Bachelor of Business (Innovation and Enterprise)

The Bachelor of Business (Innovation and Enterprise) program at RMIT University is designed to nurture entrepreneurial thinking and innovation skills among students. It focuses on equipping graduates with the knowledge and capabilities to launch new ventures, drive business innovation, and foster entrepreneurial success. This program integrates business principles with hands-on experience in creating and managing innovative enterprises, preparing students for dynamic careers in startups, corporate innovation departments, and entrepreneurial ventures.

Curriculum: The curriculum of the Bachelor of Business (Innovation and Enterprise) program combines core business subjects with specialized courses in innovation management, entrepreneurship, new venture creation, business strategy, and innovation in digital economies. Students learn how to identify market opportunities, develop innovative business models, pitch ideas to investors, and navigate the challenges of launching and scaling businesses.

Research Focus: RMIT University encourages research within the Bachelor of Business (Innovation and Enterprise) program, focusing on areas such as entrepreneurial ecosystems, innovation diffusion, technology commercialization, and startup funding. Students engage in research projects, case studies, and entrepreneurial simulations to develop critical thinking skills, explore emerging trends in innovation, and contribute to advancing knowledge in entrepreneurial practices.

Industry Engagement: The Bachelor of Business (Innovation and Enterprise) program fosters strong industry connections through partnerships with startup incubators, accelerators, industry mentors, venture capitalists, and successful entrepreneurs. Students have opportunities to participate in industry placements, internships, and collaborative projects that provide practical experience, mentorship, and networking opportunities within the entrepreneurial ecosystem.

Global Perspective: With a commitment to providing a global perspective, RMIT University integrates international experiences into the Bachelor of Business (Innovation and Enterprise) program. Students can participate in international entrepreneurship competitions, study abroad programs, or collaborate on global innovation projects. These experiences expose students to diverse entrepreneurial landscapes, cultural perspectives, and global business practices, preparing them to launch global ventures and navigate international markets.

Undergraduate Entry Requirements

Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 65% or above in their previous academic qualifications.

English Language Proficiency:

• IELTS: Overall band score of 6.0 or 6.5 with a minimum of 5.5 in each component.
• TOEFL: Overall score of 79 with a minimum of 12 in each section.
• PTE (Pearson Test of English): Overall score of 58 with a minimum of 50 in each section.

Students must provide:

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

It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.

RMIT University offers a range of scholarships to international students to support their educational journey. These scholarships are designed to recognize academic excellence, leadership potential, and contributions to the community.

Vice-Chancellor's International Scholarship: This prestigious scholarship is awarded to high-achieving international students and covers a percentage of their tuition fees.

Destination Australia Scholarship: This scholarship is for students studying in regional Australia, including some RMIT campuses, and provides financial support to eligible international students.

Science Engineering Health Scholarship: Specifically for students enrolling in science, engineering, or health programs, this scholarship is awarded to those who demonstrate academic merit.

Cultural Visions Scholarship: This scholarship is designed to support students from diverse cultural backgrounds and aims to foster inclusivity and diversity within the university community.

Sports Scholarship: RMIT also offers scholarships to outstanding athletes, supporting them in balancing their sports commitments with their academic pursuits.

Graduating with a Bachelor of Business (Innovation and Enterprise) from RMIT University opens up exciting career opportunities in entrepreneurship, innovation management, and business leadership. This program equips graduates with the knowledge, skills, and entrepreneurial mindset necessary to launch new ventures, drive business innovation, and succeed in dynamic business environments. 

Entrepreneur: Many graduates choose to become entrepreneurs, starting their own businesses or startups. They innovate new products or services, identify market opportunities, secure funding, and build scalable business models to achieve growth and profitability.

Startup Founder/Co-founder: Graduates may become startup founders or co-founders, leading entrepreneurial ventures from inception to growth. They develop business ideas, assemble teams, navigate regulatory frameworks, and drive strategic decision-making to establish successful startup businesses.

Innovation Manager: Graduates can work as innovation managers within corporations or organizations. They lead innovation initiatives, develop strategies to foster a culture of creativity and continuous improvement, and implement innovative solutions to address business challenges and drive organizational growth.

Venture Capitalist/Investment Analyst: With a focus on venture capital and investment, graduates can work as venture capitalists or investment analysts. They evaluate investment opportunities in startups and innovative ventures, conduct due diligence, and provide funding and strategic support to high-potential businesses.

Business Development Manager - New Ventures: Graduates may pursue roles as business development managers focused on new ventures. They identify growth opportunities, forge strategic partnerships, and lead initiatives to expand business operations, enter new markets, and drive revenue growth through innovative business strategies.

Corporate Innovation Strategist: Graduates with expertise in innovation and enterprise can work as corporate innovation strategists. They collaborate with senior management to develop and execute innovation strategies, explore new business opportunities, and drive organizational change and competitiveness through innovation.

Product Manager - Innovation Focus: Graduates interested in product management can specialize in innovation-focused roles. They oversee the development and launch of innovative products or services, conduct market research, gather customer feedback, and iterate product designs to meet market demands and drive product innovation.

Social Entrepreneur: Some graduates may choose to become social entrepreneurs, launching ventures that address social or environmental challenges. They combine business principles with social impact strategies to create sustainable solutions and make a positive difference in communities and society.

Consultant - Innovation and Entrepreneurship: Graduates can work as consultants specializing in innovation and entrepreneurship. They advise businesses on innovation strategies, market entry, business model innovation, and growth strategies, helping organizations adapt to disruptive changes and capitalize on emerging opportunities.

Technology Commercialization Specialist: Graduates with a focus on technology and innovation can work as technology commercialization specialists. They identify market opportunities for new technologies, develop commercialization strategies, negotiate licensing agreements, and facilitate the transfer of technology from research institutions to market-ready products.

Professional Development and Networking: Throughout their studies at RMIT, students have opportunities to engage with industry leaders, participate in entrepreneurship competitions, attend networking events, and gain certifications such as Certified Entrepreneurial Manager (CEM) or Certified Innovation Leader (CIL). These experiences not only enhance their entrepreneurial skills and industry knowledge but also expand their professional network, providing them with valuable connections and career advancement opportunities in the competitive field of innovation and enterprise.