Fostering Innovation and Entrepreneurship through

university education in India.

Long Road Ahead

By Prof. S R MustafaHead – IMS Center for Innovation Incubation and Entrepreneurship

Who am I ?

● An Entrepreneurship Evangelist● Startup and Incubation Expert● Mentor of 35+ startups● Awardee of Best Incubator Manager SSATE-

STEP● Founder of three enterprises StartupActivator,

Kisanalya, The Employment Horizon● Board of Advisor of 3 growing venture Openlabs,

TechAhead and Thinkware● Curator of TESS – The Entrepreneurial Student

Society of India● Member of CSI, TiE, NASSCOM● Panel Evaluator of Power of Idea Economics

Times and IIMAhmedabad● Head of IMS Center for Innovation Incubator and

Entrepreneurship.

Passionate to nurture startups and empower academic institutions for fostering innovation and entrepreneurship for creating wealth for the society.

Grounded Feet and Clouded Head

Prof. S R Mustafa

By Prof. S R MustafaHead – IMS Center for Innovation Incubation and Entrepreneurship

Fostering Innovation and Entrepreneurship through university education in India.

Objective of Study: Journey / Contribution of educational institution in fostering innovation and entrepreneurship so far and future road map. Replication of a successful model in every educational institution for promotion of innovation and entrepreneurship.

Research Methodology: 1. Survey TBI / Educational Institutions 2. Reports FICCI, NSTEDB, IEFB, TBIs, Journals3. Personal Interviews with the head of the institution ( Director / owners) 30+4. Interaction with 1000+ students during training program5. Interaction with incubator managers and incubate companies 45

Total No. of Universities in the Country as on 30.09.2014 Universities Total No. State Universities 322 Deemed to be Universities 128 Central Universities 45 Private Universities 192 Total 687

Total No. of colleges in India is 2012-2013 37,204

Note: Includes Agricultural, Veterinary, Medical, Engineering / Technical and Open Universities.

The total enrollment in all courses and levels in regular stream = 215.01 lakhs

Including 93.06 lakhs women students, constituting 43.28%.

Out of the total enrollment of students (215.0 1 lakhs), 37.94% in the faculty of Arts,18.56% in Science

17.50%, in Commerce74% enrollment in just three faculties.

While the remaining 26.70% enrollment were in professional faculties.

Engineering./Technology 16.05% Medical courses 3.52%Agriculture and allied occupations just 0.48%Veterinary Science 0.14 %

Findings: The ratio of professional to non-professional enrollment has been almost 1:3 and hence there is a need for an appropriate policy change which may rationalize and reduce the disparity and need to focus on vocationalisation of education to promote innovation and entrepreneurship..

Student Enrollment in Higher Education during the academic session 2012-2013 enrolled in various courses at all levels in universities/colleges and other institutions of higher education

Research Degrees:

The number of research degrees (Ph.Ds) awarded by various universities Total 16,093 in 2010-2011

17631 in 2011-2012

increase of 3.34%.

Faculty of Science had the highest number with 5607 degreesFaculty of Arts with 5642 Ph.D. degrees.

Faculty of Engineering & Technology had topped with as many as 2098 Education faculty with 617 degrees, Medicine faculty with 617Agriculture faculty with 564 degrees

It is observed that there is a slight increasing trend in academic research in terms of number of research degrees awarded by the Universities during 2011-2012 as compared to the figures for the year 2010-2011.

XII Plan Guidelines (2012-2017)

ACCESS

EQUITY

QUALITY

PROMOTION OF TALENT

SKILL DEVELOPMENT

STAND ALONE SCHEMES

To support new ideas and innovations and to start specialized courses in Inter-disciplinary and Emerging Areas, the UGC has been providing cent percent development assistance to the approved departments of universities. Up to 31.03.2013, as many as 87 departments had been identified and approved for support during XI Plan under the Innovative Programme.

A total grant of ` 11.06 crores had been released to the departments of universities during 2011-2012.

Unfortunately there is no scheme talking about support scheme for setting up of EDC / Incubator for promoting innovation and entrepreneurship through university education system.

Patents filed in India

Patent filings have gone up from 28,940 during 2006–07 to 43,674 during 2012–13.

If we look at the patent filing trend from Indian universities, we see that between 2006-12,Amity University had maximum patent applications with 130, followed by IIT-Bombay 109 and IIT Kharagpur 102. In US, one university files over 300 patent applications,"

Patents filed in 2012-13

India filed 43,674 patents

USA 2,68,782

Japan 4,88,744

China 5,61,377

Sources: Patent registration forum and FICCI report.

Incubator - A tool to foster innovation and entrepreneurship

"Business incubation is a unique and highly flexible combination ofbusiness development processes, infrastructure and people designed to nurture new and small businesses by helping them to survive and grow through the difficult and vulnerable early stages of development."

NSTEDB- DST supported

STEP – Science & Technology Entrepreneurs Park 16

Technology Business Incubator - TBI 51

Innovation and Entrepreneurship Development Center IEDC 35

DC-MSME under Development of Managerial and Entrepreneurial skill

Supported institutions 150+

Other Govt supported incubators

NSIC, STPI

Private Incubators

Tlabs, The Hutch, Venture Nursery, 100Ent, Startup Village and many more coming up

Support Eco System in India under various ministries and department.

Country No of Academic linked Incubator

USA 4000+

China 8000+

Korea 2000+

Japan 2800+

INDIA Only 68

A very very Long way have to go....................................

Other countries

VENTURE CREATION~ 2,000 ventures incubated sofar950+ graduated already

SPACE 585,700 sq.ft. of dedicated area

CAPACITY~1,000 hi-tech ventures can be physically incubated at a current occupancy rate of 80%

FOOTFALLS~14,750 high-end innovative entrepreneurs approach Incubators annually

EMPLOYMENT GENERATED~32,000 persons are estimated to be employed by Incubatee and Graduate companies.

TURNOVER GENERATED~ INR 1500 Crores is the combined turnover of Incubatee and Graduate companies In 2012-2013

INTELLECTUAL PROPERTY GENERATED~450 patents / copyrights held

INCUBATION IN INDIAOutcome

IIT BOMBAY - SOCIETY FOR INNOVATION AND ENTREPRENEURSHIPMUMBAI, MAHARASHTRA

Year of establishment: 2005 Host Institution: IIT BombayLegal Status: Registered SocietyThrust Area: IT software incl. Mobile applications, Hardware / Electronics / Embedded systems, Manufacturing (Engineering), Healthcare (Product-based), Energy / Clean technology, Agri-Business (Agri-Products), Rural / Social sector, Speciality sectors (Nano-tech, Design etc.)Space: 9,600 sq. ft.No of Ventures : 115Incubation Duration: 3 yearsEmployment Generated ~1063Turnover generated ~ INR 106 CroresInnovation and Technology Developed: 63 patented / design registration

ORGANIZATION BRIEFThe Amity Innovation Incubator is a concept supported by DST, Ministry of Science & Technology, Government of India. It has, in a very short time of its existence, earned an enviable position for itself with start-ups which have been on top of the innovation curve and have been recognized on platforms like The Power of ideas, Red Herring Global winner, Tata NEN, NASSCOM Innovation and World Education Summit Awards to name a few.

MAJOR ACHIEVEMENTS> 100+ companies incubated (physical & virtual); all showing significant financial and operating growth > Employment generated for more than 3500 people > 42 start-ups established by faculty & students of Amity University> 16 incubatees funded under "Support of Entrepreneurial and Managerial Development of SMEs through Incubators" > Launched virtual incubation in 17 cities including Mumbai, Ahmedabad, Kolkata, Hyderabad, Chennai, Kochi, Bangalore and others> Largest producers of patent in India

YEAR OF STARTING: 2000HOST INSTITUTION: JSS Academy of Technical Education, NoidaLEGAL STATUS: Registered SocietyTHRUST AREA: IT software incl. Mobile applications, Hardware / Electronics / Embedded systems, Manufacturing (Engineering)INCUBATION AREA: 13,940 sq.ft.INCUBATION CAPACITY (No. of Ventures): 25AVERAGE PERIOD OF INCUBATION:1 - 3 YearsEMPLOYMENT GENERATED (Last 5 Years): ~1120

Note: I was the part from early age to 2012 nurtured and scaled up the operation of incubator.

What are the challenges for other institutions for fostering innovations and entrepreneurship?

1. Lack of vision of upper management2. Lack of knowledge and expertise to the Director / Principal level3. No immediate ROI4. Treatment as department which does not suits to the entrepreneurial organization.5. Non willingness among faculties and staff member to take productive involvement.6. Lack of exposure to the startup Eco system7. Non dedicated effort from the top management.

7 steps Solutions sought to overcome the challenges based on the research findings

● Introduction and promotion of EDP as credit module / specialization subjects in the university syllabus and make it more effective rather treating this adhoc optional.

● Funding support from university to establish incubatorFormation of entrepreneurial students society to create a culture inside campus.

● Faculty development training to prepare them for providing facilitation services and mentoring to students by university on regular basis.

● Conduct of innovative activity based productive program on entrepreneurship through the student society and encourage them to strive by own.

● Establishment of separate organization with sufficient facility to provide incubation support ( NSTEDB and DC-MSME support may be taken)

● Creation of initial SEEDFUND by Host institutions for providing initial fund to the aspiring entrepreneurs.

● Unique Business Model of incubator required to be developed to make the TBI self sustainable within a period of Three Years.

Note: Host institution has to take a firm step to setup incubator for fostering innovation and entrepreneurship.

Good News for Incubator …...................................

Incubators play an important role in mentoring new businesses which start as a small or medium business. The new Companies Bill obliges companies to spend 2 percent of average net profits under Corporate Social Responsibility. I am glad to announce that the Ministry of Corporate Affairs will notify that funds provided to technology incubators located within academic institutions and approved by the Ministry of Science and Technology or Ministry of MSME will qualify as CSR expenditure.

Thank you

Do you have any question?Ask or write to

Prof. S R Mustafasrmustafa73@gmail.com

7838204509