MSc Entrepreneurship and Innovation

Postgraduate Entry Requirements:

Academic Qualifications: Applicants are typically required to have achieved a minimum undergraduate degree with 60% or above. The specific percentage requirements may vary depending on the program and the applicant's field of study. 

English Language Proficiency:

• IELTS: The minimum IELTS score required is 6.5 or higher, with no individual component score below 6.0.
• TOEFL: The minimum TOEFL score is typically 92 or higher, with minimum 19 in  each individual section.
• PTE: The minimum PTE score required is usually around 62 or higher, with no component score below 55.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.

Lancaster University, located in the United Kingdom, recognizes the importance of providing financial assistance to international students. The university offers a range of scholarships and funding opportunities to support talented and deserving international students.

1. Global Scholarships: Lancaster University offers a generous Global Scholarship program specifically for international students. These scholarships are awarded based on academic merit and can significantly contribute towards tuition fees. The Global Scholarships are available for both undergraduate and postgraduate students.

2. Regional Scholarships: Lancaster University also offers scholarships targeted at specific regions around the world. These scholarships aim to attract and support high-achieving students from specific countries or regions. The eligibility criteria and application process may vary for each regional scholarship.

3. Subject-specific Scholarships: In addition to general scholarships, Lancaster University provides subject-specific scholarships for international students. These scholarships are awarded to students who demonstrate exceptional academic performance and have a strong interest in a particular field of study.

4. Research Scholarships: For international students interested in pursuing research degrees, Lancaster University offers research scholarships. These scholarships provide financial support for students undertaking research projects or doctoral studies.

5. External Scholarships: Lancaster University encourages international students to explore external scholarship opportunities as well. The university provides guidance and support in identifying and applying for external scholarships offered by government bodies, organizations, and funding agencies.

Lancaster University's MSc Entrepreneurship and Innovation program prepares students for a wide range of career opportunities in the dynamic field of entrepreneurship and innovation. Graduates of the program possess the knowledge, skills, and mindset to pursue entrepreneurial ventures, drive innovation within established organizations, or work in roles that require entrepreneurial thinking and innovation skills.  

1. Entrepreneurial Start-ups: Many graduates choose to start their own ventures and become entrepreneurs. The program equips students with the essential skills and knowledge to develop innovative business ideas, create business plans, secure funding, and manage the various aspects of launching and scaling a start-up. Graduates can pursue their entrepreneurial dreams and establish their own successful businesses.

2. Innovation Management: Graduates can work in innovation-driven organizations, helping them drive innovation, develop new products or services, and explore new market opportunities. They can contribute to innovation management, research and development, product management, and strategic planning. Their understanding of the innovation process and ability to identify opportunities make them valuable assets in organizations seeking to stay competitive and innovative.

3. Corporate Entrepreneurship: Many established companies recognize the importance of fostering an entrepreneurial culture to drive growth and innovation. Graduates of the program can work in corporate settings as intrapreneurs, developing and implementing new business ideas within existing organizations. They can contribute to corporate entrepreneurship, innovation strategy, and business development departments.

4. Consulting and Advisory Roles: Graduates can pursue careers in consulting firms that specialize in entrepreneurship and innovation. They can provide expert advice to start-ups, small businesses, and established companies on topics such as business planning, market research, innovation strategies, and growth strategies. Their knowledge and experience in entrepreneurship and innovation make them valuable consultants in the field.

5. Venture Capital and Investment: With their understanding of the entrepreneurial landscape and ability to evaluate business opportunities, graduates can work in venture capital firms or investment organizations. They can analyze investment opportunities, conduct due diligence, and provide guidance and support to start-ups seeking funding. Their expertise in entrepreneurship and innovation adds value to the investment decision-making process.

6. Business Development and Strategic Partnerships: Graduates can work in business development roles, identifying strategic partnerships, and collaborations to drive growth and expand market reach. Their entrepreneurial mindset and ability to identify market trends and opportunities make them effective in building and nurturing relationships with external stakeholders.

7. Social Entrepreneurship and Non-profit Organizations: Graduates interested in making a positive social impact can pursue careers in social entrepreneurship or non-profit organizations. They can develop innovative solutions to address social or environmental challenges and contribute to the sustainable development of communities. Their entrepreneurial skills can help them create and manage ventures with a social mission.

8. Entrepreneurial Ecosystem Support: Graduates can work in organizations that support entrepreneurship and innovation, such as business incubators, accelerators, entrepreneurship centers, or government agencies. They can provide support and guidance to aspiring entrepreneurs, facilitate networking and mentorship opportunities, and contribute to the growth of the entrepreneurial ecosystem.

9. Research and Academia: Some graduates may choose to pursue further research or academic careers. They can undertake doctoral studies in entrepreneurship and innovation or work as research assistants or lecturers, contributing to the advancement of knowledge in the field and inspiring future generations of entrepreneurs.

10. International Opportunities: The MSc Entrepreneurship and Innovation program at Lancaster University offers a global perspective on entrepreneurship and innovation. Graduates can explore international career opportunities, work in multinational companies, or even start their ventures in global markets. Their cross-cultural understanding and adaptability make them well-suited for international roles.

The career prospects for graduates of the MSc Entrepreneurship and Innovation program at Lancaster University are diverse and exciting. Whether starting their own ventures, working in established organizations, or contributing to the entrepreneurial ecosystem, graduates are well-equipped to make an impact in the field of entrepreneurship and innovation.