October 20, 2010
by PLANT STAFF
HAMILTON: McMaster University is launching a new Master’s degree program that will bring together teams of entrepreneurs that want to generate business start-ups.
The Hamilton university announced that the Master of Technology Entrepreneurship and Innovation (MTEI) degree will bring together graduates from social sciences, humanities, arts, and business with engineering and science graduates.
Teams are to be comprised of specialists in marketing, finance, and field-specific disciplines such as health or energy, plus at least one engineering student. They’ll develop investor-ready proposals, including business, marketing and financing plans, and develop support networks of both technical and business mentors from academia and industry during the 16-month program.
The university is responding to the “growing number of inquiries” from non-engineering and science students interested in starting businesses needing technology but lacking the technical background, said Rafik Loutfy, director of the Xerox Centre for Engineering Entrepreneurship and Innovation, which will administer the program.
“We also noticed that students in the engineering entrepreneurship program were informally teaming up with students in other disciplines to gain the marketing, finance or discipline-specific insight they lacked. It made sense to bring the two together.”
The new program is to start in September 2011 pending approval from the Ontario Council on Graduate Studies.
The Faculty of Engineering is also adding an entrepreneurship stream to its five-year Engineering and Management undergraduate program.
Click here for more information about the new MTEI program.