Level 3 Diploma in Innovation and Entrepreneurship

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Level 3 Diploma in Innovation and Entrepreneurship

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

The Level 3 Diploma in Innovation and Entrepreneurship is a comprehensive program designed to introduce individuals to the fundamental principles and practices of innovation and entrepreneurship. This course covers key topics such as idea generation, business planning, marketing strategies, financial management, and risk assessment. Participants will develop a foundational understanding of the entrepreneurial mindset, creativity, problem-solving, and the processes involved in starting and managing a business. The diploma combines theoretical knowledge with practical exercises and real-world case studies, providing individuals with the skills and confidence to pursue entrepreneurial opportunities or contribute to innovative projects within existing organizations. This qualification is ideal for aspiring entrepreneurs or individuals interested in fostering innovation and entrepreneurial thinking.

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 Innovation and Entrepreneurship can open up various career paths that require a strong foundation in innovation and entrepreneurship. Here's a potential career path for someone with this qualification:

1. Entrepreneurial Start-up Support: With your knowledge and skills in innovation and entrepreneurship, you could work in a support role for entrepreneurs and start-ups. This could involve providing guidance on business planning, market research, funding options, and marketing strategies. You could work in business incubators, accelerators, or entrepreneurship support organizations, helping aspiring entrepreneurs navigate the challenges of starting and growing their businesses.

2. Small Business Manager: With your understanding of entrepreneurship principles, you could work as a manager or owner of a small business. This could involve starting your own venture or taking a managerial role in an existing small business. You would handle various aspects such as business planning, marketing, financial management, and customer relations to drive the success and growth of the business.

3. Innovation Specialist: With your knowledge of innovation processes and techniques, you could work as an innovation specialist within organizations. You would focus on fostering innovation, identifying opportunities for improvement, and implementing creative solutions to drive organizational growth and competitiveness. Your role may involve facilitating brainstorming sessions, conducting market research, and collaborating with cross-functional teams to develop and implement innovative ideas.

4. Business Development Associate: With your understanding of entrepreneurship and innovation, you could work in business development roles within companies. You would be responsible for identifying new business opportunities, conducting market analysis, developing growth strategies, and establishing strategic partnerships. Your goal would be to drive business expansion, enter new markets, and increase revenue.

5. Marketing and Sales Executive: With your knowledge of entrepreneurship and innovation, you could work in marketing and sales roles. You would focus on developing innovative marketing strategies, identifying target markets, and promoting products or services to customers. Your role would involve market research, branding, product positioning, and developing effective sales techniques to drive business growth.

6. Social Entrepreneur: With your understanding of entrepreneurship and innovation, you could pursue a career as a social entrepreneur. In this role, you would focus on creating businesses or initiatives that address social or environmental challenges. You would identify social issues, develop innovative solutions, and build sustainable models that create positive impact while generating revenue.

7. Freelance Consultant: With your knowledge and skills in innovation and entrepreneurship, you could work as a freelance consultant. You could offer your expertise to entrepreneurs, small businesses, or organizations seeking advice on innovation, business development, marketing strategies, or start-up support. As a consultant, you would provide customized solutions, strategic recommendations, and practical guidance to help clients achieve their business goals.

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 important to stay updated with industry trends, continue learning, and pursue certifications or advanced degrees to further advance in your chosen career path.

Key facts about Level 3 Diploma in Innovation and Entrepreneurship

"Level 3 Diploma in Innovation and Entrepreneurship: Ignite your potential in business innovation. Accredited program covering essential topics: creative thinking, startup strategies, market analysis, and more. Cultivate skills to drive entrepreneurial success. Expert instructors, hands-on experience, and recognized certification. Unleash your innovative spirit and thrive in the dynamic business world. Enroll now to embark on a journey of entrepreneurial excellence and creative growth!"

Why this course?

"The Significance of Level 3 Diploma in Innovation and Entrepreneurship: Fuel Your Business Vision. In today's ever-evolving market, innovation drives success. Gain crucial skills in creative thinking, market analysis, and startup strategies. This accredited course offers expert guidance, hands-on learning, and industry-recognized certification. Harness your entrepreneurial spirit and navigate the competitive landscape with confidence. Cultivate innovation, seize opportunities, and lead in business. Enroll now to propel your entrepreneurial journey and shape a thriving future."

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

The Level 3 Diploma in Innovation and Entrepreneurship is designed for individuals who have a passion for creativity, innovation, and the drive to start their own business ventures. This course is ideal for aspiring entrepreneurs who want to develop the knowledge, skills, and mindset necessary to succeed in the world of business.

The program covers a wide range of topics, including business planning, market research, product development, financial management, marketing strategies, and entrepreneurial leadership. Students will learn how to identify opportunities, create innovative business models, and develop sustainable competitive advantages.

The Level 3 Diploma in Innovation and Entrepreneurship is suitable for individuals who want to explore their entrepreneurial potential, start their own business, or contribute innovative ideas within existing organizations. It is also beneficial for individuals who want to enhance their creative and problem-solving skills, as well as their ability to identify and capitalize on business opportunities.

By completing this diploma, students will gain a solid foundation in entrepreneurship, develop essential business skills, and acquire the knowledge needed to navigate the challenges and complexities of the business world. They will also learn how to think critically, adapt to change, and cultivate an entrepreneurial mindset.

Enroll in the Level 3 Diploma in Innovation and Entrepreneurship to unleash your entrepreneurial spirit, acquire valuable business skills, and embark on a rewarding journey towards building your own successful ventures or making an impact in existing organizations.

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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