An innovation start-up
Introduction
An innovation start-up is a new business dedicated to successfully exploiting a new business idea. This is usually done by an entrepreneur – an inventor with personal ownership of an idea and a business plan of how to exploit it.
Sometimes, an idea may originate from within an existing organisation – eg a business or university. In these cases, the new business is called a ‘spin-out’.
This guide shows you how to create an innovation start-up. It looks at how to set up a business and introduces the different types of finance that might be available. It also explains how investors make a return on their investments.
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