As your first year draws to a close, you'll take an important professional step and declare a concentration in at least one of our principal fields of business. The corporate innovation and venture concentration will teach you how to develop new businesses, products, services, or processes inside of an existing organization, creating value and generating new revenue growth through entrepreneurial thought and action. <br><br>This concentration in corporate innovation and venture will launch your career as an agent of change. You'll reinvigorate established companies, aspiring to leading roles in areas such as product development, new business research, and innovation-related projects. This concentration will prepare you for co-op aspirations that involve positions in entry-level product line management, project management, consulting, and new product and service development within corporations.<br>Corporate innovation is a series of processes by which established companies promote, design, and pursue innovation opportunities that can result in new products, services, and/or business models. It entails R&D activities, product development, internal venture accelerators, acquisitions, and alliances. Innovation is the most powerful competitive weapon for a corporation that wants to ensure growth and relevance over time.<br><br>The corporate innovation concentration is designed to prepare students to develop new businesses, products, services, or processes inside of an existing organization to create value and generate new revenue growth through entrepreneurial thought and action. A concentration in corporate innovation seeks to develop students to be agents of change and renewal within established companies, aspiring to leading roles in areas such as product development, new business research, and innovation-related projects. This concentration targets students with co-op aspirations that involve positions within corporations such as entry-level product line management, project management, consulting, and new product and service development.