▁innov ative ▁micro - bus iness . ▁Each ▁student ▁designs ▁an ▁individually - tail ored ▁plan ▁of ▁study , ▁combining ▁courses ▁in ▁their ▁professional ▁field ▁and ▁business ▁management ▁courses ▁with ▁the ▁respective ▁innov ative ▁project . ▁Stud ents ▁work ▁closely ▁with ▁the ▁In nov ation ▁Centre ▁I cel and ▁and ▁the ▁West f j ords ▁economy . ▁Because ▁the ▁program ▁is ▁individually ▁struct ured ▁the ▁number ▁of ▁students ▁is ▁limited . ▁ ▁By ▁comple ting ▁the ▁program ▁students ▁will ▁be ▁well - prep ared ▁to ▁execute ▁their ▁own ▁ideas ; ▁whether ▁it ▁is ▁by ▁found ing ▁a ▁new ▁business ▁or ▁within ▁an ▁established ▁business . ▁These ▁skills ▁are ▁also ▁valuable ▁in ▁the ▁labor ▁market ▁in ▁general , ▁in ▁fields ▁such ▁as ▁project ▁man aging , ▁strateg ic ▁planning ▁and ▁decision ▁making ▁for ▁example . ▁In ▁this ▁sense ▁the ▁program ▁provides ▁students ▁with ▁excellent ▁skills ▁that ▁are ▁useful ▁in ▁the ▁ever - ch anging ▁modern ▁labor ▁market ▁that ▁dem ands ▁independent ▁work ▁methods , ▁innov ative ▁spirit ▁and ▁self - dis cipl ine . ▁ ▁See ▁also ▁ ▁Sk em man . is ▁( dig ital ▁library ) ▁ ▁References ▁ ▁External ▁links ▁ ▁Official ▁Website ▁( in ▁I cel and ic ▁and ▁English ) ▁ ▁Category : Univers ities ▁in ▁I cel and ▁University ▁of ▁Ak ure y ri ▁Category : E du c ational ▁institutions ▁established ▁in ▁ 1 9 8 7 ▁Category : 1 9 8 7 ▁establish ments ▁in ▁I cel and <0x0A> </s> ▁The ▁works ▁of ▁J . ▁M