Venture Development refers to a process that involves identifying, evaluating and developing new business opportunities into successful ventures. This includes activities such as market research, product development, feasibility studies, financial planning, and strategic management. The goal is to transform an idea or concept into a viable business by assessing its potential for growth, profitability, and sustainability. Venture Development also involves building the necessary infrastructure, securing resources, and developing a strong team to execute the plan effectively. It requires creativity, innovation, and risk-taking, as well as careful planning and execution to ensure success.