Incubators ISBA 2012: Building India's Entrepreneurship Pipeline
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Incubators ISBA 2012: Building India's Entrepreneurship Pipeline

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Sramana Mitra's ISBA 2012 talk

Sramana Mitra's ISBA 2012 talk

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Incubators ISBA 2012: Building India's Entrepreneurship Pipeline Incubators ISBA 2012: Building India's Entrepreneurship Pipeline Presentation Transcript

  • Building India’sEntrepreneurship Pipeline Sramana Mitra Founder, One Million by One Million 1M Entrepreneurs x $1M+ Revenue by 2020 http://1Mby1M.com
  • Entrepreneurship is aDarwinian Numbers Game High Infant Entrepreneur Mortality 600,000 companies go out of business every year in the US But, 600,000 business startup every year as well
  • 99% of Entrepreneurs whoseek Financing get rejected Yes, even in Silicon Valley
  • Why?Not enough Validation Not enough TAM Inadequate Team Poor Positioning etc.
  • But, Silicon Valley has a HUGE Pipeline US too. 600,000 businesses starting up each year. Even with 10% failure, enough succeed.
  • How does India get there? And soon.
  • With Virtual + Physical Incubation By democratizing entrepreneurship education
  • 1M/1M: Virtual IncubatorWe partner with physical incubators
  • 1M/1M Core Focus on Scalable, Effective MentoringMentoring = (Curriculum + Strategy Consulting) Gap in most communities Mentoring Networks Do Not Work
  • Silicon Valley Methodology and Insider Network1M/1M offers all local incubators instant and credible access to the Valley
  • Methodology, Curriculum, Mentoring, Consulting, Biz Dev, Financing, Media Access 1M/1M augments local organization’s offerings
  • Supplement, not Competition
  • Step 1: Virtual Pre-Incubation100% of the entrepreneurs get basic training and support
  • 2012 2013 2014 2015 2016 Physical 20 50 100 200 250IncubatorsEntrepreneurs per 100 200 250 300 400 Incubator Pipeline 2000 10,000 25,000 60,000 100,000 Cost($1000 / yr / $2M $10M $25M $60M $100M member)
  • Step II: Identify the 4%Most Promising Ones Offer them $25k grants
  • 2012 2013 2014 2015 2016 Physical 20 50 100 200 250IncubatorsEntrepreneursper Incubator 100 200 250 300 400 Pipeline 2000 10,000 25,000 60,000 100,000 Grants 80 400 1000 2400 4,000(4%, $25k) Cost $2M $10M $25M $60M $100M
  • 1% Get Financing89% Bootstrap To Profitability 10% Fail 4-years to get to $1M Avg Revenue
  • 2012 2013 2014 2015 2016 Pipeline 2000 10,000 25,000 60,000 100,000Success: 90% 1800 9000 22,500 54,000 90,000GDP ($1M $1.8B $9B $22.5B $54B $90B Avg in 4 in 2016 in 2017 in 2018 in 2019 in 2020 years)
  • 2012 2013 2014 2015 2016GDP ($1M $1.8B $9B $22.5B $54B $90B Avg in 4 in 2016 in 2017 in 2018 in 2019 in 2020 years) Cost $4M $20M $50M $120M $200M
  • ROI: 450X in 4 years
  • India can afford a$300M experiment With 450x ROI potential
  • Physical Incubator: Computer1M/1M: High Performance Chip
  • Physical Incubator: Smartphone 1M/1M: App
  • Plug 1M/1M Onto Your Incubator Sramana Mitra Founder, One Million by One Million 1M Entrepreneurs x $1M+ Revenue by 2020 http://1Mby1M.com
  • Skype Irina_Patterson