Level 3 Diploma in Business Innovation and Entrepreneurship

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Level 3 Diploma in Business Innovation and Entrepreneurship

OfQual.gov.uk qualification number: 603/1051/0 Click to Verify

The Level 3 Diploma in Business Innovation and Entrepreneurship is a comprehensive course that equips students with the skills and knowledge necessary to thrive in the dynamic world of business and entrepreneurship. This diploma covers a wide range of topics, including business planning, marketing strategies, financial management, innovation and creativity, and entrepreneurial mindset. Students will develop practical skills in areas such as opportunity identification, market analysis, problem-solving, and effective communication. The course combines theoretical concepts with real-world application, encouraging students to think critically and develop innovative solutions. Upon completion, students will have a solid foundation to pursue entrepreneurial endeavors, start their own business, or contribute to the growth and innovation of existing businesses.

This 60 credit Qualification has been created to develop and reward business innovators and entrepreneurs of today and the future, and to continue to bring recognition and professionalism to a wide range of sectors.

The rationale of the programme is to provide a career path for learners who wish to develop their care capabilities within any business-related sector. The outcome of the Diploma, which is a recognised UK Qualification, is for learners to develop the skills required by organisations globally.

OfQual Qualification Number: 603/1051/0

Learning Outcomes
? The ability to read and use appropriate literature with a full and critical understanding the ability to think independently and solve problems
? Applying subject knowledge and understanding to address familiar and unfamiliar problems
? Recognising the moral and ethical issues of business practice and research; appreciating the need for ethical standards and professional codes of conduct
? An appreciation of the interdisciplinary nature of business and service provision
? Capacity to give a clear and accurate account of a subject, in a mature way and engage in debate and dialogue both with specialists and non-specialists.
? To develop transferable skills and knowledge that will enable individuals to meet changes in business.
? To motivate individuals to progress to further professional development through future study or as part of their chosen career.


Successful completion of the Level 3 Diploma qualification enables learners direct entry to BA (Hons) Business Studies / BA (Hons) Global Business degree (fee - £5500 for LSIB learners) or you can pursue any other Level 4 Diploma qualification.


This qualification at Level 3 represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to GCE AS/A Levels.

Qualification structure

The Level 3 Diploma in Business and Management qualification consists of 3 mandatory units and 3 optional units for a combined total of 120 credits.

Career path

The Level 3 Diploma in Business Innovation and Entrepreneurship can open up a range of exciting career opportunities for individuals interested in starting their own business ventures or contributing to innovative initiatives within existing organizations. Here's a potential career path for someone with this qualification:

1. Entrepreneurial Start-up: Armed with the knowledge and skills gained from the diploma, you may choose to start your own business venture. This could involve identifying opportunities, developing business plans, securing funding, and launching a new product or service. As an entrepreneur, you will be responsible for managing all aspects of your business, from operations and marketing to finance and strategy.

2. Innovation Manager: Many established companies recognize the importance of innovation to stay competitive in the market. As an innovation manager, you would be responsible for identifying and implementing new ideas, technologies, and processes that can drive growth and improve efficiency within the organization. You will work closely with teams across different departments to foster a culture of innovation and manage innovation projects.

3. Business Development Specialist: In this role, you would be responsible for identifying new business opportunities and developing strategies to expand the company's customer base and revenue streams. This could involve conducting market research, analyzing industry trends, and building relationships with potential clients or partners. Your focus would be on driving growth and increasing the organization's market share.

4. Product Manager: Product managers play a crucial role in developing and managing a company's product portfolio. With a focus on innovation, you would oversee the entire lifecycle of a product, from conceptualization and development to launch and ongoing improvements. You would work closely with cross-functional teams, such as design, engineering, marketing, and sales, to ensure the successful execution of product strategies.

5. Business Consultant: With your expertise in business innovation and entrepreneurship, you could work as a consultant, providing guidance and advice to organizations seeking to improve their innovation capabilities or explore new business opportunities. As a consultant, you would work on various projects, offering strategic insights, conducting market assessments, and helping clients implement innovative solutions.

6. Social Entrepreneur: If you have a passion for making a positive impact on society, you could choose to become a social entrepreneur. In this role, you would identify social or environmental challenges and develop innovative business models or initiatives to address them. Your work would involve creating sustainable solutions that generate both social and financial returns.

7. Project Manager: With your understanding of business innovation, you could pursue a career in project management, overseeing and coordinating various initiatives within organizations. Whether it's implementing innovative processes or managing product development projects, your role would involve planning, organizing, and leading teams to achieve project goals while ensuring efficient resource allocation and timely delivery.

Remember that this is just a sample career path, and the actual opportunities available to you will depend on your interests, skills, and the specific market conditions. It's essential to stay open to new possibilities and adapt your career trajectory based on your personal aspirations and the evolving business landscape.

Key facts about Level 3 Diploma in Business Innovation and Entrepreneurship

Elevate your entrepreneurial journey with the "Level 3 Diploma in Business Innovation and Entrepreneurship." Acquire essential skills in innovation, marketing, finance, and business strategy. This dynamic course empowers you to launch and manage successful ventures, foster creativity, and drive economic growth. Learn from experienced industry professionals, access real-world case studies, and develop a robust business mindset. Unlock doors to startups, innovation roles, or kickstart your own business. Enroll now to harness your potential, drive innovation, and thrive in the competitive business landscape.

Keywords: Level 3 Diploma, Business Innovation, Entrepreneurship, Marketing, Finance, Startups, Innovation, Business Strategy, Economic Growth.

Why this course?

The "Level 3 Diploma in Business Innovation and Entrepreneurship" is essential for aspiring entrepreneurs seeking to succeed in today's competitive business world. This course equips you with vital skills in innovation, marketing, finance, and business strategy, enabling you to launch and manage successful ventures. Gain hands-on experience, learn from industry experts, and access real-world case studies. By enrolling, you'll unlock opportunities for startups, enhance your creativity, and drive economic growth. Prepare to confidently navigate the entrepreneurial landscape and turn your innovative ideas into thriving businesses. Don't miss out—enroll now to kickstart your entrepreneurial journey.

Keywords: Level 3 Diploma, Business Innovation, Entrepreneurship, Marketing, Finance, Startups, Business Strategy, Economic Growth, Innovation.

Who should enrol in Level 3 Diploma in Business Innovation and Entrepreneurship?

The Level 3 Diploma in Business Innovation and Entrepreneurship is designed for individuals who have a passion for business, innovation, and the drive to create and grow their own ventures. This course is ideal for aspiring entrepreneurs, business owners, and individuals who want to develop their entrepreneurial skills and knowledge.

The program focuses on key areas such as business planning, market research, innovation strategies, financial management, and marketing. Students will learn how to identify and evaluate business opportunities, develop effective business plans, and implement innovative strategies to drive growth and success.

The Level 3 Diploma in Business Innovation and Entrepreneurship is suitable for individuals who are interested in starting their own business, expanding an existing business, or working in roles that require innovative thinking and an entrepreneurial mindset. It provides a solid foundation for those looking to pursue careers in entrepreneurship, business development, or management roles in startups or established organizations.

By completing this diploma, students will acquire essential skills such as critical thinking, problem-solving, leadership, and effective communication. They will also gain a comprehensive understanding of the business environment and the principles of successful entrepreneurship.

Embark on the Level 3 Diploma in Business Innovation and Entrepreneurship to unlock your potential as a business innovator and entrepreneur. Develop the skills, knowledge, and mindset needed to succeed in the dynamic world of business and bring your innovative ideas to life.

Entry requirements

● There are no formal requirements for specific prior qualifications or levels of attainment.
● Learner must be 16 years or older at the beginning of the course

International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

Course content

The Level 3 Diploma in Business Innovation and Entrepreneurship qualification requires you to complete 3 mandatory units and any 2 optional units for a combined total of 60 credits.

Mandatory Units
● Innovation for Business (10 credits)
● English for Business Communication (10 credits)
● Thinking Entrepreneurially (10 credits)

Optional Units (Choose any two units)
● Entrepreneurship and Entrepreneurial Business Planning (15 credits)
● Entrepreneurial Marketing (15 credits)
● Entrepreneurial Finance and Accounting (15 credits)


The assessment is done via submission of assignment. There are no written exams.

Course duration

The programme is available in two duration modes:

6 Months
9 Months

Course fee

6 Months - GBP £1250
9 Months - GBP £950 * This programme does not have any additional costs.
* The fee is payable in monthly, quarterly, half yearly instalments.
** You can avail 5% discount if you pay the full fee upfront in 1 instalment

Fee payment plans

6 Months - GBP £1250

● Payment option (a): GBP £416 x 3 monthly instalments
● Payment option (b): GBP £1187.50 x 1 instalment (We offer 5% bursary on total fee for students opting to pay in full)

9 Months - GBP £950

● Payment option (c): GBP £190 x 5 monthly instalments
● Payment option (d): GBP £475 x 2 quarterly instalments
● Payment option (e): GBP £902.50 x 1 instalment (We offer 5% bursary on total fee for students opting to pay in full)

Our course fee is upto 40% cheaper than most universities and colleges.

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