THE DIFFERENCE BETWEEN INNOVATION AND ENTREPRENEURSHIP
Most players in the startup ecosystem celebrate innovation. We tell entrepreneurs that they need to think out of the box. They are exhorted to be creative and original so that they can come up with a smart new idea which will solve the customer's pain points. They then need to convert that idea into a business, and if they follow this road map, they will become successful.
Actually, this is bad advice and is in fact completely wrong. There is a big difference between innovation and entrepreneurship, and Prof Anil Gupta who runs Honeybee Network highlighted this at the recent Vibrant Gujarat Startup Summit.