This focusses on how can entrepreneurship be nurtured within the education system . The curriculum and pedagogy changes that may be required to bring about the change

1. Nurturing Entrepreneurship
in Education
Dr. Nandita Sethi
Founder & MD
“ Most of what you hear about entrepreneurship is all wrong. It’s
not magic; it’s not mysterious; and it has nothing to do with
genes. It’s a discipline and, like any discipline, it can be learned.”
Peter F. Drucker

2. Mindset by Caroll S Dweck
The Expectation Effect
During the 1964-1965 school year, Harvard's Robert
Rosenthal conducted an experiment in an elementary
school to see whether teacher expectations influenced
their students' performances. Teachers were told the
names of children in their classes who were "late
bloomers," about to dramatically spurt in their academic
learning.
WHAT WAS THE RESULT?

3. TEACHERS ARE GENERALLY
CONSIDERED TO BE THE
MOST INFLUENTIAL
ACTORS IN EDUCATION.
Which role a teacher takes in the
classroom and in shaping the
students’ learning environment
heavily depends on his/her views on
knowledge and learning theories,
which, in turn, are associated with
his/her professionally related
perceptions and attitudes.The
learning environment and the role of
the teacher in shaping it are crucial
aspects in this.

4. Research on divergent
thinking
In 1968, George Land conducted research to study the
creative development and capacity for divergent thinking in
children, using a similar test to the one devised to identify
innovative engineers and scientists for NASA.
He tested 1,600 children intermittently at
Age five - 98% had divergent thinking
Age ten – 30% had divergent thinking
Age 15 year – 12 % had divergent thinking.
Same test was given to 280,000 adults
Adult - the result was just 2%.

5. Entrepreneurial challenge
Reid Hoffman - Founder of LinkedIn
“One of the metaphors that I use for startups is
you throw yourself off a cliff and assemble an
airplane on the way down.”
You can’t expect to assemble the plane alone;
that’s where good mentors can help

6. College campuses are where the best dreams and the
finest startups take wing. Google, for example, was
created at Stanford; Facebook at Harvard. But here in
India eager youngsters who want to start out on their
own find that there is little support to turn their
entrepreneurial dreams into reality.
Krithika Krishnamurthy, ET
Bureau
Dec 6, 2013,
Becoming a startup nation: India must start paying attention to college
campuses

7. College campuses are where the best dreams and the
finest startups take wing. Google, for example, was
created at Stanford; Facebook at Harvard. But here in
India eager youngsters who want to start out on their
own find that there is little support to turn their
entrepreneurial dreams into reality.
Krithika Krishnamurthy, ET
Bureau
Dec 6, 2013,
Becoming a startup nation: India must start paying attention to college
campuses

8. Massive changes in Educational
Sector
Role of a teacher has taken a paradigm shift. Teacher’s Role as
information provider is practically ended. What’s going to be
important is the delivery of information.
Online world has reduced the need for attending a physical class
itself. MOOCs are becoming a norm
While technology will change the way a traditional classroom is
envisioned, the human factor will continue to be important”
So a teacher and institutions in their present form are soon going to
be outdated if they don’t undergo a metamorphosis. Teachers now
will be looked at more as Mentors & facilitators and coach.
Education is moving from being focused on job seeking to job
creating

10. What do we need, to
nurture Entrepreneurship
1. Change the Academic environment of the education
system.
2. Add Entrepreneurship programs – both F2F and online
3. Curriculum changes
4. Pedagogy changes- The delivery mechanism of the faculty
5. A good incubation infrastructure/program
6. Networks & Collaborations - Business & Industry; Govt
and Support Institutions; Financial & funding Institutions
connect; Incubators and Accelerators, NGOs, Co-working
spaces

11. 1. The Education Environment
• Higher focus on entrepreneurship creation rather than only placements
• Integrating a culture and content of entrepreneurship in all programs
• Strong and vibrant ED Cell and incubation infrastructure.
• Open to tie-ups and collaborations with stakeholders in the Startup
Eco-system for designing, handling, investing, mentoring and
managing such programs
• Creating business opportunities on campus for students.
• Give a provision of failure startups to come back to placement within an
year
• Tie up with Govt bodies supporting entrepreneurship (NIESBUD,
NIMSME, etc)
• Faculty and B-School can be part of the startup as stakeholders (like
IIT Profs and IITs)
• Taking pride in startups from Campus ( Like Harvard takes pride in FB
and Stanford in Google). Keep good connect with Alumni startups

12. 2. The Entrepreneurship
Program
• Entrepreneurship as an Elective in MBA ( existing in most
B-Schools )
• MBA- Entrepreneurship/ Family Business (very few like
EDI, ISB, IIMs, XIME, Woxsen, )
• Short Term programs (6-months) in
Entrepreneurship/Startup Management (IIE, NIESBUD,
NSIC, NIMSME, SISI, SIDO, NSTEB, MSME etc)
• Accelerator programs ( 4 - 16 weeks) ( Founder’s
Institute, Upgrad online Prog; TEZ Accelerator prog, TiE
programs)
• Area Specific Entrepreneurship programs (2 - 4 weeks)–
Agri-business, Health Tech, Fin Tech, Clean Tech, Digital
Technologies)

13. Educational Programs
Various Entrepreneurship Programmes Offered by various institutes in
India

14. 3. Curicullum - Key learning
outcomes
• Identify and
recognize business
opportunities
• Assess an idea in
terms of feasibility –
idea Validation
• Write a business
plan
• Identify steps in
business start ups
• Acquire the basics of
financial literacy
• Make a Team
• Develop basic
marketing skills
• Integrate Technology
• Brand the business

15. Curriculum in accordance with Life
cycle stages of an entrepreneurial firm

16. 4. Pedagogy changes
 Changes in teaching methods:
experiential learning, teacher as a
facilitator, coach, moderator, mentor
 Changes in education context: take
students out of the classroom (into
local community and real businesses)
 Combine a mandatory cross-curricular
approach with a selectable training as
a specific subject

17. Pedagogy changes ….
Contd
Innovative pedagogical approaches and
learner friendly activities
• Group projects
• Case study of successful and failed
entrepreneurs
• Role play
• Site visits
• Interactive sessions with entrepreneurs
• Project based assignment
• Campus based business opportunities

18. 5. Incubation Program 26
Incubation Cycle
Application for Incubation
Selection of incubatees
Signing of MoU
Formation of a business plan , enterprise
Periodic assessment of incubatee
Graduation of incubatee

19. Incubation
Program….....contd
• If the startup is at a level where the basics are met, you
can enroll them into an Incubation program (6 months –
1yr)
• Essentially this would mean giving them
i. working space and virtual space, and equipment (in
case of Life Sc startups & Tech startups)
ii. Allotting a relevant faculty or industry mentor
iii. Some training sessions mandatory
iv. Support services – Prototyping (3D Printing), IP
Patenting, Website creation, marketing & branding
v. Networks and connections.

20. • WHO SET-UPS INCUBATORS?
• Government / Funds . E.g. DST, State Government, MSME
• Communities – E.g.. Municipal Incubators
• Universities – E.g.. IIT, IIM, ISB foremost, even has a large tech
park near campus
• Private Businesses – E.g.. Startup Village, Microsoft Ventures (
for profit),
• Within Businesses – E.g.. Paypal, Target, Facebook, Amazon,
TCS
20
15th Nov’ 2015
Incubation
Program….....contd

21. • TYPE OF INCUBATORS
• Information & Communication Technology (ICT)
• Bio Technology New Materials including Nano
Materials
• Instrumentation and Maintenance
• Manufacturing and Engineering Design and
• Communication (Media & Infotainment)
• Health and Pharma
• Agriculture and Allied Fields
• Energy and Environment
21
Incubation Program….....contd

22. 6. Networks & Collaborations
• This will be the most critical factor for the success of the
program
• Networks with
i. Entrepreneur Groups – TiE, BYST, GIT, NEN
ii. Industry/ Orgns - Biocon, Dr. Reddy’s, TCS, Infosys, Walmart,
iii. Industry/Entrepreneur Groups – CII, FICCI, NASSCOM, BNI
iv. Investor Groups – Indian Angel network, Mumbai Angels,
Sequoia, Kalaari Capital, Parampara Cap,
v. Govt Institutions – NIESBUD, NMSME, SIDBI, NSIC, SIDO
vi. NGOs – COWE, Ashoka, National Social Entrepreneurship
Forum, UnLtd India, Villgro, Action for India, Deshpande
Foundation, RTBI (IITM), DASRA, etc

23. PARTNERSHIPS AND
STAKEHOLDER
ENGAGEMENT ARE
REGARDED AS A
PRE-REQUISITE FOR
ENTREPRENEURSHIP
EDUCATION STRATEGY
because of the link to real life
that Entrepreneurship
Education aims to achieve
and the priority it places on
experiential learning.

24. 7. Parental Support in Venture Creation
• Onboarding parents is imp esp for student startups
• Family run businesses also need family support
• B-Schools can help in creating Family constitutions,
etc (ISB is in the forefront of family business
Constitutions)
• Family run businesses can also support academic
programs on entrepreneurship

25. Examples – Entrepreneurship
programs
• ISB: Indian School of Business – Program on Entrepreneurship &
Family Business; D-Labs- support them with financial assistance and
space
• NS Raghavan Centre for Entrepreneurial Learning – IIM Bangalore - This
institute carries out international collab. projects.
• IIM- Calcutta- biggest Plan contest in Asia -i20I- Ideas to implementation
in association with Yale Univ-Yale entrep society
• Indian Institute of Science ; Society for Innovation and Development (
SID) - project called SuTRA ---sustainable transformation of Rural Areas
which uses non edible oils from indigenous neem trees as a substitute
for fuel generation.
• SP JAIN'S GLOBAL FAMILY MANAGED BUSINESS –GFMB (focuses
on tranforming family business through Big Data, Neuroscience and
Digital Marketin)g & GOMP – for 1st
• NMIMS: conducts a 2 year full time programme on family business

26. Examples - Programs
–Non Traditional
• TiE – Woxsen – Accelerator program
• Walmart- Amity Business School - WEDP
• Mahesh Foundation – SP Jain – Family Business
Program
• UpGrad – Ronnie Screewala – Online Entrep. program
• Ashoka- Social Entrepreneurship program

27. • NSRCEL, IIM Bangalore
CIIE, IIM Ahmedbada
SINE, IIT Bombay
TBI, BITS Pilani
• TBI, VIT
SIDBI Innovation & Incubation Center, IIT Kanpur
• Rural Technology Business Incubator (RTBI), IIT
Madras
GINSERV JSS Institutions (Mysore, Noida)
MICA (Advertizing) Com-Cubator ,MICA Ahmedabad
TREC STEP, NIT Trichy
MITCON, Biotech Center
NDBI (Design Incbuator), Ahmedabad
SP Jain Institute of Management Research Center,
Mumbai
AMITY Innovation Incubator,Noida
• ICRISAT- AIP- Agri-Business Incubator
Examples
Incubation Facility (Institutes)

28. • Jaaga (www.jaaga.in)
• The Morpheus (themorpheus.com)
• Start-Up! (www.startup-india.org)
• Springboard Xchange
Ventures (http://www.springboardventures.c...)
• UnLtd India (www.unltdindia.org)
• Villgro (http://www.villgro.org/)
• Technopark,
SpringBoard ,Trivandrumhttp://www.technopark.org/spring...
)
• TLabs, Delhi/NCR (http://tlabs.in)
Examples
- Incubation Facility ( Non-
Institute)

29. Examples
Networks (Academic)
The National Entrepreneurship Network (NEN) is a
network of academic institutions across India performing
research & developing and delivering world-class
education, skill-building programs, networking activities
and company-starting assistance to new, high-growth
entrepreneurs.
The five NEN Partners are:
˃ Birla Institute of Technology and Science- Pilani
˃ Indian Institute of Technology- Bombay
˃ Indian Institute of Management- Ahmedabad
˃ Institute of Bioinformatics and Applied Biotechnology - Banglore
˃ S P Jain Institute of Management and Research- Mumbai

30. Examples
Networks (Entrepreneur)
Refers to association formed by successful
entrepreneur where by becoming member of
such association fresher's will get some
guidance and assistance to start up their own
business.
» E.g. TiE : The Indus Entrepreneurs was
founded in silicon valley in 1992 by successful
entrepreneurs and professionals in country.

31. Examples
Industry- Academia interface
Biocon Ltd and Indian School of Business (ISB) have
launched a cell for innovation management.
Hewlett-Packard (HP) India announced the winners of
the second annual edition of ‘HP innovate 2009’. The
award has been instituted to recognise and reward
outstanding creative ideas of young engineering
graduates in India
Walmart has started a program for Women
Entrepreneurs – WEDP- in association with
WEConnect International, TTC Global and Amity
University.

32. Examples
Govt. Institutions
Government institutions for supporting entrepreneurship.
i) National institute for entrepreneurship and small business development (
NIESBUD )
ii) Entrepreneurship development institute in India ( EDII )
iii) National Institute of Small Industry Extension Training (NISIET)
iii) Indian Institute of Entrepreneurship (IIE)
iv) Small Industries Service Institutes (SISI)
v) Small Industries Development Organisation (SIDO)
vi) National Small Industries Corporation(NSIC)
vii) National Alliance of Young Entrepreneurs (NAYE)
viii) National Science and Technology Entrrepreneurship Development
Board( NSTEB)
ix) Innovative entrepreneurship development centers (IEDC)
x) Science and technology entrepreneurship development centres (STED)

33. Examples
Support Institutions
• Nationalized Banks
• Co-operative Banks
• Small Industries Development Bank of India (SIDBI)
• Industrial Development Bank of India (IDBI)
• Industrial Credit and Investment Corporation of India
(ICICI)
• State Financial Corporation (SFC)
• National Bank for Agriculture and Rural Development
(NABARD)
• Khadi and Village Industries Commission.

34. Examples:
Faculty - Student Collaborations
Many faculty members across universities in India are now
working with start- ups either independently or collaboratively
with students and co-faculty members.
Faculty members of IITs from across India, including
Bombay, Delhi, Madras, Kharagpur and Hyderabad, are
leading the trend of joint start-up collaboration.
IIT Madras has so far incubated 19 companies where faculty
is involved. 30 of the 89 tech start-ups spawned at IIT
Madras have faculty members as founders or minority
shareholders.
About 40% of the incubated companies at Society for
Innovation and Entrepreneurship (SINE), IIT Bombay are
student-faculty projects.
IIT Hyderabad has two successful start-ups which are joint
ventures between students and faculty.

35. Reasons for
Entrepreneurship
Development Gap
Reasons for the identified gap are:
• ineffective teaching methods;
• entrepreneurship is not included in all parts of the
Curriculum
• limited participation of students;
• inadequate teachers’ competence;
• lack of involvement of business people;
• the practical element is missing;
• entrepreneurship is not linked to specific training subjects
on professions.

36. Summarizing - The Role of Higher
Education Institutions in Fostering
Entrepreneurship
• Entrepreneurship both as a core course and as
an imp. part of other programs
• Refining Techniques of Entrepreneurship
Education
• Selecting the eligible students and faculty
• Structured mentorship programs, short courses
or other forms of training – under ED cells,
Entrepreneur experience sharing

37. Summarizing …....contd.
• Institutional partnering with organizations (Govt and
pvt) undertaking to set-up incubators within and
outside the campus (eg. DST, Microsoft, Infosys, etc)
• Encourage Collaborations with national and
international institutions for global joint
Entrepreneurship programs and exchange programs,
and joint research in entrepreneurship
• Collaborations with entrepreneur orgns and industry
for joint courses, mentorship progs and internships.
(TiE, BYST, GIT, NASSCOM, CII)

38. ENTREPRENEURSHIP EDUCATION FOR AN ENTREPRENEURIAL
n
is
Communication
Collaboration
and Leadership
Critical Thinking
and Problem
Solving
Digital
Literac
y
Creativity and
Innovation
Lifelong Learning
Self-Direction
and Personal
Management
Social
Responsabilit
y and
Cultural,
Global and
Environmental
Awareness
21°
CENTURY
LEARNER