Inventrepreneur

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DEFINITION of 'Inventrepreneur'

A type of entrepreneur who seeks to market or produce an invention of his or her own creation. Inventreprenuers can exist in any industry that moves forward from new inventions or discoveries, such as technology, communications, transportation or heavy industry.

BREAKING DOWN 'Inventrepreneur'

Inventrepreneurs abound in certain sectors, such as technology, where new inventions are churned out on a daily basis. Successful inventrepreneurs must have business savvy, an unwavering belief in their product and also the necessary time and capital to market their invention. Though this is a lot of qualities to possess, the rewards for successful inventrepreneurs can be enormous.

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RELATED FAQS
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    For one, it wasn't Adam Smith. One person strangely overlooked in Smith's free market masterpiece, The Wealth of Nations, ... Read Full Answer >>
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    The money a business uses to fund operations or growth is called capital, and there are a number of capital sources available. ... Read Full Answer >>
  3. Can I buy insurance to reduce unlimited liability in a partnership?

    Partnership insurance is actually quite common. Most of the time, partners buy insurance to safeguard against the possibility ... Read Full Answer >>
  4. What are the benefits of financial sampling?

    Financial sampling allows auditors to approximate the rate of error within financial statements. For accounting purposes, ... Read Full Answer >>
  5. What are the benefits of prorating expenses?

    When a person prorates expenses between personal and business expenses, he is able to capture the maximum amount of tax benefits ... Read Full Answer >>
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