Dec 2020.