Applications accepted on a rolling basis
Three schools. One integrated program.
One Year. Your venture.
Engineering + Business + Design
The 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
Jackie Collens is the Graduate Coordinator for the Master of Science in Innovation and Venture Development. She has worked at Arizona State University since 2016. She assists MSIVD students throughout the admissions process and as an academic advisor.
If you would like to schedule a call or Zoom meeting to discuss the program, please contact Jackie at Jacklyn.Collens@asu.edu or 480-727-1865.
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
Students become entrepreneurs from the day they walk in, working with a small founding team to make things happen.
Students will be in a failure-friendly space with the goal of learning faster. Instructors will mentor students and help them find the resources needed to achieve their goals.
Venture based; learning by doing.
Students create, develop and defend their ventures supported by the resources and academic rigor of ASU. Work will be honed, tested and challenged by like-minded peers, mentors and successful venture capitalists and leaders helping to refine learning and execution.
Studio courses support the innovation and venture development process
1 | Discover + Insight
The tools and experience to explore and immerse in industry or sector customer needs, competitive landscape and cultural context; where to begin, evaluate information, develop insights.
- 2 | Problem Reframing
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 3 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, 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 and risk mitigation strategies, investor pitch.
In addition, two support courses prepare students with 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 MS IVD faculty and program administrators - so is innovation. Therefore, MS IVD 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 MS IVD 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.