the entrepreneurial university
TRANSCRIPT
The Entrepreneurial University / College
K. RajaramanDirector, Entrepreneurship Development Institute
www.editn.in
Entrepreneurship as a Competency set
Entrepreneurship as “the dynamic, interaction between entrepreneurial attitudes, Entrepreneurial abilities, and entrepreneurial aspirations by individuals, which drives the allocation of resources through the creation and operation of new ventures.”
In short, entrepreneurship can be felt, measured & grown!
Joseph Schumpeter : Theory of “creative destruction” Innovators & New firms unleash
creative destruction
Importance of Entrepreneurship & Innovation
Importance of MSMEs & Startups
Young firms with innovative technology have the highest potential capacity to generate a large number of jobs.
EU : 60% jobs accounted for by SMEs. Germany : 80% jobs come from SMEs. S. Korea : 90% jobs generated by SMEs.
Importance of MSMEs & Startups
In India, the MSMEs employs 40% of the workforce. Has huge potential
By 2020, 63% of India’ s population will be of working age.
Low entrep rates : Only 0.09 companies were registered for every 1,000 working age person
84.79 lakh job seekers, which includes 18.05 lakh undergraduates and another 6.13 lakh postgraduates.
Over 3.3 lakh engineering graduates await jobs
1.71 lakhs are engineering graduates. 1.59 lakh are engineering PGs.
Tamil Nadu Scenario 2014
What kind of entrepreneurship should HEIs promote ?
Source: Global Entrepreneurship Index 2016
Where are We ???
Is Entrepreneurship for everybody ?
95% will go as managers PECs help students become intrapreneurs –
think and act like the owner of your company
PECs help students see, seek and grab the best opportunities
PECs help students take risks ad manage them
5% will become entrepreneurs
We will see as to how PECs help business owners
What options do students from families in business have in HEIs? Do HEIs prepare them for such responsibility? Should not colleges be inclusive and sensitive to requirements of such sections ?
Should HEIs discriminate against aspiring entrepreneurs (5%) and be an entirely placement led institution?
Why entrepreneurship in Colleges ?
Entrepreneurship is about competencies (attitudes+abilities+aspirations). Would not education be meaningless if it does not lead to competency development ?
Will not entrepreneurial competencies be of use for the 95% who do not aspire to become entrepreneurs at this point of time, given that employers prefer entrepreneurial (intrapreneurs) employees ?
Why entrepreneurship in Colleges ?
Strategic initiative 1 – Increasing the share of manufacturing in TN economy
Strategic initiative 2 - Making SMEs vibrant
Strategic initiative 3 - Making TN Knowledge Capital and Innovation hub of India
Tamil Nadu Vision 2023
EDI Vision & Mission
Creation of an aspirational entrepreneurship culture ie., opportunity driven entrepreneurship, NOT necessity driven!
Enhance support ecosystem for entrepreneurs
Launches Innovation and Entrepreneurship Development Program (IEDP) for Colleges (www.editn.in/pages/iedp.html )
Current status
Placement culture (Good, but not enough) Reflect cultural mindset of poor risk-taking Most colleges indifferent to ED & I Colleges conduct EACs, while few
colleges have EDCs & Bis, fewer have incubators
ED&I activities are fund & donor driven and
Not Vision driven
Institutional Vision
Aspirational entrepreneurship culture built up within college by 2017 : Management, alumni/students & faculty
College as a Collaboration hub: between faculties, alumni,local industry, banks, etc.
Supportive ecosystem established in stages within college by 2017
An interim goal : 5 Alumni or students passing out launch own enterprises from 2018 ….. ?
From Events to Processes...
Plan and implement these three interlinked
processes :
College E&I Ecosystem Enhancement
Processes
Faculty & Student E & I Competency
Development Processes
Faculty & Student Innovation Promotion
Processes
Ecosystem Enhancement Process
ED & I Vision :: Buy-in from management & all faculties for long-term ED&I processes, resources
Partnerships: College ED&I Council with successful entrepreneurs & alumni, local bankers
Breaking down silos: Faculty training on E&I across ALL faculties
Institution E&I Policy: Policy and Incentives for faculty and Students
College E&ICouncil
ALL FACULTY
BanksAngels
VCs
SuccessfulEntrepreneurs
LocalAlumni
R&D LabsCSIRICARICMR
LocalIndustry
MSMEs & Large
Industry
MentorsRetired
Entrepreneurs,Researchers
bankers
Tech Transfer Office (TTO)IP Advisors
BIRACGITA
NSTEDBDEITY
College E&ICouncil
ALL FACULTYR&D Labs/COE
Incubator
StudentsE&I Club
TH
E S
TAR
TU
P C
OL
LE
GE
ECDP : Year 1 (Those interested – 10%?)
Process to commence in 1st year for students of all faculties & alumni (final year is too late)
Entrepreneurship Awareness Workshops Competency assessment self tests E&I Courses : Design Thinking, Innovation,
Entrepreneurship, with participation credits Successful STARTUP entrepreneur Interaction E-Club membership (only on signup). EVERY
CANNOT BE AN ENTREPRENEUR
ECDP : Year 2 : 5% group
Online Courses : NEN MOOCs on Design Thinking, Entrepreneurship, Innovation, Creativity (NENonline.tv)
Run-your-company programs Business idea competitions Business Opportunities Workshops Internships in Successful STARTUPs Business case challenge competitions
ECDP : 3rd and Final year :: 1% group
Seed funding : Idea to POC Prototyping & Test marketing Product marketing plan Business Plan preparation (alumni/other
entrep. /Students) Financing workshops & tieups Business launch
College Innovation Policies (KTU/GTU) Student & Faculty E & I Policy
E&I electives (Entrepreneurship, Design Thinking, etc) with credits for E&I activity (Online/offline)
Innovative & relevant PRODUCT work (project work) Incentivise R&D, publication & patent filing by faculty Faculty permitted to take board/equity positions Faculty & student enterprise sabbaticals permitted
IP Policy IP creation & commercialisation given importance IP value sharing policy (institution, industry, faculty,
student) Financial Support for IP registration
College Innovation Attitudes
Business & Value orientation Allow innovation mindsets Multi-disciplinary teams (joint R&D teams
from medical college, engg college, management faculty etc)
Allow for & learn from failures
College Innovation Focus
Focus on applied, translational & joint research
Strong connection to local economy: Farmers associations, Womens groups Research centres : IICPT, NRCB, .. Industry, Business Associations
Annual ideation contests with local players to identify problems & opportunities
R&D focus on local & regional problems SME problems → competitiveness & quality Urban problems → Smart liveable cities
Innovation Infrastructure
Attract top PhD faculty Adjunct faculty from Industry Strong research labs and
programs Inter-disciplinary research teams R&D labs plug into incubator Industry partnership (Research,
Adjunct faculty, Funding)
Innovation Infrastructure
Innovation spaces : Fablabs, Biohacker spaces
Technology Incubators Get in Technology Innovators Seed & Angel funding tie ups IP training and advisors
Innovation Funding
Consultancy assignments from Industry CSR grants from Large companies Startup Action Plan 2016 Atal Innovation Mission (NITI Aaayog) BIRAC / NSTEDB / DEITY Programs GITA (joint projects with MSMEs) MSMED (GOI) Programs State Innovation Fund
ENTERPRISES LAUNCHEDLife Sciences – 5,
Manufacturing – 10 Services – 25IT & IteS – 10
(Students – 10, Alumni - 40)
Tomorrow ….
Desired outcome : Hi Quality NOT numbers!!
Vignesh Janakiraman Director at Plasmatech
Solutions Pvt Ltd C/o VIT Incubator Efficient recovery of
valuable proteins from human plasma
IP developed @ VIT PhD @ Université de Bordeaux
Desired outcome : Hi Quality NOT numbers!!
Lakshmi & Venkat R&D @ PSG STEP Aries Biomedical is the
R&D service provider in the field of Biomedical and Biotechnolgy. We have indigenous product to monitor NCD diseases in the form of Remote diagnosis and wearable technology.
Desired outcome : Hi Quality NOT numbers!!
Dr. Kavitha PhD FIB-SOL @ IITM BioIncubator Liquid bio fertilizers
(LBF) and Fertilizer carrying membrane (FCM) are the two products developed at FIB-SOL, which, comprises of microbial formulations
Getting started
We can get started by supporting proven businesses
orfamily businesses
by students or alumni
Way forward
Form a E&I Council – bring in top partners Announce a E&I Vision & Policy Revamp internal processes by removing
blockades to E&I Monitor outcomes
Outcomes
Sl Outcome Indicators
Entrepreneurship
1 Number of Startups currently being incubated within HEI
2 Seed capital grants or angel funding arranged for startups in HEI
3 Current employment by enterprises under incubation & graduated
4 Gross annual turnover of enterprises under incubation & graduated last year
OutcomesInnovation
1 Number of patent families filed in more than 2 offices
2 Number of patents that have been incubated into enterprises
3 Number of patents licensed to external industry
4 Royalty revenue from patents commercialised
Regional Economic Development
1 Number of local MSMEs being assisted currently in problem solving or technology support
2 Industrial Consultancy Turnover last year
The ultimate goal: A Regional Ecosytem HubJeff Immelt, Chairman GE,
on MIT“Culture and attracting the right talent are also why we are moving from suburban Conecticut to downtown Boston. Its an
ecosystem made by and for innovation. In Boston, we can be challenged by a doctor from MassGen or a student from MIT. We
need to be in this environment.”
Thank You!
http://www.editn.in/Entrepreneurship Development Institute of Tamil Nadu
(An autonomous society of the Government of Tamil Nadu)Parthasarathy Koil Street,
SIDCO Industrial Estate, Guindy,Chennai-600032 TN INDIA
Twt: https://twitter.com/edichennaitn, https://twitter.com/StartupTNGOVFbk: https://www.facebook.com/EDITamilNadu/
Tel : +91-44-2225-2081/82/83/84