Innovation and Entrepreneurship
Innovation: A driver of growth and change
MBA graduates are increasingly drawn to vital roles on startup and venture capital teams, and the Major in Innovation and Entrepreneurship aims to give them the tools they need to enter this exciting sector.
Innovation is pervasive in today’s economy. The most successful managers understand innovation: how to recognize, manage and create value for sustained competitive advantage. This major will be useful to students interested in launching their own entrepreneurial venture, consulting to or investing in entrepreneurial ventures, and managing a technology-based business. Students interested in public policy concerning economic growth and technological change will also benefit from this major.
"Despite the example of geniuses like Alexander Graham Bell, Thomas Edison and Steve Jobs, innovation doesn't occur in a vacuum."
- Bill McEvily, strategy professor at Rotman, in an online article on innovation
Topics in Innovation and Strategy
Specific topics covered are:
- the nature of innovation and entrepreneurial activity
- the characteristics of successful entrepreneurs
- how to create and protect intellectual property
- how to develop and evaluate business plans
- how to create new business models and secure financing for new ideas
Requirements to complete the major
In this major, you will learn about creating economic value through starting a company or innovating in an existing organization. The emphasis is on recognizing and creating value from new ideas and bringing new products to market.
Courses are drawn from Business Economics, Finance, Strategy, Organizational Behaviour and Marketing to reflect the integrative nature of innovation and entrepreneurship.
You must successfully complete 4 of the following core courses:
- Creative Destruction Lab course
- Business Sustainability Strategy
- Business Strategy by Firms Based in Emerging Market Economies
- Technology Strategy
- Leveraging Strategic Networks
- Social Entrepreneurship
- Healthcare Innovation
- Private Equity and Entrepreneurial Finance
- Business Design Practicum
- Creativity and Business Innovation
- Silicon Valley Innovation & Entrepreneurship Study Tour
Flexible Internship Program
The Rotman Full-Time MBA Program provides a unique opportunity for students to integrate and apply management knowledge gained within the program through a 4-month internship. Students are required to complete the course “Applied Management: Placement” in conjunction with a work placement which may be done in the Summer, Fall or Winter terms. Depending on their academic area of concentration/major and career objectives, students will be guided on the best work term option to secure a placement with an employer. Throughout their work placement, students will benefit from enhanced communication with their host employers, tracking of project deliverables and feedback from faculty supervisors.
New ventures at Rotman
A selection of Rotman graduates who have founded or joined new ventures: