You as entrepreneur, elaborate on your personal abilities based on the following items. a. Ability of extracting new products. b. Ability of developing new production. c. Ability to Creating new markets. d. Ability to come up with new ideas and forms. e. Ability to generate new methods of services.

You as entrepreneur, elaborate on your personal abilities based on the following items. a. Ability of extracting new products. b. Ability of developing new production. c. Ability to Creating new markets. d. Ability to come up with new ideas and forms. e. Ability to generate new methods of services.

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter4: Choosing A Form Of Business Ownership

Section: Chapter Questions

Problem 6DQ

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Venture Development Process

To create a startup company around a licensed university technology is referred to as venture development. A venture development firm can assist entrepreneurs in identifying and developing a prospective commercialization strategy, be an incubator, test target market assumptions, recruit university and non-university innovative resources and talented team members, and obtain early-stage finance. Commercialization grants, internal and external small business owners, governmental and local finance systems, and private funds are all possible sources of funding. This activity, when combined with strong intellectual property resources, accelerates early commercialization efforts and better prepares university-affiliated business owners for other types of funding.

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