Abstract: In this article the authors view the concept of entrepreneurship and entrepreneurial entities as well as development of entrepreneurial entities under the conditions of the information knowledge environment. The authors analyze the term 'information-knowledge environment', describes particularities of the information knowledge environment and offer their own interpretation of the term that defines the main tendencies and factors of the information knowledge environment development and its influence on entrepreneurial entities. The authors also distinguish between knowledge and information. The subject of the research is the development of entrepreneurial entities under the conditions of the information-knowledge environment. In their research the authors have used the method of the ascent from the abstract to the concrete which implies conditional dismembering of a research object and describing its features using a number of terms and characteristics. The authors have also used the method of analysis. They have analyzed the term 'information-knowledge environment', defines features of the information-knowledge environment and offers their own interpretation of the term 'information-knowledge environment'. They also outline the main trends and factors of the development of the information-knowledge environment and its influence on entrepreneurial entities as well as describe differences between knowledge and information.