Management and economics of innovation, MSc

120 credits
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In the modern economy, knowledge has a unique value of its own. Especially in technology, it underpins critical aspects of industrial innovation, competitiveness, and economic growth. Through a combination of advanced business management and engineering-related economics, this master’s programme will train you to analyse, understand and skilfully manage innovation processes in companies and other areas of society.

At the intersection between technology, management and economics, the education will train you to skillfully analyse and manage the processes of innovation and renewal, focussing on how and why companies innovate, and the best way to transform innovation investment into real financial and social gains.

Management and economics of innovation master's programme​ at Chalmers

This master's programme focuses on how and why companies innovate to compete and how companies can reap financial returns from their investments in innovation.

Innovation processes present challenges and opportunities for a range of different organisations, such as established firms, new entrepreneurial firms, universities and government agencies. Industry, as well as society, therefore need managers and employees who not only have scientific and engineering training but who also have acquired a thorough understanding of the innovation process and how it can be handled in a financially successful way.

At the intersection between technology, management and economics, the overall purpose of the programme is to give you the skills to analyse and manage innovation and renewal.

After having completed the programme, you should be able to analyse and understand how and why innovations, technical and scientific information and knowledge interact with the market and economic forces, formulate and solve problems related to innovation and renewal activities involving technological, economic, organisational and institutional change.

You will also be able to handle and execute strategies and practical implementation for innovation and renewal by applying state-of-the-art research and management methods and tools and be able to lead, interact and communicate with qualified professionals within and outside their own organisations and their field of knowledge.

Together with committed teachers, that include you in their research and students from various engineering disciplines, this programme creates a base for developing yourself and your ability to lead and develop organisations. In addition, you learn and use tools and frameworks for developing new technologies into viable businesses.

I'm able to explore more about how innovation emerges, how it influences industries, and how they remain innovative

Nisfiani, IndonesiaStudent

Topics covered

The subjects of engineering economics, entrepreneurship and industrial management are fundamental areas in the Management and economics of innovation master’s programme. The courses included in the programme plan handle topics such as business management and technology, strategic management, engineering economics, and innovation systems.


Future career opportunities for students with a master's degree in Management and economics of innovation will primarily be found in the business sectors, including large multinational firms as well as small technology-based firms. Examples of occupations include management consultancy, technology/industry analysis, project management, product development, R&D management, business development, corporate venturing, hi-tech entrepreneurship and venture capital. Interesting job opportunities also exist in government policy-making agencies, non-government organisations, universities and institutions commercialising science and technology.


We operate in an environment with open and extensive affiliations with business and industry, and the research underlying the programme is therefore closely linked to current business practices and problems. This is demonstrated, for example, through guest lectures, joint research projects, master’s thesis, and applied projects dealing with current business issues. 

The Department of Technology Management and Economics conducts outstanding research within Innovation and Entrepreneurship, Operations and Supply Chain Management, Environmental Assessment and Transition Studies, and the role of Technology in Society. Examples of research with a bearing on the programme within Innovation and Entrepreneurship concern Business Innovation and Strategy, Venture Entrepreneurship, Collaborative Innovation, and Organizational Renewal. 

Examples of research within Operations and Supply Chain Management with relevance to the programme concern prerequisites for innovation and R&D in small, medium-sized, and large organizations. This means for example research about firms’ innovation activity and their development of new business models, and not least how these activities are managed, but also research on processes, methods and tools for effective and efficient product development. Research on Sustainable Transitions with relevance for the programme concern among others Innovation Systems and their evolution toward Sustainable Economy and Strategy.

Find out more about research in Technology, management and economics


How to apply - From application to admission

This is a step-by-step guide on how to apply for a Master's programme at Chalmers University of Technology.