MBA International, in its quest to supporting innovation and entrepreneurship, continues its successful collaboration with MSD, the global healthcare leader, and Industry Disruptors – Game Changers to offer up to 10 scholarships to applicants for the “Innovation and Entrepreneurship” Major of the Full-time program for the academic year 2014-2015.
Scholarships will be awarded to candidates with innovative ideas resulting from academic research with business development potential or to entrepreneurs in the first stages of designing or developing a scalable start-up venture. Candidates must show that with their ideas, knowledge, talent and drive they have the potential to become industry disruptors and game changers with global reach. The scholarships cover all tuition and other I-MBA fees.
Attending the “Innovation and Entrepreneurship” Major of the MBA International Full-time program, recipients of the scholarships will acquire the necessary technical, business and personality skills and knowledge that will help them turn their research output or innovative idea into a successful business venture. In the context of their Immersion Project, after completion of all the courses, they will also have the opportunity to work 100% of their time on their new venture.
Candidates should satisfy the admission requirements of MBA International, follow the formal procedure for admission to the program and also attach a one-page summary (about 500 words) of the potential business to be developed. This essay should summarize the idea and the intended business model under the following headlines:
1. Targeted Customers – Segments and Types of Customers.
2. Value Proposition – What is the product/service intended to be offered, why and how is it innovative, and what are the key needs it will address among the intended customers?
3. Key Resources – What are the competencies, knowledge, relationships and resources in the new venture that will enable it to succeed?
4. Revenue Streams – How will the venture potentially make money? Even if the idea is for a non-profit, it must break even to be a sustainable venture.
The application form along with the respective documents have to be sent to the MBA International Program’s secretariat (47A Evelpidon Str. & 33, Lefkados Str., GR 11362, Athens, Greece, room 805), by August 29th, 2014, with the label “Innovation – ID”.