It boasts just 28 students but the first Australian MBA in Entrepreneurship is aimed at teaching them all how to reach into the deep pockets of venture capitalists.
The course will launch on Friday at the University of Technology Sydney(UTS) and hopes to arm students with the ability to sell their ideas.
‘This is a program whose time has come…as soon as we announced this program we got enormous interest,’ UTS Business School Dean Professor Roy Green said.
The course can be completed as an entire MBA or students can take individual parts of it, an option Professor Green hopes will encourage students across all faculties.
‘We see our students taking a stronger interest in creating their own ventures, shaping their own destiny…this is going one step further,’ he said.
The first intake has been deliberately kept small at 28 but Mr Green said the diversity in the class was key.
Students are aged from 22 to 60 and 40% of those are women.
‘To see so many women taking up entrepreneurial studies at UTS was a huge endorsement and it is something we all need to radically lift our game on,’ Assistant Minister for Innovation Wyatt Roy said.
‘We need to turn these incredible entrepreneurs, these incredible female scientists, into the rock stars that they deserve to be,’ Mr Roy said.
‘The trick is you’ve got to make it inspiring…rather than saying to a very young Australian, `do you want to study science and technology?’, we say, `well do you want to be an astronaut or do you want to be somebody who cures cancer?’.
UTS Business School associate dean associate professor James Hutchin said the traditional approach to business was teaching people how to do something.
‘But when you talk about entrepreneurial education, it’s about teaching you how to be something. It’s about creating the conditions that allow entrepreneurship to emerge,’ Professor Hutchin said.
Details of the course are as follows:
starts on March 18
three certificates offered in commercialisation, entrepreneurship and new venture funding
mentoring from industry helps develop, test and launch projects while in the course