Key Benefits

Stop talking, start doing

Forget spending years fiddling with a business concept that ‘might’ work. This course is all about the fast strategic thinking you’ve got to do to get a winning viable product to market ASAP.

Nationally recognised

The course is nationally recognised under the Australian Qualifications Framework. You can use it as a pathway to further studies, including university degrees.

Skills you'll actually use

This diploma isn’t just about getting your business paperwork sorted (although we’ve got you covered for that too). You’ll learn critical thinking skills to develop and keep improving your products so you’re always one step ahead of the game. Master working with a close-knit team in a high-pressure environment to create solutions you can be proud of.

Course Accreditation

You’ll need to complete 11 units to obtain your Diploma of Entrepreneurship and Innovation.

Module 1

Module 2

Module 3

Module 4

Course Assessments

The experts who design and deliver our courses (click back to Course trainers to meet some of them) have developed an assessment framework that’s uniquely designed to help you gain a deep understanding of the material.

Assessment formats include:

Career Opportunities

The Diploma of Entrepreneurship and Innovation is made for the doers, the bootstrappers, the get-stuck-in-ers. It’s designed to help bridge the gaps between your technical skills, business skills, and higher-level critical thinking skills. In other words, the magic triad you need to develop products that are truly original. The best part is, Monarch Institute’s DEI is so flexible, you can start working on your big idea while you’re still studying.

Key opportunities include:


The Diploma of Entrepreneurship and Innovation is designed to help get you started on your business idea(s) ASAP. But it’s also a potential pathway to further study for entrepreneurs for whom curiosity means constant learning. For example, you could use your nationally recognised Diploma to help gain entry (or even a head start) on an Advanced Diploma in a similar field.

The DEI could even be part of your pathway to further study at university.

Just make sure you check with the university of your choice about entry options and course credit before you enrol with Monarch Institute.

Entry requirements

Course entry requirements

There aren’t any formal prerequisites. But to make sure you get the most out of training with us, the following enrolment process applies:

What equipment will I need?

You will need access to the following equipment to successfully complete the course:

Am I eligible for recognition of prior learning (RPL)?

We may be able to take into account relevant knowledge and skills you’ve gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Handbook by clicking here, or get in touch with one of our friendly Course Consultants.

Course Topics

The Diploma has five core units and six elective units. These cover core skills like validating product ideas, critical thinking, and securing that critical business funding.

Module 1

Know you Your Market and Network

You can’t create a solution without first knowing what the problem is. And you can’t create a great solution without a strong support network – even if you’re a solopreneur. This module sets you up with the basics of market research and strengthening your network in all directions.

Module 2

Set Yourself Up For Success

The reason so many start-ups fail is so simple, it’s almost boring: they fail to plan. Great ideas with real commercial potential can’t go anywhere if the fundamentals aren’t in place. This module is about the technical knowledge you need to create or supervise business plans, financial plans, and action plans for your projects.

Module 3

Product Development and Funding

In case nobody’s told you yet, we’ll let you in on a (not so) little secret: your product doesn’t have to be 100% perfect when you launch it. And it’ll never BE perfect without improvements based on real data from real users. This module guides you through the steps of validating a product idea and defining what you really need to launch. You’ll also learn what it takes to get cash you need to get started or break through to the next level.

Module 4

Establish Your Team and Market Your Product

Constant improvement takes the wisdom to know what’s wrong – and the guts to say it out loud. It takes finesse to generate and articulate solutions that everyone wants to get on board with. If your team is going to be up to the challenge, you’ve got to build the right team culture. One that sparks innovation and critical thinking. This module guides you through the big-picture stuff you need to have in place for great ideas to flow. To top it all off, you’ll learn how to choose the right marketing opportunities to help bring your solution to all the right people.

Course Duration

This course is designed to be completed within 12-24 months.

There is no minimum timeframe to complete this course. Students who are highly motivated and well organised can complete the full course at an accelerated pace.

The key factors that influence course completion are a student’s experience, time availability, how fast they work and how committed they are.

How it works

More than online

You’ll get:

How does it work?

This course has been developed to give you absolute flexibility. Study on your couch, on public transport, on your break at work, out in the park – wherever and whenever you like. The best part is, with Monarch Institute, ‘online’ doesn’t mean ‘alone’. You’ll be backed by our trainers at every step along the way.

What support will I get?

Your trainer will be happy to contact you via phone, Zoom, or email (Monday to Friday, 9am to 5.30pm). So you definitely won’t feel alone. You’ll also have access to our student Facebook groups, so you can discuss the material with other students. It’s a handy way to stay in touch with trainers and others in the same course.

Course Price

Upfront payment

$2,950 (total)

The most cost-effective option. Pay up front and save 20% compared to the total payment plan. Payment options include electronic funds transfer (EFT), credit card (Mastercard or Visa), cheque or cash.

Payment plan

$136.15 per week, paid over 26 weeks (total $3,540)

This option is suitable for students wanting to manage their cash flow. It’s handy if you want to get started right away, but don’t have the full amount on hand. Payment must be made with Mastercard or Visa.

Meet your trainers

Industry experts and thought leaders.
Karen Holder
“A person who never made a mistake never tried anything new.”
—Albert Einstein

I have a keen interest in entrepreneurship both theory and practice and is passionate about helping businesses small and large think “outside the box”, keep up with changing trends and find new opportunities both online and offline.

For the last 10 years, I’ve has owned a successful business consulting firm helping entrepreneurs improve their systems and processes, increase profitability, resolve staffing issues, grow leads and look at new opportunities in technologies and sales. My clients have included IT firms, property development firms and various other small businesses across Melbourne.

I hold a Bachelor of Commerce (Accounting), graduating with First Class Honours from RMIT, and also have a MBA from Deakin University and a Graduate Certificate in Adult Education, and an IPA designation.

What gets me out of bed in the morning?

I love to help people fulfill their dreams!

Any questions? Ask away!

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Diploma of Entrepreneurship and Innovation - Coming soon!


  • Think like a disruptor
  • Go from dreams to goals in under 12 months
  • Learn how to turn your ideas into real business ventures
Click to expand
Duration Up to two years
How it works Study online. With a difference
Price $2,950 | $136.15 per week (payment plan)
Career opportunities Entrepreneur | Product Manager
Course topics Four modules
Units 11 units of competency | Nationally recognised
Course trainers Industry experts and thought leaders.
Pathways University courses
Entry requirements No formal prerequisites | RPL available | Some equipment needed
Assessments Multiple small assessments
Start date Coming soon
Get in touch about enrolling
Payment Options There are two ways you can pay for your course...
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