Master of Innovation and Entrepreneurship

See the world for what it could be

Entrepreneurs and investors are necessary in all areas and industries—from science and health to media, arts and education. They take the risks needed to start up new businesses and social ventures.

This rigorous two-year degree sets you up to build sustainable organisations, grow wealth for stakeholders and make positive impacts in your community.

What will you do?

Our Master of Innovation and Entrepreneurship gives you practical knowledge, access to networks and a growth mindset for success. In core courses you will:

  • build tools for assessing and implementing ambitious ideas and ventures
  • learn how to create supportive environments that foster and enable innovation
  • examine entrepreneurial investment and management practices
  • complete a six-unit research project.

There’s also a research track available, designed to qualify you for higher degrees by research. In this pathway you’ll complete a 12-unit project.

Where could it take you?

You might shine a spotlight on an unexpected renewable energy source. You could explore ecotourism or virtual reality. Perhaps you’ll invest in a world-changing approach to everyday healthcare. This degree is also suitable if you want to be a corporate intrapreneur, driving innovative products and services for employers. You could even find alternative career pathways in government and not-for-profit sectors.

Entry Requirements

For our students who are studying offshore in 2021 and 2022, the University will continue to offer high-quality access to the learning resources remotely for most programs. This includes all lectures, tutorials and other support material. Students will be advised in advance if there are course components that cannot be provided in remote mode and, wherever possible, offered alternative courses. Please refer to the COVID-19 FAQ page for a list of programs where in-person attendance is required.

Choose your applicant type to view the relevant admissions information for this program.
I am a:

Domestic applicants

SATAC Code 3CM191
Deferment Yes - 2 year
Intake January, May and September
Enquiries Future Students team

Selection Criteria
Graduate entry

Higher Education Study A completed Bachelors degree or equivalent, or a completed Graduate Certificate in Entrepreneurship from the University of Adelaide.
How to Apply
SATAC Code: 3CM191

Fees and Scholarships

Choose your applicant type to view the relevant fees and scholarships information for this program.
I am a:

Domestic applicants

Indicative annual tuition fees
Australian Full-fee place: $33,000

Scholarships

These scholarships, as well as many others funded by industry and non-profit organisations, are available to potential and currently enrolled students.

Find a Scholarship.

Careers

Career Readiness

Graduates are equipped with practical tools to successfully start and bring to maturity new ventures, or alternatively, grow new revenue streams for employers.

Graduates can also work within the innovation and entrepreneurship service sector providing consultancy, advisory, financial, policy or other support services to the small-to-medium enterprises sector. 

The University of Adelaide Careers Service prepares, inspires and empowers students to achieve successful career transitions and connect with industry.

Professional Accreditation

Adelaide Business School is AACSB* accredited, and as such our programs have passed rigorous standards of quality. AACSB accreditation is the hallmark of excellence in business education and only the best schools in the world earn AACSB accreditation.

Association to Advance Collegiate Schools of Business

Potential careers

Sole Trader, Manager / Business Management, CEO, Entrepreneur, Strategist, Innovation Manager

Degree Structure

Students will commence the program by taking two of the core courses, 'Entrepreneurship and Innovation' and 'Opportunity Assessment'. These courses will give students an excellent understanding of the key concepts of innovation and entrepreneurship and are the foundation of the program.

Students will also take courses in finance and accounting; strategy and growth; creativity and innovation; marketing; and venture modelling, all with an entrepreneurship focus. These courses provide students with vital skills and knowledge to be successful whether they are looking to start their own business, or to grow and be innovative within their organisations.

When students have completed the core courses of the program, they will then have the option to choose between the Applied stream or the Research stream:

  • Students who elect to complete the Applied stream will undertake the 'Project in Entrepreneurship' course, as well as a suite of electives of their choice.
  • Students who elect to complete the Research stream will undertake courses in research design and methods, as well as a more comprehensive research project.

    Academic Program Rules

    The Calendar is a comprehensive handbook of the University's academic program rules.

    You can find the academic program rules for this degree under the Faculty of the Professions rules.

    Areas of Specialisation

    As Entrepreneurship and Innovation is a broad subject area that can be applied across many different industries and occupations, students can use their own chosen field or interest and apply this to their assignments and class discussions.

    Students can also select electives in their area of interest.

    Example Study Plan

    Indicative Study Plan for Non Research Track 
    Core Courses ENTREP 5036: Entrepreneurial Concepts and Mindset (3 units)
    ENTREP 5038: New Venture Creation (3 units)
    ENTREP 7022: Creativity and Innovation (3 units)
    ENTREP 7028: New Venture Strategy and Growth (3 units)
    ENTREP 7048: Advanced Venture Planning and Communications (3 units)
    ENTREP 7049: Entrepreneurship Research in Practice (3 units)
    ENTREP 7059: Project and Innovation Finance and Accounting (3 units)
    ENTREP 7060: Marketing Technology and Innovation (3 units)
    Electives Courses to the value of 18 units of the following:

    ENTREP 7019: Social Entrepreneurship (3 units)
    ENTREP 7020: Design Thinking (3 units)
    ENTREP 7027: Foresight and Social Change (3 units)
    ENTREP 7046: Managing Innovation (3 units)
    ENTREP 7050: ECIC Study Tour (3 units)
    ENTREP 7900: eChallenge (3 units)
    ENTREP 7902: Project Abroad (3 units)
    PROJMGNT 5004: Risk Assessment and Management (3 units)
    PROJMGNT 5021: Project Management Fundamentals (3 units)
    PROJMGNT 7012: Project Governance and Contracts (3 units)
    PROJMGNT 7038: Project Leadership and Communication (3 units)
    PROJMGNT 7047: Systems Design for Projects  (3 units)
    Research ENTREP 5029: Project in Entrepreneurship (6 units)

    Indicative Study Plan for Research Track
    Core Courses ENTREP 5036: Entrepreneurial Concepts and Mindset (3 units)
    ENTREP 5038: New Venture Creation (3 units)
    ENTREP 7022: Creativity and Innovation (3 units)
    ENTREP 7028: New Venture Strategy and Growth (3 units)
    ENTREP 7048: Advanced Venture Planning and Communications (3 units)
    ENTREP 7049: Entrepreneurship Research in Practice (3 units)
    ENTREP 7059: Project and Innovation Finance and Accounting (3 units)
    ENTREP 7060: Marketing Technology and Innovation (3 units)
    COMMERCE 7039: Business Research Methods (3 units)
    Electives Courses to the value of 9 units of the following:

    ENTREP 7019: Social Entrepreneurship (3 units)
    ENTREP 7020: Design Thinking (3 units)
    ENTREP 7027: Foresight and Social Change (3 units)
    ENTREP 7046: Managing Innovation (3 units)
    ENTREP 7050: ECIC Study Tour (3 units)
    ENTREP 7900: eChallenge (3 units)
    ENTREP 7902: Project Abroad (6 units)
    PROJMGNT 5004: Risk Assessment and Management (3 units)
    PROJMGNT 5021: Project Management Fundamentals (3 units)
    PROJMGNT 7012: Project Governance and Contracts (3 units)
    PROJMGNT 7038: Project Leadership and Communication (3 units)
    PROJMGNT 7047: Systems Design for Projects (3 units)
    Research Research courses to the value of 12 units:

    ENTREP 7061A: Research in Entrepreneurship Part 1
    ENTREP 7061B: Research in Entrepreneurship Part 2

    CURRENT STUDENTS, please visit the following link for your study plan templates:
    www.adelaide.edu.au/professions/current-students/study-plans

    The availability of all courses is conditional on the availability of staff and facilities.

    Assessment

    Assessment will be based on a combination of oral presentations, practical assignments, class participation and written examinations. Both in class and online methodologies will be employed, and assessment will consist of a combination of group and individual work.

    Testimonial

    All my career progress has been possible because of the self-directed practical and academic innovation and entrepreneurship research that I've learned during my master's program.

    The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

    Last updated: Tuesday, 20 Jul 2021