Business Innovation

The core of the program is to learn to test new ideas and launch new products/services on the market faster by identifying and adding value to customer needs.

Throughout the program students work in teams and on real-life innovation projects. Courses are led by industry experts and designed in workshop style for maximum learning outcome. Teams get coaching and business mentoring from established executives. Upon graduation the students are prepared to lead innovation units in companies.

During the programme student teams take on real-life business cases and go through all phases of business innovation from verifying customer need, developing a business model and eventually creating a prototype.

The core of the programme is to provide a rapid development of an idea into a sustainable business case.

The programme was launched due to the reason that validating new ideas tends to be a bottleneck for companies and often new products/services, that are launched, fail in the market after significant investments have been made. We believe there is a need for managers who can efficiently launch products and services.

The goal of the programme is to:

• provide experienced specialists, entrepreneurs and managers with knowledge and practical skills in innovation management through an innovation project which is developed throughout the programme;
• upon the completion of the programme the students may continue their business activity with the innovation project that was started and developed within of the programme;
• enable to assess, test and develop the innovative and technology-based business ideas in the knowledge-based educational and developmental environment.

The professional profile of the graduates:

• managers of business- or development projects;
• managers of incubators, accelerators and technological spin-offs, and developers of technological entrepreneurship;
• evaluators of venture capital based investments;
• positions in the field of entrepreneurship that require the assessment of the need for innovation, its launch and the skills of team leadership.

Upon successful completion of the programme a graduate shall:

• know the principles of financial planning, funding and legislative environment of business projects;
• be able to develop the marketing-, sales- and negotiation strategies, and be able to present the value offer projected value;
• be able to analyse and implement innovation strategies and use a business model as a tool for strategic planning and innovation management;
• have developed one or more business projects in a team and proven the feasibility of a project in the market, by having also passed the stages of evaluation, creation of a prototype commercialisation.

The Business Innovation bachelor's degree program at Estonian Business School is designed to equip students with comprehensive knowledge and essential skills required to excel in the dynamic world of modern business. Throughout the program, students will explore a wide range of topics, including entrepreneurship, innovation management, strategic thinking, and digital transformation. The curriculum combines theoretical foundations with practical applications, ensuring that graduates are well-prepared to develop innovative solutions, launch new ventures, and adapt to rapidly changing market environments.

Students will gain a deep understanding of how to identify business opportunities, develop creative ideas, and implement effective strategies that foster sustainable growth. The program emphasizes entrepreneurship and innovation as key drivers of competitiveness in the global economy. Participants will learn through a variety of teaching methods, including case studies, project-based learning, internships, and collaborations with industry partners. This hands-on approach allows students to apply their knowledge in real-world contexts and build a strong professional network.

Moreover, the program offers specialized courses in areas such as digital marketing, business analytics, product development, and organizational change management. This interdisciplinary approach prepares students to think critically and act strategically, with a clear focus on fostering innovative thinking within organizations. International exposure is also a core component, with opportunities for student exchanges and participation in international projects, helping students develop a global mindset.

Graduates of the Business Innovation program will possess the skills needed to pursue careers as business consultants, startup founders, innovation managers, or corporate entrepreneurs. They will be equipped to lead initiatives that introduce new products and services, optimize business processes, and drive digital transformation. The program aims to inspire creative problem-solvers who are eager to contribute to the evolution of business practices and create value in a diverse range of industries.

Upon completion, students will have a solid foundation in business principles combined with a forward-thinking approach that emphasizes agility, adaptability, and continuous innovation. The Estonian Business School's Business Innovation bachelor’s program prepares graduates not only for immediate employment but also for lifelong learning and ongoing professional development in the rapidly changing landscape of modern business.

Programme Requirements:

Applicants seeking admission to the Business Innovation programme at Estonian Business School are required to possess a relevant secondary education diploma or equivalent qualification recognized by the Estonian educational authorities. Prospective students must demonstrate proficiency in English, typically through standardized tests such as TOEFL or IELTS, unless they have completed previous education in English-medium institutions, in which case this requirement may be waived. The minimum IELTS score accepted is generally 6.0, with no section score below 5.5, or an equivalent TOEFL score of 79 points.

Candidates are also expected to submit a completed application form along with official transcripts of previous academic achievements. A motivation letter is often required to assess the applicant’s interest in business innovation and their career aspirations within this field. Some programs may conduct an interview, either in person or online, to evaluate the applicant’s communication skills and motivation levels.

Additionally, relevant work experience or extracurricular activities related to entrepreneurship, innovation, or business development can strengthen an application, although they are not always mandatory. The admissions committee looks for applicants with analytical thinking skills, creativity, and a strong drive for innovation in business contexts.

Finally, applicants must meet any specific entry requirements set by the university for the year of admission, which may include particular subject prerequisites or minimum grade point averages. Once all documentation is submitted and requirements are verified, successful candidates are offered admission to the programme.

The financing options for the Business Innovation program at Estonian Business School (EBS) include a range of possibilities designed to support both domestic and international students in funding their studies. Students can explore scholarships based on merit or need, which are awarded by EBS to outstanding applicants or those demonstrating financial need. Additionally, there are government-supported study loan programs available for eligible students, allowing them to access affordable financing with favorable repayment terms. EBS collaborates with various financial institutions to facilitate student loans, making higher education more accessible. International students may also be eligible for specific scholarships or grants offered by partner organizations or the Estonian government to promote internationalization. Besides scholarships and loans, students have the opportunity to seek partial financial aid through work-study arrangements or part-time employment opportunities coordinated by EBS, which are designed to help students supplement their income during their studies. The institution also advises students to explore external funding options from their home countries, including private foundations or governmental scholarship programs, which sometimes support students studying abroad. EBS provides comprehensive guidance and counseling on financing options, ensuring students are aware of all available resources. The program’s fees are articulated clearly on the university’s official website, along with detailed information on the application procedures for scholarships and loans. The integrity and transparency of the financing process are maintained to ensure students can plan their finances effectively. Overall, EBS strives to make Business Innovation education accessible by combining institutional funding opportunities with external sources, thus alleviating the financial barriers that students might face.

The Business Innovation program at the Estonian Business School is designed to equip students with the skills and knowledge necessary to navigate and lead in today's dynamic business environment. This program emphasizes innovative thinking, strategic development, and practical application of entrepreneurial principles. Students are introduced to various aspects of business creation, management, and digital innovation, preparing them to become effective leaders and entrepreneurs. The curriculum covers topics such as business modeling, product development, market analysis, digital transformation, and innovation management. Throughout the program, students engage in project-based learning, team collaborations, and real-world case studies to foster creativity and problem-solving skills. The program is suitable for individuals interested in starting their own enterprises, leading innovation initiatives within organizations, or pursuing careers in consulting and management. Estonian Business School aims to provide an international learning environment, so the program often includes opportunities for international exchange and cooperation. Graduates of Business Innovation are well-prepared to launch new businesses, drive innovative projects within existing companies, or pursue further studies in business and innovation fields. The program combines theoretical coursework with practical exercises to ensure that students gain applicable skills and experience. Emphasis is also placed on developing entrepreneurial mindset, leadership qualities, and the ability to adapt to rapid technological changes. The Estonian Business School’s reputation for entrepreneurship and innovation is reflected in the program’s rigorous curriculum and close ties with industry partners. This educational approach ensures students are competitive and capable of contributing to economic development and technological advancement in Estonia and beyond.