Venture Capital: This refers to private equity investing in startups and small businesses with strong growth potential. It's like fuel for these companies, helping them grow faster than they could on their own.
Startups: These are new businesses in the early stages of their operations. They're like seeds that have just been planted - with the right conditions (like funding and guidance), they can grow into large trees (successful companies).
Innovation: This term refers to creating more effective processes, products, or ideas. Like inventing a new recipe that makes a cake taste better or cook faster, innovation improves on existing concepts or creates entirely new ones.