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Master in Entrepreneurship and Innovation (professionnel)

Block B1 : Entrepreneurship (6 ECTS)

  • Entrepreneurship in the new, global economy
  • Enterprise culture and values
  • Theories of entrepreneurship: myths and schools of thought
  • Creativity and opportunity identification
  • Four entrepreneurial environments
  • Entrepreneurial management and intrapreneurship
  • Strategic entrepreneurship and leadership
  • Business plans: purpose, structure, content and presentation
  •  Starting a new business
  •  Growth, learning and dynamic capabilities of small firms

Course design and organization: Prof. D. Fletcher (University of Luxembourg)

Block B2 : Managing innovation (6 ECTS)

  • The dynamics of innovation
  • Organising innovation in the firm
  • Organising innovation outside the firm
  • Organising innovation in communities and user innovation
  • Managing convergence in innovation
  • Innovation and sustainability 

Course design and organization: Prof. F. Hacklin (ETH), Prof. M. Wallin (ETH)

Block B3 : Marketing (6 ECTS)

  • Market segments and international marketing programs
  • The growing importance of brand names
  • Cultural differences in marketing and how to handle them
  • International strategies when establishing businesses in different countries

Course design and organization: Prof. O. Feurst (University of Gotland), Prof. S. Hollensen (University of Southern Denmark)

Block B4 : Finance (6 ECTS)

  • Risk, return and valuation principles
  • Typology and forecasting of revenues and expenses
  • Integrated business plan
  • Capital budgeting: risk and cost of capital
  • Debt: limits and valuation of debt financed investments
  • Real options
  • Venture capital industry and investment process
  • Structuring venture capital deals
  • Exit strategies
  • Business valuation and harvesting decisions

Course design and organization: Prof. H. Das (IMI Delhi) and Prof. P. Soares de Pinho (Universidade Nova de Lisboa)

Block B5 : Tools (6 ECTS)

  • Financial accounting
  • Negotiation techniques

Course design and organization: Financial accounting: Prof. A. Müssig (University of Luxembourg), Negotiation: Prof. A. Colson (ESSEC)


Block B6 : Practical project work and the Master’s thesis (30 ECTS)

The objective of this block is to enable joint learning and the exchange of experience and knowledge between mentor organizations, students and faculty. The output of this block will be a Master’s thesis based on an internship project or an independent and original research project conducted by the student.

Depending on the track chosen by the student, time is either fully devoted to project work (General Entrepreneurship track) or split between the acquisition of technology/industry knowledge and project work (Bio- and ICT-Entrepreneurship tracks). The Bio-Entrepreneurship track is supported by the Luxembourg Centre for Systems Biomedicine (LCSB) whereas the ICT-Entrepreneurship track is supported by the Interdisciplinary Centre for Security, Reliability and Trust (SnT), both centres being part of the University of Luxembourg.

During an internship, students will apply models and concepts taught at the University to a specific challenge faced by the mentor company. Students will be called upon to address and help implement solutions within their companies, and this project in turn will provide most of the material for their Master’s thesis.

Some students can opt for their personal, independent research project, analyzing the opportunities and economic value of a business model of their own. Throughout this process, faculty members will continue to provide personal attention and guidance to the students, and to animate the relation between students and mentor companies through seminars and experience-sharing meetings.

The objective sought is to establish a climate conducive to knowledge exchange and learning. All parties involved

will benefit by linking the professional and academic worlds in such a way.