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.