thrilled about the many benefits and opportunities of being an entrepreneur. She was told “when you start building a business, you begin a journey or a process. This process has a beginning and an ending and between the beginning and end lays a lot of challenges. You will win only if you remain faithful to the process.” This statement made her apprehensive because she needed to adequately prepare in order to overcome these challenges. In the light of the above: i.            Identify and explain five (5) entrepreneurial skills Madam Samuella Yinmalya needs to possess in her  entrepreneurial venture ? b.         Discuss five (5) challenges of entrepreneurial development she is

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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.