Innovation and Entrepreneurship: A Dynamic Relationship for Economic Growth
- Miguel Virgen, PhD Student in Business
- Jan 31
- 6 min read
Updated: Mar 21
January (Doctors In Business Journal) - Innovation and entrepreneurship are critical components of modern economies, driving growth, creating employment, and fostering competition. This paper explores the interrelationship between innovation and entrepreneurship, examining how innovative ideas serve as a catalyst for entrepreneurial ventures and how entrepreneurship, in turn, plays a vital role in commercializing and scaling these innovations. The paper also discusses the role of government policies, educational systems, and financial mechanisms in nurturing both innovation and entrepreneurship. The findings suggest that the synergy between innovation and entrepreneurship is essential for fostering a thriving, competitive, and resilient economy.
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