Applications for the Fall 2022 Cohort are now being accepted on a rolling basis. Seats are filling up – Apply now!
The application period for Fall 2023 will open in early September 2022. Priority application deadline is January 15, 2023.
Three schools. One integrated program.
One Year. Your venture.
Engineering + Business + Design
Launch a venture while you’re still in school.
Working full-time? Can’t relocate to Tempe? Attend remotely and graduate via ASU Sync.
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The Master of Science in Innovation and Venture Development (MSIVD) program is a transdisciplinary partnership between three leading schools at Arizona State University:
Ira A. Fulton Schools of Engineering + W. P. Carey School of Business + Herberger Institute for Design and the Arts
The MSIVD Learning Experience
The MSIVD program features two world-class learning modality options:
1. ASU Full Immersion Modality:
Live in-person in Tempe, Arizona, USA
2. ASU Sync Modality:
Live online during scheduled course meeting times (Mountain Standard Time, USA)
See MSIVD from the Inside
A master’s program that delivers what’s been missing from other entrepreneurial programs.
Leave with a road map for successful ventures, whether you’re looking to start something on your own or lead innovation inside a large organization. Every project is road tested, with the goal of delivering financial, social and environmental value simultaneously.
A studio-based, student-centric program
Become an entrepreneur from the day you walk in, working with a small founding team to make things happen. You’ll be in a failure-friendly space with the goal of learning faster. Instructors will help you find the resources needed to achieve your goals.
Venture-based. Learning by doing.
Create, develop and defend your venture, supported by the resources and academic rigor of ASU. Work will be honed, tested and challenged by like-minded peers, mentors, successful venture capitalists and business leaders helping to refine learning and execution.
Studio courses activate the innovation and venture development process
1 | Discover + Insight
Experience, explore and become immersed in industry or sector customer needs, the competitive landscape and cultural context. Learn where to begin, and how to evaluate information while developing insights.
- 2 | Problem Reframing
Diagnosing problems, pushing past conventional assumptions to see problems as opportunities for breakthrough solutions.
- 3 | Explore, Fail, Solve
Develop prototypes of a product, service or system using the scrum method in three two-week sprints, including ideation, success indicators, making, testing, evaluation and revision.
- 4 | Business Model
Articulate how the solution will reach customers at a profit. Create a value proposition, supply chain, customer segments, revenue model, key resources, activities, partners and cost structure.
- 5 | Scale
Assess growth opportunities and prepare financial and capitalization plan. Explore diversified products and scaling implications, quality control, risk mitigation strategies and develop your investor pitch.
In addition, two dynamic courses teach you the power skills required to become leaders of innovation:
- Fundamentals of Entrepreneurial Leadership
Practice “being” a leader, at the personal, interpersonal, and team levels.
- Scaling Entrepreneurial Leadership
Learn to lead by summoning resources, socially engaging surrounding communities, and navigating through organizational leadership challenges associated with growth.
- Intellectual Property
Intellectual Property is an important concern of the MSIVD faculty and program administrators. So is innovation. Therefore, MSIVD program leaders will aim to help all students, stakeholders, and sponsors understand the basic principles of IP policies within affiliated organizations. In turn, we will help all parties involved make common sense decisions about how to best protect individual and organizational IP interests, while being careful not to stifle innovation and economic development opportunities. In short, the MSIVD program leaders promise to not only educate students about IP best practices, but also to work collaboratively with relevant employers, sponsors, and stakeholders to develop innovative, “win-win-win” IP agreements, which are at the core of many breakthrough innovations.
- STEM Certification
The degree has a STEM Certification, which activates expanded benefits for veterans, as well as scholarship programs structured to support students in STEM-related fields. It also provides international students with a 24-month Optional Practical Training extension beyond the standard 12-month OPT limit.