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Innovations mostly end up as a small businesses. Although starting up a small business might look or sound like a simple thing, the challenges that comes with it are sometimes bigger than the business itself. Which is why it is always important to have proper guidance on setting up a small innovative business, before setting it up. For those of you who wish to set up his/her own innovative small business or even if you are a manager looking to gain some knowledge on innovative small business, this course is the perfect way to get started.

This course will not only address how to set up a small business, but will also clear you up on innovations and how it plays a significant role in a business environment or a small business. Developing new ideas and putting them into action will also be examined in-depth through this course, followed by learning materials that will help you design an action plan to put the innovation into practice.

This course will then steer you towards the set-up of a small scale, innovative business. This course will provide you with the opportunity to learn all about new start-ups and on how small businesses operate and grow. The responsibilities that come with operating a successful small business will also be discussed adequately to ensure you carry them out appropriately.

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Study 365 has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Study 365 to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

Why consider learning at Study 365?

With so many commitments in our lives, we may not have the time to learn new skills. The beauty of studying online is that you get to find this balance between your education and your daily commitments

Study 365 offers hundreds of online courses to students across the world. Gaining new skills has never been this easy as many of our courses are open to students with little or no qualifications or previous experience. All the courses are up-to-date, relevant, affordable, and will build on existing expertise or give you a jump-start to a new career. The courses are meticulously designed and equals what is offered in a classroom setting. With a solid reputation that has established and made us made us one of the most trusted and reliable online course providers we offer the most convenient path to gain recognised skills and training that will give you the opportunity to put into practice your knowledge and expertise in your chosen career. You can learn at your own pace at Study 365 and you will be provided with all the necessary material, tutorials, qualified course instructor, narrated e-learning modules, interactive quizzes and free resources which include Free CV writing pack, free career support and course demo to make your learning experience enriching and more rewarding.

Learning Outcomes

  • Have a clear understanding of how innovation plays a significant role in a small business or business environment.
  • Learn how to develop new ideas and put them into action.
  • Learn how to design an action plan.
  • Learn how new startups and small businesses operate and grow.
  • Understand the structures and responsibilities of operating a successful small business.

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course.  The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Who is this Course aimed at?

  • Entrepreneurs
  • Business Owners
  • Business Consultants
  • Business Managers

Entry Requirement

  • All learners should be over the age of 19 and have a basic understanding of Maths, English and ICT.
  • A recognised qualification in level 2 or above in any discipline.

Method of Assessment

This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.

Please Note: Additionally, £79 is charged for assessment and certificate and you need to pay that when you are submitting your assessments only (It is not required to pay initially when you are registering). This payment can be paid into 03 installments when you are submitting your assessments.


At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

Course Code: QLS-05010

Accredited Body

Accredited body (Accreditation) ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Progression and Career Path

Once you successfully completed the Level 3 Diploma in Innovative Small Businesses, you will gain the knowledge that will open the door to exciting job opportunities. You can start your own business or gain employment in a business environment. You can use this certificate to further your academic training, or progress in your career as a Business Manager.  Listed below are some of the job titles this certification will help you attain along with the average UK salary per annum according to https://www.payscale.com.

  • Business Consultant – £38,159 per annum
  • Small Business Owner – £24,747 per annum
  • Small Business Operator – £25,759 per annum
  • Business Manager – £34,591 per annum

Others jobs you can get

  • Entrepreneur

Other Benefits

  • Written and designed by the industry’s finest expert instructors with over 15 years of experience
  • Repeat and rewind all your lectures and enjoy a personalised learning experience
  • Unlimited 12 months access from anywhere, anytime
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Eligible for a TOTUM discount card
  • Free Career Support Service
  • 25% Discount on personal Statement and covering letter writing service
  • Free Access to Over 150 courses for 2 days (48 hours)
  • Free access to course before you purchase (For selected courses only)

Course Curriculum

1: Introduction Innovative Small Businesses
Introduction Innovative Small Businesses 00:00:00
2: Interrelationships between Invention, Innovation and Small Businesses
Interrelationships between Invention, Innovation and Small Businesses 00:00:00
3: Research and Development Activities for Small Business
Research and Development Activities for Small Business 00:00:00
☑ Assignment
Assignment Brief I – Diploma in Innovative Small Businesses Level 3 00:00:00
☑ Submit Your Assignment
(B) Assignment Submission I – Innovative Small Businesses Level 3 00:00:00
4: Diffusion of Innovations
Diffusion of Innovations 00:00:00
5: Understanding Clusters and Knowledge Flows
Understanding Clusters and Knowledge Flows 00:00:00
6: Academic Spin-Offs
Academic Spin-Offs 00:00:00
☑ Assignment
Assignment Brief II – Diploma in Innovative Small Businesses Level 3 00:00:00
☑ Submit Your Assignment
(B) Assignment Submission II – Innovative Small Businesses Level 3 00:00:00
7: Emergence of Global Start-Ups And Business Development
Emergence of Global Start-Ups And Business Development 00:00:00
8: Innovation Performance Indicators and Small Firms
Innovation Performance Indicators and Small Firms 00:00:00
9: Module Conclusions
Module Conclusions 00:00:00
☑ Assignment
Assignment Brief III – Diploma in Innovative Small Businesses Level 3 00:00:00
☑ Submit Your Assignment
(B) Assignment Submission III – Innovative Small Businesses Level 3 00:00:00

Course Reviews


2 ratings
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  1. Perfect Course


    The perfect course for small business owners. From innovation to setting up a small scale business, this course has not failed to educate passionate individuals on small scale business.

  2. A great platform


    Wonderfully crafted learning materials. Great learning platform and the benefits provided by this platform is also very worthwhile.

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Learner Unit Summary

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All students enrolled with Study365 are entitled to a CV Writing and Interview Skills Pack, which includes CV templates, cover letter guidance, and advice for interviews.



If you need career support Study365 is here for you. We provide excellent career support through our Career Support Service.



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