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💡 Innovation & EntrepreneurshipNational Testing Agency

Start CMAT Innovation & Entrepreneurship preparation free Like it? Continue at just ₹29/month — less than ₹1 a day

4 chapters in syllabus order, in English and Hindi.

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  • 4chapters
  • 32quiz questions
  • EN + हिंevery chapter in both

Syllabus

CMAT Innovation & Entrepreneurship chapters

In the order you should study them.

💡 4 chapters, in order4 chapters
  1. Entrepreneurship — Concepts, Forms and the Venture Lifecycle
  2. Innovation Frameworks, Business Models and Unit Economics
  3. Funding, Valuation and India's Startup Policy
  4. Business, Economy and Finance Awareness

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Try a real Innovation & Entrepreneurship question

A real question from the course. No sign-up needed.

From the chapter: Entrepreneurship — Concepts, Forms and the Venture Lifecycle

A unicorn, in startup terminology, is:

Show the answer and why

Answer: A.

The test is the valuation placed on a private company, above $1 billion — the term was coined by the investor Aileen Lee in 2013 for how rare such companies then were. Revenue and profit are irrelevant to it, which is why option B and option C are the standard distractors: several well-known unicorns have never reported a profit. Option D describes a listed company, and a unicorn by definition is not listed.

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