MSc in Innovations and Entrepreneurship

Innovations and Entrepreneurship Program is a master’s degree education for those who look for personal and professional development and want to start their own business within realms of technology or innovations.


September 2017


21 months


55 000 UAH
(excluding VAT)

Early Bird registration

till the 31.05.2017
44 000 UAH

For Whom

The master’s program of Lviv Business School (LvBS) of UKU MSc in Innovations and Entrepreneurship is designed for ambitious people who are ready to create and launch their business projects within realms of technology or innovations, want to broaden their knowledge in entrepreneurship and get the understanding of business and innovations. The condition of completing the program is creation of a new business project “from scratch” or implementation of innovative approaches in activity of a company or an enterprise which already exists. The main principle of the program is focus on practical aspects which will let the participants study a market and enter it with their own business project.
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Program Structure

  • 10 modules of the main part of the program
  • 3 optional courses
  • Site visit to Kyiv (within one of the program modules)
  • A unique course “Leadership in Mountains” in Carpathians
  • International study tour
  • Preparation of a diploma project


The main courses of the program MSc in Innovations and Entrepreneurship:

          Innovative and strategic constituent

  1. Groundbreaking strategies and innovation theory
  2. Team work experts and design thinking
  3. Business models for creation of a new business (innovations and entrepreneurship)
  4. Management innovations
  5. Analysis of business conditions and making business decisions
  6. Personal development and leadershipConstituent “business as a system”
  7. Data analysis and projection
  8. Creating customer value and marketing of innovations
  9. Business communication
    A course that includes two components of communication:
    - Internal communications
    - External communications
  10. The fundaments of financial reporting and accounting what includes the following courses:
    - The fundamentals of accounting and reporting
    - Sources of funding businesses
    - The cost of money in regard to time
    - Budgeting
  11. Legal aspects of running business
  12. Philosophy and ethics of running business

And also three optional courses out of the following ones:

Learning is based on interactive teaching methods and includes “live” cases, workshops and lectures by invited guests, communicating with top-managers, case exercises based on Ukrainian companies and other innovative methods. Along with modern teaching methods and significant practical component, project-based learning is widely applied in order to find an effective solution of existing tasks at a certain enterprise presented by a participant.

Upon completing the main part of learning the participants undertake optional courses and prepare diploma papers on the basis of their projects. Meanwhile preparation of the diploma paper mentors and experts of Lviv Business School of UKU (LvBS) are working with the participants.

Admission to the program

Step 1

  1. To fill in the application form.
  2. When registration is confirmed to send on the application package:
    -  Two reference letters from colleagues, teachers, employers, LvBS graduates who will confirm competences and leadership skills, professionalism of an applicant (download Ukr, download Eng). Samples are sent separately
    - An essay on the topic “I as a startup”. Format: max. 1000 words, font 14 pt Arial black, 1,5 line spacing; page properties: left, top, bottom 2 cm, right 1,5 cm, full justification. The essay has to demonstrate an applicant’s way of thinking and attitude towards studying and development.
    - Scanned copies of Ukrainian and foreign passports.
    - Copies of the diploma of higher education.

Step 2

To come to the entrance exam in a due time. The exam will include:

  1. Test of English*
    *In case an applicant has a valid certificate IELTS/TOEFL confirming the language level not lower than B2, it is not needed to pass the test.
  2. Handling business case, what has to show how a candidate will work under uncertain conditions including how he/she will demonstrate leadership and problem solving skills, ability to be flexible and cultivate team work. Presentation of the case is made in English.
  3. Interview to understand the main learning motivation of a candidate, his/her expectations from the program, ability to work in a team with other participants of the program.


  • Bachelor’s degree in any specialty
  • English level not lower than B2 and a possibility to confirm it with certificates IELTS, TOEFL, PTE or by passing an internal entrance exam provided by Center of Modern Foreign Languages of Ukrainian Catholic University
  • At least two-year experience of work as a manager or in NGO or volunteering
  • Age 23-29


  1. Can I get a scholarship for the program studying?
    Yes, you can get a scholarship on condition of successful completion of predevelopment program and defense of the project.
  2. What does modular form of studying mean?
    The studying takes place once in a month for four days (Wednesday – Saturday) from 10 am to 6 pm) during the last or last but one week of a month. According to the state standards of higher education, a modular education equals to a full-time education. During the intemodule period the participants perform practical tasks.
  3. Is deferment of military service in The Armed Forces of Ukraine given?
    Yes, for the whole period of studying within the program till the moment of awarding of the diploma. In case of expulsion, the right on deferment is lost.
  4. Is it required to pay full tuition fees immediately?
    Payment is made in three tranches at the beginning of each semester (September-February-September).
  5. Can I enter the program if I do not have an idea yet?
    Yes, though the priority would be given to the participants who have a project idea and will be able to apply the knowledge received during studying on their own project.
  6. Can I enter the program if my English level does not meet the requirements?
    English level has to be not lower than B2.
  7. Does the diploma of the program’s graduate give a possibility to continue studying abroad?
    Yes, it does after undergoing the procedure of apostilization.
  8. Can I enter the program parallel to the Master’s I am already doing?
    No, as in Ukraine it is not possible to study at two full-time master’s programs simultaneously. The participant has a possibility to study at the program as a listener what does not affect quality of teaching and the amount of tuition fees respectively.
  9. How many ECTS credits will I get in case of successful completion of the program?
    90 ECTS credits what corresponds to 1,5-year master’s program.

Program Benefits

Individual Approach

The program provides interactive format and comfortable schedule for the students. These are 4 days monthly during 1,5 year in a modern learning campus of UKU and in unique atmosphere of European Lviv

The best combination of practice and theory

Learning from teachers-practitioners from Ukraine and abroad, permanent mentoring by successful entrepreneurs regarding projects, business trip to Kyiv

Applied project learning

In the course of studying students test their own business idea, create a working product/service prototype, carry out few rounds of the prototype testing and collect feedback from the clients. The next step is getting the product/service on a stable level and description of the whole business process in the diploma project

Master's Degree

Participants of the program will earn Master`s degree of Lviv Business School of Ukrainian Catholic University, in the case of successful complete of the program and defend the project with a positive assessment by the expert committee. The diploma can be legalized abroad after Apostille procedures

LvBS Ecosystem

Participants will become a part of the dynamic business community of LvBS, which is a long-term investment in their development

A possibility to find investments

The best diploma projects can be a candidate for the prize From 0 to 1 – StartUp Innovation


Lyubomyr Tarnovsky

Lecturer of Master's and Executive Education programs

Valeriy Pekar

Entrepreneur, social activist, president of Euroindex

Anna Honcharyk

Lecturer of Master's programs

Denys Dovhopolyi

Lecturer of Master's programs

Bohdan Kupych

Vice President of Business Development at KM CORE

Ihor Blystiv

MSc in Innovations and Entrepreneurship

Maksym Savanevsky

MSc in Innovations and Entrepreneurship

Mykhaylo Salo

Lecturer of Master's and Executive Education programs

Andriy Hrynchuk

Lecturer of Master's and Executive Education programs

Joao Perre Viana

Lecturer of Master's and Executive Education programs, member of LvBS Advisory Board

Anna Lewis

Lecturer, Academic leader of MAHROD program


Mykhailo Dumanskyi

MSc in Innovation and Entrepreneurship program manager
  • +38 (067) 672 58 00


The project was born during my study at LvBS. Of course, being still an idea it looked somewhat differently, but studying framed it pointing at important things and leaving what was not needed out… You can be lucky but without knowledge you can lose everything in a moment or be not productive or ineffective. I guess everyone understands education in his/her own way. One can read hundreds of books and make no use of it and another one can without reading any book attend a lecture instead which will later change his/her life. I like the format when I know what to read and a teacher can put it in simple words as usually his/her knowledge is a real experience. This all I received in the school and this is all that’s needed.

Tetiana Kostina

The author of an inspiring journal about the journey around Ukraine “La Boussole”
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