Master’s in Entrepreneurship in Canada: A Complete Guide

Entrepreneurship plays a crucial role in driving innovation and economic growth. A Master’s in Entrepreneurship in Canada provides students with the essential skills to develop, manage, and scale businesses successfully. 

With Canada's startup-friendly ecosystem, government support, and renowned universities, students gain access to mentorship, networking opportunities, and venture capital funding.

This blog will cover top universities, eligibility, admission process, costs, scholarships, job opportunities, and more, helping you navigate your journey toward a career in entrepreneurship.

Master’s in Entrepreneurship in Canada - Overview

A Master’s in Entrepreneurship in Canada is a one to two-year program designed for aspiring business leaders, startup founders, and innovators. 

It offers a blend of theoretical knowledge and practical application, with many programs incorporating business incubators, venture capital exposure, and real-world startup challenges.

Graduates can pursue careers as entrepreneurs, business consultants, venture capital analysts, and product managers. 

With Canada’s booming startup scene and favorable immigration policies, this degree is an excellent choice for international students looking to build businesses or work in high-growth industries.

Why Study Master’s in Entrepreneurship in Canada?

1. World-Class Education – Canadian universities are globally recognized for strong business programs and cutting-edge entrepreneurship research.
2. Thriving Startup Ecosystem – Cities like Toronto, Vancouver, and Montreal are home to major tech startups and incubators.
3. Government Support – Programs like the Canada Start-Up Visa, Small Business Grants, and Venture Capital Funds create opportunities for entrepreneurs.
4. Networking & Mentorship – Students connect with renowned entrepreneurs, angel investors, and business leaders through university incubators.
5. Post-Graduation Work Opportunities – Canada offers Post-Graduation Work Permits (PGWP) and immigration pathways for international students.

Eligibility Criteria for Master’s in Entrepreneurship in Canada

Eligibility requirements vary by university, but the general criteria include academic qualifications, English proficiency, and other application essentials.

To learn more about specific eligibility requirements for Indian students applying for an MBA in Canada, including visa and other country-specific details, you can check out our comprehensive guide on Eligibility for MBA in Canada for Indian Students. This resource will help you navigate additional requirements and provide tips for a successful application.

Admission Process for Master’s in Entrepreneurship in Canada

The admission process involves several key steps:

1. Research & Shortlist Universities

Compare universities based on course structure, tuition fees, faculty, incubators, and career prospects before finalizing your list.

2. Prepare Required Documents

Gather all necessary documents, including academic transcripts, English test scores, SOP, LORs, resume, and GMAT/GRE scores (if applicable).

3. Submit Applications

Most applications are submitted through university portals. Some universities charge an application fee (CAD 100 - 200 / INR 8,500 - 17,000).

4. Attend Interviews (If Required)

Some universities conduct virtual or in-person interviews to assess candidates' entrepreneurial mindset and business acumen.

5. Receive Offer Letter & Apply for Study Permit

Once accepted, you need to secure a study permit (student visa) and arrange tuition payments.

Application Deadlines & Intakes

Most universities in Canada have two main intakes for Master’s programs:

• Fall Intake (September) – Application Deadline: December - March
• Winter Intake (January) – Application Deadline: July - October

Some universities may also have a Summer (May) intake, but it is less common for entrepreneurship programs.

Top Universities for Master’s in Entrepreneurship in Canada (h2

Canada is home to several prestigious universities offering specialized entrepreneurship programs, often in collaboration with startup incubators, venture capital firms, and industry leaders.

Top Universities for Master’s in Entrepreneurship in Canada

Note: The fees mentioned in the table are approximate and may vary as per the currency exchange rates.

These universities offer cutting-edge entrepreneurship programs, mentorship opportunities, funding support, and practical experience through startup incubators and accelerators. 

Studying in one of these institutions can provide a strong foundation for launching  a successful venture in Canada or globally.

Course Curriculum of Master’s in Entrepreneurship in Canada

The curriculum of a Master’s in Entrepreneurship in Canada is designed to equip students with the skills and knowledge required to launch, manage, and scale businesses successfully. 

It combines practical learning, case studies, and real-world business challenges to help students develop an entrepreneurial mindset.

Most programs follow a flexible curriculum consisting of core courses, electives, experiential learning projects, and startup incubation opportunities. 

Some universities also offer accelerators and mentorship programs to help students turn business ideas into viable ventures.

Course Structure

The program is typically 12-24 months long, depending on whether students opt for full-time or part-time study. The structure includes:

1. Core Courses – Foundational subjects in entrepreneurship, finance, and business management.
2. Elective Courses – Specialized areas of entrepreneurship tailored to student interests.
3. Capstone Project/Business Plan Development – Students develop and pitch a startup business plan.
4. Internship/Incubator Support – Hands-on experience through startup accelerators, venture labs, or internships.

Core Subjects in Master’s in Entrepreneurship

Core courses focus on fundamental business and entrepreneurial principles, ensuring students develop strong leadership, strategic thinking, and financial planning skills.

Electives in Master’s in Entrepreneurship

Students can customize their learning experience by choosing elective courses that align with their career goals and business interests.

Entrepreneurship Specializations in Canada

Students pursuing a Master’s in Entrepreneurship in Canada can choose specializations based on their interests and career goals. 

Specializations help students develop expertise in specific entrepreneurship domains, from tech startups to social enterprises and corporate innovation.

Many universities offer customized learning tracks in partnership with industry leaders, startup incubators, and venture capital firms to help students specialize in areas with high market demand.

Popular Entrepreneurship Specializations

Scholarships and Financial Aid for Master’s in Entrepreneurship in Canada

International students can apply for various scholarships to help cover tuition and living expenses.

Here is a list of scholarships: 

For more detailed information on the eligibility criteria, selection process, and additional scholarship opportunities for MBA students in Canada, be sure to check out our comprehensive guide on Scholarships for MBA in Canada – Eligibility & Selection. 

Cost of Studying Master’s in Entrepreneurship in Canada

Pursuing a Master’s in Entrepreneurship in Canada involves significant financial investment, including tuition fees, living expenses, and additional costs like health insurance, textbooks, and extracurricular activities. 

While tuition fees vary based on the university and program, students should also budget for housing, food, and daily expenses.

Tuition Fees in Canada for Master’s in Entrepreneurship

Tuition fees for Master’s in Entrepreneurship programs vary based on the university, program structure, and duration. The estimated cost per year is:

• Public Universities: CAD 40,000 - 55,000 (INR 24L - 33L) per year
• Private Universities & Business Schools: CAD 55,000 - 70,000 (INR 33L - 42L) per year
• Part-Time & Online Programs: CAD 20,000 - 35,000 (INR 12L - 21L) per year

Some universities may charge additional fees for international students, covering student services, technology access, and extracurricular activities.

Cost of Living in Canada for International Students

Living expenses depend on the city, accommodation type, and personal lifestyle choices. The table below provides a breakdown of estimated yearly costs:

Note: The amount mentioned in the table are approximate and may vary as per the currency exchange rates.

To gain a more detailed breakdown of the tuition fees, living expenses, and other costs involved in pursuing an MBA in Canada, along with insights into the best universities for your MBA, you can explore our dedicated guide on Cost of MBA in Canada: Top Universities, Fees & Cost of Living. 

Job Opportunities & Salary After Master’s in Entrepreneurship in Canada

A Master’s in Entrepreneurship opens doors to multiple career paths, including starting a business, joining a startup, venture capital, business consulting, and innovation management. Graduates can also work in corporate innovation roles, helping established companies launch new products and services.

Canada’s thriving startup ecosystem, government support for entrepreneurs, and strong investment landscape make it an excellent destination for aspiring business leaders.

Career Paths After Master’s in Entrepreneurship

Graduates can explore various roles depending on their interest, experience, and risk appetite. Some may launch their own startups, while others prefer stable roles in venture capital, product development, or corporate innovation.

Sourced from: Indeed

Note: The amount mentioned in the table are approximate and may vary as per the currency exchange rates.

Top Industries for Entrepreneurship Graduates in Canada

1. Technology & AI Startups: Toronto and Vancouver are leading AI and SaaS startup hubs.
2. Fintech & Blockchain: Emerging digital banking and cryptocurrency sectors are growing rapidly.
3. E-commerce & Retail: Shopify, founded in Canada, has inspired a surge in online businesses.
4. Healthcare & Biotech: Montreal and Toronto have major health-tech startup ecosystems.
5. Sustainability & Green Tech: Canada is a leader in renewable energy and eco-friendly innovations.