The main objective of this paper is to analyze the employee intrapreneurship and work engagement in the case of companies in Slovenia. Structural equation modelling has been proven to be useful in exploring the links between these five constructs. The main survey involved 50 companies in Slovenia, and from each company, up to 15 employees participated in our research. Thus, 637 employees responded to the questionnaire. The results show that employee satisfaction, employee motivation and leadership have a positive effect on the employee intrapreneurship and work engagement. The results also show that the employee intrapreneurship and work engagement have a positive effect on employee innovation. By giving employees the right tools, resources, support, and recognition at the workplace, it is easy to create the culture of intrapreneurship. It makes for happy, satisfied, motivated, engaged employees that are more innovative and make businesses more productive. Intrapreneurship can lend itself to new products, services or even processes.