MIT Institute of Design

MBA in Innovation & Entrepreneurship

Academics
MBA in Innovation & Entrepreneurship

MBA in Innovation & Entrepreneurship

The Innovation and Entrepreneurship MBA is a unique program designed for modern innovators. Setting itself apart from other business school offerings, this program originates from a design school, providing students with a distinct perspective on innovation and entrepreneurship. Additionally, its strong ties with the Atal Incubation Centre, Institution Innovation Council, and CRIEYA at MIT ADT University offer student’s unparalleled access to entrepreneurial resources. Aligned with the NEP 2020, the program also allows students to obtain a PG Diploma in Innovation after the first year.

COURSE DETAILS

MBA

Eligibility:

Bachelor’s Degree in any discipline with a minimum of 50% marks

Age Limit : 30 years

Duration:

2 years

Key Features of The Academic Program:

  • On-Campus Immersive Experience.

  • Learn from Industry Giants.

  • Innovate with Incubators.

  • Build Your Brand Know-How.

  • Land Your Dream Job.

  • 1-Year(2 Semesters) Diploma in Innovation after Exit.

  • MBA in Innovation & Entrepreneurship degree after 2 years.

Course Structure

Phase I – Formation marks the inception of aspiring entrepreneurs’ journeys. Here, participants ideate, formulate business models, create minimum viable product prototypes, and conduct opportunity mapping. This process involves not only acquiring theoretical knowledge but also showcasing its practical application through various advanced software tools.
  • Entrepreneurship
Foster leadership, risk-taking, and strategic vision. Cultivate skills to navigate entrepreneurial challenges and drive innovation in dynamic business environments.
  • Innovation Fundamentals
Master principles of creative problem-solving. Explore strategies to foster innovation, applying fundamentals to navigate dynamic market landscapes effectively.
  • Design Methods & Processes
Immerse in systematic design approaches. Develop problem-solving skills and cultivate design thinking for innovative solutions, bridging creativity with functionality.
  • Business Design
Synthesize business strategies with creative design principles. Craft sustainable models aligned with user-centric design for holistic success in diverse business landscapes.
  • Megatrends & Design Futures
Navigate global shifts, and foresee emerging trends shaping future markets. Position innovations strategically, anticipating societal changes for impactful outcomes in dynamic industries.
  • Emerging Technologies & Innovation
Explore cutting-edge technologies driving innovation. Acquire insights into leveraging emerging tools, trends, and technologies to propel innovation across diverse industry landscapes.
  • Critical Thinking & Communication
Enhance analytical thinking and effective communication skills. Develop a strategic mindset to articulate innovative solutions persuasively, fostering impactful communication in professional contexts.

Phase II – subjects prepare students for leadership roles in a successful thriving business, providing them with knowledge about legal operations. By the end of semester two, they not only pursue research but also grab an internship for real-world knowledge. 

  • Principles of Management

Study foundational principles shaping effective organizational leadership. Develop skills in planning, organizing, and directing to drive successful business outcomes.

  • Managerial Economics

Explore economic principles applied in managerial decision-making. Analyze market dynamics, cost, and demand to inform strategic business choices.

  • Legal Aspects of Business

Examine legal frameworks influencing business operations. Gain insights into contract law, corporate governance, and ethical considerations in business practices.

  • Research Methodology

Master research techniques for informed decision-making. Develop skills in data collection, analysis, and interpretation, applying research methodologies to business challenges.

  • Internship and Industry/Start-up Exposure

Gain hands-on experience through internships, immersing in real-world business environments. Explore industry or startup settings for practical insights, to enhance professional skills.

Students learn the fundamentals of business by exploring the legal intricacies of intellectual property. They engage with financial principles, marketing strategies, and a global perspective considering cultural nuances.

  • Marketing

Explore strategic marketing concepts, developing skills in market analysis, consumer behaviour, and innovative strategies for effective product positioning and promotion.

  • Finance / Fund Raising

Master financial principles, focusing on budgeting, fundraising, and investment strategies. Develop skills in financial planning crucial for entrepreneurial ventures.

  • IPR (Intellectual Property Rights)

Navigate the legal aspects of intellectual property. Learn to protect innovations through patents, trademarks, and copyrights in business contexts.

  • Organization Behavior / Team Building

Study behaviour in organizational contexts. Develop skills in team building, leadership, and fostering a positive workplace culture for organizational success.

  • Project Management

Master project management principles for effective execution. Develop skills in planning, execution, and monitoring, ensuring successful project outcomes in diverse business environments.

  • Global Business

Explore strategies for international business expansion. Develop a global perspective, understanding cultural nuances, and adapting business strategies for success in diverse markets.

Students will acquire skills for mastering the intricacies of innovation and entrepreneurship, culminating in crafting a comprehensive business plan. The program ensures continuous access to a vast network of entrepreneurs, investors, and forward-thinking companies, facilitated by robust industry partnerships.

  • Capstone Project /Start-up Pitching/Business Plan

Integrate learnings, showcasing entrepreneurial skills through a comprehensive business plan or startup pitch. Demonstrate entrepreneurial acumen, strategic thinking, and innovative solutions for real-world impact.

ADMISSION PROCESS

Students can apply by submitting an MIT ID -DAT APPLICATION form & there will be a couple of selection processes (Statement of Purpose (SOP) and Essay and then an interview for the admission process).

Students can also apply through a valid CAT/ MAT/ XAT/ CEED/ MIT DAT score and then appear for an interview for admissions.

CAREERS

The post graduates from this programme can look forward to a career opportunities with various industry verticals such as IT services, futuristic research labs and can work in specialist areas in healthcare and education/ training sectors; museum or exhibition domain, events or entertainment domain, branding campaign and also in trend-business sectors.

This programme has an immense opportunity to contribute future design concept for rapidly changing world.

Launch your career as a professional:

Get recruited and hired by the best of the best

FACULTY

Prof. Dr. Nachiket Thakur

Associate Prof. Harshit Desai

Director - Innovation Program

Asst. Prof. Sohnit Kumar

Design Academics & Research

Asst. Prof. Vinit Tamhankar

Innovation Design

Asst. Prof. Ketan Shimpi

Design Management

Asst. Prof. Esha Sulakhe

Design Management

Project Guide and Industry Mentor

Aditya Gondhalekar

Innovation Mentor, at Capgemini

Prasad Khose

Founder, Design mentor

Harshesh Gokhani

Founder and Lead, ForHealth