noun
new business; new venture
Refers to a newly established business or a new business undertaking, often in a corporate context.
会社は新規事業を立ち上げる計画だ。
The company plans to launch a new business.
新規事業のアイデアを募集しています。
We are soliciting ideas for new ventures.
Similar meaning, but 新規事業 is more common and formal, often used in business planning contexts.
Compound of 新規 (new, fresh) and 事業 (business, enterprise).