Entrepreneurship and Innovation Management

Programme description

The Master’s programme in Entrepreneurship and Innovation Management (EIM) is designed to provide students with 1) the mindset and skills for new business creation be it in independent start-ups or in the context of established organisations, and 2) a broader understanding of entrepreneurship and innovation from individual, organisational and societal perspectives.

A defining feature of the curriculum is a pronounced emphasis on action learning. Among other things, you will find yourself pitching business ideas to real investors and potential customers, analysing business cases and developing strategies for innovative products and services, and exercising enterprising competencies in real-life settings. Working in teams consisting not only of business but also of design, science and engineering students, facilitates a rich learning experience and unique networking opportunities for future careers.

In general, the EIM programme enables students to graduate within 4 semesters, but the EIM programme also offers students to choose the “Fast-Track”-option, to be able to graduate within three semesters (see proposed “Fast-Track”-study guide here: Study progress - Fast track.

Learning outcomes
A student graduating from EIM will be able to

  • generate new business ideas in a systematic manner, using appropriate tools and concepts
  • take steps to strategically exploit new business opportunities
  • create, test and pitch new business models
  • lead and manage complex business projects
  • work in teams with colleagues from different backgrounds

In addition, EIM graduates will have a thorough understanding of

  • the role of entrepreneurship and innovation in social, sustainable and economic value creation in different contexts, such as for-profit venture initiatives (start-ups, innovations emerging from established organisations), sustainable cooperative firms and social enterprises
  • entrepreneurship and innovation as multi-faceted phenomena from the perspectives of individuals, firms and society
  • how to apply appropriate theory and methods to produce new business knowledge

Career prospects
While some of the programme’s students start their own ventures during the course of their studies, most of our graduates start their careers in paid employment. Knowledge of the process of new business creation, managing innovations and skills in dealing with complex projects provide an excellent foundation for diverse careers in the highly dynamic, competitive and uncertain world of business. EIM graduates are well qualified for example, for project management, consultancy or any other business function where a holistic mastery of a larger business entity is called for. Graduates of this programme can also work in the public sector at the regional, national and supra-national (EU, OECD) level as entrepreneurship and innovation specialists.

Degree Programme Director
Assistant Professor Ewald Kibler

Programme committee
External members:
Juha Karppinen, Managing Director, PintPlease Global Ltd
Dr Kari Uusitalo, Senior Technology Advisor, Tekes
Dr Olli Vuola, Executive Director, Aalto Ventures Program
Prof Joakim Wincent, Professor of Entrepreneurship, Hanken School of Economics

Internal members:
Programme director: Prof Teemu Kautonen
Dr Ewald Kibler, Assistant Professor, Entrepreneurship
Dr Myrto Chliova, Assistant Professor, Entrepreneurship
Two students from MSc Entrepreneurship

Additional information
Department of Management Studies website

Degree requirements 120 cr

1. Programme studies 84 cr

Mandatory studies 66 cr


Venture ideation1)

6 cr



Researching Entrepreneurship and Innovation 2) 

 6 cr



 Market Entry Strategies for Entrepreneurial Business  6 cr  II


Capstone: Business Development Project (Entrepreneurship)

6 cr





Doing Qualitative Research


Doing Quantitative Research

6 cr


6 cr

 I, IV




Master’s Thesis

30 cr



Master’s Thesis Seminar

6 cr

I, IV, V


Maturity Test

0 cr


1) Replaces 25E48000 Introduction to New Venture Creation Process
2) Replaces 25E32000 Entrepreneurship as a field of science

Elective studies 18 cr

Interested in sustainability with a spin of enterprise and innovation?


Sustainable entrepreneurship

6 cr



How to change the world: Innovating toward sustainability

6 cr



Sustainable Business and Consumption

6 cr



Sustainable Marketing

6 cr


Thinking about a career in business development or management consulting?

21E00030 Strategy Work 6 cr II
21E00031 Innovation, Strategic Resilience and Renewal 6 cr  III
21E00032 Innovation Processes in Transition 6 cr  II
21E00033 Strategic Change 6 cr   III
21E00052  Data-driven business  6 cr   III
26E00250 Doing business in China 6 cr   II
26E02500 Doing Business in Russia 6 cr  V
26E03300  Operating in Different Cultural and Institutional Contexts  6 cr   V
26E04450  Design business management 5 cr 


Want to learn more about entrepreneurship and managing start-up?

25E19000  Entrepreneurial Competencies 1) 6 cr  I
25E54000  Current issues in entrepreneurship and innovation 6 cr  V
25E31000 Entrepreneurship and Managing Innovations  6 cr  III
71E00200 Communication in Strategy Work  6 cr   II
  Courses from Aalto Ventures Program (AVP)    
25E00901 Project work *)    

1) Replaces 25E46000 Entrepreneurial Behaviour and Competencies; students who took 25E60000 Shaping entrepreneurial thinking can take 25E19000 Entrepreneurial Competencies

Project Work has to be approved by the Programme Director

2. Minor studies 24 cr

3. Electives 12 cr

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