MSc in Innovation and Entrepreneurship, Lancaster University

Lancaster,

12 Months

Check Eligibility

About this course

Lancaster University’s MSc in Innovation and Entrepreneurship focuses on the vital role of innovation and entrepreneurship in societal change. It emphasises spotting opportunities and developing new products and services, especially to address global challenges like inequality, poverty, pollution, and climate change. The programme aims to equip students with skills to become responsible innovators and entrepreneurs committed to sustainability. Known for practical learning, the course includes modules like Innovation Practice Lab, which encourages hands-on experience, and offers support from an enterprise centre and a network of over 80 entrepreneurs in residence. Featuring academic rigour and real-world application, it prepares students to contribute meaningfully to a responsible, innovative future.

Why this course is highly recommended

Lancaster’s MSc in Innovation and Entrepreneurship is highly regarded for its combination of academic excellence and practical experience. The university has a prestigious Small Business Charter award and is known for its business engagement activities, offering students valuable industry connections. The experiential learning approach, including real-world projects and mentoring from over 80 entrepreneurs in residence, ensures graduates are well-prepared for the dynamic world of innovation and entrepreneurship. The programme’s focus on sustainability and responsible management makes it especially relevant for students eager to make a positive impact.

Specialisation

The programme combines core modules such as Design Thinking, Financing Innovation and Entrepreneurship, and Responsible Innovation, with optional modules that include Entrepreneurial Leadership and Change, and Family Businesses. It provides a comprehensive focus on responsible and sustainable innovation, embedding practical experience through the Innovation Practice Lab and a dissertation project. Students explore strategic purpose, responsible leadership, and sustainable business models, enabling them to develop specialized expertise in managing innovation responsibly and effectively.

Course fees

Application fees

28.82L

1st year tuition fees

28.82L

Living cost

Degree requirements

Applicants should hold a 2:2 Honours degree (or equivalent) in any discipline with consistent marks at this level. Extensive professional experience, especially involvement in family businesses or personal ventures, can also be considered if academic qualifications are not met. Relevant work experience can be helpful but is not mandatory.

English language test

DUOLINGO

PTE

TOEFL

IELTS

6.5

Career prospects

Graduates of this course are equipped to become innovative entrepreneurs or responsible leaders in existing organizations. The programme supports career development through tailored professional skills modules and a strong network, increasing employability in roles related to innovation, sustainable business development, and entrepreneurship across various industries.

FAQs

What are the English language requirements?

International students generally need a minimum IELTS score of 6.5 overall, with at least 6.0 in each element, or equivalent recognized English qualifications. There may be pre-sessional English programmes if scores are below the requirement.

Are work experience or professional background necessary?

Relevant work experience is helpful but not essential. Applications may be considered with extensive professional experience involving family businesses or personal ventures, even if academic qualifications are not fully met.