Certificate Program in

Innovation & Entrepreneurship for Development

Become a leader in innovation and development by fostering your entrepreneurial abilities with Boğaziçi University in partnership with the Islamic Development Bank

Application Deadline: December 05, 2016

75% Scholarship Available


The Innovation & Entrepreneurship for Development Program offered online in English will equip you with all the skills and knowledge you need in innovation economics, policymaking, marketing, technology road mapping, finance and accounting whether you work at a start-up or a large organization.

Learn How to Make a Difference

By blending theory, methods and real-world practices offered by the renowned faculty of Boğaziçi University, learn how to make a difference in your field.

Stand Out with Your Business Plan

The best 10 business plans evaluated by a panel of experts will receive a special recognition award from the Islamic Development Bank.

Gain a Scholarship

Get the opportunity to gain a % 75 scholarship from Islamic Development Bank.

Earn an Internationally Recognized Certificate

Upon successful completion of the course modules and assignments, earn your internationally recognized Certificate of Achievement by Boğaziçi University.

Study Smart

With the fully online program, study at your own pace and adapt your schedule without leaving your current job.

Join the Online Networking Community

Be an exclusive member of an online networking community of innovation practitioners/ academics/ students to have continuous dialogue on the modes and strategies of innovation driven development agenda.


Innovation and entrepreneurship are recognized as crucial driver of economic growth, productivity and employment. Successful developing countries had built up their innovation capacities, which intensified their economic growth. Many developing countries are seeking support from development organizations to develop innovation strategies and policies that will strengthen their competitiveness, improve economic diversification, and stimulate growth.

You have a brilliant business idea but have little or no knowledge of how to develop your business plan?

With this program you will not only be able to develop your business plan focusing on a development challenge of the country or the community you belong to, but also get insights on innovation economics, regulatory framework for innovation with a special case of Turkey.

You want to contribute to the economic growth of your company but need an innovation strategy?

You will learn the tools and methods in designing and implementing innovative strategic policies within your organization or company.

You think that entrepreneurs are born?

New research backs the theory that entrepreneurs are made, not born. This means that it is a skill that it really can be learnt. This program will help you understand various aspects of innovative thought leadership.

You know how important it is to be innovative in your business but have no time attending a program?

This is a fully online program which will enable you to become flexible with your schedule. Therefore, you will not have to sacrifice your work life to be able to attend classes.


Candidates need to have minimum Bachelors degree in any field to apply.
In addition, candidates with the following criteria will be preferred for IDB fellowship

-Being a citizen of the IDB Member Countries

-Preferably having minimum 5 years of working experience in the following fields/organizations:
Public Pension Funds, Investment Boards, Ministry of Investments, Central Banks,
Sovereign Wealth Funds and Ministries in the IDB Member Countries

-Startup Founders and Corporate Innovators are also welcome to apply.

Step 1

October 20, 2016

Prospective students’ application start

Step 2

December 05, 2016

Application deadline for IDB scholarship

Step 3

January 05, 2016

Registration and payment deadline for all applications

Step 4

January 16, 2017

Program starts

The overall duration of the program is 6 months. It is delivered in two phases with 5 modules in total.


Phase 1: 4 Modules in Innovation and Entrepreneurship

Module 1 Creating Innovative Environment

  • IEP 101 Innovative Business Environment
  • IEP 102 Regulatory Environment for Innovation

Module 3 Leading Innovation

  • IEP 301 Financial Innovation
  • IEP 302 Innovative Leadership

Module 2 Managing Innovation

  • IEP 201 Marketing with Innovative Insights
  • IEP 202 Innovation Economics

Module 4 Improving and Sustaining Innovation

  • IEP 401 Innovative Entrepreneurship
  • IEP 402 Innovative Processes in Business

Phase 2: Business Plans and Seminars

Module 5 Improving and Sustaining Innovation

  • IEP 500 Business Plan
  • IEP 303 Innovative Through IT
  • IEP 400 Special Topics in Innovation

Participants are required to write a business plan focusing on a development challenge of the participant’s respective country or community. The 10 Best business plan evaluated by a panel will receive special certificate from the IDB.

Boğaziçi University Academic Staff

ARZU TEKTAŞ, Professor

BU Department of International Trade


BU Department of Economics


BU Department of International Trade


BU Department of Management

ALİ COŞKUN, Assistant Professor

BU Department of Management


BU Department of International Trade

OĞUZHAN AYGÖREN, Assistant Professor

BU Department of International Trade


BU Department of Management


  • Total cost of the program is USD2000 /participant
  • Islamic Development Bank (IDB), as an incentive to promote innovation in the Member Countries, will contribute 75% (USD 1500) of the program fee for 30 outstanding applicants.
  • Participants need to contribute the remaining 25% (USD500 only).


Bogazici University, Bebek, Istanbul, Turkey

Phone: +90 212 359 4778 E-mail: innovation@boun.edu.tr



Boğaziçi University

Boğaziçi University

Boğaziçi University is a public university located in Istanbul, Turkey. Founded in 1863, it is the first American higher education institution founded outside the United States, having strong ties to the American educational system through Robert College. Boğaziçi University is the most sought after university for students in Turkey and the region, with world-class faculty, top-notch laboratories and facilities, and a breathtaking campus. The university ranked 139 worldwide (2014-15) by Times Higher Education, UK.


Islamic Development Bank

Islamic Development Bank

The Islamic Development Bank is a multilateral development financing institution located in Jeddah, Saudi Arabia. It was founded in 1973 by the Finance Ministers at the first Organization of the Islamic Cooperation (OIC). The purpose of the Bank is to foster the economic development and social progress of its 56 member countries and Muslim communities in non-Muslim countries in accordance with the principles of Shari’ah i.e., Islamic Law.