{"id":13567,"date":"2025-06-06T12:05:27","date_gmt":"2025-06-06T11:05:27","guid":{"rendered":"https:\/\/icertpublication.com\/?page_id=13567"},"modified":"2026-03-03T18:24:30","modified_gmt":"2026-03-03T12:54:30","slug":"entrepreneurship-and-innovation","status":"publish","type":"page","link":"https:\/\/icert.org.in\/index.php\/edu-mania\/edumania-an-international-multidisciplinary-journal-vol-03-issue-02\/entrepreneurship-and-innovation\/","title":{"rendered":"Entrepreneurship And Innovation"},"content":{"rendered":"\t\t
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Edumania-An International Multidisciplinary Journal<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Vol-03, Issue-2 (Apr-Jun 2025)<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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An International scholarly\/ academic journal, peer-reviewed\/ refereed journal, ISSN : 2960-0006<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Entrepreneurship And Innovation\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Rani, Pinki<\/span><\/p>

Assistant Professor of Commerce, Mukand Lal National College, Radaur<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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DOI: <\/span>https:\/\/doi.org\/10.59231\/edumania\/9134<\/span><\/a><\/p>

Page No.: 298\u2013309<\/span><\/p>

Subject: Commerce \/ Business Management<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Received: Dec 28, 2024\u00a0<\/span><\/p>

Accepted: Feb 10, 2025\u00a0\u00a0<\/span><\/p>

Published: April 01, 2025<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Thematic Classification: Innovation Management, Entrepreneurial Ecosystems, Economic Growth.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Abstract\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The purpose of this paper is to shed light on the recent developments in the area of entrepreneurship and innovation & also to explore the synergies, similarities and differences in both. Entrepreneurship and innovation are inter-related concepts. Innovation sparks the initial idea while entrepreneurship fuel its realization and both of these also gives fuel to the global economic growth and development. This paper present how the innovation drives entrepreneurship and why innovation is necessary for meeting out the challenges of business environment and sustainable growth. Although changes demand innovation because changes provide opportunities and we can grab these opportunities by a feasibility analysis. For example, In India, PM is emphasizing on clean and green India, so this can be a great opportunity for the persons of same mindset & they can grab this opportunity by making an innovation in this context and in another example, in our country we moved from old taxation system like sales tax, VAT to new taxation system i.e. GST, a single tax (one nation, one tax) and this change gives the opportunity to many entrepreneurs to develop software, which can handle the GST calculations and make it easy. So, innovation is a specific tool of entrepreneurs the means by which they can exploit changes. A very well said thought in this context is that \u201cNecessity is the mother of invention and innovation\u201d. In current scenario, more focus on rural entrepreneurship, social entrepreneurship and women entrepreneurship etc. is going on. In our country, government of India provide many platforms, various schemes, activities and programmes for different categories and different incubators to generating the innovative ideas for the implementation of new start-ups (entrepreneurship) in the various field like agriculture, science & technology, communication, health care services, horticulture and many more. In this study we talk about the barriers and difficulties faced by the entrepreneurs like mostly persons resist to change due to fear of failure and lack of confidence because they do not know their powers & potential capabilities. So, government of India taking initiative for the development of this arena, like in Indian scripture Ramayana, when Ravana took away Sita mata and then a fleet of monkeys led by Hanuman & Jambavanth were searching for mata Sita. When they reached near the seashore, they stopped and get confused how to cross the sea. Then Jambavanth realizes Hanuman that you can jump over the sea because you have that much potential capability, then Hanuman realized his power and jump over the sea and find mata Sita. So, we require the persons like Jambavanth for knowing the hidden potential. Thus, in this research paper, we revealed how innovation & entrepreneurship collaborate to shape the better future of the business world and economic world too.<\/span><\/p>

Keywords:<\/span> – Economic growth, innovation, sustainable development, opportunities, potential, government schemes & programmes<\/span><\/p>

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Impact Statement<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Entrepreneurship and innovation are powerful drivers of economic growth, social transformation, and sustainable development. By fostering creativity, risk-taking, and problem-solving, entrepreneurial activity leads to the development of new products, services, and technologies that address emerging societal needs. Innovation not only enhances productivity and competitiveness but also creates employment opportunities and promotes inclusive growth. In both developed and developing economies, entrepreneurial ecosystems that support innovation\u2014through education, policy, and investment\u2014can accelerate progress in key sectors such as health, education, agriculture, and digital technology. This study underscores the critical role of entrepreneurship and innovation in building resilient economies and shaping a future-ready workforce equipped to thrive in a rapidly changing global landscape.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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About The Author<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Ms. Pinki Rani,<\/b> Assistant professor of commerce at Mukand Lal National college, Radaur, Yamunanagar  (Haryana). Qualified UGC NET in the subject of commerce  and management both. Having a good teaching experience and published research papers on the topic like GST, FDI, IPR and others in various reputable journals and seminars. <\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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APA:<\/span> Rani, P. (2025). Entrepreneurship and innovation. <\/span>Edumania-An International Multidisciplinary Journal<\/span>, <\/span>3<\/span>(2), 298\u2013309. <\/span>https:\/\/doi.org\/10.59231\/edumania\/9134<\/span><\/a><\/p>

MLA:<\/span> Rani, Pinki. “Entrepreneurship and Innovation.” <\/span>Edumania-An International Multidisciplinary Journal<\/span>, vol. 3, no. 2, 2025, pp. 298-309.<\/span><\/p>

Chicago:<\/span> Rani, Pinki. “Entrepreneurship and Innovation.” <\/span>Edumania-An International Multidisciplinary Journal<\/span> 3, no. 2 (2025): 298\u2013309.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Statements & Declarations\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Peer-Review Method:<\/span> This manuscript underwent a double-blind peer-review process conducted by two independent specialists in commerce and innovation management. The review focused on the theoretical integration of innovation cycles within modern entrepreneurial start-ups and the paper’s contribution to existing management literature.<\/span><\/p>

Competing Interest:<\/span> The author, Pinki Rani, declares that she has no competing financial interests or personal relationships that could influence the work reported in this paper.<\/span><\/p>

Data Availability:<\/span> This is a theoretical and review-based study. All frameworks, case studies, and innovation models discussed are derived from the academic literature cited in the references section and are available through standard university library systems.<\/span><\/p>

Funding:<\/span> This research was supported by Mukand Lal National College, Radaur. No specific grants from external funding agencies were used for the preparation of this work.<\/span><\/p>

License:<\/span> \u00a9 2025 by Rani, P. Licensed under the Creative Commons Attribution 4.0 International License<\/span> (CC BY 4.0)<\/span>. This allows the work to be shared and adapted provided the original author is credited.<\/span><\/p>

Ethical Approval:<\/span> The research adheres to the ethical standards of Mukand Lal National College. As no human subjects were involved in the theoretical development of this paper, it was exempt from full ethics committee oversight while maintaining standard academic transparency.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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  9. Rani, R. (2024). Contribution of Savitribai Phule to women empowerment, education and social issues. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>03<\/span>(03), 60\u201365. <\/span>https:\/\/doi.org\/10.59231\/sari7718<\/span><\/a><\/p><\/li>

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  11. Innovation\u00a0and\u00a0entrepreneurship<\/span>. John Wiley &\u00a0Sons\u00a0Limited.<\/span><\/p><\/li>

  12. Kanchana, R. S., Divya, J. V., & Ansalna Beegom, A. Challenges faced by new entrepreneurs. <\/span>International Journal of Current Research and Academic Review<\/span>, ISSN: 2347-3215, <\/span>1<\/span>(3), 71\u201378.<\/span><\/p><\/li>

  13. Otunla, A. O., & Abraham, A. O. (2024b). Use of Social Media Platforms for Citizen Journalism on Security Challenges in Nigeria among The Polytechnic Ibadan Students. <\/span>Edumania-An International Multidisciplinary Journal<\/span>, <\/span>02<\/span>(03), 12\u201325. https:\/\/doi.org\/10.59231\/edumania\/9052<\/span><\/p><\/li>

  14. Kumar,\u00a0A. <\/span>Entrepreneurship<\/span>. Pearson Education.<\/span><\/p><\/li>

  15. https:\/\/www.researchgate.net<\/span>.<\/span><\/p><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Edumania-An International Multidisciplinary Journal Vol-03, Issue-2 (Apr-Jun 2025) An International scholarly\/ academic journal, peer-reviewed\/ refereed journal, ISSN : 2960-0006 Entrepreneurship And Innovation Rani, Pinki Assistant Professor of Commerce, Mukand Lal National College, Radaur DOI: https:\/\/doi.org\/10.59231\/edumania\/9134 Page No.: 298\u2013309 Subject: Commerce \/ Business Management Received: Dec 28, 2024\u00a0 Accepted: Feb 10, 2025\u00a0\u00a0 Published: April 01, 2025 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":11893,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-13567","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/13567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/comments?post=13567"}],"version-history":[{"count":3,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/13567\/revisions"}],"predecessor-version":[{"id":29033,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/13567\/revisions\/29033"}],"up":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/11893"}],"wp:attachment":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/media?parent=13567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}