• Designed for innovators and founders

MS Innovation and Venture Development


engineering + business + design

The Master of Science in Innovation and Venture Development (MS-IVD) is a one-year program that prepares leaders with the mindset, skillsets, and practice needed to launch successful ventures in any industry or sector, inside existing organizations or as new entities. Prepare to lead cross-disciplinary teams in a world of growing uncertainty and ambiguity: identifying needs and evaluating opportunities; generating insights from real world problems, innovating solutions; creating and launching scalable business models that provide value to all stakeholders.

As a STEM-designated master’s degree, the MS-IVD allows eligible graduates on student visas access to an Optional Practical Training (OPT) extension for up to 36 months, helping international students gain additional real-world skills and experience in the U.S.

The MS-IVD is delivered by leading faculty within three world-renowned colleges within Arizona State University:

Ira A. Fulton Schools of Engineering
W. P. Carey School of Business
Herberger Institute for Design and the Arts

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As an MS-IVD graduate, you will:

  • Master the innovation and venture development process, integrating knowledge from business, engineering and design

  • Master the power skills of leadership, cross-disciplinary collaboration, team management, communication, customer engagement

  • Leave with experience founding and scaling your own venture within real marketplaces

  • Be prepared to successfully lead innovation at your own enterprise or an existing one, within the complex social and environmental challenges of our time

  • Have discounted access to ASU Core Research Facilities for one year after graduation