For example, if you have fantastic ideas for new products but have yet to even consider the market viability of these products, you might want to consider yourself an inventor. Knowing what the differences are will allow you to determine which role you want to take.

For instance, every iteration of the iPhone is considered to be an innovation over the previous iPhone model.īefore you begin a startup, it's critical that you fully understand the difference between these three terms.

An innovator will attempt to improve on a product that may already be in the market. Entrepreneurs usually create companies surrounding the product that they want to place on the market, which is why most individuals who create startups are considered to be entrepreneurs.Īs for innovators, these are individuals who want to create new ideas and new ways of doing things. On the other hand, an entrepreneur is someone who focuses almost exclusively on trying to take a product and fit it into a market wherein it can sell to customers or clients. In most cases, an inventor isn't trying to place this invention on the market. Someone who invents a product is simply looking to create a new product that has never before been made. 🔬 Read: Business Resources for Biotech StartupsĪn inventor is likely the most creative individual of the three. Understanding the responsibilities and characteristics between these positions will help you make the right business decisions when creating your startup. While these terms are similar to one another, there are key differences between each of these positions. If you're creating a startup business, you may be questioning if you're an inventor, entrepreneur, or innovator. Learn the key differences between inventor, entrepreneur, and innovator.

Inventor and inventor