Management of Innovation and Entrepreneurship (MIE)

Biblioteca scienze politiche
Master programme
A.Y. 2020/2021
LM-77 - Management studies
Master programme
120
ECTS
Access
Open with entry requirements examination
2
Years
Course location
Milano
Language
English
The Master of Science (Laurea Magistrale, LM-77) in Management of Innovation and Entrepreneurship (MIE) of the University of Milan aims at providing students with theoretical knowledge and analytical tools to identify and exploit entrepreneurial opportunities for innovation, change management and organizational transformation.
The drivers of new business creation, the ability to identify business opportunities offered by the markets, the analysis of human, economic and financial resources needed to create and develop new projects represent some of the topics in the entrepreneurship field. Entrepreneurship and innovation are interwoven. Innovation is conceived in a broad sense, spanning from new knowledge generation to enter in new markets to the development of new products, processes and management approaches, based on innovative organizational solutions and competitive strategies.

Alongside the creation of new companies, the ability to innovate and seize the opportunities for investing in new markets by existing companies is a condition of success for the revitalization of more mature businesses.

The course structure is meant to strengthen the acquisition of knowledge and skills concerning the analysis and interpretation of business decision-making processes, with a specific focus on the design, implementation and evaluation of entrepreneurial and innovation processes taking place in a variety of industrial sectors where goods and services are produced.

The program adopts an interdisciplinary approach to the study of entrepreneurial phenomena and innovation. Digging deep into management disciplines (management control, strategic planning, corporate finance, business planning, marketing channels management, relations with the financial sectors and public sector organizations), economic disciplines (industrial economy, company history), legal disciplines (business law), and quantitative methods (market forecasting tools and advanced data analysis), students will acquire knowledge and skills useful to guide the entrepreneurial and innovation process both in newly founded entities and in already existing organizations.

Graduates of "Management of innovation and Entrepreneurship" will be able to apply acquired knowledge and skills in two related areas:
Within existing companies and organizations: in this context s/he can contribute to the design, development and implementation of innovative projects (for example: new product development, implementation of new production processes, new market entry);
In the launch of new business initiatives (start-ups), where the graduate will be able to collaborate in the construction of the team, the development of the business ideas and their exploitation.

Combining entrepreneurial, managerial, economic and financial skills with sound knowledge of new product development and innovation management processes, the Master's Degree in "Management of Innovation and Entrepreneurship" trains professionals oriented both to craft and launch new entrepreneurial initiatives and to occupy project management positions for new product development and innovation management. Additionally, the Program provides solid evaluation skills to assess innovation projects, thus opening opportunities in both private organizations (management consulting firms, financial institutions) and public-sector organizations (development agencies and local partnerships).

The overall design of the Program takes advantage, in addition to classroom learning through lectures and exercises, of the active participation of students in innovative and entrepreneurial projects throughout the entire course of studies (that is, entrepreneurship laboratories), and further developed with reference to the internship and preparation of the final thesis. Teamwork will be an integral part of the entire program, to promote critical and collaborative thinking, thus setting the basis for a unique learning opportunity. Opportunities to meet and work with professionals and companies will be provided and actively promoted.

To strengthen the link with companies, the usual governance body (that is, the Teaching Committee) will be complemented with the establishment of a Committee composed by faculty members and professionals who will plan projects, joint laboratories, guest lectures and similar initiatives.
Professional profile: the Program is aimed at young people who want to embark on a managerial career oriented towards innovation themes, as well as those who want to start new business ventures.
Functions: business analysis and development; coordination and management of innovation projects; new business model development; entrepreneurs and social entrepreneurs; property rights consultants;
Skills: ability to analyze and interpret sectoral and competitive dynamics; to design new initiatives within existing companies; ability to plan and start new business ventures;
Career opportunities: managers in national and international manufacturing and service companies, in large retailers; entrepreneurs; freelancers and consultant in the design and implementation of new initiatives.

The course is intendend to prepare enrolled students to the following professions (ISTAT Classification):

DIGITAL INNOVATION CURRICULUM
Directors of private companies in manufacturing sectors
Directors of private companies in commerce
Directors of private companies in services for companies, banks and similar
Directors of business functions
Entrepreneurs and small business managers in information and telecommunication services

ENTREPRENEURSHIP CURRICULUM
Entrepreneurs, managers and managers of small businesses in manufacturing sectors
Entrepreneurs, managers and managers of small businesses in commerce
Entrepreneurs, managers and managers of small businesses in services for businesses, banking and similar
Entrepreneurs and directors of large banks, insurance companies, real estate agencies, financial intermediaries
Entrepreneurs and directors of large companies in services to businesses and individuals
Directors and general managers of companies

MANAGEMENT OF INTELLECTUAL PROPERTY RIGHTS CURRICULUM
Managers of intellectual property rights for medium and large companies
External consultants for the management of intellectual property rights for small businesses
Directors and managers of the research and development department
Entrepreneurs of consulting firms in industrial and intellectual property
Legal experts in companies
Employment statistics (Almalaurea)
Admission to the Master programme in Management of Innovation and Entrepreneurship requires:
an Italian degree (ex. DM 270 /04) of the following classes:

· L-7 Ingegneria civile e ambientale
· L-8 Ingegneria dell'informazione
· L-9 Ingegneria industriale
· L-12 Mediazione linguistica
· L-13 Scienze biologiche
· L-14 Scienze dei servizi giuridici
· L-15 Scienze del turismo
· L-16 Scienze dell'amministrazione e dell'organizzazione
· L-18 Scienze dell'economia e della gestione aziendale
· L-20 Scienze della comunicazione
· L-21 Scienza della pianificazione territoriale, urbanistica, paesaggistica e ambientale
· L-25 Scienze e tecnologie agrarie e forestali
· L-26 Scienze e tecnologie agro-alimentari
· L-27 Scienze e tecnologie chimiche
· L-30 Scienze e tecnologie fisiche
· L-31 Scienze e tecnologie informatiche
· L-32 Scienze e tecnologie per l'ambiente e la natura
· L-33 Scienze economiche
· L-34 Scienze geologiche
· L-36 Scienze politiche e delle relazioni internazionali
· L-37 Scienze sociali per la cooperazione, lo sviluppo e la pace
· L-40 Sociologia
· L-41 Statistica
· L-42 Storia
· L-43 Tecnologie per la conservazione e il restauro dei beni culturali

or an Italian degree (ex DM 509/99) in the subjects equivalent to those listed above. Candidates holding a different degree qualification can apply but their application will be submitted to an Admission Board in charge of evaluating the fulfillment of requirements.

For all candidates the following minimum requirements apply in order to be admitted to the course:
1. At least 40 CFU/ECTS in the areas of business/management, economics, mathematics, statistics and law;
2. Out of these 40 CFU/ECTS:
at least 18 CFU/ECTS in the area of business/management and economics (SECS-P/07, SECS-P/08, SECS-P/09, SECS-P/10, SECS-P/11; SECS-P/01, SECS-P/02, SECS-P/03, SECS-P/06, SECS-P/12);
at least 6 CFU/ECTS in mathematical and statistical areas (SECS-S/01 - SECS-S/03; SECS-S/05);
In order to obtain the needed 40 CFU/ECTS applicants can also consider credits in law (IUS/04, IUS/05, IUS/07)
3. English language knowledge, level B2 or higher, properly certified (e.g.: TOEFL, IELTS, etc.) or any other relevant documentation (e.g.: award of a degree held in English, English language as mother tongue, 6 CFU/ECTS in English [L-LIN/12]).

Students with foreign qualification are expected to meet the substantive requirements equivalent to the minimum requirements for students with an Italian degree. Such checking of pre-requisites will be conducted by an Admission Board of faculties appointed by the Faculty Board - Collegio Didattico.

For candidates who meet the minimum requirements, admission is based on merit and coherence. To this end, each applicant must submit, together with the application, a detailed curriculum vitae. Failing to provide the compulsory documentation will result in the exclusion from the selection procedure.

The Admission Board evaluates each candidate according to the grid below. Applicants who obtain less than 50 points are not admitted. Applicants who obtain more than 80 points are admitted without any further verification.

Criterion: Academic curriculum
Description: Length and quality of the previous degree as well as the average grade obtained in the bachelor program.
Maximum Score: 60

Criterion: Choice coherence
Description: Coherence between the academic curriculum and/or activities previously carried out and the learning objectives of the MSc in Management of Innovation and Entrepreneurship
Maximum Score: 40

The Admission Board reserves the possibility to request the applicant an oral interview for admission, held in English language and exclusively done via electronic devices (eg.: via skype). The interview is aimed at verifying the skills as mentioned above.

Applicants must obtain the bachelor degree by 31st December 2020.
Students enrolled in MIE program can spend a study period above as part of the Erasmus+ Programme, to take courses, sit exams and/or conduct research on their master's dissertation. The study abroad period, which lasts from three to 12 months, allows access to the teaching and research facilities of European Universities. Once students return to Italy, they receive academic recognition for the activities successfully conducted abroad.

The Master of Science in Management of Innovation and Entrepreneurship has selected appropriate partner universities in France (Université Jean Moulin - Lyon III), Spain (University of Salamanca), Poland (University of Economics in Katowice, University of Lodz, Warsaw School of Economics e University of Gdansk), Portugal (University of Porto e ISAG European Business School), Russia (Plekhanov Russian University of Economics) and China (School of Business of Renmin University). Offered courses cover the most relevant topics and disciplines in line with the objective of the Program, such as, for example: R&D and Innovation Management, International corporate finance, Entrepreneurship strategy, Accounting and finance of new ventures, Management of new ventures, Technology-based firms: venturing development, Marketing. Course selection is finalized prior to departure together with the student mobility representative of the degree course. Credits obtained are officially recognized at the end of the exchange period and included in the study plan.

Strongly recommended

Courses list

First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Advanced Industrial Organisation 9 60 English SECS-P/06
Business History 6 40 English SECS-P/12
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Management of Innovation 6 40 English SECS-P/08
Performance Measurement and Control Systems 9 60 English SECS-P/07
Quantitative Methods 12 80 English SECS-S/01 SECS-S/03
Third trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Business and Commercial Law 6 40 English IUS/04
Corporate Finance 6 40 English SECS-P/09
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Digital Marketing and Innovation 9 60 English SECS-P/08
Internet Economics and Digital Business 9 60 English SECS-P/01
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Innovation in Marketing Channels 9 60 English SECS-P/08
Strategies and Tools for Industry 4.0 9 60 English SECS-P/08
Conclusive activities
Courses or activities ECTS Total hours Language SSD
Compulsory
Final Exam 15 0 English
First trimester
Courses or activities ECTS Total hours Language SSD
Optional
Laboratory "Venture Design and Growth Mindset" 3 20 English SECS-P/08
Socially responsible investing 3 20 English
Second trimester
Courses or activities ECTS Total hours Language SSD
Optional
Laboratory "Organizational Change in the Age of Complexity" 3 20 English SECS-P/10
Study plan rules
1 - Students must get 6 CFU/ECTS either through an internship or lab attendance (please check https://mie.cdl.unimi.it)
2 - Students must get 9 CFU/ECTS by chosing one or more elective activity/ies. It is suggested to choose among MIE, MEF, EPS and DSE courses.
First year courses are propaedeutic to second year courses.
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Advanced Industrial Organisation 9 60 English SECS-P/06
Business History 6 40 English SECS-P/12
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Management of Innovation 6 40 English SECS-P/08
Performance Measurement and Control Systems 9 60 English SECS-P/07
Quantitative Methods 12 80 English SECS-S/01 SECS-S/03
Third trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Business and Commercial Law 6 40 English IUS/04
Corporate Finance 6 40 English SECS-P/09
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
New Business Start-Up 9 60 English SECS-P/08
Private Equity and Venture Capital 9 60 English SECS-P/11
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Advanced Strategic Management 9 60 English SECS-P/07 SECS-P/08
Social and Sustainable Entrepreneurship 9 60 English SECS-P/08
Conclusive activities
Courses or activities ECTS Total hours Language SSD
Compulsory
Final Exam 15 0 English
First trimester
Courses or activities ECTS Total hours Language SSD
Optional
Laboratory "Venture Design and Growth Mindset" 3 20 English SECS-P/08
Socially responsible investing 3 20 English
Second trimester
Courses or activities ECTS Total hours Language SSD
Optional
Laboratory "Organizational Change in the Age of Complexity" 3 20 English SECS-P/10
Study plan rules
1 - Students must get 6 CFU/ECTS either through an internship or lab attendance (please check https://mie.cdl.unimi.it)
2 - Students must get 9 CFU/ECTS by chosing one or more elective activity/ies. It is suggested to choose among MIE, MEF, EPS and DSE courses.
First year courses are propaedeutic to second year courses.
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Advanced Industrial Organisation 9 60 English SECS-P/06
Business History 6 40 English SECS-P/12
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Management of Innovation 6 40 English SECS-P/08
Performance Measurement and Control Systems 9 60 English SECS-P/07
Quantitative Methods 12 80 English SECS-S/01 SECS-S/03
Third trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Business and Commercial Law 6 40 English IUS/04
Corporate Finance 6 40 English SECS-P/09
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Property Rights: Legal Aspects 9 60 English IUS/04
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Data Management for Intellectual Property Rights 9 60 English SECS-P/10
Management of Licensing 9 60 English SECS-P/08
Managing and Evaluating Intellectual Property Rights 9 60 English SECS-P/08 SECS-P/09
Conclusive activities
Courses or activities ECTS Total hours Language SSD
Compulsory
Final Exam 15 0 English
First trimester
Courses or activities ECTS Total hours Language SSD
Optional
Laboratory "Venture Design and Growth Mindset" 3 20 English SECS-P/08
Socially responsible investing 3 20 English
Second trimester
Courses or activities ECTS Total hours Language SSD
Optional
Laboratory "Organizational Change in the Age of Complexity" 3 20 English SECS-P/10
Study plan rules
1 - Students must get 6 CFU/ECTS either through an internship or lab attendance (please check https://mie.cdl.unimi.it)
2 - Students must get 9 CFU/ECTS by chosing one or more elective activity/ies. It is suggested to choose among MIE, MEF, EPS and DSE courses.
First year courses are propaedeutic to second year courses.
Location
Milano
Course locations
Faculty of Political, Economic and Social Sciences (SPES) - Via Conservatorio, 7 - 20122 MILANO

The tuition fees for students enrolled in Bachelor's, Master's and single-cycle degree programmes are divided into two instalments with different calculation methods and payment schedules:

  • The amount of the first instalment is the same for all students
  • The amount of the second instalment varies according to the ISEE University value, the degree programme and the student status (on track / off track for one year or off track for more than a year) 
  • An additional fee is due for online programmes

The University also offers:

  • Concessions for students meeting high merit requirements
  • Diversified tuition fees according to the student's home country for international students with assets/income abroad
  • Concessions for international students with refugee status

Scholarships and benefits

The University provides a range of financial benefits to students meeting special requirements (merit, financial or personal conditions, international students).

Learn more