The University of Maryland (UMD) will offer a master's degree program in technology entrepreneurship starting this fall, the school announced Tuesday.
The 30-credit, 15-month master of technology entrepreneurship degree, an online program, takes students from concept development and prototyping to business model generation and customer validation, according to a news release.
The program also covers legal aspects of entrepreneurship, financial and innovation management, and growth strategies.
"The University of Maryland is empowering the next generation of technology entrepreneurs through this innovative master's program," James V. Green, director of entrepreneurship education at the A. James Clark School of Engineering's Maryland Technology Enterprise Institute (Mtech), said in the release. Mtech is offering the master's program through the UMD Office of Extended Studies.
"In addition to our most rigorous academic entrepreneurship track, for the first time we are pairing this enriching academic experience with the skills and relationships of the university's acclaimed startup incubators," he added.
The degree can be completed in 15 months, with students enrolling in two 3-credit courses over five 12-week terms. The program is designed to fit both full-time and part-time students.
The following courses will be offered:
• Innovative Ideas and Concept Development
• Strategies for Managing Innovation
• Business Modeling and Customer Validation
• Innovative Thinking
• Creative Design, Prototyping and Testing
• Market Development and Commercialization
• Legal Aspects of Entrepreneurship
• Financial Management and New Venture Financing
• Corporate Technology Entrepreneurship
• Fundamentals of Technology Startup Ventures
In addition, the program's students will have access to Mtech's first online incubator, leveraging the experience and expertise in new venture formation and launch of the Technology Advancement Program incubator and Venture Accelerator Program.
The online incubator will include video-based coaching and advising, mentoring, networking and connecting promising startups with additional support, which could include funding introductions.
Mtech incubator graduates and success stories include two billion-dollar companies (Martek Biosciences and Digene Corp.), hybrid engine inventor PAICE Corp., and Web publishing platform Squarespace.
Companies started up by university grads include Google, Under Armour, Sirius XM Radio and Polycom.
The program costs about $19,500 -- plus books and fees, payable in five installments over the 15-month period -- and launches in September 2014.
About Mtech and UMD
Mtech's mission is to educate the next generation of technology entrepreneurs and create successful technology ventures, according to the release. Founded in 1983, it offers three experiential learning programs and 20-plus entrepreneurship and innovation courses, serving more than 1,000 students each year.
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UMD, a public research university, is Maryland's flagship university. It has about 37,000 students, 9,000 faculty and staff, and 250 academic programs.
Its faculty includes Nobel laureates, Pulitzer Prize winners, members of the national academies and Fulbright scholars. The university has a $1.8 billion operating budget, secures $500 million annually in external research funding and recently completed a $1 billion fundraising campaign.
The University of Maryland contributed.
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