Innovation Management and Product Development, M.Sc.

  • Application Deadline
  • 24 months
    Duration
  • English (book IELTS)
    Language
University rank #173 (WUR) ,
In the Innovation Management and Product Development track from KTH Royal Institute of Technology you will develop results in terms of new products, services and business models, you will organize and manage innovation processes both from a development project perspective and the perspective of organizational structure and you'll work on innovation strategies in terms of new business development.

About

In the Innovation Management and Product Development track from KTH Royal Institute of Technology you will study and work with innovation in three ways; you will approach cutting edge research in the innovation management and product development area and have a firm collaboration with industry.

Elements or projects in courses in the track deals with innovation in a number of perspectives: the innovation process including all activities from understanding user and customer needs, idea creation, product and service development and understanding the business model (i.e. value creation activities); the innovation strategy setting the direction for an organization, project portfolio and business strategies; the innovation results in terms of products, services, business models relating to different levels of newness.

Depending on the degree of newness of the results from an innovation process different demands are put on the managers in an organization. It entails different ways of organizing, leading and performing product development projects. In some development projects where you improve existing products and services you need to be able to be efficient and use methods to enable such outcomes.

In other projects you need to understand how to challenge the organization to move beyond current knowledge and create something completely new. In this program you will become familiar and well-equipped with the tools on how to systematically organize, lead and manage theses different types of product development projects and the challenges that comes with them; knowledge and skills identified as crucial for organizations survival and prosperity and for being able to meet the grand challenges facing our society.

Career

The Innovation Management and Product Development Track provides opportunities for a variety of jobs in areas related to innovation such as project management, business development and product planning. You also instill competence to work with complex multidisciplinary product development projects, either as a technical expert, project manager, R&D manager, or consultant.

Programme Structure

Courses Included
  • Managing Research and Development
  • Product Innovation
  • Innovation and Product Development Processes
  • Innovation Management -Theory and Practice
  • Research Methodology in management and organisation
  • Innovation and Product Development
  • Innovative Design II
  • Modularisation of products
  • Systems Engineering
  • Master Thesis in Innovation Management and Product Development

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Book IELTS
  • Minimum required score:

    575

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score:

    90

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

Programme specific admission requirements

A Bachelor´s degree, corresponding to at least 180 ECTS credits, within Mechanical Engineering or equivalent.

In addition, applicants to the Industrial Design Engineering Track must also have good knowledge in both mechanical engineering and industrial design:

  • Mechanical Engineering: Mechanics, Solid Mechanics, Thermodynamics, Electrical engineering, Machine elements, manufacturing technology, 3D-CAD, Product development and Engineering Design
  • Industrial design: Ergonomics, the Design process, Materials, Sketching, Rapid prototyping, and Digital 3D-visualisation.

Tuition Fee

  • International Applies to you

    16087.5 EUR/year
    Tuition Fee
    Based on the original amount of 32175 EUR for the full programme and a duration of 24 months.
  • EU/EEA Applies to you

    Free
    Tuition Fee
    Based on the original amount of 0 EUR for the full programme and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
  • Non-EU/EEA/Swiss citizens: The full programme tuition fee is SEK 310 000
  • EU/EEA/Swiss citizens: There are no tuition fees for EU/EEA/Swiss citizens

Funding

Every year a limited number of KTH Scholarships are awarded based on academic excellence. Recipients of the KTH Scholarship will have their tuition fee waived for the first and the second year, provided that the study results during the first year are satisfactory.

Applications for the KTH Scholarship for studies beginning in autumn will be open December 1 - January 15.

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.