The Wade Institute is a dynamic and state-of-the-art teaching centre that provides both a ... from robotics to consumer
MASTER OF ENTREPRENEURSHIP 2018 INTAKE
2
MASTER OF ENTREPRENEURSHIP
THE PROGRAM
“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
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.
Who is it for?
Students learn how to design new products and services, as well as how to develop a successful business model.
»» The program is about learning by doing and is highly practical.
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 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.
The Wade Institute
THE CLASS OF
2016
100%
40%
OF STUDENTS STARTED A BUSINESS IN SEMESTER 1
ARE FROM A STEM BACKGROUND
60%
50%
ARE WOMEN
EITHER HAD A BUSINESS THEY WERE CURRENTLY WORKING ON OR HAD A START-UP IN THE PAST YEAR
3
28
HAVE PHDS
IS THE AVERAGE AGE
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.
3
4
MASTER OF ENTREPRENEURSHIP
THE EXPERIENCE
Stevan Premutico Founder: Dimmi speaking to Master of Entrepreneurship Students Year 1 – Sample study plan:
Program Structure The 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.
Summer
Foundations of Entrepreneurship Practice
Sem 1
Entrepreneur Within
Garage Project
Design Thinking
Winter
Entrepreneur Within
Creating Your Own Enterprise
Elective/ Internship
Sem 2
Entrepreneur Within
Creating Your Own Enterprise
Entrepreneurial Organisation Foundations
Core Subjects
Business Acumen for Entrepreneurs
Creating a Successful Business Model
Managing Growth and Pathways to Market
Elective
Elective Subjects
Speakers Experience 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
Subject in Focus
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 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.
5
6
MASTER OF ENTREPRENEURSHIP
SCHOLARSHIPS Wade Institute Scholarships Each of the Institute Scholarships are paid as a monthly stipend.
$25,000
$10,000–20,000 The Ormond Entrepreneurs’ Scholarship Up to 20 $10,000 and $20,000 scholarships available to help students with living and learning expenses.
The 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.
$25,000 The Corrs Chambers Westgarth Entrepreneurs’ Scholarship A $25,000 scholarship for entrepreneurs with the greatest potential.
Faculty of Business & Economics Scholarships Graduate Merit Scholarships 25-50% fee-remission scholarships based on academic merit. All applicants are automatically considered for this scholarship.
Prizes Best Business Case 2 x $10,000 prizes Prize Sponsors
$25,000
Credit Suisse and CMB Capital
The Impact Entrepreneurship Scholarship
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.
A $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.
$25,000 The Naomi Milgrom Scholarship A $25,000 scholarship for one woman entrepreneur.
$25,000 The Neville and Di Bertalli Scholarship A $25,000 scholarship for two students with a demonstrated commitment to the agricultural sector.
“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.” Sarah Agboola 2016 Australia Post Scholarship recipient.
Entry Requirements
ENTRY REQUIREMENTS In order to be considered for entry, you will need to:
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
»» 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
»» attend an in-person or Skype interview (for shortlisted candidates only*)
Fees Domestic and International: $48,000 (2017)
Application Closing Dates The Master of Entrepreneurship has one intake per year in February. Selection round dates for February entry: Round
Application Closing Date
Interview Dates
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
* 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
Find out more fbe.unimelb.edu.au/entrepreneurship
Course Code: MC-ENTR CRICOS: 089646D
7
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
Authorised by: Dean, Faculty of Business and Economics
Photography credit: Madeline Ellerm, Christopher Hopkins
Published by: Faculty of Business and Economics
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.
Copyright: The University of Melbourne January 2017 CRICOS Provider code: 00116K Intellectual Property: For further information refer to Statutes and Regulations.
Disclaimer: The information in this publication was correct at the time of printing. The University of Melbourne reserves the right to make changes as appropriate. As details may change, you are encouraged to visit the
University’s website or contact the University of Melbourne Information Centre to obtain the latest information. Statement on Privacy Policy: when dealing with personal or health information about individuals, the University of Melbourne is obliged to comply with the Information Privacy Act 2000 and the Health Records Act 2001. For further information refer to the privacy policy.
