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University Bulletin
Graduate Degree Programs

Corporate Innovation and Entrepreneurship

Dr. Shawn Clark, Clinical Professor for Innovation and Entrepreneurship
The Smeal College of Business
451C Business Building

Degrees Conferred:


The Graduate Faculty

The Program

The Master of Professional Studies in Corporate Innovation and Entrepreneurship program prepares graduates to stand out in the workplace and/or a competitive job market by studying at a highly-reputed business school with some of the world’s leading academic thinkers and industry experts. This program provides students with the business, leadership, and organizational skills needed to lead and facilitate corporate innovation in its many forms, new venture creation, effective change management, and entrepreneurial business planning. Students will acquire the skills needed to succeed in today’s dynamic work environments, gain a firm understanding of business and technology issues and problems, and be prepared to become leaders of innovation. The two primary concentration areas provided through this program, involving business and engineering, will give students the opportunity to develop competencies tailored to their needs in a corporate setting. Additional secondary academic concentrations are offered to allow students to explore focused business domains in-depth that relate directly to innovation and entrepreneurship. The program is taught by the same world-class professors who teach our M.B.A., executive education, and engineering students. A solid foundation in innovation, entrepreneurship, strategy, decision analysis, management, organizational behavior, accounting, marketing, business planning, and finance will make graduates more attractive to hiring managers and enable them to advance more rapidly into management and leadership positions. These learning outcomes are achieved by a combination of online learning experiences, lectures by faculty, invited guest lecturers, reading of key literature, individual and team projects, and a capstone experience that synthesizes and integrates past learning.

Admission Requirements

Admission requirements listed here are in addition to requirements stated in the General Information section of the Graduate Bulletin. Applicants apply for admission to the program via the Graduate School application for admission.

Applicants will be required to:

  • Have completed an average of three years of post-undergraduate, professional work experience. Managerial or team leadership experience is preferred but not required. Less experienced candidates will be considered at the discretion of the program director.
  • Submit two strong letters of recommendation.
  • Submit official transcripts from all post-secondary institutions attended.
  • Submit a statement of purpose (a 600 word essay articulating career and education goals) and a current resume.

Language of Instruction

The language of instruction at Penn State is English. English proficiency test scores (TOEFL/IELTS) may be required for international applicants. Consult the English Proficiency section of the Graduate Bulletin Application and Admission Procedures page for more information.

Applicants to the Penn State Smeal Master of Professional Studies in Corporate Innovation and Entrepreneurship program must have a minimum TOEFL score of 585 on the paper-based test, or a total score of 80 with a 20 on the speaking section for the Internet-based test (iBT). The minimum acceptable composite score for the IELTS for applicants is 6.5.

Degree Requirements

Requirements listed here are in addition to requirements stated in the Degree Requirements section of the Graduate Bulletin.

A minimum of 33 credits is required for the Master of Professional Studies in Corporate Innovation and Entrepreneurship program. At least 18 credits must be at the 500 or 800 level, with at least 6 at the 500 level. In addition to the 15 required core credits listed below, students are required to complete 9 elective credits in a Primary Concentration area, and 9 elective credits in a Secondary Concentration. The list of courses that will fulfill the Primary and Secondary Concentration areas is maintained by the graduate program office.

Required courses: (15 credits, including the 3-credit capstone course described below)



MBADM 531 - Corporate Innovation and Entrepreneurship


ENTR 810 - Emerging Trends, Technology, and Corporate Innovation


ENTR 502 - Business Modeling and New Venture Creation


ENTR 820 - Corporate Innovation Strategies and Entrepreneurial Methods


ENTR 830 - Entrepreneurial Business Planning and Strategy Execution


Culminating Experience

  • ENTR 830  Entrepreneurial Business Planning and Strategy Execution (capstone)

The capstone course, ENTR 830, serves a critical role in helping students synthesize and integrate past learning in the M.P.S. program, providing additional education on how to write a form business case or business plan, implement plans and new venture strategies, and scale new ventures to become mature business organizations. Additionally, this class requires students to write a robust, in-depth research paper on a topic related to innovation and entrepreneurship.

Student Aid

Refer to the Student Aid section of the Graduate Bulletin. Students in this program are not eligible for graduate assistantships.


Graduate courses carry numbers from 500 to 699 and 800 to 899. Advanced undergraduate courses numbered between 400 and 499 may be used to meet some graduate degree requirements when taken by graduate students. Courses below the 400 level may not. A graduate student may register for or audit these courses in order to make up deficiencies or to fill in gaps in previous education but not to meet requirements for an advanced degree.

Last Revised by the Department: Spring 2018

Blue Sheet Item #: 46-05-000

Review Date: 2/20/2018




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