Win a Scholarship for MSc in Innovations & Entrepreneurship

“Create an Innovation” is a scholarship competition to study at the MSc in Innovations and Entrepreneurship at the Lviv Business School of UCU.

The participants of the competition have to create a business canvas for their project (idea) according to the methodology found on the page under the section Road Map. Afterward the candidates will be asked to give a video presentation of their idea.

The authors of the best 10 works that pass to the final round will present their ideas in English to the jury. The presentations will take place in Lviv.

The two participants with the best presentations will receive a scholarship to study at the MSc in Innovations and Entrepreneurship program. The scholarship is 1400 euros, which covers 50% of the tuition fee. The next two participants with the best presentations will each receive a scholarship of 700 euros (25% of the tuition fee).

To participate in the competition, applicants must complete at least a bachelor’s degree (regardless of the major) by the end of August 2014

To become a participant, the candidate needs to:

1. Register

The applicant should fill out the application form on the website of LvBS. Afterward he or she will receive a confirmation and further instructions.

2. Create a business model project

The next step is to create a business canvas for the project, which the participant wants to implement in the future. The applicant can accomplish this task with help of the special tool called The Business Model Canvas on the Road Map page at

3. Make a video about the project.

After the participant has filled out the canvas, he or she has to record a short video (2 min max) which displays:

-       Project idea;
-       Goal;
-       Target audience.

4. Send the materials (completed business canvas in PDF or JPEG format and the video uploaded to YouTube) to

The application deadline is April 1. The jury will review and choose the 10 best projects. The results of the first round will be announced by April 11, 2014.

 The participants who do not wait to the last minute to submit their materials will receive a bonus – those who submit their work by March 31 will receive 5 extra points. 

5. Present the project

The 10 participants with the best projects will be invited to present their ideas to the experts. The event will take place in April 2014 in Lviv.

The results of the final round will be announced on May 1, 2014.

To participate in the competition, one must register and receive a confirmation. 

The project criteria: 
For the canvas:

  1. Relevance and social value of the project.
  2. Innovativeness of the idea.
  3. Accuracy of presenting the information and detailed justification of the business canvas’ elements.

For the video:

  1. Creativity and presentational skills.
  2. Brevity.
  3. Quality of materials.

 If you have any questions, please contact us:

Tel.:+38 098 350 35 56