Entrepreneurship Entrepreneurs & Startups This is what it takes to create wealth for Good! Prakash B Pimpale CDAC Mumbai
Entrepreneurship: Act of being an entrepreneur - wikipedia defines entrepreneur as one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goodsEntrepreneurs
SkillsTechnical skillsDomain specific hard skills Biz Management skillsCommunication Planning, formulating Entrepreneurial skillsCo-ordinating in team Goals, decision-making, Risk-seekingInterpersonal relations motivating, marketing, Innovation accounting, negotiation Change-orientation Persistence Visionary
How It Goes➢ For some reason you think of starting on your own➢ You get a chance to work on it➢ You start➢ You fail and succeed iteratively➢ You raise funding [Angel/Venture Capital]➢ You scale➢ You sale or you are all set for an IPO
Online forums➢ NASCOM Emerge Community➢ National Entrepreneurship Network➢ Pluggd.in➢ iamstarting – interviews with founders➢ TechCrunch➢ open Coffee clubs / POCC➢ Paul Graham Essays (Y Combinator)
Offline Stuff➢ Magazines : Entrepreneur, DARE, Udyojak (Marathi)➢ Books: Many out there, For starters- books by Rashmi Bansal Read anything and every thing that interests you : An entrepreneur always looks for an opportunity in everything, almost everything!
Government Initiatives➢ National Science & Technology Entrepreneurship Development Board (NSTEDB), DST India➢ Technology Development Board (TDB), DST India➢ Incubators at IIMA, IITB, NCL Pune and many more by TDB➢ National Innovation Foundation – Competitions, Joint Product Development, ideas, Patenting
Why is this right time to start➢ for technology startups – opensource, digitisation, user maturity, funding➢ for non tech startups – low cost processing with automation, focus on core business, consumerism and growing incomes, awareness about the standard of living, funding