Helpline no. 0129-4259000

Helpline no. 0129-4259000

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Deemed to be University under section 3 of the UGC Act,1956

MBA in Innovation, Entrepreneurship and Venture Development (IEV) – MRIIRS

* Approved by AICTE: Click here

Recognizing entrepreneurship and start ups as the way forward for nation development, the MBA program in MBA in Innovation, Entrepreneurship and Venture Development provides a launch pad for the youth to manifest their ideas into business realities. FMS, MRIIRS has been identified by the AICTE as one of the few campuses across the country, to deliver this program. The pedagogy of the program is hands on, focusing skill enhancement and business incubation modules. This is supported by the Manav Rachna Business Incubator and the Manav Rachna Research Innovation Incubation Centre, which has been the pedestal for numerous successful start ups.

Syllabus of 2 years MBA/PGDM in Innovation, Entrepreneurship & Venture Development program comprises of core and elective Courses, skill certification, capstone projects and Action Learning Segments. With an objective to connecting theory of innovation and entrepreneurship with practice and enabling students to acquire skills, this outcome oriented program is designed to deliver in phases and modules. This will facilitate learning on management of innovation, entrepreneurship and venture development from foundation to advanced stages and simultaneously enable students to apply their entrepreneurial skills in real life situations, validate ideas, build innovations, test market and build a successful venture out of it.

Duration2 Yrs
FEES (per annum) for Indian Nationals in RupeesRs. 3,48,500
FEES (Per annum) in US $ For PIO/NRI StudentsUS $ 5500
Criteria for Preparation of Merit list
Merit preparation / short listing of candidates shall be on the basis of score in All India Entrance Tests (CAT/MAT/XAT/any other equivalent test) and GD/PI

The Combined Merit List shall be based upon the following weight ages:

  • Marks in Class X-10%
  • Marks in Class XII-10%
  • Marks in Graduation- 10%
  • Behavior Skill Test-10%
  • Marks in Entrance Test 25%
  • GD/Essay-10%
  • Personal interview – 20%
  • Work Experience/ Extra Curricular Activities – 5%
Eligibility Criteria
Graduation/Post Graduation or have passed the final examination conducted by the Institute of Chartered Accountants of India/ Institute of Cost & Works Accountants of India/ Institute of Company Secretaries of India/ any other course which is Government recognized course with minimum 50% marks.

Course Structure

This course has five Modules and two Action Learning Segments and three Capstone Projects to enable students to learn to recognize, create and shape a business opportunity, develop leadership and build a start-up team, construct business models, and assess market feasibility for launching new start-ups

Tracks/PhaseYearSemesterModules, Capstone Projects and Action Learning









Foundation of Management and Entrepreneurship Track












1st Year



1st Semester

  • Module-I: Introduction to Innovation and Entrepreneurial Idea Generation and Identifying Business Opportunities
  • Capstone Project-I: Development of a Innovative Business Idea into a Proof-of-Concept
  • Module-II: Management Skills for Entrepreneurs and Managing for Value Creation
  • Capstone Project-II: Development of Business Idea into working Prototype


2nd Semester

  • Module-III: Creating and Sustaining Enterprising Model & Organizational Effectiveness
  • Capstone Project-III: Development of Minimum Viable Business Model of Innovation
Start-up Experiential Learning Track: (Co-Learning & Contribution) 

  • Action Learning Segment-I: Start-up/Incubation Residency Learning Program
Entrepreneurship Intensity Track (Immersion into Incubation Facility and

Resource Access)





2nd Year



3rd Semester

  • Module-IV: Advancing Entrepreneurial Skill and Venture Planning
  • Module-V: Creating and Growing New Venture and National & Global Business Environment
Start-up Establishment Track 

4th Semester


  • Action Learning Segment-II:          Venture Establishment Phase at Incubators/Accelerators
Final ExitCompletion of “MBA/PGDM in Innovation, Entrepreneurship and & Venture Development” Degree


Programme Outcomes: By the end of the programme, students will have a knowledge and understanding of

  • Key concepts of entrepreneurship, innovation and new venture development
  • How to take an idea, build a prototype and launch to early customers in the market
  • Demonstrate how to Market and Idea/Prototype to early customers
  • Knowledge of scale up
  • Knowledge of venture growth strategies
  • Knowledge of Business Models and Fund Raising
  • Knowledge of Hiring and Talent Management
  • Knowledge of International Start-up Ecosystem

Scholarships Available


Marks / CGPA in Qualifying Examination

Tuition Fee Waiver

85% and above


80% to 84.99%


75% to 79.99%


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