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Innovation Management and Entrepreneurship MSc

Ignite your business vision and engage in the full start-up process from concept to development to execution while collaborating with other entrepreneurs and small businesses owners
September 2024
1 year full-time
2 years part-time
£12,600 (UK) *
£17,600 (INT) *
Course leader
Simon Best

Entrepreneurs and small businesses start-ups are often thought of as the backbone of economies worldwide, while qualities such as innovation and creativity are becoming increasingly sought after by organisations that need employees who can respond to change in dynamic business environments.

Why choose Innovation Management and Entrepreneurship MSc at Middlesex?

In today's world, where entrepreneurship is thriving, this course offers a step-by-step journey through the entire process of starting a business – from coming up with an idea to making it a reality.

With entrepreneurship insights from specialist management disciplines, you will develop practice-based skills and knowledge in strategy and marketing, as well as an understanding of innovation networking from a behavioural perspective.

Our aim is to enhance your decision-making abilities, help you identify market opportunities, foster teamwork, cultivate critical thinking in leadership, stimulate creativity, and develop your entrepreneurial leadership skills.

You will have the opportunity to apply these skills in practical settings, such as mentoring undergraduate students with entrepreneurial aspirations and working on real-world cases to find innovative solutions for small businesses.

What you will gain

By pursuing this degree, you will gain many valuable experiences and skills that will set you up for success in the business world.

You will have the opportunity to develop your own business ideas, receiving guidance and support from a dedicated business mentor throughout the process. You will also actively engage in workshops where you will bring your innovations to life by creating prototypes.

This course pays particular attention to innovations and ideas which address contemporary issues or business practices. Assignments in the course are designed to reflect real-life scenarios, meaning you will collaborate with local charities and businesses.

You will acquire expertise in critical areas such as business strategy, decision-making, financing, valuation, and budgeting. These skills will greatly enhance your ability to identify business opportunities and effectively navigate obstacles. Additionally, you will acquire valuable digital skills, including proficiency in collaborative online software like MIRO and basic video editing using tools such as Moovly.

As a student, you will also have the opportunity to expand your professional network by interacting with practitioners who bring their own real-life experiences to the table. Events like Global Entrepreneurship Week provide a platform for networking and knowledge sharing.

Working closely with the Enterprise Development Hub, you will gain practical experience by running workshops, mentoring undergraduates, and tackling real-world cases for small enterprises. This hands-on involvement will provide you with valuable insights and practical skills that employers seek.

Throughout this course, you will engage in student-directed study and teamwork, empowering you to enhance your decision-making and planning abilities. These are crucial qualities sought after by organisations in today's dynamic business environment, where innovation and creativity are highly valued.

3 great reasons to pick this course

  • Top 20 UK uni
    For entrepreneurs and business leaders – Business Money, 2023
  • Postgraduate success
    93% of our postgraduate students go on to work or further study – Graduate Outcomes 2022
  • We are an international university
    We're ranked 5th in the UK and 14th globally as “most international university” – Times Higher Education World University Ranking, 2023.

Find out more

Sign up now to receive more information about studying at Middlesex University London.

In your first few months, this course will arm you with various theories and contemporary methods that give you the basis of knowledge to develop a business plan. You'll be applying financial management tools, valuing a venture, and putting in place methods for predicting and measuring financial performance.

In the following months, you will explore issues of project management, business networks, product development, and international entrepreneurship and its contributions to the global economy. With this knowledge, you’ll be able to develop social capital, create effective marketing strategies, and manage projects.

Finally, you will bring together the knowledge and skills developed throughout the course and apply them to a project that involves starting and running your own business or undertaking entrepreneurial work in an organisation.

  • Modules

    • Venture Development (30 Credits) - Compulsory

      This module aims to introduce students to the processes required to start a new venture successfully. Students will be shown how the funding and markets are linked to entrepreneurial activities and will acquire the key skills required for venture development.

    • Innovation (30 Credits) - Compulsory

      The aim of this module is to provide an advanced understanding of the main theoretical frameworks, analytical tools, and successful business models for managing innovation in high dynamic environments. The module draws extensively on a range of case studies to illustrate central issues in industry dynamics of technological innovation, and to identify successful management practices in formulating and implementing technological innovation strategy.

    • Entrepreneurial Finance (15 Credits) - Compulsory

      The module aims to provide students with an awareness and understanding of various theories, knowledge, and financial tools an entrepreneur needs including business plan, financial management tools, financing a new venture, valuing ventures, process of going public, capital budgeting and measuring financial performance to start, build, and harvest a successful venture.

    • Developing Business Networks for Entrepreneurs (15 Credits) - Optional

      This module develops advanced understanding of and professional skills in evaluating and assessing relationships and their impact on entrepreneurs in a variety of settings. Students will learn the significance of building business relationships, both outside of their business and internally with staff, and the significance of these relationships at the different growth stages of their business. They will also learn about their strategic options when building business relationships, and the importance of being customer-focused in the electronic age. Students will learn to contextualise the importance of social capital and build practical skills in developing social capital; identify, evaluate and analyse stakeholder interests, and explore how to break into an industry. This covers a variety of channels, from social networking and customer relationships over the internet, to interpersonal and social skills, and joining and forming strategic business networks.

    • Developing new product and services (15 Credits) - Optional

      This module aims to develop students understanding of the key principles of product and service development and innovation management, and enhances their ability to put into practice these concepts. The module provides students with a core understanding of how product and service development contributes to the success of a firm and enables students to critically evaluate what is required to develop and deliver successful marketing strategies for innovative new products and services.

    • Innovation Management and Entrepreneurship Applied Project (60 Credits) - Compulsory

      This module provides students with a means of developing further the skills and knowledge gained on the MSc Innovation Management and Entrepreneurship, by application to a specific organisational issue or problem. It enables students to demonstrate proficiency in the design of a business enhancement project, application of appropriate methods of investigation, management of the change process, and maintenance of vision in the face of the vicissitudes of business realities.

    • Entrepreneurial Marketing (15 Credits) - Compulsory

      This module will enable students to learn how entrepreneurs can develop insights into consumer needs and transform them to create opportunities and markets. It is increasingly apparent that most firms succeed because they are willing to break the rules and act entrepreneurially. The module’s aims are to help students to appreciate how entrepreneurial marketing may be applied by any individual in any private or public sector organisation by focusing on the concept of entrepreneurial marketing, across all aspects of the marketing process. Students will be able to appreciate the potential of e-marketing and viral marketing, and plan marketing strategies with restricted funding for new ventures. It will aid students to recognise the role of networking and various methods of selling. Students will also be able to perceive and realise the ethical considerations crucial in entrepreneurial marketing.

    • Digital Marketing (15 Credits) - Optional

      The aim of this module is to develop students' knowledge and skills for understanding the complexity of the new digital landscape. The module provides a critical context in which to analyse the current digital developments. In particular, the module will facilitate students’ learning of e-marketing models, social media and e-tailing in order to produce a coherent digital marketing strategy.

    • Entrepreneurship and Sustainability (15 Credits) - Optional

      This module focuses specifically on the development of the competences needed to develop sustainable enterprises. The module aims to provide the knowledge and understanding of eco and social venture development at the Masters level necessary to enable students to make a strong contribution to society, economy and the environment. Students will be enabled through a competency based approach that links real-world orientation, through inter and transdisciplinary assignments, academic-business cooperation, personal development and coaching, to the development of sustainability-driven enterprises.

To find out more about this course, please download the Innovation Management and Enterprise specification (PDF).

How we'll teach you

You'll be taught by an experienced teaching team with a wide range of expertise and professional experience, most of whom are experienced entrepreneurs. Your personal tutor will support you with help and advice throughout your studies.

The course is delivered by our academics and industry partners in person and via digital platforms. Our learning activities include lectures, presentations, directed reading, case studies, workshops, one-to-one tutorials and group projects.

You will also learn through coursework, online learning methods, facilitated discussions and guest speakers.

Your creative thinking, analysis, synthesis and evaluation will be developed in seminar and workshops discussions and debate, as well as through independent study, including the use of online resources.

You'll develop the practical skills needed for future employment through workshops, seminars, guided discussions, individual and group coursework, independent study and research methods training.

Where will I study?

Our Hendon campus, north London.

Teaching vs independent study

In a typical year, you’ll spend about 1200 hours on your course.

Outside of teaching hours, you’ll learn independently through reading articles and books, working on projects, undertaking research, and preparing for assessments including coursework and presentations.

Typical weekly breakdown

A typical week looks like this:


Contact hours per week





Independent study


Learning terms

On-campus: This includes tutor-led sessions such as seminars, lab sessions and demonstrations as well as student-led sessions for work in small groups.

Online learning: This is teaching that is delivered online using tools like Skype or Zoom, as well as work that you do yourself using online teaching resources.

Independent study: This is the work you do in your own time including reading and research.

Part-time study

You can also study this course part-time over two academic years

Academic support

We have a strong support network online and on campus to help you develop your academic skills. We offer one-to-one and group sessions to develop your learning skills together with academic support from our library, IT teams and learning experts.

Coursework and assessments

There are no exams but your coursework including a combination of individual and group coursework, presentations, project reports, exams, literature reviews and an applied project will be assessed.

We'll give you practical guidance on all course-related tasks. This includes formative assessment, which is where we check how well you are doing and provide guidance to help you improve.


You'll evaluate your work, skills and knowledge and identify areas for improvement. Sometimes you'll work in groups and assess each other's progress.

Each term, you'll get regular feedback on your learning.


The Sheppard Library

Our library is open 24 hours a day during the term and includes:

  • Over 1,000 study areas with rooms for group study and over 600 computer spaces
  • 350,000 books and e-books and more than 24,000 online journals
  • Free laptop loans, Wi-Fi and printing.

Student support

We offer lots of support to help you while you're studying including financial advice, wellbeing, mental health and disability support.

Additional needs

We'll support you if you have additional needs such as sensory impairment or dyslexia. And if you want to find out whether Middlesex is the right place for you before you apply, get in touch with our Disability and Dyslexia team.


Our specialist teams will support your mental health. We have free individual counselling sessions, workshops, support groups and useful guides.

Work while you study

Our Middlesex Unitemps branch will help you find work that fits around uni and your other commitments. We have hundreds of student jobs on campus that pay the London Living Wage and above. Visit the Middlesex Unitemps page.

Financial support

You can apply for scholarships and bursaries and our MDX Student Starter Kit to help with up to £1,000 of goods, including a new laptop or iPad.

We have also reduced the costs of studying with free laptop loans, free learning resources and discounts to save money on everyday things. Check out our guide to student life on a budget.

How can the MSc Innovation Management and Entrepreneurship degree support your career?

Whether you intend to start your own business or work for someone else, the enterprising and entrepreneurial skills you gain in this course will enhance your career prospects.

This course develops skills in creativity, innovation and entrepreneurship. These skills can augment already existing capabilities in a number of roles or will allow you to move into the world of entrepreneurship.

Our postgraduate courses have been recognised for their ability to support your career.

Career paths

Some of the roles our graduates have gone on to work as project coordinators, start-up managers or business development officers while others have gone on to start their own businesses.

Our dedicated lifetime career support, like our business start-up support programme and funding for entrepreneurs, has been recognized with the following awards:

  • The top 20 UK universities for business leaders and entrepreneurs – Business Money, 2023
  • A top 10 university for producing CEOs – Novuana, 2023.


MDXworks, our Employability service, will help you make the most of your experience and connections to achieve your career goals. You'll have unlimited access to one-to-one advice and support from specialists in your sector plus 24/7 online support. You can also make the most of events and networking opportunities, on and off campus.

Start-up accelerator programme

We can help you bring your business idea to life with our MDXcelerator programme which includes masterclasses with high-profile entrepreneurs, workshops, mentoring opportunities and competitions to secure seed funding.

Global alumni network

You’ll be studying with students from 122 countries who’ll become part of your personal global network. You'll learn how to work with a global mindset and make invaluable connections on your course for your chosen industry.

  1. UK entry
  2. International entry
  3. How to apply

The fees below are for the 2024/25 academic year:

UK students1

Full-time students:£12,600
Part-time students: £84 per credit
Part-time students: £42 per dissertation credit

International students2

Full-time students: £17,600
Part-time students: £117 per credit
Part-time students: £59 per dissertation credit

Additional costs

We cover your costs for the day-to-day things that you need to do well in your studies.

  • Free – laptop loans, Wi-Fi and printing
  • Free specialist software for your course
  • Free online training with LinkedIn Learning.

The following course-related costs are not included in the fees, and you will need to budget for these:

Financial support

We offer lots of support to help you with fees and living costs. Check out our guide to student life on a budget and find out more about postgraduate funding.

Postgraduate scholarships

You may be eligible for one of our scholarships including:

  • The Alumni Postgraduate Award – for all UK/EU Middlesex alumni a 20% fee reduction
  • The Commonwealth Scholarship – full course fees, airfares and a living allowance
  • The Chevening Scholarship – full course fees
  • The European Academic Awards – £1000 to £7000 for students showing academic excellence
  • Regional or International Merit Award –up to £2,000 towards course fees

For international students, we also have a limited number of other awards specific to certain regions, and work in partnership with funding providers in your country to help support you financially with your study.

Find out more about our postgraduate scholarships.

Help from your employer

Your employer can contribute towards the cost of your postgraduate study as part of their staff development programme.

Fees disclaimers

1. UK fees: The university reserves the right to increase postgraduate tuition fees in line with changes to legislation, regulation and any government guidance or decisions. The tuition fees for part-time UK study are subject to annual review and we reserve the right to increase the fees each academic year by no more than the level of inflation.

2. International fees: Tuition fees are subject to annual review and we reserve the right to increase the fees each academic year by no more than the level of inflation.

Any annual increase in tuition fees as provided for above will be notified to students at the earliest opportunity in advance of the academic year to which any applicable inflationary rise may apply.

  • Mustansir Zakir

    MSc Innovation Management and Entrepreneurship

    I am currently managing Queen Corner Textiles, my family business of textile goods based in the Dubai market. My key role in this business is to develop and implement new marketing strategies and achieve greater sales through the creation of new sales channels (for example, online sales via website and social media).

    Studying MSc Innovation Management and Entrepreneurship was extremely beneficial for me as most of the study materials and projects have had a direct influence on my current role. Besides that, the networking events and the real life business examples shared by the guest speakers provided me with a sense of practicality on how innovation is a crucial element in every business.

    At the beginning of my course, I had applied for an internship with a consultancy firm in London. This internship has helped me greatly with my own business because it was a start-up company where I was directly involved in the decision making process and assisting the growth of the business.

    One of the reasons that make this programme so special are the  lecturers. Every lecturer tries to give personal attention and becomes a positive influence to every student inside and outside the class. One of the lecturers used to host informal lunches to create a platform for students to share their ideas and views openly. Another, always tried to push students outside their comfort zone to make them think outside the box and become more innovative.

We’ll carefully manage any future changes to courses, or the support and other services available to you, if these are necessary because of things like changes to government health and safety advice, or any changes to the law.

Any decisions will be taken in line with both external advice and the University’s Regulations which include information on this.

Our priority will always be to maintain academic standards and quality so that your learning outcomes are not affected by any adjustments that we may have to make.

At all times we’ll aim to keep you well informed of how we may need to respond to changing circumstances, and about support that we’ll provide to you.

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