Аннотация:In recent years, makerspaces are a growing trend across the world and are becoming one of the important element of university innovation ecosystem. However, there are little knowledge about the innovation process in the university-based makerspace, and the necessary resources to create product innovations and successful startups. In exploring the university-based makerspace fieild the authors have resource-based view in combination with lean and agile innovation process of entrepreneurial teams of startups. The study uses a single case study approach (one makerspace) and explore thirteen entrepreneurial teams within the university-based makerspace. The research revealed what and how entrepreneurial teams witin management, design and engineering activities leveraged the resources and tools of university-based makerspace in emerging country to design B2C product innovations and startups at the fuzzy front end stage.