Innovation and entrepreneurship is a theme that runs throughout the many of the postgraduate programmes at Imperial College Business School. For example, the MSc Innovation, Entrepreneurship & Management programme offers an intensive year of study for creative business minds, teaching them how to create, deliver and capture value and offering connections to world renowned academics, an array of incubators, experienced venture capitalists, expert consultants and successful entrepreneurs.
Many of the other Master’s programmes at Imperial College Business School provide opportunities like business plan competitions to allow a safe environment for students to experiment with planning new businesses in a highly practical way – some of which have become highly successful businesses in their own right.
The Imperial Full-Time MBA weaves the study of innovation throughout the teaching over the course of the year, but for many students the highlight of the programme is the chance to undertake an Innovation, Entrepreneurship and Design project. Working in dynamic groups, the students take on one of their own business ideas, or a business idea from someone in the Imperial community or at our partner the Royal College of Art, to take an idea from inception through an entrepreneurial journey to reality, whilst mentored by faculty at the School. Again, ideas developed through the programme can turn into real businesses.
By encouraging them to take innovative approaches to problems or adopt an entrepreneurial mindset, students at Imperial College Business School are prepared for the challenges of the modern business world – the need to stay nimble, embrace digital technology and adapt to changing consumer needs.
Whether Imperial’s students will end up setting up their own businesses, or working in a corporate environment, these skills and mindsets will be invaluable.
The School’s expertise comes from its close links with industry and the input of advisory boards, both at School and programme level. The School’s advisory board contains a number of experts and leaders of modern business, including directors of some of the world’s best-known companies.
One advisory board member is Mike Shepherd. An alumnus of Imperial, and Associate of the Royal College of Science, Mike has worked for some of the biggest M&A companies in the world, before setting up several of his own highly successful companies. Mike is currently the founder and managing director of Growth Point Technology Partners, a Silicon Valley-based investment bank. His company helps emerging growth technology companies finance themselves and become strategically aligned with acquirers or develop their own acquisitions.
Mike’s role on the board allows him to bring the flavour of innovation and entrepreneurship from Silicon Valley to London. His expertise informs the School’s entrepreneurial mindset as well as developing the programmes. This year, Mike has been one of the judges on the MSc Innovation, Entrepreneurship & Management programme’s Business Plan competition, as well as helping to plan and execute the recent trip by MSc Management students to study business and entrepreneurship in California. A highlight of the trip for many was when Mike met the Imperial students at Stanford and gave them a lecture.