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Entrepreneurship and social innovation nowadays have an important role in the economic and social development of countries, and this is corroborated because the highest levels of development correspond to those nations that reveal the highest levels of innovative entrepreneur ship in their countries. Economies in recent years there has been great interest in innovation and its impact on companies, however, social innovation has to do with new social practices created to help people. With the development of technologies, new companies have emerged and with-it new forms of communication have been created, more needs, in addition to the creation of new jobs directly and indirectly, which activates the economy and improves the quality of life of the people. When talking about entrepreneurship we refer to innovation and how this helps to make a difference between similar products and services. The objective of the article is to investigate innovation and entrepreneurship and its impact on economic and social development for which a systematic review of the bibliography of entrepreneurship and social innovation was carried out, focusing on knowing the impacts that it generates, through Inventions and helping people. It can be concluded that it is clear that innovation and entrepreneurship are some of the key elements in the development of companies and their impacts benefit society in general.