Innovation and Entrepreneurship

Why Innovation and Entrepreneurship?

Entrepreneurship is the art and science of turning ideas into action. It’s about identifying opportunities, taking risks, and creating value in the world.

At UMaine, you’ll learn how to think creatively, solve problems, and navigate the challenges of starting and growing a business. From developing a business plan to securing funding, marketing your products or services, and building a strong team, you’ll gain the skills and knowledge needed to launch and run a successful venture.

But entrepreneurship isn’t just about starting your own business—it’s about embracing a mindset of innovation and resilience that can be applied to any career path. Whether you dream of launching a tech startup, leading social change, or revolutionizing an industry, our program will empower you to turn your passion into a profitable and purposeful venture.

Fast Facts

  • Degree: Bachelor of Science in Business Administration (BSBA)
  • Hours Required:
    MBS Core, 37
    Concentration, 15
    To graduate, 120
  • Popular Pairings: Management, Marketing, Kinesiology

MBS Undergrads

Entrepreneurship Students

Potential Careers

  • Business Owner/Founder
  • Startup Consultant
  • Project Manager
  • Operations Manager
  • Franchise Owner
  • Venture Capital Analyst
  • Social Media Manager
  • Business Development Manager

Curriculum Requirements

All business students must complete 12 Core Courses and 3 Professional Skills Courses:

  • Introduction to Business (MGT 101)
  • Excel Fundamentals for Business Analytics (BUA 105, 1-credit)
  • Financial Accounting (ACC 201)
  • Managerial Accounting (ACC 202)
  • The Legal Environment of Business (MGT 220)
  • Digital Business Transformation (BIS 235)
  • Principles of Marketing (MKT 270)
  • Principles of Management and Organization (MGT 325)
  • Production/Operations Management (MGT 337)
  • International Business (MGT 343)
  • Business Finance (FIN 350)
  • Strategic Management (MGT 449)
  • Professional Skills courses (3, 1-credit courses)

Students must earn a C- or better in all core business classes and may repeat any class only once in order to maintain academic good standing.

Complete 3 Required Courses:

  • Fundamentals of Innovation (INV 121)
  • Advanced Innovation Skills (INV 282)
  • Entrepreneurship & New Venture Creation (MGT 344)

Complete Two Entrepreneurship and Innovation Electives:

  • Innovation Leadership (INV 405)
  • New Business Models (MGT 425)
  • New Product Management (MKT 476)
  • Social Psychology (PSY 230)
  • Or other select Innovation and Entrepreneurship related course

Spotlights