Be the Next Maryland Success

Technology Entrepreneurship at UMD

Plan of Study & Courses

Advising | Plan of Study | Course Descriptions

Advising & Academic Director

Mentoring and advisement is an essential part of the program. Students meet with faculty and the program director to ensure that educational goals are being met. Prospective students are urged to consult with Dr. James V. Green, Director, via e-mail: mtecheducation@umd.edu.

Plan of Study

MPS-TE is committed to teaching the disciplines of entrepreneurial thinking that produce not just entrepreneurial inspirations but an entrepreneurial frame of mind. The 30-credit, 9-course graduate program may be completed in 15 months by enrolling in two 3-credit courses in the first four 12-week terms and a 6-credit capstone course in the final 12-week term. Students apply and are admitted as a cohort (fall or spring) and follow the plan of study as outlined below. The MPS empowers the student to:

  • Think beyond current paradigms in order to discover innovation needs and to envision impact through strategic idea and concept development (1st Term of Matriculation).
  • Leverage ideas to create sustainable business models aligned with customer needs and wants in competitive marketplaces (2nd Term of Matriculation).
  • Manage commercialization challenges and market launch efficiently and effectively (3rd Term of Matriculation).
  • Navigate the legal aspects of product development and company launch and build sound financial and accounting strategies and practices (4th Term of Matriculation).
  • Know how to accelerate growth and create sustainable value through appropriate business development, risk management, financing, and value extraction strategies (5th Term of Matriculation).
MPS in Technology Entrepreneurship: Plan of Study
Course Required Courses Order of Matriculation Fall Cohort Term of Study Spring Cohort Term of Study
ENES662 Innovative Ideas and Concept Development 1st Term I (Fall) III (Spring)
ENES663 Strategies for Managing Innovation 1st Term I (Fall) III (Spring)
ENES664 Business Modeling and Customer Validation 2nd Term II Winter IV (Summer)
ENES665 Innovative Thinking 2nd Term II Winter IV (Summer)
ENES666 Creative Design, Prototyping, and Testing 3rd Term III (Spring) I (Fall)
ENES667 Market Development and Commercialization 3rd Term III (Spring) I (Fall)
ENES670 Financial Management and New Venture Financing 4th Term IV (Summer) II Winter
ENES671 Legal Aspects of Entrepreneurship 4th Term IV (Summer) II Winter
ENES672 Launching Technology Startup Ventures 5th Term I (Fall) III (Spring)

Course Descriptions

ENES662 Innovative Ideas and Concept Development, 3 credits Focuses on the content, methods, and models for new venture opportunity assessment and analysis. Learn how to identify and analyze entrepreneurial opportunities for technology-based ventures by first understanding their personal self and decision-making factors. Examine how to evaluate the opportunities and challenges within industries and markets of interest.

ENES663 Strategies for Managing Innovation, 3 credits Emphasizes how innovative leaders can use strategic management of innovation to enhance firm performance. Understand the process of technological change; the ways that firms come up with innovations; the strategies that firms use to benefit from innovation; and the process of formulating technology strategy. Provides frameworks for analyzing key aspects of these industries and teaches students how to apply these frameworks.

ENES664 Business Modeling and Customer Validation, 3 credits Focuses on how to create and deliver value for customers and how to sustainably extract value for the venture. Develop business models that encompass the product or service, customers, and the economic engine that will deliver on venture objectives.

ENES665 Innovative Thinking, 3 credits Introduces tools to boost creative problem solving skills. Rediscover personal thinking preferences, identify and eliminate mental blocks, and enhance communication and teaming skills. Unlock their creative potential, and explore win-win approaches to problem solving.

ENES666 Creative Design, Prototyping, and Testing, 3 credits Enables students to transition from creative, innovative, design thinking methods to prototyping and concept testing their products and services. Emphasis is placed on an integrated and interdisciplinary approach to engineering design, concurrent engineering, design for manufacturing, industrial design, and the business of new product development.

ENES667 Market Development and Commercialization, 3 credits Provides an orientation to key marketing concepts critical to marketing technology-based products and services. Identify market opportunities, understand customer preferences, evaluate market acceptance, and devise the appropriate going to market strategies.

ENES670 Financial Management and New Venture Financing, 3 credits Provides the essential tools and know-how to build a strong financial foundation for a new technology venture. Examines accounting principles as well as methods for keeping firm financial control of your enterprise. Insights are shared on navigating financial barriers as well as how to raise the right amount of capital at the right time from the right source.

ENES671 Legal Aspects of Entrepreneurship, 3 credits Highlights the critical legal and business issues entrepreneurs face as they build and launch a new venture. Explore real world scenarios, and address legal and business issues from ideation to all of the important junctures along the path to success. Significant attention is placed on new venture formation, intellectual property management, and financing arrangements.

ENES672 Launching Technology Startup Ventures, 6 credits Helps students to learn the processes and skills needed to launch and manage technology startup ventures. Students learn how to apply best practices for planning, launching, and managing new companies. Students will discuss a wide range of issues of importance and concern to technology entrepreneurs, to include how to navigate uncertainty.

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