Four entrepreneurship archetypes

Research has identified four entrepreneurship archetypes in the South African SME market and identified the components that needs to be strengthened to ensure that these archetypes thrive:

1. High-tech Entrepreneurship Model –  In this model intellectual property (IP) is developed by research universities or centers and commercialized with support from angel investors and venture capital.
2. External Trigger Model – This model emerges as a result of external circumstances which result in a number of skilled and experienced people in a position to start their own businesses
3. The Mothership Model – This model describes businesses that emerge from existing companies resulting in smaller spinoffs supported by the existing business
4. Local Hero Model – Businesses which emerge as a result of an inspirational success of another local business

Source: BizCommunity

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