Technology and entrepreneurship go hand-in-hand in developing some of today's most dynamic business ideas, innovative operations, and new ventures.
Today's entrepreneur faces a highly competitive and constantly changing marketplace driven by continuous innovation in technology, business models, execution, and strategy. In order to succeed, the new entrepreneur must develop an understanding of these dynamics and how this interplay creates value for a new venture.
RIT: Where Technology and Entrepreneurship Intersect
The advanced certificate in technology entrepreneurship features three required courses plus one elective. In its entirety, the curriculum provides the skills and knowledge an entrepreneur needs to successfully navigate the process of starting a new venture and managing technological innovation.
What is a Graduate Certificate?
A graduate certificate, also called an advanced certificate, is a selection of up to five graduate-level courses in a particular area of study. It can serve as a stand-alone credential that provides expertise in a specific topic that enhances your professional knowledge base, or it can serve as the entry point to a master's degree. Some students complete an advanced certificate and apply those credit hours later toward a master's degree.
Curriculum for Technology Entrepreneurship Adv. Cert.
A focus on financial issues affecting an entrepreneur. The course emphasizes, identifies, and follows the wealth creation cycle. The wealth creation cycle begins with an idea for a good, product or service, progresses to an initial company startup, passes through successive stages of growth, considers alternative approaches to resource financing, and ends with harvesting the wealth created through an initial public offering, merger or sale. Identification and valuation of business opportunities, how and from whom entrepreneurs raise funds, how financial contracts are structured to both manage risk and align incentives, and alternative approaches by which entrepreneurs identify exit strategies are reviewed. Lecture 3 (Fall).
Entrepreneurship and Technology Entrepreneurship
This course studies the process of creating new ventures with an emphasis on understanding the role of the entrepreneur in identifying opportunities, seeking capital and other resources, and managing the formation and growth of a new venture. Lecture 3 (Fall, Spring, Summer).
Choose one of the following:
This course addresses the unique challenges for the entrepreneur in management of value capture through innovation, and the importance of technology-based innovation for the establishment and growth of the new venture in global products and services industries. The course integrates four major themes: (1) Appropriability and Entrepreneurial Innovation (2) the relationships between innovation, value creation, and value capture amongst customers, stakeholders, and the marketplace, (3) the role of technology in creating global competitive advance in both product-based and services-based industries, and (4) developing and monitoring the operational framework for the delivery of new value in products and services. (Prerequisites: MGMT-720 or equivalent course.) Lecture 3 (Spring).
Management of Innovation
This course addresses the management of innovation, sustainable technology, and the importance of technology-based innovation for the growth of the global products and services industries. The course integrates three major themes: (1) leading-edge concepts in innovation, (2) the role of technology in creating global competitive advance in both product-based and services-based industries, and (3) the responsibility of businesses related to sustainability. The importance of digital technology as an enabler of innovative services is covered throughout the course. (completion of four graduate business courses) Lecture 3 (Fall, Spring, Summer).
Choose one of the following:
Global entrepreneurs need to utilize both domestic and overseas resources, explore transnational opportunities, and leverage worldwide networks at early stages of the development. This course is designed to address the unique challenges of this global challenge, as well as the richer opportunities faced by the “born globals.” Students will learn how to discover, evaluate, and enact opportunities across national borders in order to create goods and services that serve various company goals. Students will also be informed of the competitive strategies normally adopted by international entrepreneurs in other major economies such as EU, China, and India. Lecture 3 (Spring).
Applied Venture Creation
This graduate course enables students to learn the entrepreneurial (value creation) process by advancing a business idea. The course provides weekly seminars focusing on customer discovery and business model development and weekly coaching mentoring sessions with an established entrepreneur/early stage marketer. The project is team based. Students may enter the course with a business concept or be integrated into an existing team in the course. Lecture 3 (Fall, Spring, Summer).
Incubator/lab time via MGMT-799 (Independent Study Management)
Total Semester Credit Hours
To be considered for admission to the advanced certificate in technology entrepreneurship, candidates must fulfill the following requirements:
International applicants whose native language is not English must submit official test scores from the TOEFL, IELTS, or PTE. Students below the minimum requirement may be considered for conditional admission. Refer to Graduate Admission Deadlines and Requirements for additional information on English language requirements. International applicants may be considered for an English test requirement waiver. Refer to the English Language Test Scores section within Graduate Application Materials to review waiver eligibility.
Jessica Wagner and her classmates put together a plan to tame the traffic near Rochester’s International Plaza on Clinton Avenue. Students like Wagner, who are participating in RIT’s Engineering Grand Challenge Scholars program, are finding ways to integrate technical coursework with personal interests for careers that matter.
RIT students participated in this summer’s Studio930 design consultancy, an interdisciplinary studio that focuses on the development of assistive healthcare solutions by leveraging the use of technology, art, and design. The 10-week long summer experience concluded with a student exhibition inside RIT’s LiveAbility Lab, a close partnership between RIT and the Al Sigl Community of Agencies.
Local businessman and entrepreneur Bernard Kozel was known for having as much passion for helping others develop their businesses as he did for developing his own. Kozel’s dedication to supporting his partners, employees, and entrepreneurs in creating success is the inspiration behind several gifts to RIT.