MASTER OF ENTREPRENEURSHIP2018 INTAKE

MASTER OF ENTREPRENEURSHIP

THE PROGRAM

This is the degree for anybody who ever had a great idea and wanted to do something with it.

The Master of Entrepreneurship provides students with the knowledge and skills they need to develop and launch innovative new businesses or successfully commercialise products and services. This is a strategic, industry leading degree for anybody who wants to build a career in the exciting and rapidly expanding world of start-ups.

Students learn how to design new products and services, as well as how to develop a successful business model.

Who is it for? This program is for creative, passionate and driven individuals who want to acquire the skills and knowledge to successfully commercialise products and services in a start-up environment.

How it works » The program is about learning by doing and is highly practical.

» The first half of the year is designed to build your skills base.

» The second part of the degree focuses on students developing start-up initiatives and pitching for real funding to launch their enterprise.

Delivered intensively over 1 year at the Wade Institute, the Master of Entrepreneurship is a interdisciplinary University of Melbourne program offering subjects from the Faculty of Business and Economics, the custodial faculty for the degree, as well as the Melbourne School of Engineering.

“Our role is to attract individuals with a passion for entrepreneurship and unlock their capacity to perform at the highest level”

Associate Professor Rufus Black

Master, Ormond College and the Wade Institute

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The Wade Institute

THE WADE INSTITUTE

The Wade Institute is a dynamic and state-of-the-art teaching centre that provides both a learning environment and dedicated co-working space for Master of Entrepreneurship students.

The Wade Institute is located at Ormond College, the University of Melbourne, and is where all the core subject classes for the Master of Entrepreneurship program are delivered. The building is designed to actively encourage experimentation and innovation.

Ormond College and Faculty of Business and Economics alumnus and entrepreneur, Peter Wade, established the Wade Institute to empower the next generation of entrepreneurs.

As well as access to University of Melbourne facilities, all Master of Entrepreneurship students have access to a range of Ormond College amenities and services including the Academic Centre with 24-hour library, gymnasium and café.

60%ARE WOMEN

3HAVE PHDS

40%ARE FROM A STEM

BACKGROUND

28IS THE

AVERAGE AGE

100%OF STUDENTS STARTED

A BUSINESS IN SEMESTER 1

50%EITHER HAD A BUSINESS THEY WERE CURRENTLY WORKING

ON OR HAD A START-UP IN THE PAST YEAR

THE CLASS OF

2016

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Stevan Premutico

Founder: Dimmi speaking to Master of Entrepreneurship Students

THE EXPERIENCE

Program StructureThe Master of Entrepreneurship is an intensive, full-time program taught over 1 year, with seminars 5-days a week. The degree consists of 150-points or 9 core subjects and 2 elective subjects, including an internship option. You can choose from a wide range of elective options from robotics to consumer behaviour and financial management depending on your start-up interests.

SpeakersExperience and connections count. Every week, you will hear from, and meet, leading entrepreneurs, business-people, investors and managers of incubators, accelerators and shared working spaces. You will connect with a network, or form your own – one that will be fundamental in your success when you graduate.

Some of our 2016 speakers:

» Liz Atkinson Volpe Founder: Zest Possibilities, Project Gen Z and The League of Extraordinary Women

» Georgia Beattie Co-Founder: Beattie Wines

» Phil Catania Partner, Practice Group Leader of Intellectual Property and Lead Partner of the Melbourne Office, Corrs Chambers Westgarth

» Bessi Graham Co-Founder and CEO: The Difference Incubator

» Simon Griffiths Founder: Who Gives A Crap

» Tania de Jong AM Founder: Creative Universe

» David Mah Co-Founder and CEO: Kepler Analytics

» Tom McLeod Co-Founder and CEO: Myagi

» Stevan Premutico Founder: Dimmi

» Greg Roebuck CEO: Carsales

» John Tuck Partner and Practice Group Leader of Employment, Workplace Relations and Safety, Corrs Chambers Westgarth

» Amanda Walker Co-Founder: Lord of the Fries

Year 1 – Sample study plan:

SummerFoundations of Entrepreneurship Practice

Sem 1 Entrepreneur Within Garage Project Design Thinking

Business Acumen for Entrepreneurs

Creating a Successful Business Model

Winter Entrepreneur Within

Creating Your Own Enterprise

Elective/Internship

Sem 2 Entrepreneur Within

Creating Your Own Enterprise

Entrepreneurial Organisation Foundations

Managing Growth and Pathways to Market

Elective

Core Subjects Elective Subjects

MASTER OF ENTREPRENEURSHIP4

SUBJECT IN FOCUS

Garage Project

How many start-ups had their origins in a garage? Apple, Disney, HP and Mattel to name a few.

The Garage Project subject allows students to develop the skills involved in running an entrepreneurial venture in a real-life environment. You will learn to put lean start-up and design thinking principles into action as well as develop skills in team and process development.

Each group starts the semester with $1000 in seed funding, which they use to create a business that will attract customers, generate revenue, and give them experience with creating enterprises.

Want to live like a local when you travel?

Just as Airbnb matches people with beds, Entrepreneurship students Mond, Edwina, Kade and Madeline pitched ‘Lloci’ a start-up aimed at connecting tourists with locals in-the-know, for their Garage Project.

Their goal is to take you places you’d never take yourself with hand-picked local guides giving you access to bespoke studios, one-on-one sessions with experts in their field, behind-the-scenes events, private viewings and local hot spots.

Subject in Focus 5

Wade Institute Scholarships

Each of the Institute Scholarships are paid as a monthly stipend.

$25,000The Australia Post Scholarship$25,000 scholarship for an emerging entrepreneur interested in creating an e-commerce business or an entrepreneur who intends to locate their business in regional or rural Australia.

$25,000The Corrs Chambers Westgarth Entrepreneurs’ ScholarshipA $25,000 scholarship for entrepreneurs with the greatest potential.

$25,000The Impact Entrepreneurship ScholarshipA $25,000 scholarship for an aspiring young entrepreneur who will create a future business addressing a complex social, cultural or environmental problem of our time.

$25,000The Naomi Milgrom ScholarshipA $25,000 scholarship for one woman entrepreneur.

$25,000The Neville and Di Bertalli ScholarshipA $25,000 scholarship for two students with a demonstrated commitment to the agricultural sector.

$10,000–20,000The Ormond Entrepreneurs’ ScholarshipUp to 20 $10,000 and $20,000 scholarships available to help students with living and learning expenses.

Faculty of Business & Economics Scholarships

Graduate Merit Scholarships25-50% fee-remission scholarships based on academic merit. All applicants are automatically considered for this scholarship.

Prizes

Best Business Case2 x $10,000 prizes

Prize SponsorsCredit Suisse and CMB Capital

Each sponsor is offering a $10,000 prize to two graduates of the Master of Entrepreneurship who effectively pitch their start-up ideas to a panel of investors and leading entrepreneurs.

SCHOLARSHIPS

Sarah Agboola

2016 Australia Post Scholarship recipient.

“Since being here, I’ve realised that all you need to do to start a business is start. The support from the staff has been unbelievable, and learning from the cohort has been just as, if not more, influential.”

MASTER OF ENTREPRENEURSHIP6

ENTRY REQUIREMENTS

In order to be considered for entry, you will need to:

» have completed an undergraduate degree in any discipline

» complete a response to a structured questionnaire

» produce a 5-minute video pitching why you should be selected for the Master of Entrepreneurship

» meet the University’s English language requirements for graduate courses (scores required for applicants with approved English Language test results

include IELTS: 7.0 with no band less than 6.0, or equivalent.) For more information see: futurestudents.unimelb.edu.au/admissions/entry-requirements/language-requirements

» attend an in-person or Skype interview (for shortlisted candidates only*)

Fees Domestic and International: $48,000 (2017)

* Note: Master of Entrepreneurship candidates will need to be admitted to both Ormond College and the University of Melbourne. The interview for shortlisted candidates will include a component for admission to Ormond College as well as the University.

** This round is open to domestic and New Zealand applicants only

Application Closing DatesThe Master of Entrepreneurship has one intake per year in February.

Selection round dates for February entry:

Round ApplicationClosingDate InterviewDates

1 30 April 17 May 2017

2 30 June 19 July 2017

3 30 September 11 October 2017

4 27 November ** 6 & 8 December 2017

Find out morefbe.unimelb.edu.au/entrepreneurship

Course Code: MC-ENTR CRICOS: 089646D

Entry Requirements 7

Authorised by: Dean, Faculty of Business and Economics

Published by: Faculty of Business and Economics

Copyright: The University of Melbourne January 2017

CRICOS Provider code: 00116K

Intellectual Property: For further information refer to Statutes and Regulations.

Photography credit: Madeline Ellerm, Christopher Hopkins

Copyright: The University of Melbourne 2017. Copyright in this publication is owned by the University and no part of it may be reproduced without the permission of the University.

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Contact us

Faculty of Business and Economics

Level 4, 198 Berkeley Street

The University of Melbourne Victoria, 3010, Australia

fbe.unimelb.edu.au/ entrepreneurship

The Wade Institute

49 College Crescent, Parkville Victoria 3052