April 8 icrisat
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April 8 icrisat

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April 8 icrisat April 8 icrisat Presentation Transcript

  • Introduction to Business Incubation Professor K Ramachandran Indian School of Business Gachibowli, Hyderabad
  • Low Criticality High Criticality High Discontent Low Discontent What is a good opportunity
  • Market opportunity Financial Attractiveness Strategy (source, cost, availability, adequacy) Marketing Attractiveness Strategy (size, Entry, Sustenance) Entrepreneurial Capability Strategy (Attitude, Skills, Knowledge pool/network – individual/group) Technical Attractiveness Strategy (Existing/new technology and products/services)
  • Motivaton Attitude Opportunity Idea Planning Start - up Growth Stabilisation FLC and Capability mix at different stages t $ S W O T
  • Labs / Incubators Need Capabilities
    • Business Attitude
    • Business Skills
    • Business Knowledge
    • Mentoring
    • Funds to experiment, learn, improve
    • Facilities
    • Dynamic contact network
  • Mentoring Start ups
    • What are the challenges faced by start ups?
      • Emotional traumas
      • Lack of knowledge in a number of non-technical but critical areas
      • Resource shortage
      • Ability to execute
  • ISB K-Hub – Creating entrepreneurial successes Seed Finance through Germination Fund Develop/ Build Business Strategy Enhance Entrepreneurial Capability Access/ Refine Technology ISB K - Hub Firm Firm success Right product-market choice Right strategies Right mix of resources Knowledge and access to resource providers
  • ISB K-Hub Client entry and progress Referrals from Technology centres Venture capitalists Network partners Direct from Entrepreneurs Incubation Mentoring Advisory Support External Network Partners Evaluation ISB K - Hub BDS Providers Universities R&D Centres Incubators VCs Mentors Angels Consultants ISB Internal K-Hub Staff Student teams Academics
  • Key Capabilities
    • Attitude – Listen, help, stretch, think creatively and positively, flexibility, learning, empathy
    • Skills – Communication, diagnostic, problem solving
    • Knowledge – General Practioner of technology and management
    • Common sense
  • Incubator - evolution 1970s 1980s 1990s 2000s Industrial Estates Industrial Estates STEPs Industrial Estates Industrial Estates STEPs STEPs TBIs/ Specialised Incubators TBIs/ Specialised Incubators Virtual Incubators
  • Thank You