Start date: September 2017
Duration: 12 months full-time, or 24 months part-time
Fees: UK/EU - £11,800 or £6,010 (p/t), and Overseas - £25,890 or £12,680 (p/t) (for September 2018 entry - UK/EU £12,380 or £6,190 (p/t) and Overseas - £26,670 or £13,350 (p/t)
Application deadline: Applications for September 2017 are now closed. Applications for September 2018 entry will open on the 16th October 2017.
Entry: Minimum of 2:1 honours or equivalent in a relevant discipline. International students, please note that UCL’s English language requirement for this programme is a ‘Good’ - further details regarding this can be found at the UCL English Language Requirements page.
The MSc Entrepreneurship is designed for students who intend to start and run high impact, innovative businesses.
Right from the start of the programme, you will learn the skills and gain the tools to start an innovative, high impact new business. From the first week, you will be interviewing prospective customers, learning how to do “rapid prototyping”, using the tools of “lean” entrepreneurship, and pitching new ideas. Using UCL’s networks and reputation as a starting point to access London’s thriving entrepreneurship scene, you will find or develop a founding team and learn how to raise investor finance or “bootstrap” your business.
This course was the first of its kind in Europe, for its single-minded focus on giving you the knowledge, skills and network to start up successfully. We pride ourselves on our rate of successful startup creation and every year work to launch more successful startups. And, the skills you will learn are both the foundation of a career as a life-long entrepreneur and in high demand from a wide variety of employers: large and established firms who need innovative employees, and fast-growing firms in the exciting technology sector.
The challenges the world is facing require trained innovators to address them. On this course, you will find yourself among like-minded students who will be your allies during this training – and in some cases the co-founders with whom you will establish your future business.
The course may be pursued full time over one year, or part time over two years.
In summary this course is suitable for anyone who:
- Wishes to start a business now. We can help you with the development of your idea and introduce you to the London business community.
- Wishes to start a business at a later date, possibly in your home country if a foreign student. We can teach you the skills of researching and developing business ideas.
If you are not looking to start you own business, you may be better considering our MSc Management programme.
- The MSc Entrepreneurship was formerly called MSc Technology Entrepreneurship. The name change has reflected the fact that technology is now a feature of almost every startup business. The programme content remains the same, as does the objective of building high impact ventures.
- It is possible to take the programme over two years. For 2016/17, just under 20% of students were part-time, which has allowed them to continue working whilst studying.
- Part-time students are required to take specific modules in each of the two years.
- This MSc is heavily over–subscribed each year and has limited spaces available. You are advised to apply early.
The course is taught with a “learn by doing” approach. While, like any UCL Masters degree, a rigorous base of research underlies the programme, the emphasis is on supporting students to develop the skills needed to succeed as CEO and/or co-founder of a high impact, innovative business.
Modules are academically testing, require essays and reading key texts, and three of the eight modules include an end-of-year examination. However, all coursework is intended to give students an opportunity to develop a startup, and most of the teaching is collaborative, experiential and driven by “build measure learn” cycles where students take action, analyse and reflect on the effects caused by that action, and decide on the next action to take. Throughout the programme, we build in opportunities to connect with experienced, highly engaged mentors who, like our teaching team, are seeking to share their experience and wisdom with the “next generation” of entrepreneurs who come to UCL from around the world. We are often called an “incubator for people”.
The MSc Entrepreneurship teaching team is made up entirely of faculty with experience both of academia and of the world of industry and entrepreneurship, including three active venture capitalists and investors. As a team, we take enormous pride in our programme and the high standard of teaching we offer to aspiring entrepreneurs. There is no other post-graduate degree course like it in the world: based in a top global University, but also focused entirely on the creation of new high impact ventures, rather than on “innovation” more generally.
We are particularly proud of our support for female founders: historically, about one-third of the class each year has been female.
Students who are looking for a teaching team committed to delivering a transformative educational experience for would-be entrepreneurs should apply.
All students select one of four specialist pathways, aimed at giving them domain-specific knowledge, networks and skills.
Fintech Entrepreneurship – for students with a background in the financial services industry who intend to develop a fintech startup, in the world’s financial and fintech capital.
Health Care Entrepreneurship – for students who intend to develop a health care based startup in a University which boasts one of the world’s leading medical schools and Faculties of Life Sciences, Brain Sciences and Population Health Sciences, in the heart of London, where NHS innovation units and startup accelerators are multiplying.
Retail and Consumer Entrepreneurship – for students who intend to develop consumer services and products in Europe’s leading capital of the fashion, design, video gaming, food, retail, advertising, media, education, publishing, music, and creative industries.
Technology Entrepreneurship – for students who intend to develop high impact services and products which take advantage of emerging technologies or emerging business models enabled by technology (such as platforms).
Students select a Pathway on applying, but may change Pathways any time up to the end of Term 1, subject to the approval of the course director.
The programme structure comprises:
Term 1 - late September-December 2017
Term 2 - January-March 2018
MSING007: Entrepreneurial Finance
MSING010: Building High Impact Ventures
MSING037: Customer Development and Lean Startup
MSING016: Strategic Management of Entrepreneurial Ventures
MSING009: Managing the Growing Firm
MSING058: Entrepreneurial Marketing and Analytics
Pathway Electives (choose one):
MSING043: Fintech Entrepreneurship
MSING044: Health Care Entrepreneurship
MSING045: Retail and Consumer Entrepreneurship
MSING057: Technology Entrepreneurship
In Term 3 and up to early September 2018, students develop a dissertation project with a supervisor from the UCL Entrepreneurship teaching team. The project allows those who are “starting up” immediately to work full time on developing their startup, and those who are not starting up immediately to conduct field research-based investigations of the desirability, feasibility and viability of a business opportunity. The dissertation project is documented in a 10,000 - 12,500 word report.
Students have the ability to organise Treks to visit other startup ecosystems, which typically travel at the beginning of Term 3. Past treks have visited Tel Aviv and Silicon Valley. Note a place on these Treks is not guaranteed and they are student self-funded.
Who is this Programme Designed For?
We require a minimum of an upper second-class Bachelor’s degree from a UK university or an overseas qualification of an equivalent standard (see international students qualification equivalents). Under certain circumstances, candidates with an exceptional entrepreneurial background, but not meeting the above criteria, will be considered.
Together with the academic requirements, applicants normally must have:
- demonstrated interest in pursuing an entrepreneurial venture or career and must have undertaken entrepreneurial activities, not simply aspire to entrepreneurship
- in excess of two years’ work experience
If a prospective student has limited work experience, his or her undergraduate studies will normally lie in an area directly related to the Pathway they wish to pursue (see above for details of Pathways). Candidates with other qualifications may be considered but only provided that they are able to clearly demonstrate entrepreneurial capabilities in the selected Pathway.
Applicants who wish to pursue the Fintech Pathway will normally have work experience in the Financial Services sector.
Applicants who wish to pursue the Health Care Pathway will normally have experience and/or qualifications in medicine, health care or life sciences.
Applicants who wish to pursue the Retail and Consumer Pathway will normally have experience and/or qualifications in fashion, design, video gaming, food, retail, advertising, media, education, publishing, music, or the creative industries.
Applicants who wish to pursue the Technology Entrepreneurship Pathway will normally have experience and/or qualifications in computer science, design, mathematics, science, engineering, or technology.
Those with business or management undergraduate qualifications will need to demonstrate entrepreneurial capabilities. In most start-ups, a founding team member with no domain-specific experience or knowledge will be expected to “hustle”, i.e. to sell to customers and to negotiate. In the application process, applicants with no domain-specific experience will be assessed on their demonstrated desire to contribute in this way to an entrepreneurial venture.
For more information, email firstname.lastname@example.org
How to apply
Applications for the 2017/18 academic year are now closed. Applications
If English is not your first language, you will usually be required to take an IELTS test and reach the ‘good’ level: Details of the English language requirement for studying at UCL
UCL Admissions assess whether overseas degree qualifications fulfill the course requirements and they require a full application to be submitted with all relevant supporting documentation - such as degree transcripts and references - before they can make this assessment.
All enquiries about submitted applications should be directed to the UCL Admissions Department not UCL School of Management. UCL Admissions’ preferred method of communicating with applicants is by telephone using +44 (0)20 7679 7742 or 7381 rather than by email. However they can be emailed too: email@example.com.
2017/2018 fees. Fees for 2018/2019 will be announced shortly.
One Year Full-Time:
25 September 2017 - 27 September 2018
There is only one intake per year, in September at the beginning of the UCL academic year. In the first week new students take part in a dynamic range of induction events. Unlike some UCL Masters degrees, we do not operate a January intake.
Two Years Part-Time:
Part-time students attend formal sessions at UCL just two half-days per week. Part-time students are able to learn and engage with the vibrant UCL entrepreneurship community whilst building a new venture or working.
Scholarships and Bursaries
- The Fulbright Commission Award for a US graduate student to study MSc Entrepreneurship. For further information, please see Fulbright US to UK.
For UCL additional funding opportunities, please see scholarships and funding.
Innovation and Enterprise
UCL Innovation & Enterprise is UCL’s centre for entrepreneurship. Through UCL Innovation & Enterprise, students will be able to:
- attend inspiring weekly guest lectures delivered by leading business people and successful entrepreneurs.
- compete in the London Entrepreneurs Challenge, the China UK Challenge, and the Bright Ideas Award.
- network across the UCL’s world-leading Faculties of Engineering, Arts & Humanities, Brain Sciences, Life Sciences, Medical Sciences and the Bartlett, UCL’s Faculty of the Built Environment, to find fellow entrepreneurs and potential collaborators and co-founders.
- In Summer 2018, take part in the UCL Innovation & Enterprise Idea Accelerator.
- On graduation, many student startups continue their journey in the Hatchery. Others, at a stage where they have raised initial funding, continue at BASE KX, or IDEALondon, within UCL Innovation & Enterprise, or at Seedcamp, Techstars, Barclays Techstars, or Wayra outside it.
Follow them on Twitter: @UCLEnterprise
Like them on Facebook: UCLEnterprise
Join them on LinkedIn: UCL Innovation and Enterprise
The UCL School of Management is located at Level 38, One Canada Square, Canary Wharf, London’s global business district. The above photo is one of the many exciting views from this prestigious location. All facilities at the Bloomsbury campus will be available to students; many networking and collaboration events, and some teaching, will also take place in Bloomsbury or at UCL Innovation & Enterprise facilities, BASE KX and IDEALondon.
Entrepreneurship in London
London is one of the world’s leading centres of entrepreneurship. As of November 2016, there are hundreds of investors, dozens of “startup accelerators”, nearly 100 co-working spaces aimed at supporting startups, and thousands of would-be high impact startups. The “ecosystem effect”, in which startups thrive because of their access to the talent pool and capital attracted by the presence of other startups is well known and makes London one of the best places in the world to pursue a startup. The MSc in Entrepreneurship is focused on introducing its students to the heart of the relevant part of the ecosystem they most need in order to develop their startup.
Those considering pursuing the Fintech pathway should consider that the UCL School of Management is located at Level 38, One Canada Square, Canary Wharf – one floor below the world’s leading Fintech accelerator.
Those considering pursuing the Health Care pathway should consider that UCL’s Faculties in Health Care are world leading, providing unique collaboration opportunities, and that many of Europe’s leading health care accelerators are based in London.
Those considering pursuing the Retail and Consumer pathway should consider that London is the home of world-leading players in fashion, design, video gaming, food, retail, advertising, media, education, publishing, music, and creative industries.
Those considering pursuing the Technology Entrepreneurship pathway should consider that as of summer 2015, London is the home of 13 of Europe’s 35 “unicorns” (tech startup firms valued at over $1bn).
In terms of access to talent, capital and the innovation-oriented consumers and enterprises who make a startup’s first customers, London is the best option for pursuing entrepreneurship in Europe.
Our Approach to Careers
The MSc Entrepreneurship is a lifelong community. Our alumni continue to participate in the UCL ecosystem, and increasingly are hiring our graduates. Those who are working on a startup post-graduation continue to receive pitching and mentoring opportunities within the ecosystem.
We know that an increasing number– 40% of the graduating class of 2015– will continue to develop their startup rather than seek employment. However, others will want to secure additional work experience before starting their ventures.
Many of our alumni have gone on to build fantastic companies. Currently, 57 of our alumni are working as founders or co-founders.
- Zain Jaffer, a former part-time MSc Entrepreneurship student, has secured $25m in funding from Google and AOL Ventures for his company Vungle, an app video promotion start-up.
- Jan Senderek sold his startup, Loom, to Dropbox; his personal share of the proceeds was over €1m.
- Marcin Piatkowski raised £160,000 from crowdfunding site Crowdcube to launch his innovative chainless aluminium electric folding Jivr Bike - as reported in media such as The Daily Telegraph, Tech City News and Bike Biz, and his subsequent Kickstarter was oversubscribed by 80%.
- Alex Siljanovski, Manuel Zapata and Laura Davies launched BaseStone, an integrated platform and mobile app that enables engineers and architects to securely issue, review and manage their drawings. BaseStone is rapidly receiving a huge amount of interest and a number of awards within the construction industry, is working with the world’s leading construction businesses and has secured $700k in investment so far.
- Rodrigo Martinez founded WePow and has grown the business hugely, raising over $5m in investment.
- Joyce and Raissa Haas founded Double Dutch Drinks, which is growing rapidly, and recently won Richard Branson’s foodpreneur awards.
- Karoline Gross founded the adtech company Smartzer and raised a $400k seed round to grow the business just after graduation.
- Paul Varga and Tolulope Ogunsina founded Playbrush and conducted a successful Kickstarter campaign for Christmas 2015.
- Michael Langguth and Oyvind Henriksen founded Poq Studio and recently raised $500k in crowdfunded equity to fuel its growth.
These are just a few examples - Overall, among our 400 alumni, there are about 57 people currently working as founders and co-founders of high impact businesses.
In the most recent graduating class of 2015: 17, or 40%, of our 2015 graduates are currently developing 11 startups (several having created founding teams from within UCL). Half of these founders are women.
We are also very proud of those graduates who have gone on to exciting careers, using the innovation skills they have gained to make a difference for the organisations where they work. We know that many of them will start ventures in future years and will come back to UCL for mentoring and networking opportunities when they are ready to do so.
In particular, we have begun to see alumni take on vital positions within the London tech entrepreneurship ecosystem, supporting other startups: Magdalena Kron at the Barclays Techstars accelerator, Nick Slater at Capital List, Markus Gnirck and Cilia Li at Startupbootcamp Fintech. Other alumni work at tech firms such as Rocket Internet, Skimlinks, Justpark, Give Truly, Movinga, Apppli, Tradedoubler, Pager, Snip and Share, Dropbox, Webgains, and Amazon.
Other MSc Entrepreneurship graduates are employed at: Accenture Consulting and Technology, AIG, Astbury Marsden Consultants, Barclays Capital, BHP Billiton, Bloomberg Business & Financial News, BNY Mellon Banking, Boston Consulting Group, CHP Consulting, CITIC Group, Creative Consulting, Deloitte Consulting & Corporate Finance, E-Synergy, EDF Trading, Elexon, Ernst & Young, Evian, Fonterra, France Telecom (Orange), GreySpark Partners, IBM, KPMG, Lighthouse Analyst Relations, Novartis Pharmaceuticals, NTT Communications, Omnicom, Pegatron, Pepsico, Poten & Partners, PwC, Saatchi & Saatchi, Schneider Trading, SKIM Healthcare, TNS Global Market Research, UBS, Volkswagen Group, Wonder Auto Technology, ZenithOptimedia Investment Marketing.
As a MSc Entrepreneurship student, you will have access to a bespoke Careers and Employer Engagement programme and a dedicated careers team who will help you present yourself to graduate employers with confidence.
Our portfolio of careers support includes:
- Individual career coaching sessions with a Careers Consultant dedicated to the School of Management
- Exclusive industry insight sessions and employer-led events accessible only by School of Management students to inform your career choices
- Access to UCL School of Management alumni keen to support you with your career
For further information on the Careers provision for UCL School of Management, please see our Careers page. In addition to the bespoke activities within the School of Management, you also have access to the central UCL Careers provision.
Frequently Asked Questions