Write down the list of challenges the sole proprietor,partner or employee/manager face in the business and thesolutions to overcome the challenges, if any. How wouldyou address the challenges? If the proprietor, partner oremployee/manager offers their business ownership to youfor a month, which one of the business ownership willyou consider? Why?

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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.