Entrepreneurial India

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A short analysis of trends amongst Indian entrepreneurs

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Entrepreneurial India

  1. 1. India: 10 Insightsinto Indian entrepreneurs
  2. 2. Asia 5 Bringing you a flavour of business trends in Asia...in just 5 minutes A Futures Coaching initiative www.futurescoaching.com
  3. 3. huge successesThere are 26 self-made billionaires in India with a net worth of $80bn (source: Forbes)List includes: Gautam Adani, Sunil Mittal and Narayana Murthy
  4. 4. certain growthSome reports suggest up to 80% of students wish to start up a tech businessIncentives are low capital requirements & sector know-how
  5. 5. new venuesFormal and informal entrepreneurial forums are springing up everywhere with active stakeholder participation Once in a while events are now regular happenings
  6. 6. more support Rapid rise of venture capital, business angels and growth incubators e.g. 5 years ago there were two groups of angel investors; today there are 10+ (Source: Express Buzz) Rapid increases in mentoring, international tie-ups, studytours
  7. 7. key focus Entrepreneurs concentrate on Indian market constraints i.e. frugal and reverse innovation to provide low cost solutions for Indians – whilst undercutting Western firms
  8. 8. key sectorsHi-tech obviously but also bio- tech and life sciencesHowever, some of the biggest entrepreneurs made their money in Indian real estate and the media
  9. 9. clever hiringIndia has second largest pool of science and engineering graduates in the world and churns out 2.3m per year (source: Ernst and Young)However, entrepreneurs such as Sridhar Vembu (of AdventNet), hires clever youngsters from lower classes that others disregard
  10. 10. not good enough, yetIn terms of patents, India is 10 years behind the ChineseWhilst 60% of Chinese patents are by Chinese companies,only 20% in India are filed by national companies (the rest are MNC)
  11. 11. missingIndian entrepreneurialism is missing the kind of support that high class academia provides in the USAMeanwhile, PhDs are less valued than MBAs leading manyof the brightest scientists to go abroad and never return
  12. 12. more productspleaseFew Indian entrepreneurs have been able to build a true product company out of India Mostly Indian entrepreneurs have focused on services,customising software, adding manpower to sell customer- specific solutions
  13. 13. LONDON • PARIS Website: www.futurescoaching.comBlog: http://futurescoaching.typepad.com Email: chris@futurescoaching.com

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