entrprenuership

Entrepreneurship + Incubation = Innovation

+ Wealth Creation

Three Central Questions

•Can Entrepreneurship be taught/studied?•What is Entrepreneurship?•Who is an Entrepreneur?

Entrepreneurship

Entrepreneurship is the practice of starting new business enterprises

What is Entrepreneurship

What is Entrepreneurship

•An Approach to management that starts with opportunity•Not just small companies•Not just start ups•Not simply promoters

Entrepreneurship is

•A process•Not a person

•About BIG companies that happen to be small

•Not about small business

•Important to BIG business

Entrepreneurial Process

Identify Opportunity

Acquire Resources

NeedSolutionAdvantage

Technology rightsPeopleMoney

Entrepreneurship Bridges the Gap

Technology / Opportunity

Entrepreneurship

Value

The Entrepreneurship Task

•Key Resources–Technology–Money–People

The Entrepreneurial venture

CashFlow

Time

I II III IV

Pure Entrepreneurship

FOUR PERIODS of DEVELOPMENT


Period I: “Pure Entrepreneurship”

•Defining the concept of the business•Gathering financial resources•Assembling the startup team•Identifying customers•Analyzing the competition•Building the prototype•Getting your first ‘customer’


CashFlow

Time

I II III IV

Strategic focus



Period II: “Strategic Focus”

•What business aren’t we in?•IMPLEMENTING the business we are in•Knowing better than ANYONE else:

•What will people pay•How many will they buy•How to distribute•How to service the customer

•Identifying strategic partners•Developing relations with suppliers•Going beyond the prototype to a truly scale able

product•Recruiting a complete team•Raising ‘institutional money’


CashFlow

Time

I II III IV

“System Building”



Period III: “System Building”

•Financial control•Stable division of labor•Reporting relationship and authorities•Developing systems of internal control•Formalizing the terms of a sale•Operational systems

–Production, outsourcing–Distribution, sales–Service, warranties


CashFlow

Time

I II III IV“Corporate management”



Period IV: “Corporate Management”

•Hiring “outsiders”•Going public•Adding the follow-on product[s]•Shedding those who can’t keep up•Formalizing the culture•Rationalizing the strategy

Who is the Professional Entrepreneur

CashFlow

Time

I II III IV

Visioning the Future in the present

Zone of collaboration

Zone of competition

Who is the Professional Entrepreneur

Personal Entrepreneurship Style

•Entrepreneurship is a Team sport–Many can play – even if they are not ‘born’

entrepreneurs•Three modes

–Lead–Follow–Execute

•Three Functions–Create–Manage–Innovate

•Which role is right for you?

Personal Entrepreneurship Styles:Modes: Leads or Follow

High Performance entrepreneurial teams are:

•Self organizing•Flexible•Self disciplined•Common goal•Common priorities•Common values•Enabled by shared ownership

Same people may play different roles on different teams within the same company

Lead

Execute

Follow

Personal Entrepreneurship Styles:Functions: Creates or Manage

Innovation requires a combination of creativity and management – brought by a team

•Creation requires the greatest technical competency•Management requires

technical affinity•Different functions are best

suited for different people•Functions rarely are

exchanged•All collaborate in BOTH

dimensions

Create

Innovate

Manage

Entrepreneurship is a Team SportResults are what count

High performance technology entrepreneurship•Is a BLEND of innovation and Execution

•Requires collaboration and discipline

•It is best performed by a team

•Alignment of incentives directly and dramatically related to the

outcome

Innovation

Entrepreneurship

Execution

What you can’t Study Or We can’t Teach

•Entrepreneurialism•The entrepreneurial “attitude”

–Optimism–Need for achievement–Risk tolerance–Creativity

•Entrepreneurship as a social status•Success as a requirement

Role of Technology Business Incubator in creating innovation & wealth

Business IncubatorBusiness incubators are organizations that

support the entrepreneurial process, helping to increase survival rates for innovative startup

companies.Physical Virtual

PREMISES

THE CONCEPT

AN EXCELLENT HI-TECHBUSINESS ENVIRONMENT

Incubation Process

Discovery Pre-Incubation Incubation Acceleration

Busi

ness

D

evelo

pm

ent

Road

-map

Assessment of business idea feasibility

0…4 months 12…24 months 6..12 months

Start-up planning and preparation

Creation of a solid business platform for business growth

Preparation for acceleration and internationalization

Toward Growth TrackBusiness Ramp-UpBusiness PlanEvaluation

Pre-Incubation

and Kick-offServices

Incubation Contract

Feasi

bili

ty

Stu

die

s Incubation Services

FAST TRACK FAST TRACK

Discovery Pre-Incubation Incubation Acceleration

Identification

Funding Financial Services

Feasibility Studies Mentoring Services / Match Making / Monitoring

Facility / Infrastructure

Softwares/ Business Tools

Networking Services / Consulting services

Entrepreneurial Training, workshop, Seminars

Operation support

After Exit support

Incubation Services

Business Plan Development & Expert Services (Legal, Marketing, IPR etc.)

EAC

BP Competition

Incubatee Selection ProcessApplication Presentatio

nAgreement

Performance So farSNAPSHOTTotal companies incubated 42Under Incubation 17Graduated Success 18Failures 07

Overall success percentage 83%

EMPLOYMENT GENERATED•~100 employees currently in incubatee companies

•500+ employees in graduated companies and growing

ESTIMATED TURNOVER OF COMPANIES•~Rs 3.5 Crore within incubator

•~Rs. 100 Crore graduated companies & growing

Startup manpower: begin with 1-2 and expands to 7-9

Revenue: start with proof of concept ( 0 revenue)

Startup capital: personal savings, family and friends•Best Technology Business Incubator Award 2004

•SEED Fund support to 5 companies (Equity/Soft Loan)•MSME Funding support to 8 companies•4 Alumni's Companies

LEVEL 1

Entrepreneurs Statistics So far

Below 30 Yrs16%

30 - 40 Yrs60%

Above 40 Yrs24%

49% of the promoters have technical qualification (B.Tech / M.Tech) and 80% are either technically qualified or have an MBA.

AGE WISE WORK EXPERIENCE

QUALIFICATION

More engineers are opting for entrepreneurship sacrificing higher salaries in an employed job

Entrepreneur Citizen Human

Who is Next ?

Thank you

Contact us : [email protected]

Mob: 9818249599

entrprenuership

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