Online Graduate Certificate Program in New Venture Creation

New Venture Image

Available entirely online!

Offered through UMass Lowell's Manning School of Business, this 4-course online graduate certificate program assists the aspiring entrepreneur, inventor and mid-career professional in understanding and applying the process associated with starting a new business or creating new business opportunities within established organizations.

This program is specifically focused on the creation of technology-based ventures and is designed to assist professionals with undergraduate and career experience in science, engineering, technology or business fields in better understanding the venture creation process.

The program consists of two required courses - New Venture Creation and Innovation & Emerging Technology - and two electives, which the student selects in consultation with the Program Coordinator. Graduate students in the certificate program who are subsequently accepted into the UMass Lowell Master of Science in Innovation and Technological Entrepreneurship program may apply certificate courses with grades of 'B' or better to their UMass Lowell Master of Science in Innovation and Technological Entrepreneurship degree.

Required Courses (2):

  1. ENTR.6400 New Venture Creation (3cr)
  2. ENTR.6500 Innovation and Emerging Technology (3cr)

Elective Courses

Select two in consultation with Program Coordinator

  1. ENTR.6350 Financing Innovation and Technology Ventures (3cr)
  2. MKTG.6300 Market Research (3cr) - Available Fall 2016!
  3. ENTR.6550 Corporate Entrepreneurship (3cr) - Available Fall 2016!
  4. ENTR.6800 Capstone I - New Venture Planning (3cr)
  5. MGMT.6400 Building and Managing Teams (3cr)
  6. ENTR.6450 New Product Development (3cr) - Available Fall 2016!
  7. MIST.6350 Project Management (3cr) - Available Fall 2016!
  8. ENTR.5650 Technological Entrepreneurship
  9. ENTR.6700 Global Entrepreneurship (3cr)

*Please note that not all elective courses are available online

Admissions Requirements

Undergraduate degree and related experience in science, engineering, technology or business (other areas will be considered in consultation with the program coordinator).

For More Information

For more information on this Graduate Certificate Program, call the Manning School of Business at 978-934-2745 or email onlineprograms@uml.edu

Gainful Employment Disclosure Information

Completion rates, median loan debts and program costs are outlined for each certificate program.

Graduate Certificate Gainful Employment Disclosure Information

    Course Descriptions

    ENTR.5650 Technological Entrepreneurship

    This course is designed to help master's level students, often from fields outside of business, understand how technological and social innovations lead to new businesses and how those are created, funded, governed, and grown. Prerequisite: CSCE Graduate Restrictions Special Notes: Students with a CSCE or UGRD career need permission to take Graduate Level Courses

    ENTR.6350 Financing Innovation and Technology Ventures

    This course focuses on strategies for financing innovation and new technology ventures both within a firm and on a stand-alone basis. Topics covered will include: different types of business organizations; different sources of funding including internal sources and external sources such as angel investors, venture capitalists, etc.; short-term and long-term financial planning and forecasting; business valuation; term sheet negotiation and exit strategies including mergers and acquisitions and IPOs. Each aspect of the course will be covered within the context of a business plan and venture life-cycle. 3 credits. Prerequisite: MSITE or PSM sub-plan pre-req

    ENTR.6400 New Venture Creation

    This course is designed for students who are interested in entrepreneurship. The focus is on entrepreneurship as generic activity. It explores the opportunities and challenges face by individuals who seek to start a new ventures and the probable career development paths that are available. For those who may be interested in starting or running a new business, the course will provide an essential foundation for this process, identify the skills and resources required, and explore the opportunities available to the young entrepreneur. 3 credits. Prerequisite: Matriculated MBA

    ENTR.6450 New Product Development

    This course will enable students to understand the complexities involved in new innovation and technology-based product development. Through examples and exercises, students will be exposed to such topics as creative problem solving, customers/suppliers/partners involvements and inputs processes, integration among all functions, building and managing cross functional teams, rapid prototyping and development, creating a learning organization and measurements. 3 credits. Prerequisite: Matriculated MBA

    ENTR.6500 Innovation and Emerging Technology

    This course examines technological innovation and its relationship to value-creation and business strategy. Emphasis is placed on emerging scientific and technical innovations and the opportunities and challenges they present to both existing businesses and new venture entrepreneurs. The overall goal of this course is to help you to understand, appreciate and learn to manage the technology innovation process. Students examine innovation strategies, planning models, evaluation models, licensing and the commercialization process required to launch new businesses around innovative products and technologies. 3 credits. Prerequisite: Pre-req: MS-ITE or Core MBA

    ENTR.6550 Corporate Entrepreneurship

    This course focuses on entrepreneurship in established companies. Corporate Entrepreneurship (CE) is a process by which companies adopt a conscious strategy to encourage creativity, innovation, outside-the-box thinking, experimentation and risk taking. As a result, companies promoting and implementing CE strive for competitive advantages in rapidly changing global markets. The course will cover components of CE, developing & implementing CE strategies and managing CE. 3 credits. Prerequisite: MBA Professionals, MSA, MS-ITE

    ENTR.6700 Global Entrepreneurship

    This course discusses state of global entrepreneurship and the opportunities for it. It will cover different forms of global entrepreneurship, influences of macro forces and factors for global entrepreneurs consideration. The course will offer a structured approach to thinking and creating entrepreneurship beyond domestic markets and operations. It will present entrepreneurship framework, case studies, group projects and connections with global entrepreneurs to understand real-life global entrepreneurship. 3 credits. Prerequisite: Matriculated MBA

    ENTR.6800 Capstone I - New Venture Planning

    Capstone I-New Venture Planning (64.680) and Capstone II-New venture Implementation (64.681) focus on technology commercialization, business planning and initial incubation of an early-stage business by project teams, and the development of an investment proposal to launch a new business. In Capstone I students will be exploring, identifying and analyzing the path from Idea to Market for technology and research projects. They will evaluate selected technology and research projects for commercial applications and explore different options available to productize and introduce these projects to market. Where appropriate, teams will complete a new venture business plan and launch a new business (Capstone II). These two courses together will comprise the M.S.I.T.E program Capstone experience and will require students to actually develop these commercialization projects. Each student team will be assigned to a faculty member(s) who will instruct and guide them throughout this process. In addition to M.S.I. T. E. students, Capstone I may be taken by M.B.A. students as an elective and students in the New Venture Certificate program. 3 credits. Prerequisite: Matriculated MBA

    MGMT.6400 Building and Managing Teams

    One critical determinant of success in an on-going corporate venture or launch of a new product, service or company is the performance of teams. This course examines the key roles of leader and follower in the development of project teams in both start startups and existing companies. It will address issues relating to team composition, team member capabilities, and team dynamics as teams develop and change over time. Emphasis is placed on acquiring the interpersonal, communication and collaboration skills necessary for effective team performance. 3 credits. Prerequisite: Matriculated MBA students, MBA Foundation Core, MSITE program, or PSM sub-plan, or Grad. Coordinator permission

    MIST.6350 Project Management

    This course will focus on managing innovation and technology projects and the critical role that a project manager plays in successful execution. Topics included in the course are: project planning, deliverables, managing quality, change management, documentation, communication, risks management, project team and human resource management approaches and creating and managing expectations. 3 credits. Prerequisite: MBA, FoundCore or MSITE or MSA

    MKTG.6300 Market Research

    In this course students will learn and apply various marketing research techniques that will enable them to make soundly based decisions about new products or services in either an existing firm or new venture. Some of the topics covered include: assessing customer needs, estimating market demand, deciding the features of a proposed product/service and the price that would be most attractive in its target market. The course will provide students with an overview of key marketing concepts, and understanding of the statistical methodology behind market research techniques and practical application of these techniques through cases and projects. 3 credits. Prerequisite: MBA, FoundCore or MSITE or MSA

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Apply Into the Program

Apply Online or complete and submit the Graduate Certificate Application form (pdf).

For further details visit UMass Lowell's Graduate Admissions.

Register for Courses

Approximately 2 months prior to the start of each semester, Online and Continuing Education posts the new course schedule to the website. Once you've decided which course(s) you would like to take, returning students can register using SIS self-service, while new students must use the Non Degree Registration Form.
Note: If you previously completed an academic program through UMass Lowell
but haven't already applied and been accepted into this program, please use the Non Degree Registration Form to register.

Questions? Contact Us!

Email our Student Support Center for assistance, or call for advising at (800) 480-3190 and press 1 to speak with an advisor. See links at the bottom of this page for technical assistance with your online course.

Certificate Completion

Once you have completed all the courses in this graduate certificate program, please complete and either mail or fax the Graduate Certificate Clearance Form to the Registrar's Office.

The Benefits of Learning Online with UMass Lowell

The University has built a solid reputation by offering one of the largest selections of online programs available through a traditional university. Courses are taught by full-time faculty who are experts in their fields, and by adjunct faculty who, as practicing professionals, bring real-world experience to the online class discussions.

At UMass Lowell, we are committed to providing you with high-quality, affordable online programs that make earning your degree or certificate more convenient than ever before. Our students have access to online course technical support 24X7, and our academic advisors and program coordinators are happy to help you with your questions.