UCL Management Science and Innovation

MSc Technology Entrepreneurship

Programme

The programme structure comprises:

Term 1 Term 2

MSING010: New Technology Ventures

MSING038: Prototyping

MSING007: Entrepreneurial Finance

MSING037: Effectual Entrepreneurship
 

MSING009: Managing High-Technology Organisations

MSING030: New Venture Analytics

MSING016: Strategy for High-Technology Ventures

MSING005: Entrepreneurial Marketing

Learning Programme Overview here

Students also write a dissertation outlining their own business feasibility plan.

Entrepreneurship Guest Lectures

MSc Technology Entrepreneurship students also attend weekly guest lectures delivered by leading business people and successful entrepreneurs. These popular and hugely inspiring lectures are organised in collaboration with UCL Advances.

Applications

Student profile

Why Choose MSc Technology Entrepreneurship at UCL?

  • With a strong desire to be an entrepreneur, you will gain the skills and knowledge needed to develop your own lean startup company.
  • You will gain a solid core of management, leadership and team working skills and the opportunity to hone your technical skills.
  • As part of your dissertation, you will produce a high-quality business or new venture plan that will allow you to map, test and iterate your ideas. To assist you in writing your dissertation you will be allocated a business mentor with specialist knowledge from outside UCL.
  • You will attend weekly Entrepreneurship Guest Lectures delivered by leading business people and successful entrepreneurs
  • You will have access to the training, networking and business support offered by UCL Advances, via their Student Venture Program and UCL Hatchery Space (Centre for Entrepreneurship and Business Interaction)
  • You will receive support and guidance from our Teaching Fellow in Entrepreneurship, Itxaso del Palacio, whose specialised knowledge is venture capital backed with practical startup experience from Silicon Valley.
  • You will have the support of UCL Enterprise whose aim is to support the development of 500 new business opportunities in the next five years.
  • You will be able to enter the UCL Bright Ideas Challenge and compete for £50,000 of funding to develop your own startup business. Former MSc Technology Entrepreneurship students have won a share of this unique funding.
  • You can take part in the London Entrepreneurs’ Challenge, a business plan competition with cash prizes totalling £15,000.
  • You will be encouraged to take your new venture ideas to Seedcamp, a European-based early investment mentoring and investment program. Former TE students have benefitted greatly from attending Seedcamp
  • You can attend Mobile Monday London events, which are organised in conjunction with UCL Advances.
  • You will study close to Silicon Roundabout (Europe’s largest indoor space for technology startups and entrepreneurs), the centre of London Tech City, location of the innovation “hot-house” established by UCL Enterprise and partners Cisco and DC Thomson known as ideaLondon. The latter is hosting the UCL DECIDE project, in collaboration with the BBC, Virgin Media, Alcatel-Lucent, HEFCE and Fujitsu in what is intended to be the world’s largest ‘living lab’ for digital and media projects. Tech City is also the UK home to Google CampusIntel’s Global Research CentreGeneral AssemblyAmazon’s London Development CentreYammer, Microsoft, IBM and KPMG. 
  • You can have access to a new state-of-the-art academy a few minutes from UCL run by Telefónica Digital’s Wayra project.
  • You can take part in the nearby Digital Shoreditch festival.

Who is this Programme Designed For?

  • Applicants with a minimum of a high-end second-class Honours degree (or its overseas equivalent) in a science, engineering, technology, medicine or related area. Candidates with other qualifications may be considered but only provided that they are able to clearly demonstrate entrepreneurial aspirations and capabilities in a technology intensive context. If you have a business, management or accounting background then you should consider applying for our MSc in Management course instead. 
  • Graduates already in employment who wish to gain new skills whilst improving their employability with a higher degree from UCL, one of the world’s leading global educational establishments.
  • Those who wish to train in business, new ventures and entrepreneurship in London, Europe’s vibrant business, creative and financial capital. London has recently been chosen as the second best city in the world in which to study by QS Top Universities website using criteria such as student mix, quality of living, employer opportunities and affordability.

Students discussing group project

How to apply

Apply for September 2015

For entry in September 2015, please apply via the UCLSelect online application portal

Entry Requirements

A minimum of a second-class Honours degree (or its overseas equivalent) in a science, engineering, technology, medicine or related area. 

Candidates with other qualifications may be considered but only provided they are able to clearly demonstrate solid entrepreneurial aspirations (and preferably, experience), plus demonstrable capabilities in a technology intensive context. 

If you have a business, management, finance or accounting background you should consider applying for our MSc Management course instead. 

If English is not your first language, you will usually be required to take an IELTS test and reach the ‘good’ level:

International English Language Testing System (IELTS)

Good level: Overall grade of 7.0 with a minimum of 6.0 in each of the sub-tests.

Details of the English language requirement for studying at UCL

There is no requirement to take the GMAT or GRE test for MSc Technology Entrepreneurship. 

UCL Admissions

UCL Admissions assess whether overseas degree qualifications fulfill the course requirements and they require a full application to be submitted with all relevant supporting documentation - such as degree transcripts and references - before they can make this assessment. 

All enquiries about submitted applications should be directed to the UCL Admissions Department not Management Science and Innovation. UCL Admissions preferred method of communicating with applicants is by telephone using +44 (0)20 7679 7742 or 7381 rather than by email.

Interviews

If you are successfully shortlisted for a place on the course you will be interviewed using the online video system WePow - formerly OVIA - via the internet

Fees

The 2015-16 fees

Information on how and when to pay fees

When to apply

Apply for entry in September 2015 via UCLSelect online portal.

Course Dates

One Year Full-Time:

22 September 2015 - 19 September 2016

There is only one intake per year, in September at the beginning of the UCL academic year. In the first week new students take part in a dynamic range of induction events.

Two Years Part-Time:

Part-time students attend formal sessions at UCL just two afternoons/early evenings per week. Part-time students are able to learn and engage with the vibrant UCL entrepreneurship community whilst building or working in a new venture at the same time. The part-time mode is not based on evening/weekends study — there are no weekend lectures or classes.

Scholarships and Bursaries

A Royal Academy of Engineers bursary of £5,000 is available for outstanding UK graduate engineers to study on this MSc course. For further information and how to apple, please see schemes for professional engineers

The Fulbright Commission Award for a US graduate student to study MSc TE. For further information, please see Fulbright US to UK

For central additional funding opportunities, please see scholarships and funding.

Chris Coleridge teaching

Why choose us

Former MSc Technology Entrepreneurship Students Say:

Deniz Ozalp

Deniz Ozalp (part-time 2011/13): The MSc in Technology Entrepreneurship was one of the best decisions I have made in my life. It has truly been more than I have ever expected or imagined. The mentors are very supportive, creative and helpful. The professors and lecturers know what they are doing really well. They are always keen to make introductions and help us extend our network. They also support us in identifying our skills and help us team up with colleagues who can complement our skills. There is something happening all the time!

You will meet some very famous and influential people like Eric Ries, John Mullins, Alex Osterwalder. One of our mentors, Salim Virani, works closely with Alex Osterwalder and he will help you with creating business models. You will also meet other creative minds like Timothy Barnes (UCL Advances) who will give you information on Business Plans and much more.

Markus Gnirck

Markus Gnirck (part-time 2012/14): Being part of UCL gives an incredible network and brand that is very well recognised in the London (startup) community. UCL Advances is super plugged in various entrepreneurial activities and has access to a lot of people in different positions (co-working spaces, Angels, VCs, accelerators). 

Running the accelerator Startupbootcamp FinTech has now made me understand that I learned a lot of methodologies and techniques during my Masters that I see essential for every startup to have in place (e.g. lean canvas, MVPs). 

Fadzli Anuar

Fadzli Anuar credits the course with giving him the confidence to win Malaysian entrepreneurs’ challenge TV show ‘Make the Pitch’: “It’s not an inborn trait, the course is very hands-on and you learn through practical experience how to be an entrepreneur. You discover how to anticipate difficult, probing questions from would-be investors. I find myself thinking: “What would Dave Chapman [the Course Director] have asked if I was pitching to him?”

Gustavo

Gustavo Gorenstein: “I intend to use all the learned frameworks and create value out of innovation that will ultimately benefit society. I have received funding from UCL to present a project in an international competition in Brazil, which was an amazing transition from an academic perspective to real-world contact, and also a scholarship for the Entrepreneurship Summer School at London Business School. 

UCL also provided a hatchery [UCL Advances Centre for Entrepreneurship and Business Interaction] for students with projects. The space is amazingly good with everything needed to get a project off the ground. Not to mention the ongoing support and contacts from the staff.”

Rodrigo

Rodrigo Martinez: Rodrigo feels MSc Technology Entrepreneurship is especially good for motivating students. “Everything is there if you want it, from help with your business plan to networking with the wider business community. You get as much out of the course as you’re prepared to put in.”

Since completing the course, Rodrigo set up a company based in Mexico’s rapidly developing Silicon Valley and launched successful online video interview platform OVIA In October 2011, OVIA (since rebranded as WePow) received $2.5 million funding from venture capital firm DCM to further develop their software. 

Careers

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Zain Jaffer, a former part-time MSc Technology Entrepreneurship student, has secured $25m in funding from Google and AOL Ventures for his company Vungle, an app video promotion start-up.

Marcin Piatkowski raised £180,000 from crowdfunding site Crowdcube to launch his innovative chainless aluminium electric folding Jivr Bike - as reported in media such as The Daily TelegraphTech City News and Bike Biz.

Alex Siljanovski and Manuel Zapata launched BaseStone, an integrated platform and mobile app that enables engineers and architects to securely issue, review and manage their drawings. BaseStone is rapidly receiving a huge amount of interest within the construction industry.

Other former MSc Technology Entrepreneurship students have either:

Created startup companies such as:

Angkriz

Around Guides

Artsharks

Base Stone

CDA Biotech

Cochida

Currency Bird

Dealglobe

Dibbz

Geekchamp

HMF Gateway

Jivr Bike

La Boticaria

Locafit

Loom

Loyal Feed

Lunch Dealer

Makeup

Maple Bear Canadian School

Pebblejar.uk

pingWHEN

pixavida

PlanetTech

Poq Studio

Poup

PredictionIO

Smartzer

Snowarc

RolePoint

Spare Part Connection

Smartzer

Testmunk

We Like Shopping

Vungle

Wish Bird

WePow

Yones
 

Work for high profile global companies

Many MSc TE graduates have chosen to gain work experience in world renowned companies before they launch their own venture:

Accenture Consulting and Technology

Agnitio Capital

Apppli.com

Astbury Marsden Consultants

Barclays Capital

Bloomberg Business & Financial News

BNY Mellon Banking

Boston Consulting Group

CHP Consulting

CITIC Group

Connexions Recruitment

Creative Consulting

CTCI Corporation

Deloitte Tax Audit Consulting & Corporate Finance

E-Synergy

EDF Trading

Elexon

Ernst & Young

Evian

Fonterra

France Telecom (Orange)

GreySpark Consulting and Technology

Lighthouse Analyst Relations

Lloyds Bank Corporate Markets

Merck Healthcare

Microsol

Novartis Pharmaceuticals

NTT Communications

Pegatron 

Pepsico

Poten & Partners

Schneider Trading

SKIM Healthcare

TBx Consulting

Tesco

TNS Global Market Research

Tradedoubler

UBS

Volkswagen Group

Webgains

Wonder Auto Technology

XOR e-learning consultants

ZenithOptimedia Investment Marketing

Work for government agencies

Office of National Statistics

Work or study at higher education institutions 

Huazhong University of Science and Technology

Imperial College - PhD study

National University Science Park of Nanjing and Gulou District

UCL

University of Aberdeen

University of Cape Town

FAQs

Frequently Asked Questions about MSc Technology Entrepreneurship:

What are the term dates for 2015-2016?

Please see UCL term dates.

What are the entrance requirements for the programme?

A minimum of a second-class Honours degree (or its overseas equivalent) in a science, engineering, technology, medicine or related area. 

Candidates with other qualifications may be considered but only provided they are able to clearly demonstrate solid entrepreneurial aspirations (and preferably, experience), plus demonstrable capabilities in a technology intensive context. 

If you have a business, management or accounting background you should apply for our MSc Management course instead.

Can I find out if I am a suitable candidate for the programme before actually applying?

Unfortunately we are unable to comment on a candidate’s suitability for the course until we receive a completed application form with all relevant information and documentation.

I am an international student, how can I find out what the degree equivalency is for my home institution?

Please see international Students qualification equivalents.

I am currently studying and do not have my final results yet, should I wait to receive my transcript before applying?

If your predicted final results meet our minimum entry requirements, you can apply before receiving your final degree results. You should include details of your predicted results on your application form, and an official transcript of your results so far. If we are able to make you an offer of study, it will be conditional and you will need to prove that you meet the condition before the beginning of the course.

How many hours a week do students attend the campus for this programme? 

Full-time students currently attend four lectures per week in the first and second terms. Each lecture lasts three hours. During the first and second terms, students also attend the London Entrepreneurs’ Challenge  17:30 - 18:30 each Tuesday and the Entrepreneurship Guest Lectures each Thursday at 17:30 - 18:30. Attendance at various Revision Sessions is also required in Term Two. Part-time students attend two lectures per week, plus the aforementioned evening sessions. The third term is given over to working on a dissertation and a number of individual meetings with students’ mentors.

How can I apply?

You can apply online via UCLSelect.

What is the GMAT requirement for the MSc in Technology Entrepreneurship?

We do not require GMAT or GRE for this programme.

How many referees do I have to provide and can they be employers as well as academic referees.

Two referees and yes they can be employers.

My referees are unable to provide references electronically; can I provide hard copy reference letters?

Yes, you can post hard copies to the UCL Admissions Office. These will then be attached to your application form. Please make the course and your application number are clear.

How long is the course and what are the term dates?

The course lasts for a full calendar year from September to September. Teaching finishes at the end of Term Two, allowing students to prepare for exams and the dissertation.  

Term dates are available each year on the UCL website

What is the difference between MSc Technology Entrepreneurship and MSc Management?

MSc Technology Entrepreneurship is a specialised masters programme for students with a technical background who wish to become entrepreneurs once they graduate, whereas MSc in Management is designed to equip students with the knowledge and skills to work for leading world business organisations.

Can you send me a brochure/prospectus/information pack for the programme?

All information about the programme is available online on our web pages. This is so we can keep information completely up-to-date and also help to conserve the world’s natural resources.

Can you send me an application for the programme?

Applications for September 2015 can be made from mid-October 2014 using an online application form.

What are the fees for the programme?

Please see information about fees and costs.

Can I enrol in the programme part-time?

Yes, you can study over two years part-time rather than one year full-time. Part-time study is an increasingly popular option. 

Can I begin the programme in January or some other time in the middle of the year?

No, the programme has a single intake each September at the beginning of the academic year at UCL. It is not possible to start the programme at any other time.

Where can I find out about UCL accommodation?

Please see student accommodation for details of accommodation available at UCL.

Can I obtain a scholarship, assistantship or some other form of funding?

Information about financial assistance. Regrettably there is little funding available for students in taught postgraduate programmes, and what funding does exist is very competitive. 

What are the language requirements for the programme?

We have to strictly adhere to UCL’s English Language Proficiency Requirements for postgraduate programmes, which are evaluated by UCL Registry and Academic Services (see above).

When is the application deadline for the programme?

Although there is no strict deadline, but to avoid disappointment overseas applications should be made by 31st May. There is more flexibility with applications from the UK as applicants do not need to satisfy English language requirements and apply for a visa.

May I schedule an appointment with the programme director or programme administrator to discuss my qualifications and interest in the programme?

Due to the extremely high volume of applications received, it is not possible for the the programme director or the programme administrator to meet personally with each applicant.

I have the following qualifications: … Will I be admitted to the programme?

We must see a fully completed application, including reference letters, transcript and statement of purpose, in order to make admissions decisions. We are unable to make admissions decisions or comment on international qualifications based on information supplied by email. UCL Admissions check all completed applications and qualifications before they forward them to our department.

How long does the dissertation element of the course have to be?

The dissertation should be up to 15,000 words, excluding booklist and appendices. 

What do students gain from MSc Technology Entrepreneurship?

Please see feedback from past students.

Will it improve my chances of being accepted if I apply for more than one MSc programme?

No, and if you apply for more than one MSc it will indicate that you are unfocused regarding your career ambitions and is more likely to lead to you being rejected for both programme. We currently offer another MSc - in Management - and the career outcome for this programme is very different from MSc Technology Entrepreneurship.

Where does the course lead in terms of a future career?

Links to startup companies that students have formed and major world businesses that employ TE alumni. Very few students take up further higher education study as this programme is not focused on academia. 

What is the average age of a student on the course?

This obviously varies slightly from year-to-year but on average students are 22 or 23 years-old.

My application has been unsuccessful. Can I find out why and request to be reconsidered?

Unfortunately we are unable to give details as to why individual applications have been unsuccessful. We cannot reconsider decisions due to the high volume of applications. 

Further Information

If you have any other questions regarding the programme that are not addressed on our web pages please email the programme administrator Adrian Smith at a.j.smith@ucl.ac.uk