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MBA in Innovation Entrepreneurship And Venture Development at Gujarat Technological University
Ahmedabad, Gujarat
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About the Specialization
What is Innovation Entrepreneurship and Venture Development at Gujarat Technological University Ahmedabad?
This Innovation Entrepreneurship and Venture Development program at Gujarat Technological University focuses on equipping future leaders with the mindset and skills to foster new ventures and drive innovation. Given India''''s burgeoning startup ecosystem and emphasis on ''''Make in India'''' and ''''Start-up India'''' initiatives, this specialization is highly relevant for creating job creators and innovators who can contribute to economic growth and technological advancement. It aims to develop strategic thinking for ideation, business model development, funding, and scaling new enterprises in the dynamic Indian market.
Who Should Apply?
This program is ideal for ambitious individuals eager to launch their own businesses, or join and lead innovation teams within established corporations. It suits fresh graduates with a foundational understanding of business, working professionals seeking to transition into entrepreneurial roles or infuse an intrapreneurial spirit into their organizations, and career changers passionate about bringing innovative ideas to fruition. Candidates with a creative problem-solving aptitude and a drive for impact in various sectors of the Indian economy would find this program highly beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue diverse career paths such as startup founders, venture capitalists, innovation consultants, product managers in tech startups, or intrapreneurs within large companies in India. Entry-level salaries might range from INR 4-8 LPA for junior roles, escalating to INR 15-30+ LPA with experience and successful ventures. The program fosters critical skills like design thinking, financial modeling, and strategic planning, essential for navigating the competitive Indian business landscape and aligning with certifications in project management or business analysis.
Student Success Practices
Foundation Stage
Build a Strong Foundational Business Acumen- (Semester 1-2)
Focus diligently on core MBA subjects like Finance, Marketing, Operations, and HR. Understand how these functions interrelate to form a holistic business perspective. Actively participate in case studies and group discussions to apply theoretical knowledge to real-world scenarios.
Tools & Resources
Harvard Business Review case studies, NPTEL courses on foundational business topics, LinkedIn Learning, Peer study groups
Career Connection
A solid business foundation is crucial for any successful entrepreneur or business leader, enabling informed decision-making and strategic planning in diverse industry contexts.
Develop Critical Thinking and Communication Skills- (Semester 1-2)
Engage in debates, presentations, and report writing to hone analytical and persuasive communication abilities. Seek feedback on your communication style and actively work on improving it. Join student clubs related to public speaking or business discussions.
Tools & Resources
Toastmasters International, Online courses on critical thinking (e.g., Coursera, edX), Consistent practice of presentation skills
Career Connection
Strong communication is vital for pitching ideas, negotiating deals, and leading teams, directly impacting success in entrepreneurial ventures and corporate roles.
Initiate Networking and Industry Awareness- (Semester 1-2)
Start attending industry webinars, local entrepreneurship meetups, and GTU-organized events featuring business leaders or startups. Connect with alumni and professionals on LinkedIn. Read business newspapers and magazines (e.g., Economic Times, Business Standard, Forbes India) to stay updated on economic trends and startup news.
Tools & Resources
LinkedIn, Eventbrite for local events, Industry associations (e.g., CII, FICCI Young Leaders), Business news portals
Career Connection
Early networking builds connections for future mentorship, partnerships, and job opportunities, crucial for navigating the entrepreneurial ecosystem.
Intermediate Stage
Deep Dive into Entrepreneurial Ecosystem- (Semester 3)
Actively participate in entrepreneurial workshops, startup weekends, and mentorship programs available through GTU''''s Innovation Center (GIEC). Seek out opportunities to intern with early-stage startups or venture capital firms to understand the practical aspects of venture development and investment.
Tools & Resources
GTU Innovation & Entrepreneurship Center (GIEC), Local startup incubators (e.g., VentureStudio at Ahmedabad University), Angel Investor networks
Career Connection
Direct engagement with the ecosystem provides invaluable insights, networking opportunities, and potentially leads to co-founder roles or future funding for personal ventures.
Develop and Refine Business Models- (Semester 3)
Work on developing detailed business plans for innovative ideas, focusing on market validation, revenue models, financial projections, and operational strategies. Participate in college-level or regional business plan competitions to gain feedback and exposure.
Tools & Resources
Business Model Canvas, Lean Canvas, Financial modeling software (e.g., Excel), Pitch deck templates
Career Connection
The ability to craft a viable business model is a core skill for entrepreneurs and highly valued in roles requiring strategic planning or new product development.
Master Pitching and Fundraising Fundamentals- (Semester 3)
Practice pitching business ideas to faculty, mentors, and peers. Understand various funding sources like angel investors, venture capital, and government grants (e.g., Startup India Seed Fund Scheme). Learn to prepare compelling pitch decks and financial projections for potential investors.
Tools & Resources
Online pitching courses, Examples of successful startup pitches, Platforms like Crunchbase for investor research, Mentorship from experienced founders
Career Connection
Essential for securing investment for your own startup or for understanding the fundraising process in roles within venture capital or corporate development.
Advanced Stage
Execute Real-World Entrepreneurial Projects/Dissertation- (Semester 4)
Utilize the final dissertation or major project to either develop a comprehensive business plan for your own venture idea, conduct in-depth research on an entrepreneurial challenge, or work on a consulting project for a startup. Focus on practical implementation and measurable outcomes.
Tools & Resources
Project management software, Primary research tools (surveys, interviews), Data analysis software (e.g., SPSS, R), Academic databases
Career Connection
This capstone experience demonstrates your ability to apply theoretical knowledge to complex entrepreneurial problems, enhancing your employability or readiness for launching a startup.
Build a Personal Brand and Network for Career Launch- (Semester 4)
Refine your professional online presence (LinkedIn, personal website if applicable). Actively engage with mentors and expand your network within the startup and investment community. Attend placement drives, entrepreneurship summits, and job fairs.
Tools & Resources
LinkedIn profile optimization guides, Personal branding workshops, Networking events organized by industry bodies
Career Connection
A strong personal brand and network are crucial for securing desired roles, finding co-founders, or attracting early customers/investors for your venture.
Continuous Learning and Adaptation- (Ongoing, especially Semester 4 and beyond)
Cultivate a habit of continuous learning by staying updated on emerging technologies, market trends, and policy changes affecting the entrepreneurial landscape in India. Be agile and adaptable in your approach to problem-solving and venture development.
Tools & Resources
TechCrunch, Inc. India, YourStory, Entrepreneur India, Industry reports, Online courses on emerging tech (AI, Blockchain) or new business models
Career Connection
The entrepreneurial world is constantly evolving; continuous learning ensures long-term relevance and success in a dynamic environment.
Program Structure and Curriculum
Eligibility:
- Bachelor''''s Degree (10+2+3 or 10+2+4 pattern) with minimum 50% marks (45% for SC/ST/SEBC candidates) from a recognized university. Valid scores in CMAT, CAT, MAT, XAT, ATMA or equivalent competitive examinations are typically required.
Duration: 2 years (4 semesters)
Credits: 90 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 3170001 | Managerial Economics | Core | 3 | Basic Economic Concepts, Demand Analysis and Forecasting, Production and Cost Analysis, Market Structures and Pricing Strategies, National Income and Business Cycles |
| 3170002 | Principles of Management | Core | 3 | Introduction to Management, Planning and Decision Making, Organizing and Staffing, Directing and Controlling, Managerial Ethics and Social Responsibility |
| 3170003 | Accounting for Management | Core | 3 | Introduction to Financial Accounting, Financial Statement Analysis, Cost Accounting Concepts, Budgeting and Variance Analysis, Working Capital Management |
| 3170004 | Marketing Management | Core | 3 | Marketing Environment and Orientation, Consumer Behavior and Market Segmentation, Product and Pricing Decisions, Promotion and Distribution Strategies, Marketing Research and Analytics |
| 3170005 | Organisational Behaviour | Core | 3 | Foundations of Individual Behaviour, Perception, Learning and Attitudes, Motivation Theories, Group Dynamics and Team Building, Leadership and Conflict Management |
| 3170006 | Business Statistics | Core | 3 | Data Collection and Presentation, Measures of Central Tendency and Dispersion, Probability and Probability Distributions, Sampling and Hypothesis Testing, Correlation and Regression Analysis |
| 3170007 | IT for Managers | Core | 3 | Information Technology Fundamentals, Database Management Systems, Networking and Internet, E-commerce and E-business Models, Data Security and Privacy |
| 3170008 | Business Communication | Core | 3 | Communication Process and Types, Oral Communication Skills, Written Communication Skills, Business Presentations and Public Speaking, Cross-Cultural Communication and Ethics |
| 3170009 | Managerial Computing | Lab | 3 | Spreadsheet for Data Analysis (MS Excel), Presentation Software (MS PowerPoint), Word Processing (MS Word), Basic Database Applications, Business Analytical Tools |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 3170010 | Human Resources Management | Core | 3 | HR Functions and Policies, Manpower Planning and Recruitment, Training and Development, Performance Management and Appraisal, Compensation and Industrial Relations |
| 3170011 | Financial Management | Core | 3 | Financial Goals and Environment, Capital Budgeting Decisions, Capital Structure Theories, Cost of Capital, Dividend Policy and Working Capital Management |
| 3170012 | Operations Management | Core | 3 | Operations Strategy and Productivity, Facility Location and Layout, Production Planning and Control, Inventory Management, Quality Management and Supply Chain Management |
| 3170013 | Management Science | Core | 3 | Linear Programming, Transportation and Assignment Problems, Network Analysis (PERT/CPM), Decision Theory and Game Theory, Simulation and Queuing Theory |
| 3170014 | Research Methodology | Core | 3 | Introduction to Business Research, Research Design and Methods, Data Collection Techniques, Sampling Design, Data Analysis and Report Writing |
| 3170015 | Business Environment | Core | 3 | Economic Environment, Political and Legal Environment, Socio-Cultural Environment, Technological Environment, Global Business Environment |
| 3170016 | Strategic Management | Core | 3 | Concept of Strategy and Strategic Management, Strategic Analysis and Formulation, Strategic Choice and Implementation, Corporate Governance and Ethics, Strategic Control and Evaluation |
| 3170017 | Enterprise Resource Planning | Core | 3 | Introduction to ERP, ERP Modules and Architecture, ERP Implementation Challenges, ERP Vendors and Market, ERP Benefits and Trends |
| 3170018 | Employability & Skill Development | Lab | 3 | Personality Development, Soft Skills and Professional Etiquette, Presentation Skills, Group Discussion Techniques, Interview Preparation and Resume Building |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 3170019 | General Elective 1 | Elective (General) | 3 | |
| 3170020 | General Elective 2 | Elective (General) | 3 | |
| 3170021 | Specialization Elective 1 (Innovation Entrepreneurship and Venture Development) | Elective (Specialization) | 3 | |
| 3170022 | Specialization Elective 2 (Innovation Entrepreneurship and Venture Development) | Elective (Specialization) | 3 | |
| 3170023 | Specialization Elective 3 (Innovation Entrepreneurship and Venture Development) | Elective (Specialization) | 3 | |
| 3170024 | Summer Internship Project | Project | 4 | Project Planning and Design, Data Collection and Analysis, Report Writing and Presentation, Industry Application and Problem Solving, Organizational Study |
| 3170025 | Research Paper/Case Study | Core Elective | 1 | Literature Review, Research Design, Case Analysis, Academic Writing, Data Interpretation |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 3170026 | General Elective 3 | Elective (General) | 3 | |
| 3170027 | Specialization Elective 4 (Innovation Entrepreneurship and Venture Development) | Elective (Specialization) | 3 | |
| 3170028 | Specialization Elective 5 (Innovation Entrepreneurship and Venture Development) | Elective (Specialization) | 3 | |
| 3170029 | Specialization Elective 6 (Innovation Entrepreneurship and Venture Development) | Elective (Specialization) | 3 | |
| 3170030 | Dissertation | Project | 4 | Problem Identification and Formulation, Literature Review, Methodology Design, Data Analysis and Interpretation, Thesis Writing and Presentation |
