About the Professional Diploma

What is the educational programme about?

It’s a 10 module, 4 month entrepreneurial development and educational programme, where you learn everything you need to know in order to succeed with your business online.

You can attend either physically at the school’s teaching facility at the 5* Almyra hotel in Paphos, Cyprus or join via distance learning. All lessons will be recorded and available online for all students.

What can I use this entrepreneurial educational for?

The purpose of the education is for you to be fully able to master setting up and operating an online business – either your own or your future boss’s company. You will gain all the necessary skills needed and learn the expert tools to achieve success.

This includes everything from company formation and tax planning, management and team building, digital strategies, building a professional website with payment solutions to marketing yourself, social media, email marketing, your services and brand correctly, to the right target audience groups.

When does the education start and end?

The Professional Diploma in Digital Entrepreneurship educational programme runs twice a year with a spring (February) and autumn (September) semester. The first lecture day starts the first Monday of the month, lasting 4 months and ending in the third week of the last month.

What are the entry requirements?

Joining the education requires no prerequisites. The only requirement is proper English skills equaling a minimum B1 level – meaning, you can understand the main points on familiar matters, can produce simple text on topics, and describe experiences and events, dreams, hopes and ambitions, and briefly give reasons and explanations for opinions and plans.

As the education is at a master level, we expect you to work intensively at a high level during the full programme. Before being accepted to the school you will have a phone or Skype interview, making sure you are ready to join the programme and deciding whether it is the right choice for you.

Can I build a new or optimise an existing a business during the programme?

Absolutely! If you have an already existing business or want to start-up a new entrepreneurial business venture, the answer is yes! The 4 months are specifically designed for you to develop online concepts for any type of business while taking the programme, combining it with intensive learning in expert skills and know-how.

How many modules can I register for?

According to registration of each of the education modules, there is no registration process. This means that if you are accepted as a student you will be enrolled in all modules of the education.

Each of the 10 modules are tailored and carefully selected in such a way that makes all of them mandatory.

Why are the education modules scheduled the way they are?

Because we know how easy it is to become overwhelmed and lose track, we have intentionally split the education into pieces that come in order – one by one.

The structure of the education has been carefully planned out so that you complete each module in a specific order, with all the accompanying checklists and home assignments. We have designed it this way so that you are guaranteed to receive the maximum benefit and achieve maximum success with your online business.

The timing of each step is essential. You don’t want to make your online ads before your product or service is finished! When each step is in place you will not get information overload, making it easier to complete the development programme the right way.

Will the lectures be recorded?

Yes. All lecture sessions will be recorded and you will be able to watch them at any time by logging into the closed student area. You will receive your login details a few days before the programme starts. You will have lifetime access to the recordings even after you complete the programme.

What do former students say?

Hundreds of students have already gone through the education and given it great reviews. These are confirmations that the entrepreneurial development programme really works.

Is there an online student community?

Yes. Each class will have access to a closed student community that will be used for shared communication with your teachers and fellow students. Here you can ask any questions you might have and get feedback both during and after you complete the programme.

Is there an exam I need to pass?

Yes. In order to pass receive the diploma of Professional Diploma in Digital Entrepreneurship – you will have to write a project report about what you have learned during the educational programme and then pass an exam.

The exam is a 30 minute verbal presentation based on your written assignment. There are no midterms or re-takes except due to illness or special situations where we deem fit.

What is the grade system and votation?

You will either pass or fail based on an overall score of 60/100 points. The overall grade votation consists of 80% exam (written assignment & verbal presentation) and 20% class participation (absence & participation).

Can I see a full study calendar for the educational programme?

A semester at the school is 4 months. Here you can see the whole scheduled study calendar for the education of the Professional Diploma in Digital Entrepreneurship.

Is there a guarantee that the educational programme actually works?

The school’s goal is for you to succeed with your business online, make use of your full potential and live an awesome entrepreneurial life. If you’re employed and creating some super cool things for your company, you’ll learn how to create even more success.

That is why you can join the first two weeks and if you feel that we’re not offering you all we have promised, then we will pay you back.

In return we require that you complete the tasks which accompany the lessons so that we can be sure you have actually made an effort! We’ll ask you exactly what’s not working for you so that we can learn and improve ourselves.

If you’ve completed all tasks and still feel that you’re not getting what you want, then we don’t want your money! Simply send us your completed tasks and an explanation. We’ll pay you back with no questions asked.

What if I’m joining via distance learning and having troubles?

The school staff and teachers are here to help you. If you are joining via distance learning and have technical problems with live streaming, audio or anything else in connection with the development programme, we are on hand – by phone, chat or email. And remember – there is no “stupid” question!

What are the technological requirements to join?

You need an efficient computer (PC, Mac, etc.) that can be used for several programs, as well as a high-speed internet connection able to view streaming videos. Please notice that devices like tablets, Google Chromebooks, or something similar are not recommended.

The Education Programme Formalities

Is it a full master’s degree education?

No. The education of the Professional Diploma in Digital Entrepreneurship is not a full master’s degree that normally takes two full semesters (a full academic year). The education is a full education of one semester at master level.

If you wish to get a full master’s degree using this educational programme as a part of it, you should contact a state university arranging the other semester, and make sure you receive full merit from this educational programme as part of your full degree programme.

What is a postgraduate certificate?

A professional diploma enhances or serves as an alternative equivalent to an academic diploma.

The teaching is at level 7 on the National Qualifications Framework (NQF) – the same level as Masters degrees. However, the educational programme is shorter and you won’t have to proceed to the dissertation stage.

This makes the programme a great option if you are interested in pursuing a postgraduate study, but do not want to commit to a full master’s programme and need the official entry requirements to join the programme at master’s level.

What is the difference between a professional diploma and a master?

The main difference between a professional diploma and a master is that a master is more extensive, generally taking a full year (two semesters) to complete if studied full time with academy entry requirements.

This compares with half a year (one semester) for a professional diploma with no academic entry requirements.

How can I get merit for this educational programme?

If you wish to receive full academic merit after completing this programme as part of a higher degree, your home institution must approve the Professional Diploma in Digital Entrepreneurship in order to obtain full merit for the semester (equaling 30 ECTS credits).

Receiving academic merit from your home institution is not a requirement to be accepted at the school.

What are ECTS credits?

ECTS refers to the European Credit Transfer & Accumulation System. An ECTS credit means the level of total student workload including lectures and self-study. In Cyprus where the school is established, 1 ECTS credit equals 30 hours.

The Professional Diploma in Digital Entrepreneurship of one semester is 30 ECTS credits. ECTS is the used academic credit transfer system for higher education in Europe and is designed to compare different academic programmes within Europe.

What is a study abroad freemover student?

A freemover is a student taking a full degree education who organises their study abroad semester themselves outside the normal exchange programmes e.g. Erasmus+.

The term freemover is mostly a European term and other often used terms are study abroad student, guest student, visiting student, etc.

Can I join as a study abroad freemover taking a semester abroad?

Yes. You can obtain full merit and 30 ECTS points when taking a semester abroad as part of a full education in your home country. Your home institution must approve the curriculum and your study abroad stay as a freemover.

When joining the school as a study abroad freemover your tuition fee will in most cases be paid either partly or in full by your home government. Please contact us to help clarify your funding options.

What award will I receive at the end of my studies?

Upon successful completion of the programme and exam, you will be awarded the title Professional Diploma in Digital Entrepreneurship issued from the Ricco Mortensen Foundation.

What is expected from me as a student?

It is expected that you have an entrepreneurial mindset, are dedicated to learn, adapt to new stuff quickly and study intensely during the educational programme.

Furthermore, you are expected to participate actively throughout the programme, with group work and self-study.

How is the study environment?

The study environment is more or less as you create it. If you are joining as an distance learning student it gives you the opportunity to study on your own terms – terms that fit your daily routines.

Being a student at the school in Cyprus, offers you a unique opportunity going abroad within the best environment of intense interaction and guidance with your teachers, valuable one-on-one mentorship, sunny days, exotic study-trips and much more.

In other words, you will be insured the best framework to enjoy your study in the best surroundings – either from home or abroad. We believe that making the best study environment for our dedicated students will lead to the best outcome at the end.

Furthermore, you will join a special closed online community with your fellow students, where you have great opportunities to work in teams, ask questions, and share each other’s knowledge, and much more.

How about absence and participation requirements?

If you are a distance learning student, it is expected that you structure and manage your time yourself. If you are in class we expect you to participate in all lessons and group work.

No matter how you join, it is expected that you are highly committed to the programme throughout the full 4 months training.

Are there any deadlines I should be aware of?

You must apply for the educational programme latest 1 month before the start date, and render full payment or your first monthly installment.

If you plan to study physically at the school and is an EU citizen, you do not need to apply for a VISA. If you plan to stay in Cyprus for longer than 4 months you will have to register with the local authorities. The school will assist you with the necessary paperwork.

If you are a non-EU citizen, please contact us to clarify VISA requirements..

If I choose to study in Cyprus how about housing?

The school does not offer any kind of dormitory or private housing, which means you must arrange your stay on the island.

There are various affordable options for accommodations in Paphos, Cyprus near the school and the school staff will gladly assist.

Expect to pay around €300 for a fully furnished two-bedroom apartment. We have some good local contacts. Please contact us for more information.


How much is the tuition fee?

The tuition fee for joining the Professional Diploma in Digital Entrepreneurship as an distance learning student is €2,000 and as a physical student in Paphos in Cyprus is €7,500. You have to pay the tuition fee upfront to secure your seat.

Can I pay the tuition fee in installments?

You have the option of paying the tuition fee in four installments  with a 10% total surcharge. You will pay the first installment immediately to secure your seat and then the last three installments on the same date of the next months.

The installment for an distance learning student is €550 and for a physical student is €2,062.50.

Are there any application fees?

No. You only pay the tuition fee if you are granted access to the school.

Are there any scholarships available?

If you are studying at a national publically recognised institution and wish to study abroad for a semester as a freemover – in most cases your local government will pay a study abroad scholarship to cover the tuition fee either partly or in full.

In addition, if you receive a monthly state grant to cover housing and living expenses you are in most cases allowed to bring the grant with you to Cyprus.

Each country has different rules and funding options. Please contact us to help clarify your funding options.

Can I be accepted as an exchange programme student?

The school does not participate in European exchange program Erasmus+ programme where students can study abroad within the EU for free.

If you are taking a semester abroad as a freemover student you might be able to have the tuition fee paid. Contact us to help clarify your funding options.

How do I pay the tuition fee?

The payment details and instructions will follow with the invoice, which you will receive after being approved as a student. You have the option to pay the tuition fee either by bank or by credit card.

Can I have a job while attending the programme?

Besides your own business or entrepreneurial start-up, we do not recommend having either a part-time or full-time job due to intense full time study and mandatory programmes.

Programme Contact

We’ll be more than happy to talk with you, to clarify any questions you may have including possible scholarships available to you.

Reserve your seat.

Mads Jensen

Study Coordinator
Let’s have a talk.
Without any obligation of course!