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Do you want to make a difference as an innovator? Companies and other private and public organisations must be able to create value in the global business world. Therefore, the ability to create and develop business is one of the key competences in new companies, in large well-established private organisations, as well as in small and medium-sized companies, and in the public sectors knowledge and service organisations. Studying Entrepreneurial Engineering, you will be well-equipped to enter the business world and make a difference.Technical competences and business savvy
The Entrepreneurial Engineering programme develops mind-set and skills that enable you to create and realise new value for people and organisations. You and your fellow students will bring different mostly - technical competences into the programme, and the purpose is to creatively combine these technical competences with business savvy in order to create new value. With a foothold in your technical background, you will learn to generate, develop and realize ideas. From idea to reality - from thought to action.
Business creation and business development competences are keys to the global business arena of the future. Furthermore, it is a requisite for a range of organisations, from large private and public companies to small and medium-sized companies, start-up companies, as well as public service and knowledge-based organisations. Through the Masters programme in Entrepreneurial Engineering, you have the opportunity to acquire the tools, methods, knowledge of processes, as well as an organisational and managerial understanding of innovation and entrepreneurship that will allow you to make a difference.
The Entrepreneurial Engineering is a two-year full-time Masters programme (120 ECTS), consisting of four semesters and seven courses.
The programme and the semesters are built around three generic activities, which are part of the process of creating new value: Discovery, incubation and acceleration. Discovery concerns new opportunities, incubation is about developing and testing new concepts and acceleration deals with realising new value. The study programme emphasises a natural progress, which is why you will work with discovery on the first semester, incubation on the second and acceleration on the third semester. When carrying out the Masters Thesis, you can work with all three subjects at the same time as you can add whichever perspective you might find interesting to the project. . Each semester has an Intro (introduction) and an Outro (reflection), and the first three semesters have inspiring and supportive courses to underpin the team based project work.
At the first semester, your journey takes you through theory, workshops and training in exploring needs/opportunities, idea generation and development, concept development and business development processes, methods, tools and validation methods. The semester is started off with a week of introduction to the whole programme and training in a constructive creative mind-set.
The courses of this semester will provide you with a basic understanding of entrepreneurship theory and practice, training in entrepreneurial processes and business planning, as well as insight into corporate innovation and business development.
Entrepreneurial Practice is the theme of the first semesters project, which is carried out in teams of students with different backgrounds. The purpose is discovery and the aim is to develop your professional curiosity, an explorative mind-set, understanding of users, and abilities to find/generate ideas and figure out why ideas are good.
The following are examples of projects on first semester:
- How are ideas generated and concepts developed for a new technical device (e.g, a baby alarm, a computer virus that attack other computer viruses, a GPS for Pets) and how is a business case solved with the purpose ofpreparing a presentation for an experienced business developer/company
- A business case concerning a technique to monitor moles for the purpose of generating value in terms of money and life? And how can the business case in practice be matured and brought to market?
- How to develop a conceptual solution based on a corporate ideaHow to develop a business case based on a university knowledge-based opportunity.
Projects can be carried out in collaboration with different partners such as companies, research projects, public organisations and the partners can be involved at various levels and in various length of time.
This semester in fact all semesters - ends with an outro an evaluation and reflection on the semester work processes and results.
On the second semester, the following question is explored: How is the idea going to create value and business?
The keywords are prototyping, experimenting, incubation, and the aim is to use these means to maximise learning about market/users and technology/service. Is there a potential need, does the idea work and can it be realised?
Through the courses, you will obtain knowledge of advanced theories, methods, tools. Also, you will train in fast prototyping and design thinking, co-development, market research, resourcing of new business. At last, you will be able to combine all these subjects by working with business modelling.
Examples of projects on the second semester, Entrepreneurial Tactics:
- How to develop a business model for a new concept for increasing the power output from windmills
- How to incubate a business case about a technique to monitor moles in order to generate value in terms of money and life? And what kind of tactics is needed in order to develop the innovative potential at the same time as bringing the product to market?
- How to incubate your own idea
You will be part of Aalborg Universitys exciting WOFIE event and most likely engage in other innovative new project such as the Solution Hub.
During the the first two semesters, you will be able to develop your creativity through Creative Camps, facilitation of creativity through project work, theory on creativity and a daily training programme for enhancing and sustaining creativity in your work and everyday life.
The third semester emphasizes the important and challenging issue of implementation or how to accelerate the business. During the semester, you will work with questions such as: How can the business be scaled (ramped up) and developed? These activities often include largeinvestments.
This is why, on the third semester, you have the opportunity to work more closely with different external partners or to work towards establishing your own knowledge-based business. You can for instance collaborate with an established corporate business development setting, an entrepreneurial firm or a small/medium size company or a public organization. Essentially, any partner, who are willing to let you become part of the learning processes concerning innovation and entrepreneurship.
Examples of semester activity include such variety as:
- How can I start up a business based on this great idea?
- How can this large firms new business area develop so that it becomes part of the on-going business?
- How can a subsidiary of a Danish company build a new business area in South-America or Asia?
- How can the implementation of of a well-developed concept be facilitated in a small company with few available resources?
- How can a university-based technology become a viable business?
- How can the municipality implement a cross-sectional welfare service?
In order to research these subjects , the third semester has a flexible design. You can choose to do an internship in Denmark or abroad or you can choose to carry out a regular project. On this semester, you are expected to draw on knowledge obtained in the previous semesters. Moreover, you can choose a 5 ECTS course of interest, and in fact up to 15 ECTS project points can be obtained through course work. At last, the third semester can be part of a one year masters project, allowing more time to cope with innovation processes, which are often lengthy of nature.
The fourth semester is devoted to the Masters thesis. When carrying out the Masters Thesis, you have the opportunity to document the knowledge, skills and competences you have acquire throughout the study programme. Besides demonstrating the knowledge you have obtained in the Masters programme, you also add a specific perspective to the project or elaborate on a specific area of own interest.. The Thesis may, as mentioned before, also be an extension of the third semester project, where you have the option of creating and building your own business.