Master of Science in Entrepreneurship and Innovative Ventures


Program Description


The MS degree in entrepreneurship and innovative ventures focuses on the entrepreneurial and innovation process, by which inventions or creative new ideas are brought to market. Graduates achieve a unique combination of technical and business expertise that is especially relevant to start-up ventures or professionals supporting small business start-ups.

Plan of study

The program requires students to complete 30 credit hours consisting of six required core courses designed to increase a student’s knowledge of accounting, organizational behavior and leadership, technology management, entrepreneurship, marketing, and product commercialization; two innovation courses that increase student's knowledge of managing the innovation process; and two elective courses that provide students with additional background in areas of interest.

International Students: F-1 OPT STEM 17-Month Work Extension

International students receiving the MS in entrepreneurship and innovative ventures degree qualify to apply for a 17-month work extension to their OPT (Optional Practical Training) period. This extension means that students could be eligible for up to two and a half years of work in the United States.

The extension is exclusive to qualifying STEM (science, technology, engineering or math) focused programs. The MS in entrepreneurship and innovative ventures program qualifies for an F-1 OPT STEM Extension, under the CIP Code 27.0305-Financial Mathematics in the 2012 STEM-Designated Degree Program List published by the U.S. Immigration and Customs Enforcement (ICE) office. For more information please visit the U.S. Citizenship and Immigration Services (USCIS)webpages: Understanding F-1 OPT Requirements and Questions and Answers: Extension of Optional Practical Training Program for Qualified Students.


  • Electronic and Computer Hardware
  • Animal and Wildlife
  • Consumer Packaged Goods
  • Retail Stores


Entrepreneurship and innovative ventures, MS degree, typical course sequence

  • MGMT-755 Negotiations
  • MGMT-730 Technological Entrepreneurship
  • MGMT-720 Entrepreneurship and New Venture Creation
  • FINC-605 Financing New Ventures
  • MGMT-765Applied Venture Creation*
  • Graduate Electives†
  • Program Electives

* Students enrolled in Applied Venture Creation (MGMT-765) may work on their own project in the course or they may work on a project in conjunction with Venture Creations, RIT's business incubator.
† Graduate electives taken at RIT may be courses outside Saunders College.

Admission Requirements

To be considered for admission to the MS program in entrepreneurship and innovative ventures, candidates must fulfill the following requirements:

  • Complete a graduate application.
  • Hold a baccalaureate degree (or equivalent) from an accredited university or college.
  • Submit official transcripts (in English) of all previously completed undergraduate and graduate course work.
  • Have a minimum cumulative GPA of 3.25 to have GMAT requirement waived*.
  • Submit scores from GMAT or GRE (GMAT preferred). Scores cannot be more than five years old.
  • Submit an essay based on one of the following topics: (1) describe an ethical dilemma you have faced and how you resolved it; (2) explain what you have learned from a managerial, leadership, or team experience that was not completely successful; or (3) describe your greatest professional achievement and how you added value to your organization. The essay should be typed, double-spaced, and two pages in length.
  • Submit a current resume or curriculum vitae.

*The GMAT may be waived if an applicant has a GPA of 3.25 or higher, or they can present evidence of professional work experience of six or more years. Students who cannot submit a GMAT, GRE, or one of the two waiver requirements may be considered for admission on a case-by-case basis.

Last updated Oct 2019

About the School

With more than 80 graduate programs in high-paying, in-demand fields and scholarships, assistantships and fellowships available, we invite you to take a closer look at RIT. Don't be fooled by the word ... Read More

With more than 80 graduate programs in high-paying, in-demand fields and scholarships, assistantships and fellowships available, we invite you to take a closer look at RIT. Don't be fooled by the word "technology" in our name. At RIT, you will discover a university of artists and designers on the one hand, and scientists, engineers, and business leaders on the other – a collision of the right brain and the left brain. Read less