Management of Innovation and Entrepreneurship (MIE) - Classe Lm-77-Enrolled from 2018/2019 Academic Year Til 2020/21

Cortile scienze politiche
Master programme
A.Y. 2021/2022
LM-77 - Scienze economico-aziendali (EN)
Master programme
120
ECTS
Access
Open with entry requirements examination
2
Years
Milano
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 intended 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

FINANCE FOR INNOVATION CURRICULUM
Entrepreneurs of innovative firms
Financial analysts working for medium and large innovative companies
External financial consultants for small, medium and large innovative businesses
Financial analysis and investment managers working for investments banks, commercial banks, investment funds (venture capital, private equity, family offices?) and other financial intermediaries
Directors and managers of finance departments

Employment statistics (Almalaurea)
Admission to the Master programme in Management of Innovation and Entrepreneurship requires:

1) Curricular requirements

A - an Italian degree (ex. DM 270 /04) of the following classes or an Italian degree (ex DM 509/99) in the subjects equivalents to those listed above.

L-16 Scienze dell'amministrazione e dell'organizzazione
L-18 Scienze dell?economia e della gestione aziendale
L-33 Scienze economiche

B ? Candidates holding a different degree qualification can apply if they meet the following minimum requirements:
1. At least 50 CFU/ECTS in the areas of business/management, economics, mathematics, statistics and law by the deadline for admission application:
2. Out of these 50 CFU/ECTS:
_at least 24 CFU/ECTS in the area of business/management (SECS-P/07, SECS-P/08, SECS-P/09, SECS-P/10, SECS-P/11, ING-IND/35);
_at least 12 CFU/ECTS in the area of economics (SECS-P/01, SECS-P/02, SECS-P/03, SECS-P/06, SECS P/12);
_at least 12 CFU/ECTS in the area of mathematics and statistics (SECS-S/01, SECS-S/03, SECS-S/04, SECS-S/05, SECS-S/06, MAT/05, MAT/06, MAT/09);
In order to obtain the needed 50 CFU/ECTS applicants can also consider credits in law (IUS/04, IUS/05, IUS/07)

C ? For all candidates: appropriate English language knowledge skills, at least to level B2.

Candidates can prove their English language knowledge by presenting:
_a certificate, at least level B2, of proven international validity (e.g., TOELF, IELTS, etc.);
_a certificate attesting a B2 level test organized within the University;
_a certification attesting a higher education qualification (bachelor) obtained in English;
_a certification certifying the achievement of a university exam or English language qualification at least level B2, clearly stating the level achieved;
_a certification attesting the achievement of at least 60 ECTS in teaching activities carried out in English during the university course in Italy or through international mobility programs.

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.

2) Assessment of personal competencies and skills

Minimum curricular requirements cannot be considered as a verification of personal competencies and skills, which is mandatory. Admission is conditional on the assessment of the personal qualification by the Admission Board, whose member are appointed by the Faculty Board ? Collegio Didattico.

For candidates who meet the minimum requirements, assessment of personal competencies and skills is based on academic merit and choice coherence. To this end, each applicant must submit, together with the application:
_a detailed curriculum vitae (it refers to study and work experience, and any relevant achievements);
_a detailed study plan of the bachelor program, with the list of exams taken and relative grade, as well as average grade obtained and final degree.
_a short bio detailing the coherence of the candidate?s previous experience with MIE and the selected curriculum.
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 60 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. Grades obtained in business/management, mathematics and statistics courses are also part of the evaluation.
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 or written text for admission, held in English language and exclusively done via electronic devices (eg.: via skype or other platforms). The interview is aimed at verifying the skills as mentioned above. Details will be published on the website.

Applicants must obtain the bachelor degree by 31st December 2021.
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 in Management of Innovation and Entrepreneurship has activated two exchange programs with Université Côte d'Azur - Graduate School and Research of Economics and Management (ISEM, Sophia Antipolis, France) and Universidad Carlo III (Madrid, Spain).
The Master of Science in Management of Innovation and Entrepreneurship has also 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.

Students can also join the traineeship programme (Placement), by going abroad from 2 up to 12 months, starting their traineeship from the first year of study. For a traineeship which is an integral part of the curriculum, the sending institution must give full academic recognition for the period spent abroad. For a traineeship that is not part of the curriculum of the student, the sending institution shall provide recognition at least by recording this period in the Diploma Supplement or, in the case of recent graduates, by providing a traineeship certificate.
Strongly recommended.

Courses list

course year not available
First trimester
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Advanced Industrial Organisation 9 60 English SECS-P/06
Business History 6 40 English SECS-P/12
Corporate Finance 6 40 English SECS-P/09
Second trimester
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Management of Innovation 6 40 English SECS-P/08
Performance Management 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 Max ECTS Total hours Language SSD
Compulsory
Business and Commercial Law 6 40 English IUS/04
First trimester
Courses or activities Max 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 Max 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
There are no specific sessions for these activities (e.g. open online courses).
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Final Exam 15 0 English
First trimester
Courses or activities Max ECTS Total hours Language SSD
Optional
Laboratory "socially Responsible Investing" 3 20 English
Second trimester
Courses or activities Max ECTS Total hours Language SSD
Optional
Laboratory "organizational Change in the Age of Complexity" 3 20 English SECS-P/10
Third trimester
Courses or activities Max ECTS Total hours Language SSD
Optional
Laboratory "venture Design and Growth Mindset" 3 20 English SECS-P/08
Optional activities and 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.
course year not available
First trimester
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Advanced Industrial Organisation 9 60 English SECS-P/06
Business History 6 40 English SECS-P/12
Corporate Finance 6 40 English SECS-P/09
Second trimester
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Management of Innovation 6 40 English SECS-P/08
Performance Management 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 Max ECTS Total hours Language SSD
Compulsory
Business and Commercial Law 6 40 English IUS/04
First trimester
Courses or activities Max 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 Max 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
There are no specific sessions for these activities (e.g. open online courses).
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Final Exam 15 0 English
First trimester
Courses or activities Max ECTS Total hours Language SSD
Optional
Laboratory "socially Responsible Investing" 3 20 English
Second trimester
Courses or activities Max ECTS Total hours Language SSD
Optional
Laboratory "organizational Change in the Age of Complexity" 3 20 English SECS-P/10
Third trimester
Courses or activities Max ECTS Total hours Language SSD
Optional
Laboratory "venture Design and Growth Mindset" 3 20 English SECS-P/08
Optional activities and 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.
course year not available
First trimester
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Advanced Industrial Organisation 9 60 English SECS-P/06
Business History 6 40 English SECS-P/12
Corporate Finance 6 40 English SECS-P/09
Second trimester
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Management of Innovation 6 40 English SECS-P/08
Performance Management 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 Max ECTS Total hours Language SSD
Compulsory
Business and Commercial Law 6 40 English IUS/04
First trimester
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Property Rights: Legal Aspects 9 60 English IUS/04
Second trimester
Courses or activities Max 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
There are no specific sessions for these activities (e.g. open online courses).
Courses or activities Max ECTS Total hours Language SSD
Compulsory
Final Exam 15 0 English
First trimester
Courses or activities Max ECTS Total hours Language SSD
Optional
Laboratory "socially Responsible Investing" 3 20 English
Second trimester
Courses or activities Max ECTS Total hours Language SSD
Optional
Laboratory "organizational Change in the Age of Complexity" 3 20 English SECS-P/10
Third trimester
Courses or activities Max ECTS Total hours Language SSD
Optional
Laboratory "venture Design and Growth Mindset" 3 20 English SECS-P/08
Optional activities and 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.
Course location
Milano
Presidente del Collegio Didattico
Prof.ssa Clodia Vurro
Contacts