Entrepreneurship is the creation or extraction of value, a change, which may include other values than simply economic ones. It is the process of designing, launching and running a new business, which is often initially a small business, or as the "capacity and willingness to develop, organize and manage a business venture . Entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to lack of funding, bad business decisions, an economic crisis, lack of market demand, or a combination of all of these.

   An entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technologies into products and services. The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation on the creation of economic value.

   Mother Teresa Charitable Trust confers Entrepreneurship Award to the successful industrial group to encourage them for their further development in the field.