Skip to Main Content

Entrepreneurship and Innovation : About

Enterprise Education

Technology and Design: Enterprise Education, Year 9, Term 1

Information about individual Entrepreneurs can be found by clicking on the Tabs above.

The Categories are: 

  • Emerging - new and upcoming entrepreneurs 

  • Industry - Retail, Fashion, Food, Music and Film

  • Services - Accounting, Real Estate, Transport and Home Health

  • Technology - Science, Internet and Data, Computer Systems, Software and Digital Media

  • Social - Community Services (not for profit)

Not for profit business structure

You may want to operate your organisation for the benefit of a group or community, as a charity or as a not-for-profit.

If so, there are legal structures that suit these types of organisations. Each structure has different legal obligations, liabilities, advantages and disadvantages.

To help you decide which structure is best for you, learn more on the Office of Fair Trading website:

Business Models

Innovation can be incremental or radical.

Have you ever made improvements to existing technologies, processes, products or services? This type of innovation is called incremental innovation. It's the most common form of innovation today and often produces incremental growth.

In contrast, radical innovation entails high uncertainty with high risks, and has the potential, though not guaranteed, for high returns.

Incremental innovation

  • Exploits existing technology
  • Involves little uncertainty
  • Focuses on cost or feature improvements in existing products or services, processes, marketing or business models
  • Improves competitiveness within current markets or industries

Radical innovation

  • Explores new technology
  • Can involve high uncertainty
  • Focuses on processes, products or services with unprecedented performance features
  • Creates a dramatic change that can transform existing markets or industries, or create new ones
Tullow Centre Library, Brigidine College. 2022