M.Sc. Management and Economics of Innovation

Chalmers University of Technology

Application deadline: January 15
Tuition fee:
  • Free (EEA)
  • € 16,000 / Year (Non-EEA)
Start date: September  2015
Credits (ECTS): 120 ECTS
Duration full-time: 24 months
Languages:
  • English
Location:
Delivery mode: On Campus
Educational variant: Full-time
More information: Go to university website

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Description

In the modern knowledge economy, various forms of new knowledge, especially in technology, are critical factors underlying industrial innovation, competitiveness, and economic growth. This programme focuses on how and why companies innovate to compete and how companies can reap financial returns from their investments in innovation.

Through a combination of an advanced level of business management and economics in relation to engineering knowledge, you will be trained to analyse, understand and skilfully manage innovation processes in companies and other areas of society.

Programme description

Innovation processes present challenges and opportunities for a range of different organisations, such as established firms, new entrepreneurial firms, universities and government agencies. Industry, as well as society, therefore need managers and employees who not only have scientific and engineering training but who also have acquired a thorough understanding of the innovation process and how it can be handled in a financially successful
way.
At the intersection between technology, management and economics, the overall purpose of the programme is to train you to skilfully analyse and manage innovation and renewal. After having completed the programme, you should be able to:

  • Analyse and understand how and why innovations, technical and scientific information and knowledge interact with market and economic forces.
  • Identify, formulate and solve problems related to innovation and renewal activities involving technological, economic, organisational and institutional change.
  • Handle and execute strategies and practical implementation for innovation and renewal by applying state-of-the-art research and management methods and tools.
  • Lead, interact and communicate with qualified professionals within and outside their own organisations and/or their own knowledge field.

Together with committed teachers, that include you as a student in their research and students from both industrial economy and the field of engineering, this programme creates a base for developing yourself and your ability to lead and develop organisations.

Career opportunities

Future career opportunities will primarily be found in the business sectors, including large multinational firms as well as small technology- based firms. Examples of occupations include management consultancy, technology/industry analysis, project management, product development, R&D management, business development, corporate venturing, hi-tech entrepreneurship and venture capital. Interesting job opportunities also exist in government policy-making agencies, non- government organisations, universities and institutions commercialising science and technology.

Contents

Educational methods

To help you acquire and utilize appropriate theoretical and methodological tools, the programme trains you by combining extensive practical training, often project based industry challenges, with critical analysis, putting theories and methods to effective use. You will take part in lectures, seminars, workshops and supervised project work. Assessment techniques include oral examination and written examination; individual and group examinations.
All courses within the programme invite feedback from students on all essential aspects of the course and the education, something that clearly has supported the improvement of the programme. Furthermore, the mixture of students from different cultural and educational/engineering backgrounds supports the programme’s international profile.

Research and industry connections

We operate in an environment with open and extensive affiliations with business and industry, and the research underlying the programme is therefore closely linked to current business practice and problems. This is demonstrated, for example, through guest lectures, joint research projects, Master’s thesis, applied projects dealing with current business issues. Additionally, the faculty is involved in executive education through CHAMPS, Chalmers

Professional Education.

Several of the programme’s professors also conduct research at CBI, Center for Business Innovation, at Chalmers. With funding from Vinnova, CBI is a major research centre in the field of management of innovation

Yaer 1

AUTUMN TERM Study period 1

Compulsory courses

  • Economics of innovation, Examination
  • Managing development projects, Examination

AUTUMN TERM Study period 2

Compulsory courses

  • Technological change & industrial transformation, Examination
  • Creating new business, Examination

SPRING TERM Study period 3

Compulsory courses

  • Strategic management of innovation and technology, Examination

Elective courses

  • Management of physical distribution, Examination
  • Idea evaluation, Examination
  • Idea evaluation, Laboratory
  • Intellectual property and innovation strategies, Laboratory
  • Intellectual property and innovation strategies, Examination

SPRING TERM Study period 4

Compulsory courses

  • Research design and methods, Examination

Elective courses

  • Decision support systems in industrial management, Examination
  • Innovation management seminar course, Written and oral assignments
  • Risk management and safety, Examination
  • Service contract management, Examination
  • Organizational behavior, Examination
  • Social entrepreneurship, Written and oral assignments
  • International Business Relationships, Examination

Year 2

AUTUMN TERM Study period 1

Elective courses

  • Strategy and innovation project course, Project
  • Strategy creation and change, Examination
  • Strategic management and economics of intellectual property, Examination

AUTUMN TERM Study period 2

Elective courses

  • Strategy and innovation project course, Project
  • Risk management and safety, Examination
  • Production logistics, Examination
  • ICT economics and policy, Examination
  • Organizational behavior orientation, Examination

SPRING TERM Study period 3

Elective courses

  • Management of physical distribution, Examination
  • Idea evaluation, Examination
  • Idea evaluation, Laboratory
  • Intellectual property and innovation strategies, Laboratory
  • Intellectual property and innovation strategies, Examination

SPRING TERM Study period 4

Elective courses

  • Innovation management seminar course, Written and oral assignments
  • Service contract management, Examination
  • Environmental aspects on logistics and transportation, Examination
  • Organizational behavior, Examination
  • Social entrepreneurship, Written and oral assignments
  • International Business Relationships, Examination
  • Diploma thesis
  • Master's thesis in Technology management and economics, Diploma thesis
  • Master's thesis in Technology management and economics, part A, Diploma thesis
  • Master's thesis in Technology management and economics, part B, Diploma thesis

Funding

All Scholarships administered by Chalmers have now been awarded and all applicants have been notified of their selection results.

Important: Applications for scholarships should be made along with the application for Master's studies. Students should not wait until they receive an admission to do so.

  • The Avancez Scholarships are 75% tuition fee waivers awarded by Chalmers University of Technology and are funded by the Chalmers Foundation. These scholarships are available to all students who are liable to pay tuition fees i.e., students with non-EU/EEA nationality.

  • The IPOET (International Programme Office for Education and Training) Scholarships are 75% tuition fee waivers funded by the Government of Sweden. They are awarded by Chalmers University of Technology and available to nearly all fee-paying students, with the exception of 12 countries.

  • The Mölnlycke Health Care Scholarships are 100% fee tuition waivers with possibilities for summer internships and a final master's thesis project.

  • The Sievert Larsson Scholarship Fund (within Friends of Chalmers) offers a 100% tuition fee waiver and living expenses to students of Thai nationality who aim to study on a Master’s programme at Chalmers University of Technology.

  • The US Friends of Chalmers Scholarship is a scholarship comprising USD 35 000 (i.e. a reduction of the tuition fee by USD 8750 per semester) and is awarded to one student with US citizenship.

  • The Volvo Car Corporation Scholarships are 100% tuition fee waivers awarded to 2 Chinese students with the guarantee of participation in the VESC (Volvo Engineering Student Concept) programme which includes a summer job, master thesis project, mentorship and possible employment at Volvo Car Corporation.

  • The Volvo Group Scholarship Programme is a 100% fee tuition fee waiver awarded to students of Indian nationality and Chinese nationality. The Scholarship includes possibilities for internships during the summer, a final Master thesis project and mentorship.

Scholarships that will not be offered in 2014

  • The Chalmers MasterCard Scholarship (will be offered again in 2015) Available biennialy for a Master's student from Central America, South America or Mexico. The scholarship comprises a 280 000 SEK reduction of the tuition fee (70 000 SEK reduction/ semester).

  • The FlexLink Scholarship (not available in 2014) for a Master's Student from China is a 100% tuition fee waiver along with possibilities for internship and a final master thesis project.

Note: Being granted alternative funding from external patrons does not affect the possibility of obtaining scholarships from Chalmers as an applicants financial status is not taken into account during the nomination process.

Scholarships for current students

Adlerbert 60th Anniversary Scholarships - Will be offered for the first time during 2014 to fee paying Master's Programme students who were admitted Autumn 2013, including scholarship holders whose scholarships do not include costs of living coverage. This means that, for instance, holders of Swedish Institute scholarships and Sievert Larsson, version 2 scholarships will not be eligible to apply. In order to be eligible the applicant must have passed at least 60 credits during the first year of studies. The scholarships, which amount to 60 000 SEK each, will be awarded based on the applicants' cumulative grade point average . Around 10 to 20 scholarships will be offered in 2014. More information about how to apply, etc., will be published soon.

Adlerbert Foreign Student Hospitality Fund - Only open for international students who have been admitted to, and enrolled on, a Master's Programme at Chalmers. Thus, prospective students cannot apply. Students can be awarded the scholarship a maximum of two times. The application period opens in late January and closes in late February. Consequently, it is only possible to apply during this period of a student's first and second year.

Scholarships administered by the Swedish Institute

The Swedish Institute, a government agency, administers over 500 scholarships each year for students and researchers coming to Sweden to pursue their objectives at a Swedish university. Use their online guide in order to find out if any of the Swedish Institute scholarships are available for citizens of your country at your intended level of study.

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