Entrepreneurship Education in India. (7min)
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Creativity, innovation and entrepreneurship are the seeds to economic activity and entrepreneurs are the sources of jobs in an economy. According to TiE (The IndUS Entrepreneurs, a non - profit organization, which promotes entrepreneurship), each entrepreneur creates approximately 30 jobs. Entrepreneurship helps to make the Indian market export competitive and equally contributes in making the Indian brand more acceptable. People exposed to entrepreneurship frequently express that they have more opportunity to exercise creative freedoms, higher self-esteem, and an overall greater sense of control over their own lives. But the present younger generation is not able to enjoy all these benefits. A survey done by the Entrepreneurship Development Institute, India (EDII) in 2003 shows that young people are afraid to start their own business because they are not confident, not capable, and lack knowledge in starting a business. Many people would have the opportunity to change jobs or become an entrepreneur if they are properly trained. The students in India are not confident merely with the traditional education they receive in the universities. This throws a demand for education programs specifically designed to expand students’ knowledge and experience in entrepreneurship. Entrepreneurship education in India faces cultural and financial constraints along with insufficient government capacity and private participation. Research points to the significant impact that good entrepreneurship education can make more towards entrepreneurial success and promotes entrepreneurial culture. Hence the plethora of entrepreneurship academics and academic programs at UK and US universities. A mainstay of many of the more successful entrepreneurship programs at business schools around the world is the involvement of successful entrepreneurs whose business careers provide an invaluable part of any university student’s entrepreneurship education. At this backdrop, this paper tries to explain the need for a comprehensive formal system of entrepreneurship education against the present scenario. Keywords: entrepreneur, entrepreneurship, entrepreneurship education
Transcript of Entrepreneurship Education in India. (7min)
Introduction: Introduction: Entrepreneurship Entrepreneurship
Perceiving an opportunity over an idea/model and creating a organisation.
Main aim: Wealth creation and employment generation.
Indian markets –more competitive and brands –more acceptable.
Contribution of entrepreneur through business start-up – contribute 6%-8% of national GDP in USA
Context: Survey by EDII, Ahmedabad, 2003- young
entrepreneurs -lack knowledge in starting the business. -lack formal training and education.
Challenges: Mis-match between supply of graduates
and skills required by employers. Cultural & financial constrains. Insufficient government capacity. Public – private Participation.
Positive practices of today’s Entrepreneurship Education: TiE – knowledge driven and metro cities
networking. NEN- entrepreneurship week- networking
with institutes. Pan IIT- entrepreneurship movement.-
alumni gathering. TIDE- Technology Incubation
Development of Entrepreneurs- 25Cr.- 25-50 lakh/ start-up /2 years.
MoST- STEP-Science & Technology Entrepreneur Park in 1984, with ICICI,Ifci.
Present Demands of Entrepreneurship Education:Eradicating Myths:
Entrepreneurship cannot be taught. Only outstanding and academically
brilliant people can become good entrepreneurs.
Entrepreneurship can be taught just like an MBA program.
Skill development programs teach entrepreneurship.
Anyone can become an entrepreneur by formal education.
Acknowledgement perception:
Deficient Courses: G.B.M education has no influence over
entrepreneurship propensity.(Hostage & Decker,1999)
English language skill- global participation.
Industry backed Certification. Idea presentation skill. Example: UK- BA (Hons) in Enterprise
and Entrepreneurial Management.2005
Source: EY G-20 Entrepreneurship Barometer 2013
Report Card:
Pillars of Entrepreneurship
Score India’s Rank among G20 Countries
Access to funding 5.48 11
Entrepreneurship culture
4.95 11
Tax and regulation 4.39 19
Education and training 3.49 20
Coordinated support 5.76 5
Didactics: Use of theatre. Expert teaching team Innovative delivery
methods. Innovative forms of
assessment.
Failure– “Chalk & Talk”
No-rote learning, Original thinking.
Career options. Enquiring minds.
Networking : Technical Terms: Powerful Servers. Broadband networks
with gigabyte capacities.
Individual Terms: Educators. Business tycoons Entrepreneurs- both
Failed and Successful.
Public-Private Partnership: Knowledge Commission report of 2008-
54% of entrepreneurs or graduate qualified.
Tertiary institutions- picking up.-private participation.
Azim premji- educational foundation. TATA- foundations & BITS, Pilani Few examples of institutions with
successful Private establishment with Public sector support.
Some of the other needs are…
Conclusions: Doesn’t only teaches- business/economy
working but- way of thinking-approaching.
Building something from practically nothing.
Translating Ideas into Business Models. Relevant and Engaging life skill. Learn to invest in themselves. Even while working elsewhere the have
options. More independent.
References: Rehman, Elahi. “ Entrepreneurship Education in India –
Scope, challenges and Role of B-schools in Promoting Entrepreneurship Education” International Journal of Engineering and Management Research, Vol. 2, Issue-5, ISSN No.: 2250-0758 Pages: 5-14, October 2012
Kunkel, “Consultant Learning: A Model for Student Directed Learning in Entrepreneurship Education”, Journal of Management Education, April 2002.
Cheema D.S, Does education make you a better entrepreneur? (online)
EY G20 Entrepreneurship Barometer 2013, Annual Report.\
Web Sourceshttp://www.kolumbus.fi/auojala/def.htmhttp://iie.nic.in/ppp.htmlhttp://www.knowledgecommission.gov.in
Any Questions/Queries… ?
THANK YOU.
