Determining factors for the creation of innovation-based ventures

Abstract This research aims to determine the impact of internal and external factors Social Capital, Entrepreneurial Self-Efficacy, Person-Entrepreneurship Fit in transition nascent entrepreneurs toward venture creation. For development this research, a sample 500 located Colombia who are creating company was taken. The methodology is hypothetical-deductive with cross-sectional multiple causal correlation design an explanatory scope divided into three stages: first, exploratory analysis data relating study variables carried out. Second, principal component Finally, third stage modelling using Partial Least Squares-Path Modelling methodology. Among most relevant findings, it found that Capital significant explaining Fit. In turn, Self-Efficacy. construct Venture Creation only significantly explained by Consequently, can be concluded influence social psychological within business cycle significant, models strategies must consider these elements tools support optimal start-ups cycle, so they consolidate as stable ventures. contributes filling gap focusing on determining entrepreneurial process beyond its initial phase.