The document discusses entrepreneurship development and phases. It defines what an entrepreneur is and their key characteristics like being passionate, hardworking, and innovative. It outlines the different types of entrepreneurship and the process of entrepreneurship development from identifying opportunities to resource gathering, creating the venture, adapting over time with SWOT analysis, startups, funding schemes, and crowd funding. It provides examples of successful crowdfunding campaigns and acquisitions by companies like Facebook. The document is an overview of entrepreneurship concepts.

1. Entrepreneurship Development
Phases
Presented by
Mr. Amos Gamaleal David
Assistant Professor
Department of Mechanical Engineering
Panimalar Institute of Technology, Chennai
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2. Entrepreneur
 The word “entrepreneur” is derived from the
French word ‘entreprendre’, meaning, “to
undertake”
 An individual who organizes and operates a
business, taking on financial risk to do so.
 The term “entrepreneur” seems to have been
introduced into economic theory by Cantillon
(1755)
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3. ENTREPRENEUR
 E:xamine needs, wants, and problems to see
how they can improve the way needs and
wants are met and problems overcome.
 N:arrow the possible opportunities to one
specific “best” opportunity
 T:hink of innovative ideas and narrow them to
the “best” opportunity
 R:esearch the opportunity and idea
thoroughly
 E:nlist the best sources of advice and
assistance that they can find
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4. ENTREPRENEUR
 P: lan their ventures and look for possible problems that
might arise.
 R: ank the risks and the possible rewards.
 E: valuate the risks and possible rewards and make their
decision to act or not to act.
 N: ever hang on to an idea, no matter how much they may
love it, if research shows it won't work.
 E: mploy the resources necessary for the venture to
succeed.
 U: nderstand that they will have to work long and hard to
make their venture succeed.
 R: ealize a sense of accomplishment from their successful
ventures and learn from their failures to help them
achieve success in the future.
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5. Four aspects
Time and
Effort
RiskReward
Creativity
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6. Characteristics of an Entrepreneur
be passionate about achieving their goals
have a spirit of adventure
be hardworking and energetic
be self-confident and self-reliant
be goal-oriented
be innovative, creative, and versatile
be persistent and pessimistic
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7. Types of Entrepreneurship
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8. Types of Entrepreneurship
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9. Types of Entrepreneurship
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10. Types of Entrepreneurship
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11. Process for Entrepreneurship
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12. Identification of Opportunity
Detect a
problem
Find an
alternate
solution
Visualize
the
market
Need for Textile by Dhirubhai Ambani
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13. Having a Clear Vision
"A vision without implementation is just a dream with
closed eyes."
Look beyond
the idea or
plan
Creative
mindset
Innovative
methodologies
Martian Colony, Hyper Loop– Elon Musk
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14. Coax others towards your vision
Form a
Team
Different
Skill set
Make the
Vision a
Reality
Infosys Group of 7 members – Narayana Murthy
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15. Resource Gathering
Strong
business
plan
Powerful
pitching
capability
Attract
venture
capitalist
Jio – Mukesh Ambani
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16. Creating the Venture
Proper
Place
Resources
at the
vicinity
Develop
the
Venture
World`s Largest Solar Power Plant–
Gautam Adani
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17. Bringing Adaptability with Time
Monitor and
realize for
upgradation
Enhanced
Technology
Keep
Innovating
Nokia`s Failure and now bouncing back
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18. SWOT Analysis
Strength
Weakness
Opportunity
Threat
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19. Start Up
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20. Start up
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23. Facebook acquisitions and Mergers – 88
companies
 WhatsApp ($19 billion)
 Oculus VR ($2 billion)
 Instagram ($1 billion)
 CRTL-labs (between $500 million and $1 billion)
 LiveRail ($500 million)
 Onavo (between $100 million and $200 million)
 tbh (less than $100 million)
 Redkix (less than $100 million)
 Parse ($85 million)
 Atlas Solutions (between $50 million and $100 million)
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24. Funding and Schemes in India
 Atal Incubation Centre – Rs. 10 Crores over a period of Five years -
http://www.niti.gov.in
 NewGEN IEDC - Rs 25 lakh
 MSME Market Development Assistance
 The Women Entrepreneurship Platform (WEP)
 Iccha Shakti: motivating women entrepreneurs to start their business
 Gyaan Shakti: Provides knowledge and ecosystem
 Karma Shakti: Provides hands-on support to entrepreneurs to set up or scale business
 Self Employment Lending Schemes Credit Line 2 – Micro Financing
Scheme- Only NGOs and Self-Help Groups
 Swarojgar Credit Card - Small artisans – 25000
 Venture Capital Scheme for Agri-Business Development – 50 lakhs
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25. Funding and Schemes in India
 Pradhan Mantri Mudra Yojana:The scheme is divided into three modules:
 Shishu : covering loans upto Rs 50,000/-
 Kishor : covering loans above Rs 50,000/- and upto Rs 5 lakh
 Tarun : covering loans above Rs 5 lakh and upto Rs 10 lakh
 Sustainable Finance Scheme – Sustainable Energy
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26. Funding and Schemes in India
https://startuptalky.com/list-of-
government-initiatives-for-startups/
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27. Crowd Funding Websites
 Kickstarter
 Indiegogo
 Patreon
 Crowdfunder (Shopify App)
 GoFundMe
 Fundable
 Crowdcube
 Crowdfunder
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28. Crowd Funding Products
PEBBLE TIME SMARTWATCH
Goal: $500,000
Amount Raised: $20,338,986
Time Required: 32 days (Feb. 24,
2015-March 27, 2015)
Number of Funders: 78,471
Platform: Kickstarter
FLOW HIVE
Goal: $70,000
Amount Raised (two campaigns): $14,927,624
Time Required (Indiegogo): 56 days (Feb. 23,
2015-April 19, 2015)
Number of Funders (two campaigns): 40,457
Platform: Indiegogo, Indiegogo InDemand
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29. Crowd Funding Products
COOLEST COOLER
Goal: $50,000
Amount Raised: $13,285,226
Time Required: 53 days (July 8,
2014-Aug. 29, 2014)
Number of Funders: 62,642
Platform: Kickstarter
Kingdom Death: Monster 1.5
Goal: $100,000
Amount Raised: $12,393,139
Time Required: 45 days (Nov. 24,
2016-Jan. 7, 2017)
Number of Funders: 19,264
Platform: Kickstarter
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30. Crowd Funding Products
BAUBAX TRAVEL JACKET
Goal: $20,000
Amount Raised (two
campaigns): $11,609,614
Time Required (Kickstarter): 59 days
(July 7, 2015-Sept. 3, 2015)
Number of Funders (two
campaigns): 55,949
Platform: Kickstarter, Indiegogo
InDemand
EXPLODING KITTENS
Goal: $10,000
Amount Raised: $8,782,571
Time Required: 31 days (Jan. 20,
2015-Feb. 19, 2015)
Number or Funders: 219,382
Platform: Kickstarter
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31. Crowd Funding Products
OUYA
Goal: $950,000
Amount Raised: $8,596,474
Time Required: 30 days (July 10, 2012-Aug. 8,
2012)
Number of Funders: 63,416
Platform: Kickstarter
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32. Self Assessment Tool
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37. Thanks for your Patience and Support
All the Best
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38. Any Questions?
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