Master of Management of Innovation

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1 Master of Management of Innovation

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3 Director s Message Innovation is becoming a bigger and bigger part of the economic engine. The management of the innovation process and the selling of the products of that process are increasingly important for many firms, organizations and government bodies. Hence the development of this innovative master degree program at the University of Toronto. The program brings together many of the strengths of the Department of Management as well as other disciplines. The program is very selective in its intake and caters to the needs that many industry leaders have communicated to us. Graduates of MMI are well situated to take part in many and varied opportunities that have been and are arising in the innovation process. We expect our future graduates to take leadership roles in this exciting area as many alumni have already done so. Associate Professor of Strategic Management & MMI Director, Alberto Galasso

4 Overview

5 About The Program The Master of Management of Innovation (MMI) Program is offered by the Institute for Management & Innovation (IMI), University of Toronto Mississauga and affiliated with the Institute of Health Policy, Management and Evaluation. Students successfully completing the 12 month program graduate with a MMI degree from the University of Toronto. Designed for people with a background in science and technology, the Master of Management of Innovation was developed in consultation with leaders and future employers in industry, government and research. This accelerated twelve month professional degree is for individuals pursuing management careers in technology-focused organizations. Career opportunities for graduates include: R&D/innovation management within universities, research institutes and corporations Innovation management: sales and marketing Government relations within industry Public policy Industry analyst Governance for technology policy development Public or industry administration where focus is on science or technology divisions Consulting Hospital or health care administration Pharmaceutical or biotech careers Who should apply? Students graduating in any one of many disciplines: science, health sciences, engineering, information technology or any technical or science driven academic background.

6 MMI provided me with the necessary management principles required to be an attractive candidate for a leadership position in the job market. Case studies, group projects and a top industry placement were outlets for me to apply what I was learning from faculty and my peers. Michael Masson, MMI 2008, Analyst, Risk Management and Corporate Compliance, BMO Financial

7 Our Program At Its Core The program has a twelve month structure consisting of an intensive eight month, academic core course requirement, focused on management, economics and a choice of four electives. The core of the program focuses on the following areas: MMI 1010H Prices and Markets MMI 1020H Introduction to Big Data Analysis MMI 1060H Finance MMI 1050H Accounting & Negotiations MMI 1030H Marketing Science MMI 1070H Economics of Business Strategy MMI 1080H Management of Technology MMI 1090H Technology, Strategy and Policy MMI 1100H Group Project (Student Driven) The curriculum provides a strong foundation in economic analysis, technology management, business strategy, finance, accounting and marketing, and policy. The program provides knowledge, skills and strategic perspectives required for leaders, and senior managers responsible for managing the innovation process. This is done through small classes and research seminars that support interactive learning and maximum student-faculty dialogue. Students are given the option to take their electives from a wide array of courses, across many disciplines at the University of Toronto including management or health care. With each elective approved in advance by the program, students let their individual interests guide their personal elective selection. As a capstone course, the final Group Project is worked on from May - August. The focus of the project is to create a solution for a real problem faced by an organization today. Utilizing skills and knowledge gained over the course of study in the MMI program, the Group Project provides students the opportunity to hone their ability to transfer learning to the corporate environment. The capstone course portion of the program is similar to an internship. Students are responsible for making contact with organizations, getting their Group Project approved by the program and completing all that is necessary in providing a superior business solution.

8 Some companies we have worked with: HATCH Ltd. AMGEN Bayer Inc. Centre for Innovation in Complex Associated Engineering Ministry of Health and Long-Term Care Care (CICC) Toronto General Hospital GlaxoSmithKline Inc. IBM HATCH Scholarships Thanks to a generous donation by HATCH Ltd we are able to award 2 scholarships to selected engineering students entering the MMI program. Team Building To enhance and encourage the group experience, and group thought process, students must participate in a program organized, wilderness retreat, prior to the start of the school year. The retreat focuses on strengthening and building teamwork and leadership skills. The MMI program puts students into teams that allow learners to replicate a typical business working environment. Throughout the program, students work in teams applying skills learned at the retreat and work toward continuously improving team dynamics during the entire program. Career and Networking The MMI Program is committed to providing its students with an educational experience that encompasses both academic and professional growth. To this end, participants are provided with a variety of networking and career development opportunities during their time in the program. Maintaining a strong focus on career development and skill enhancement, MMI designed a Professional Development Series customized especially for MMI students. These interactive sessions are led by experienced professionals with many years of experience in their respective fields. Students can network with alumni and industry representatives, enhance their presentation skills, increase their understanding of the labour market, hone critical technical skills and receive individualized coaching to help achieve their career goals. Upon completion of the series, students find that they are better able to identify their strengths, market their skills to potential group internship project sites and transition smoothly into the workforce.

9 Being a graduate student in the MMI program has been a once in a lifetime experience. Now that I am approaching graduation and all my expectations have been met, I am sure that applying for this program was the best decision I could have ever made. Daniel Leon, MMI 2011 Planning and Development Engineer, Social Security Agency

10 Sample Electives

11 MMI Electives Students are encouraged to select electives that allow them to focus on their individual areas of interest. For this reason the MMI program does not impose a set selection of electives for students to choose from. Students are free to choose from all graduate courses across all disciplines at the University of Toronto. All selections are subject to approval in advance by the Program Director and the Chair of the host department. Some Sample Electives HAD 5010H Canada s Health System and Health Policy HAD 5741H Health Law HAD 5768H International Health HAD 5735H Commercialization of Health Research IRE 1610H Industrial Relations POL 2307H Political Economy of Technology: From the Auto-Industrial to the Information Age APS 1001H Project Management JPG 1407H Efficient Use of Energy JEI 1901H Technology, Society and the Environment CHL 5411H International Health PLA 1503H Planning and Social Policy ENV 1001H Environmental Decision Making MIE 5561H Decision Analysis The program provides knowledge, skills and strategic perspectives required for leaders, and senior managers responsible for managing the innovation process.

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13 Campus At A Glance

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15 U of T Mississauga Campus Map 01. Recreation, Athletics & Wellness Centre 02. William G. Davis Building 03. Kaneff Centre, Blackwood Gallery, and Innovation Complex 04. Student Centre 05. Communication, Culture & Technology Building 06. Hazel McCallion Academic Learning Centre & Library 07. Erindale Hall 08. North Building 09. Erindale Studio Theatre 10. Schreiberwood Residence 11. Roy Ivor Hall 12. Oscar Peterson Hall & Colman Commons Dining Hall 13. McLuhan Court Residence 14. Putnam Place Residence 15. Leacock Lane Residence 16. MaGrath Valley Residence 17. Alumni House & Parking Office 18. Deerfield Hall 19. Central Utilities Plant 20. Forensic Anthropology Field School 21. Paleomagnetism Lab 22. Lislehurst 23. UTM Child Care Centre 24. Terrence Donelly Health Sciences Complex 25. Instructional Centre 26. Academic Annex 27. Grounds Building SS Shuttle stop Underground metered parking P Parking MR Metered parking-restricted times M Metered parking Mississauga Transit Stop A great education requires student support services that help you focus. University of Toronto Mississauga is committed to furthering student success by providing exceptional services and resources.

16 Useful Links

17 MMI Website School of Graduate Studies Institute for Management and Innovation Institute of Health Policy, Management & Evaluation University of Toronto Mississauga OSAP University of Toronto Mississauga Shuttle Schedules Mississauga Campus Maps Mississauga Transit U-Pass Graduate Student Housing RIC Centre MaRS

18 The MMI program allowed me to build a comprehensive skill set in business and innovation management to complement my scientific background. It also refined my understanding of the role of Research & Development in the success of a company. My experience in the program has opened the door to a dream job, allowing me to reach my full potential in an exciting career. Elena Grouios, MMI 2010 Associate Scientist, Kraft Canada

19 Above providing me with the competitive edge pivotal to my medical school acceptance, MMI has given me the tools, experiences, and contacts necessary to ensure success as a physician manager. From clinical practice management to hospital administration, the opportunities are endless. Anthony DiFonzo, MMI 2009, Medical Student, Faculty of Medicine, University of Toronto

20 How To Apply

21 Application Requirements The Master of Management of Innovation Program accepts applications every year beginning November 15th and closing February 15th. We encourage you to apply early, as applications are reviewed on a rolling basis. Applications are done online through the School of Graduate Studies at U of T: You will find MMI listed under the University of Toronto Mississauga, Institute for Management and Innovation (IMI). Please be prepared to provide the following: 1. The School of Graduate Studies charges an application fee at time of application. Your application will not be forwarded to us until paid and all documents have been submitted. 2. The School of Graduate Studies must receive payment for your application by February 15th and all application materials by February 28th, before the MMI Academic Review committee will review your submission and invite selected applicants for panel interviews. 3. If accepted you will be required to pay a $1500 nonrefundable deposit to secure your place in the Program. 4. A one page single spaced application letter outlining why you are interested in MMI and why you think the program is a good fit with your future career goals. 5. Resume/CV. 6. Two academic letters of reference. There is no set form for the letters of reference. 7. Applicants must have at least a B+, U of T equivalent average, in order to be considered for the MMI program. 8. Official transcripts (from each post-secondary institution that you have attended) mailed directly to the program. 9. TOEFL & GMAT/GRE scores are only required if your undergraduate degree is not from North America. We thank you for your interest in the Masters of Management of Innovation program and look forward to reviewing your application materials.

22 Core Faculty

23 Alberto Galasso B.A., M.A. Ph.D. (LSE) Director, MMI Program Tanjim Hossain B.A., B.S., M.A. Ph.D. (Princeton) Mihkel M. Tombak B.A.Sc., M.A., M.B.A. Ph.D. (Wharton, UPen) HATCH Chair in Technology Management & Strategy Nicola Lacetera B.A. Ph.D. (M.I.T.) Gábor Virág B.A., M.A. Ph.D. (Princeton) Manfred S. Schneider B.Com., CA, CFP, M.B.A., J.D. (U of T) Sonia Kang B.Sc. (Hons), M.A. Ph.D. (U of T) Matthew Osborne B.A. Ph.D. (Stanford)

24 Master of Management of Innovation Institute for Management & Innovation, University of Toronto Mississauga 3359 Mississauga Road, Innovation Complex, Mississauga, Ontario L5L 1C6 Canada Tel: , Web: