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Innovation Management and Entrepreneurship

Two years of studying at KTU, and you are a Master of Business Management – a person who is ready to conquer the entire world with his ideas. This degree program is unique because of its universality for anyone pursuing ambitious goals in the field of innovation and entrepreneurship. It is an excellent choice for those who dream of creating their own innovative business or seek high positions in the best companies.

The task of the Innovation Management and Entrepreneurship study program is to turn your goals into a reality. You will learn to not only to create innovations that change the market rules but also how to manage innovative businesses in different industries.

Studies that open doors to the world

Ideas that change businesses can be born anywhere, but to come up with something special, you have to get inspired. We want to give you the best opportunities so you could choose between the two-year studies at KTU, joint master’s study program GTIME, and the Erasmus exchange.

The MSc. in Global Technology and Innovation Management & Entrepreneurship (GTIME) is a unique 2-year program offered jointly by internationally distinguished universities with extraordinary competences in the field of Technology and Innovation Management and Entrepreneurship. For the first academic year, you will study at the Hamburg University of Technology (TUHH). For the second year, you will be able to choose from one of the partner universities, based on your specialisation.

Learn more about GTIME Master’s study opportunities at https://www.g-time.org/

Study wherever you like

Under the Erasmus exchange program, students are encouraged to go to any foreign university for a period of one-semester or a maximum of 9-month traineeship in a selected international business.

Description of Study Programme
Location Kaunas
School of Economics and Business
Cycle Second cycle
Field Management
Language Lithuanian
Form Full-time studies - 2 y. (evening-time; cyclic, blended learning)
Degree awarded Master of Business Management
Yearly Price  i Full-time studies - 3989 €
  • Hamburg University of Technology
  • Technical University of Munchen
  • University of Nicosia
  • University of Vaasa
  • Warsaw School of Economics

Entry requirements

Minimum requirements


Score structure

Component Coefficient
First component of the competition score

Average grade (CGPA) of University‘s Bachelor’s degree (min. length – 180 ECTS) and its supplement


Second component of the competition score

Research activities


Third component of the competition score

Motivation letter and online interview



Tuition fee

The tuition fee applied for the academic year 2021-2022 is indicated below.

Foreign nationals with Lithuanian origins and EU citizens
Full-time studies 3989 €
Price per credit 66,48 €
Partial tuition fee waiver can be applied for the study price.


Financial support






Subjects of the study programme by semesters


Innovations – creation, implementation, economic assessment
Business development – development of innovative products, commercialisation of solutions, innovative business models, expansion of markets and strategies, attraction of capital, development of partnerships
Business value management – business evaluation, influence of innovations on the business value, connections, consolidation
Development of the “know-how” of organisations – creative thinking, dissemination of productive knowledge, protection, and commercialisation of ideas, management of intellectual capital.

Encouragement of creativeness Management of innovations Business development Business evaluation and value management




Just like at Berkeley, Stanford or Aalto Universities

The study program has been developed based on and in collaboration with these universities. Advanced learning methods, active teachers who are interested in science and business innovation, and new business management tools are only the beginning. Many of the program graduates go off to create startups or lead teams in developing innovative products or services.

According to the Lithuanian magazine overlooking educational institution rankings, the 2018 and 2019 edition of “Reitingai” ranks this program as among the best master’s degrees in management in Lithuanian universities.

Lecturers from various fields

The University will host researchers, entrepreneurs, and leaders from various different disciplines, who will share with you their expertise and guidance on various topics and situations.

Experience with international projects

All proactive students are invited to join the international research teams, where they will be able to gain the latest knowledge in the field of study and gain invaluable experience with working on international projects.



Bright and broad career prospects

What will you be able to do?

Manage innovation on strategic and operative levels of the organisation.

Recognise, evaluate, and manage an organisation’s intellectual capital.

Solve strategic problems, develop and implement business strategies.

Create and apply value innovations.

Initiate and develop the concepts of technological businesses.

Apply creative thinking tools whilst executing managerial decisions.



MA+ competences

Master+ is a unique model within a chosen MSc programme

The Master+ model offers either to masterpiece in the chosen discipline by choosing the Field Expert track or to strengthen the interdisciplinary skills in addition to the main discipline by choosing the Interdisciplinary Expert track providing a choice of a different competence to compliment the chosen discipline and achieve a competitive advantage in one’s career.

Students of these study programmes can choose between the path of Field Expert and Interdisciplinary Expert. Selection is made in the academic information system. Each path (competence) consists of three subjects (18 credits) allocated as follows: 1 year 1 semester (autumn) – first subject (6 credits), 1 year 2 semester (spring) – second subject (6 credits), 2 year 3 semester – third subject (6 credits). A student, who chooses a path of the Field Expert, deepens knowledge and strengthens skills in the main field of studies. The one, who chooses a path of the Interdisciplinary Expert, acquires knowledge and skills in a different area or field of studies. Competence provides a choice of alternative additional subjects.

  • Field Expert (profound knowledge and skills in the area, required for solution of scientific research tasks);
  • Interdisciplinary Expert:
    (fields of different knowledge and skills are combined for solution of specific tasks);

Acquisition of the competence is certified by the issue of KTU certificate and entry in the appendix to the Master’s diploma. In addition, students can acquire an international certificate (details are provided next to each competence).

Competences are implemented by KTU lecturers – experts in their area – and high level business and public sector organizations; their employees deliver lectures, submit topics for the student’s theses, placement-oriented tasks for the projects, etc.




Edmundas Padvaiskas

Edmundas Padvaiskas

General Director at UAB “Rosteka” (Lietuvos Gazelė 2014)


In order to develop competitive business, it is important to stay dynamic, creative, and not to be afraid to change. The growth and success of our company is conditioned by constant innovations directed to the creation of complex solutions to the client, the top quality, ensuring of environmental and social responsibility. The possibility for the client to offer the highest value arises from brave, proactive specialists who are oriented to changes and the need for whom we feel each and every day.

Artūras Kanapkis

Artūras Kanapkis

Manager at UAB Baltic Synergy, the Developer of “Time Resistance”


The studies in this programme are one of the best decisions of my career. The quality of this study programme is conditioned both by its content and exclusive competency of lecturers. By studying this programme, I had an opportunity to work with the recognised professionals who provided me with valuable recommendations at the start of development of my business. I apply the acquired knowledge each and every day. They are the basis everyone must know before starting to create a business. The studies also opened the possibilities for me to study abroad and communicate with foreign professors here, in Lithuania. Some of the established contacts evolved into the professional cooperation.