Innovation and Entrepreneurship Terms
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Questions and Answers

What is the Global Entrepreneurship Monitor?

  • An annual comparison of EU innovation capacities
  • An assessment of entrepreneurial activities worldwide (correct)
  • A mechanism for seeking start-up funding
  • A strategy for innovation in the United States
  • What do Indicator Measures refer to?

  • Privately owned firms with high growth orientation
  • Specific measures of innovation and entrepreneurship activities for comparison (correct)
  • Locations for young sector incubation
  • Assessment of educational attainment levels
  • What does the Triple Helix paradigm explain?

  • The strategy for the EU in relation to innovation
  • Relationship between universities, industry, and government (correct)
  • Level of formal education achieved
  • Factors influencing entrepreneurs and new venture formation
  • What are High-Growth Enterprises?

    <p>Privately owned firms with a high growth orientation</p> Signup and view all the answers

    What is the Innovation Union Scoreboard?

    <p>Annual member state comparative assessment of EU innovation capacities</p> Signup and view all the answers

    What are Characteristics in the context of entrepreneurship?

    <p>Factors influencing entrepreneurs and new venture formation</p> Signup and view all the answers

    What term describes the process by which entrepreneurs validate their business idea?

    <p>Proof of Concept</p> Signup and view all the answers

    What is the term used to describe how intellectual property or know-how is transferred from one organization or individuals to another organization or individuals?

    <p>Technology Transfer Process</p> Signup and view all the answers

    Which type of entrepreneur starts their own venture to exploit a market opportunity with an innovative or new technology?

    <p>Technology Entrepreneur</p> Signup and view all the answers

    What are the factors that prevent or limit technology transfer activities referred to as?

    <p>Stimulants and Barriers to Technology Transfer</p> Signup and view all the answers

    What is the permission granted by the owner of intellectual property to another party for the use of an invention called?

    <p>Licensing</p> Signup and view all the answers

    Which term describes the financial and personal returns accruing to an entrepreneur when a new venture succeeds?

    <p>Rewards</p> Signup and view all the answers

    What term describes factors within a funded project that prevent or limit technology transfer activities?

    <p>Project Inhibitors</p> Signup and view all the answers

    What is the legal protection given to an inventor for knowledge novelty?

    <p>Patents</p> Signup and view all the answers

    What term describes how entrepreneurs cope with the risks involved in starting up a business and how much risk an entrepreneur is willing to take on?

    <p>Risk Profile and Appetite</p> Signup and view all the answers

    What are external environmental factors that influence technology transfer referred to as?

    <p>Macro-level Factors</p> Signup and view all the answers

    Study Notes

    Entrepreneurship Concepts

    • Global Entrepreneurship Monitor (GEM) is a platform that tracks entrepreneurial activity, attitudes, and aspirations worldwide.
    • Indicator Measures refer to quantitative and qualitative data used to assess entrepreneurial activity, such as startup rates and entrepreneurial aspirations.

    Innovation and Technology Transfer

    • The Triple Helix paradigm explains the interaction between universities, industries, and governments in the innovation process.
    • High-Growth Enterprises are companies that achieve high growth rates over a specific period, often characterized by innovation and entrepreneurship.

    Intellectual Property and Technology Transfer

    • The Innovation Union Scoreboard is a tool used to compare innovation performance across EU member states.
    • Characteristics in the context of entrepreneurship refer to the attributes and traits of entrepreneurs, such as risk-taking and innovation.
    • The process of validating a business idea is called Customer Discovery.
    • Technology transfer refers to the process of transferring intellectual property or know-how from one organization or individual to another.
    • A term used to describe the permission granted by the owner of intellectual property for its use by another party is Licensing.
    • Entrepreneurs who start their own ventures to exploit market opportunities with innovative or new technologies are called Technopreneurs.

    Barriers to Technology Transfer

    • Factors that prevent or limit technology transfer activities are referred to as Barriers to Technology Transfer.
    • Internal barriers to technology transfer refer to factors within a funded project that prevent or limit technology transfer activities.

    Intellectual Property and Risk Management

    • Legal protection given to an inventor for knowledge novelty is called a Patent.
    • The financial and personal returns accruing to an entrepreneur when a new venture succeeds are referred to as Entrepreneurial Rewards.
    • Risk Tolerance refers to how entrepreneurs cope with the risks involved in starting up a business and how much risk an entrepreneur is willing to take on.
    • External environmental factors that influence technology transfer are referred to as Contextual Factors.

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    Test your knowledge of terms related to innovation and entrepreneurship including American Strategy for Innovation, co-working incubation, crowdfunding, Global Entrepreneurship Monitor, high-growth enterprises, and indicator measures.

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