India:10 Insights

into Indian entrepreneurs

Asia 5Bringing you a flavour of businesstrends in Asia...in just 5 minutes

A Futures Coaching initiativewww.futurescoaching.com

There are 26 self-made billionaires in India with a net worth of $80bn (source: Forbes)

List includes: Gautam Adani, Sunil Mittal and Narayana Murthy

huge successes

Some reports suggest up to 80% of students wish to start up a tech business

Incentives are low capital requirements & sector know-how

certain growth

Formal and informal entrepreneurial forums are springing up everywhere with active stakeholder participation

Once in a while events are now regular happenings

new venues

Rapid rise of venture capital, business angels and growth incubators

e.g. 5 years ago there were two groups of angel investors; today there are 10+ (Source: Express Buzz)

Rapid increases in mentoring, international tie-ups, studytours

more support

key focus

Entrepreneurs concentrate on Indian market constraints i.e. frugal and reverse innovation

to provide low cost solutions for Indians – whilst undercutting Western firms

key sectors

Hi-tech obviously but also bio-tech and life sciences

However, some of the biggest entrepreneurs made their

money in Indian real estate and the media

India has second largest pool of science and engineering

graduates in the world and churns out 2.3m per year (source: Ernst and Young)

However, entrepreneurs such as Sridhar Vembu (of AdventNet), hires clever youngsters from

lower classes that others disregard

clever hiring

not good enough, yet

In terms of patents, India is 10 years behind the Chinese

Whilst 60% of Chinese patents are by Chinese companies,

only 20% in India are filed by national companies (the rest are MNC)

Indian entrepreneurialism is missing the kind of support that high class academia provides in the USA

Meanwhile, PhDs are less valued than MBAs leading many of the brightest scientists to go abroad and never return

missing

Few Indian entrepreneurs have been able to build a true 'product' company out of India

Mostly Indian entrepreneurs have focused on services, customising software, adding manpower to sell customer-

specific solutions

more products please

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Email: chris@futurescoaching.com

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