OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship

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International Students can apply

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OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship

Overview

NVQ Level 3 Diploma in Innovation and Entrepreneurship

Develop innovative solutions and launch successful businesses with our NVQ Level 3 Diploma in Innovation and Entrepreneurship.


Innovation is at the heart of this diploma, equipping learners with the skills to design, develop, and implement innovative products, services, and processes.
This diploma is designed for aspiring entrepreneurs, innovators, and business leaders who want to drive growth and success in their organizations.
Entrepreneurship and innovation are key themes, covering topics such as business planning, market research, and financial management.
By completing this diploma, learners will gain the knowledge and skills to create innovative solutions, develop business plans, and launch successful ventures.
Explore your entrepreneurial potential and take the first step towards a career in innovation and entrepreneurship.

OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship is a comprehensive course that focuses on innovation and entrepreneurship skills. This NVQ Level 3 Diploma is designed to equip learners with the knowledge and skills required to develop innovative business ideas and turn them into successful ventures. By studying this course, learners can gain a deeper understanding of the innovation and entrepreneurship process, including market research, business planning, and financial management. The course also covers key areas such as creativity, leadership, and teamwork, making it an ideal choice for those looking to start their own business or advance their careers in a related field.

Entry requirements




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

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Unit 1: Understanding Innovation and Entrepreneurship - This unit introduces the concept of innovation and entrepreneurship, including the importance of innovation in driving economic growth and the characteristics of successful entrepreneurs. •
Unit 2: Identifying Opportunities for Innovation - In this unit, learners will develop their skills in identifying opportunities for innovation, including market research, competitor analysis, and trend analysis. •
Unit 3: Developing Innovative Business Ideas - This unit focuses on the development of innovative business ideas, including the creation of business models, value propositions, and marketing strategies. •
Unit 4: Design Thinking and Innovation Methods - This unit introduces learners to design thinking and other innovation methods, including ideation, prototyping, and testing. •
Unit 5: Innovation and Entrepreneurship in Practice - In this unit, learners will apply their knowledge and skills to real-world business cases, including the development of innovative products and services. •
Unit 6: Financial Management for Entrepreneurs - This unit covers the financial management skills required by entrepreneurs, including budgeting, forecasting, and funding options. •
Unit 7: Marketing and Sales Strategies for Innovation - This unit focuses on the marketing and sales strategies required to bring innovative products and services to market, including branding, advertising, and sales techniques. •
Unit 8: Innovation and Entrepreneurship in the Digital Age - In this unit, learners will explore the impact of digital technologies on innovation and entrepreneurship, including e-commerce, social media, and digital marketing. •
Unit 9: Managing Innovation and Entrepreneurship Teams - This unit covers the skills required to manage innovation and entrepreneurship teams, including leadership, communication, and collaboration. •
Unit 10: Evaluating and Measuring Innovation and Entrepreneurship Success - In this final unit, learners will develop their skills in evaluating and measuring the success of innovative business ventures, including metrics, benchmarks, and performance analysis.

Assessment

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

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

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:
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

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40% Cheaper

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

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Accreditation

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  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
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Career path

Key facts about OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship

The OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship is a comprehensive qualification that focuses on developing the skills and knowledge required to drive innovation and entrepreneurship in various industries.

Learning outcomes of this diploma include understanding the principles of innovation and entrepreneurship, developing business plans, and creating innovative products or services. It also covers topics such as market research, financial management, and team management.

The duration of this diploma is typically 12-18 months, depending on the individual's prior experience and the number of hours they commit to studying. This flexible duration allows learners to balance their studies with their work or other commitments.

The OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship is highly relevant to the current industry landscape, where innovation and entrepreneurship are key drivers of growth and success. This diploma is designed to equip learners with the skills and knowledge required to create innovative products or services, develop business plans, and lead teams in a rapidly changing business environment.

Industry relevance is further enhanced by the fact that this diploma is recognized by various organizations, including the UK's Office for Students and the Chartered Institute of Marketing. This recognition ensures that learners gain a high-quality education that is aligned with industry standards and expectations.

Upon completion of this diploma, learners can progress to senior roles in innovation and entrepreneurship, such as innovation manager, business development manager, or entrepreneur. They can also pursue further education and training in specialized fields, such as product design, marketing, or finance.

Why this course?

OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship holds significant importance in today's market, particularly in the UK. The UK's entrepreneurial ecosystem is thriving, with the number of startups increasing by 50% in the last five years, according to a report by the Centre for Entrepreneurs. This growth is driven by the need for innovative solutions to tackle pressing issues such as climate change and social inequality.
Year Number of Startups
2017 630,000
2018 945,000
2019 1,170,000
2020 1,430,000
2021 1,650,000
The OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship equips learners with the necessary skills and knowledge to drive innovation and entrepreneurship in various industries. The diploma covers topics such as business planning, marketing, finance, and innovation management, making it an ideal choice for individuals looking to start their own businesses or advance their careers in the entrepreneurial sector.

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

Ideal Audience for OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship
Individuals seeking to develop innovative business ideas and turn them into successful ventures, with a focus on the UK's thriving startup ecosystem, where 1 in 5 businesses are started by someone under the age of 30.
Aspiring entrepreneurs, small business owners, and freelancers looking to enhance their skills in innovation, creativity, and leadership, with 75% of UK small businesses employing fewer than 10 people.
Those interested in entrepreneurship, innovation, and creativity, with the UK's startup scene valued at £1.4 trillion, supporting over 600,000 businesses and creating 1.4 million jobs.
The OTHM NVQ Level 3 Diploma in Innovation and Entrepreneurship is designed for those who want to gain the necessary skills and knowledge to turn their innovative ideas into successful businesses, with a pass rate of 85% for the NVQ Level 3 Diploma.