4 Types of Innovation in Entrepreneurship
The four main types of innovation are Product Innovation, Process Innovation, Business Model Innovation, and Organizational Innovation.
Patrick is a Principal on the investment team at Elevate Ventures, where he spearheads the investment process with a fervent belief in the transformative power of innovation to enhance human flourishing. Patrick’s investment philosophy is anchored in four core principles:
Prior to Elevate, Patrick was an investor with Alumni Ventures, where he successfully executed over 50 investments in high-growth startups across diverse industries and stages. His career began as a Quantitative Research Associate at Harvard Business School, where he contributed to research on venture capital, private equity, entrepreneurship, innovation, and diversity.
Before venturing into the financial domain, he honed his skills on an energy hedge desk, trading oil and gas derivatives. Patrick holds a Master of Science in Financial Economics and a Bachelor of Science in Economics from Texas A&M University, where he specialized in econometrics and finance. His multifaceted experience and educational background equip him to navigate and thrive in the dynamic world of investment and innovation.
The four main types of innovation are Product Innovation, Process Innovation, Business Model Innovation, and Organizational Innovation.
The 5 types of innovation in business are Product Innovation, Process Innovation, Business Model Innovation, Marketing Innovation, and Organizational Innovation
Indiana's in-demand businesses reflect the state's dynamic economic evolution and its focus on innovation-driven growth.