MNE2601
ASSIGNMENT 2 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: APRIL 2025
, MNE2601
Assignment 2 Semester 1 2025
Unique Number:
Due Date: April 2025
Introduction to Entrepreneurship and Small Business Management
Entrepreneurship in Innovation Hub Companies
Innovation hubs play a crucial role in fostering entrepreneurship by creating an
ecosystem that supports innovative ideas, collaboration, and business growth. Within
these hubs, entrepreneurship manifests in various ways that contribute to economic
development and technological advancement.
1. Startup Incubation and Acceleration
Innovation hubs provide an environment for startups to develop and grow.
Incubation programs offer resources such as office space, mentorship, and
funding opportunities that help entrepreneurs refine their business models.
Acceleration programs further support scaling businesses by providing access to
venture capital and industry experts, ensuring rapid growth and sustainability.
2. Technology Commercialization
Innovation hubs facilitate the transformation of research and development (R&D)
outputs into marketable products and services. Entrepreneurs collaborate with
academic institutions and research centers to identify technological
advancements that can be commercialized. This process involves securing
intellectual property rights, developing prototypes, and launching new innovations
into the market, enhancing competitiveness.
3. Corporate Entrepreneurship (Intrapreneurship)
Established businesses within the Innovation Hub encourage intrapreneurship,
where employees act as entrepreneurs within their organizations. They engage
in developing new products, services, or business models to enhance the
ASSIGNMENT 2 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: APRIL 2025
, MNE2601
Assignment 2 Semester 1 2025
Unique Number:
Due Date: April 2025
Introduction to Entrepreneurship and Small Business Management
Entrepreneurship in Innovation Hub Companies
Innovation hubs play a crucial role in fostering entrepreneurship by creating an
ecosystem that supports innovative ideas, collaboration, and business growth. Within
these hubs, entrepreneurship manifests in various ways that contribute to economic
development and technological advancement.
1. Startup Incubation and Acceleration
Innovation hubs provide an environment for startups to develop and grow.
Incubation programs offer resources such as office space, mentorship, and
funding opportunities that help entrepreneurs refine their business models.
Acceleration programs further support scaling businesses by providing access to
venture capital and industry experts, ensuring rapid growth and sustainability.
2. Technology Commercialization
Innovation hubs facilitate the transformation of research and development (R&D)
outputs into marketable products and services. Entrepreneurs collaborate with
academic institutions and research centers to identify technological
advancements that can be commercialized. This process involves securing
intellectual property rights, developing prototypes, and launching new innovations
into the market, enhancing competitiveness.
3. Corporate Entrepreneurship (Intrapreneurship)
Established businesses within the Innovation Hub encourage intrapreneurship,
where employees act as entrepreneurs within their organizations. They engage
in developing new products, services, or business models to enhance the
