Master of Science in Entrepreneurship and Innovation Management


Read more about this program on the school's website

Program Description

The Master’s Programme in Entrepreneurship and Innovation Management (EIM) provides students with an entrepreneurial attitude and skill set that can help them to create new businesses or innovate existing businesses. Addressing problems related to business, society and the environment requires creative ideas as well as a solid understanding of customer and market development. The program offers a learning experience where theory and practice are highly interlinked, preparing graduates for entrepreneurship-inspired career paths – ranging from founding and growing a startup to leading innovation inside any organization. To get a headstart in these careers, students are invited to join Aalto’s renowned entrepreneurship community and student-led initiatives such as Aaltoes, Slush and Junction.

Objectives of studies

Entrepreneurship and innovation are important engines of growth and renewal for our societies – in the private, public and non-profit sectors. This program is all about creating new ideas and turning them into viable products and services that generate economic, social and environmental value. Upon graduation from the Entrepreneurship and Innovation Management programme, graduates will have developed their:

  • Creativity. Graduates have cultivated curiosity by inventing, testing and designing new products and services.
  • Entrepreneurial mindset and know-how. Graduates are confident and equipped to start and develop new businesses around their ideas.
  • Leadership capabilities. Graduates have experience in managing complex projects and working in teams with colleagues from different backgrounds.
  • Tolerance for uncertainty. Graduates keep their head cool when leading companies in rapidly changing environments.
  • Solutions to real-life challenges. Graduates apply science- and theory-based learnings into solutions that respond to real-world problems.
  • Power to shape the world. Graduates are able to create successful businesses that have a positive financial, societal and environmental impact.

Scholarships and Tuition fees

The tuition fee is €15 000 per academic year for non-EU/EEA citizens.
Prospective students subject to tuition fees are eligible to apply for the Aalto University Scholarship.

Study language

The language of instruction is English.

Structure of studies

Entrepreneurship and Innovation Management is organized by the School of Business and comprises a total of 120 ECTS credits. The two-year programme consists of:

  • Programme studies (84 ECTS)
  • Minor studies (24 ECTS)
  • Electives (12 ECTS)

Students have the opportunity to complete the minor studies (24 ECTS) in an official exchange programme partner of the School of Business.

At the beginning of their studies, students define their Personal Study Plans (PSP) together with an academic advisor. The primary purpose of the PSP is to ensure that the studies support the student’s interests and are completed in a logical order.

Personal Study Plan (PSP)

Personal Study Plan (PSP) is a practical tool to define a student’s own study path, i.e. compiling an optimal selection of courses, aligned with the student's interests and programme requirements. PSP is also a useful tool for keeping up with studies as PSP helps to show the stage at which students are with their studies and sets concrete milestones for them to follow.

Post-graduate study options

The degree grants eligibility for doctoral studies.

Content of studies

Deriving knowledge from scientific theories and applying it into real-life solutions is characteristic of the challenge-based learning methodology of the Entrepreneurship and Innovation Management MSc. Live cases with companies, mentoring opportunities and pitching competitions let students practice entrepreneurship and innovation in a controlled environment with real customers, financiers and other stakeholders. Some EIM courses apply a “flipped classroom” approach where classroom time is devoted to interactive case analysis or group work, instead of traditional lecturing.

When selecting electives, students are able to focus on one of the following themes, or to combine them:

  • Creation and management of startup businesses
  • Sustainability with a spin on enterprise, policy and innovation
  • Corporate strategy and management consulting

Examples from the wide course selection:

  • Venture Ideation (6 ECTS)
  • Venture Formation (6 ECTS)
  • Sustainable Entrepreneurship (6 ECTS)
  • Market Entry Strategies for Entrepreneurial Business (6 ECTS)
  • Entrepreneurship and Society (6 ECTS)

International opportunities

Entrepreneurship and innovation are universal topics and draw ambitious students from all over the world. More than half of the EIM students are international and every third student goes on an exchange visit to another University as part of their studies. Some of the lecturers and most of the guest speakers come from the active Nordic entrepreneurship and innovation scene, including experienced innovation managers and leaders, successful founders, top-tier venture capitalists and well-known visiting professors.

Aalto University is international by nature, welcoming thousands of degree and exchange students from abroad each year. These students join the diverse Aalto community not only through studies but also through multiple free time events, activities and celebrations around the campus. Program administrators and student support services work rigorously to help international students integrate into the Nordic culture and feel at home in Finland.

Multidisciplinary opportunities

The Entrepreneurship and Innovation Management program has high flexibility for multidisciplinarity: you can take a minor from any Aalto school and also widen your curriculum with several elective courses from different fields. Besides studies, the active entrepreneurship ecosystem of Aalto lures entrepreneurial minds also from other programs, schools and universities. EIM students, in particular, tend to be active collaborators in the Aalto’s startup scene, including the world’s leading startup event Slush, Europe’s largest hackathon Junction and Finland’s most prominent startup accelerator Kiuas – to name a few examples. All of these are student-led initiatives that have emerged from Aalto University’s entrepreneurship society Aaltoes.

Aalto University is well-known for bridging disciplines of business, arts, technology and science. The lively campus and freedom of choosing elective courses across the University bring students from different fields under one roof. This spontaneous multidisciplinarity environment sparks new ideas, gathers enthusiasts around them and gives birth to friendships, networks, and every so often, startups.

Career opportunities

Entrepreneurship and Innovation Management graduates possess extremely diverse career opportunities in the highly dynamic, competitive and uncertain world of business. As many of EIM graduates are passionate about creating something new on their own, they very often find themselves in creative roles. On top of that, they are well qualified for project management, consultancy or any other business function where a holistic mastery of a larger business entity is called for. EIM graduates' usual career paths include, for example:

  • Founding their own company.
  • Working in a startup, venture fund or other startup system organization.
  • Developing new products, services and concepts within an established firm.
  • Acting as a consultant for a diverse range of organisations on how to improve their innovativeness and how to commercialise new products and services.
  • Leading complex projects and innovation in larger for- or non-profit organizations.
  • Taking on an entrepreneurship/innovation specialist role in the public sector at regional, national or supra-national (EU, OECD) levels.

Aalto University has well-established career services which help you get employed in Finland and abroad. Aalto students tend to find good positions with ease upon their graduation. There is also a very active entrepreneurship community at Aalto, which can help as a springboard for founding a company. Finally, if an academic career is of interest, the Master’s programme in Entrepreneurship and Innovation Management is a great foundation for doctoral studies.

Admission dates

The admissions to Master's programmes at Aalto University in the field of Business and Economics are organised once a year. The application period for studies starting in autumn 2020 is from 2 December 2019 to 3 January 2020.

Here are the most important dates to remember:

  • 2 December 2019 – Application period begins and the online application system opens.
  • 3 January 2020 – Application period ends and the online application system closes.
  • 30 March 2020 – Admission results are published.
  • 28 April 2020 – Deadline for accepting the offered study place.

Last updated Nov 2019

About the School

At Aalto University, we believe in curiosity and we encourage our students to explore the unknown and do things in a totally new way. We offer the highest level of education in business, art and desig ... Read More

At Aalto University, we believe in curiosity and we encourage our students to explore the unknown and do things in a totally new way. We offer the highest level of education in business, art and design, architecture, and technology in Finland. Read less
Espoo , Helsinki , Pori , Mikkeli + 3 More Less