Chat

Need Help?

Mon - Fri: 8am - 4pm EDT

About The Program

Above all else, Smith's Master of Management Innovation & Entrepreneurship launches your career in the innovation or start up ecosystem. Throughout the duration of the program, you will work on the development, design and activation of your innovative ideas. Additionally, you will develop your business acumen through three boot camp style sessions at Smith and virtually throughout the year. As a result, the program provides maximum flexibility for students to personalize their experience.

The program may be completed as full immersion on campus, virtually, as your side hustle, or any combination. In other words, you may choose to work on your innovation project at Smith or anywhere else. If you are currently employed or working on your own startup, you are not required to relocate to Kingston for the program.

Innovation Project Course

The major year-long project course is an opportunity to explore your ideas, create opportunities for experiential learning, and launch a project that moves you forward exponentially in achieving your personal goals.

The experiential learning is fully self-driven and supported by a peer advisor group and MMIE Advisor/Coach. The role of the group is to help each other achieve your goals while keeping each other accountable, motivated and focused on the steps forward as you learn and pivot as needed

All students no matter what opportunities you pursue, receive the same content, learning and access to all the same resources and services. 

The four key learning outcomes of the program are:

Entrepreneur

  • Start up a new business
  • Scale up your existing business

Intrapreneur

  • Innovation roles within an organization
  • Roles within the startup economy and ecosystem

Intensive Boot Camp Style Sessions at Smith

The program includes three highly intensive on-campus sessions in which you will develop your business acumen and learn the tools and techniques you need to succeed. In between boot camp sessions, you are learning through experiences such as working on your project in which you 'learn by doing' what has been taught in the boot camp as well as interactive, online content. Students immersed on campus are part of the pan-university incubator/accelerator and all students, whether remote or not, can visit and spend as much time as needed assessing the incubator, engineering labs, and SparQ Maker space anytime throughout the year.

Lego

Program Curriculum and Schedule

The program schedule consists of three phases.

Phase 1: Innovation & Startup Fundamentals

Preparation work will start immediately with readings and tasks required to be ready for Boot camp #1.

First boot camp (September 11 - 22, 2021)
(**these dates may be subject to change)

The first boot camp includes opening sessions for the following courses
Creating Ventures
Systems and Design Thinking
Marketing and Selling the New Venture
Innovation in Practice
Market & Industry Research & Analysis Major Project

Between the September and December boot camps, the MMIE program is heavily focused on academics and the discovery phase of the major project. Virtual support is provided from Faculty, your peers and your Advisor. Students work on completing interactive online learning and assignments for the five courses started in the August boot camp. There are synchronous video conference Q & A sessions with the Faculty and Program Admin team.

This preparation and foundational phase of the program is critical for the experiential second half of the MMIE.

Phase 2: Project Management & Execution 

Second boot camp (December 4 - 12, 2021)
Virtual boot camp: (January 15 - 22, 2022)

The second boot camp includes opening sessions for the following courses
Managing Technology and Innovation
Financing the New Venture

From January to April students shift gears into the first phase of the experiential half of the program. Working with their peers and Advisor on the planning, launch and execution of their major project. Academics continue with completing the interactive online learning and assignments for the two courses started in the December boot camp.

Phase 3: Financing & Scaling Your Project

Third boot camp (April 23 -  May 1, 2022)

The third boot camp brings it all together
Corporate Hackathon
Conclusion of Financing the New Venture
Negotiations
Scaling and Exits

From May to July students are fully focused on the experiential, "Doing to Learn", part of the program. Relying heavily on peers and support from their Advisor, students start to scale their projects and complete milestones worth celebrating. The entrepreneur project students will be given an opportunity to apply to pitch to our group of Angel Investors as part of their final deliverable. Intrapreneur students present their project to the organization.

Creating Ventures

This course provides an overall framework, with which students can begin to understand the elements, and the complex relationships among them, that lead to both entrepreneurial and innovation success. This course is the first in the program, and will serve to introduce specific topic areas that will be covered in greater depth throughout the remainder of the program. The course will be delivered in a concentrated and experiential fashion at the start of the program, so that students can experience the entire innovation context and use it as a first step in further discovering their specific area of focus within the program. Specific topics include: characteristics of successful entrepreneurs and innovators; business model, business case and business plan development; and structures for innovation. Students will apply each of these concepts during the course as they prepare their first new venture/innovation idea to be presented at the end of the course. In essence, this first course is a kickstart boot camp to set up the rest of the program.

×

Systems and Design Thinking

Design thinking is an important element of building effective business models for new entrepreneurial and intrapreneurial ventures. At the same time, design thinking lies at the heart of engineering, within the context of understanding the physical world around us. A convergence is emerging between the design approach in engineering, and the design approach in business that draws from an understanding of customers, markets and finance. This course is designed to provide a foundation for design thinking in both contexts, along with insights, skills and tools to deploy this important mindset effectively.

×

Marketing and Selling the New Venture

This course is designed to provide students with an understanding and appreciation of the role of a sales manager. Topics are covered from the perspective of both a sales manager and a sales person. Specific topics include managing the interplay between the marketing and selling functions, setting and evaluating sales strategy, managing the day-to-day sales functions including recruitment, training, compensation and performance management as well as, the evaluation and control of professional selling methodologies and activities.

×

Innovation in Practice

The objective of the course is to provide students with the knowledge of different business structures, types of innovation and organizational models and strategies that can be used to drive corporate innovation. Leading innovation includes how to impact corporate culture, build innovation teams, manage innovation models and systems both for internal innovation projects and commercializing new ventures, products and services in the market. The skills, resources and tools needed to work in the different roles and models employed in organizational innovation are covered. High performance leaders of innovation and new ventures will be able to recognize and appreciate organizational challenges and opportunities, align resources to capitalize on those situations and drive organizational change in the interest of enhancing customer value.

×

Financing the New Venture

This course provides a detailed examination of the venture capital industry across the entire spectrum of investment, ranging from funding initial rounds of “seed” capital all the way to pre- IPO funding of later-stage companies. Real venture capital term sheets from recently completed deals are examined in detail from the perspective of both the investee company and the venture investor. Different investment structures are discussed in detail, and the process of company selection that occurs inside a venture capital fund is examined.

×

Managing Technology and Innovation

Innovation takes place when an idea is actually launched and commercialized. This course is designed to enable students to apply the tools that take an idea from inception through launch and implementation. It will also discuss how to maintain a culture of innovation in the firm, while applying various systems and tactics to effectively control and manage the development process. Tools such as stage-gate systems, innovation cycles, product life cycles, probability-based estimating and risk assessment are introduced, as we develop some structures around our innovation process, and give the organization the ability to effectively manage a creative business.

×

Individual Research Project

In this course, students will have the opportunity to gain a depth of knowledge in a given domain (e.g. mining, oil & gas, social media, etc.). Typically, students choose an area that is related to their area of entrepreneurial interest. Working with a domain expert as an advisor, students will conduct research into specific aspects within the domain of interest, and produce a significant deliverable that demonstrates a deep understanding of the domain that is being examined.

×

Innovation Project

This course provides students with the opportunity to apply the concepts that they have studied throughout the program and apply them to create a new venture, either within an existing organization or a startup. Students will gain practical experience by integrating what they have learned in the program and to think in cross-functional terms. They will also hone their analytical, writing and presentation skills in the creation of a business plan that identifies a specific problem, a solution, proof of concept via market research, product development and monetization of the product or service.

×

Market & Industry Research & Analysis Major Project

The key aim of this course is to equip you with the skills and knowledge needed to perform high-quality industry and customer insight research. The course will introduce you to the key components of qualitative and quantitative research methods, discuss tools for strategic industry assessment and support you in building your own how-to toolkit for effective market research.

×