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Fostering Innovation and 
Entrepreneurship through 
university education in India. 
Long Road Ahead 
By Prof. S R Mustafa 
Head – IMS Center for Innovation Incubation and Entrepreneurship
Who am I ? 
● An Entrepreneurship Evangelist 
● Startup and Incubation Expert 
● Mentor of 35+ startups 
● Awardee of Best Incubator Manager SSATE-STEP 
● Founder of three enterprises StartupActivator, 
Kisanalya, The Employment Horizon 
● Board of Advisor of 3 growing venture Openlabs, 
TechAhead and Thinkware 
● Curator of TESS – The Entrepreneurial Student 
Society of India 
● Member of CSI, TiE, NASSCOM 
● Panel Evaluator of Power of Idea Economics 
Times and IIMAhmedabad 
● Head of IMS Center for Innovation Incubator and 
Entrepreneurship. 
Passionate to nurture startups and empower 
academic institutions for fostering innovation 
and entrepreneurship for creating wealth for 
the society. 
Prof. S R Mustafa 
Grounded Feet and Clouded 
Head
Fostering Innovation and Entrepreneurship through 
university education in India. 
Objective of Study: Journey / Contribution of educational institution in fostering 
innovation and entrepreneurship so far and future road map. Replication of a 
successful model in every educational institution for promotion of innovation and 
entrepreneurship. 
Research Methodology: 
1. Survey TBI / Educational Institutions 
2. Reports FICCI, NSTEDB, IEFB, TBIs, Journals 
3. Personal Interviews with the head of the institution ( Director / owners) 30+ 
4. Interaction with 1000+ students during training program 
5. Interaction with incubator managers and incubate companies 45 
By Prof. S R Mustafa 
Head – IMS Center for Innovation Incubation and Entrepreneurship
Total No. of Universities in the Country as on 30.09.2014 
Universities Total No. 
State Universities 322 
Deemed to be Universities 128 
Central Universities 45 
Private Universities 192 
Total 687 
Total No. of colleges in India is 2012-2013 37,204 
Note: Includes Agricultural, Veterinary, Medical, Engineering / Technical 
and Open Universities.
Student Enrollment in Higher Education during the academic session 
2012-2013 enrolled in various courses at all levels in universities/colleges 
and other institutions of higher education 
The total enrollment in all courses and levels in regular stream 
= 215.01 lakhs 
Including 93.06 lakhs women students, constituting 43.28%. 
Out of the total enrollment of students (215.0 1 lakhs), 
37.94% in the faculty of Arts, 
18.56% in Science 
17.50%, in Commerce 
74% enrollment in just three faculties. 
While the remaining 26.70% enrollment were in professional faculties. 
Engineering./Technology 16.05% Medical courses 3.52% 
Agriculture and allied occupations just 0.48% 
Veterinary Science 0.14 % 
Findings: The ratio of professional to non-professional enrollment has been almost 1:3 
and hence there is a need for an appropriate policy change which may rationalize and 
reduce the disparity and need to focus on vocationalisation of education to promote 
innovation and entrepreneurship..
Research Degrees: 
The number of research degrees (Ph.Ds) awarded by various 
universities 
Total 16,093 in 2010-2011 
17631 in 2011-2012 
increase of 3.34%. 
Faculty of Science had the highest number with 5607 degrees 
Faculty of Arts with 5642 Ph.D. degrees. 
Faculty of Engineering & Technology had topped with as many as 2098 
Education faculty with 617 degrees, 
Medicine faculty with 617 
Agriculture faculty with 564 degrees 
It is observed that there is a slight increasing trend in academic research in terms of 
number of research degrees awarded by the Universities during 2011-2012 as 
compared to the figures for the year 2010-2011.
XII Plan Guidelines (2012-2017) 
ACCESS 
EQUITY 
QUALITY 
PROMOTION OF TALENT 
SKILL DEVELOPMENT 
STAND ALONE SCHEMES 
To support new ideas and 
innovations and to start specialized 
courses in Inter-disciplinary and 
Emerging Areas, the UGC has been 
providing cent percent development 
assistance to the approved 
departments of universities. Up to 
31.03.2013, as many as 87 
departments had been identified 
and approved for support during XI 
Plan under the Innovative 
Programme. 
A total grant of ` 11.06 crores had 
been released to the departments 
of universities during 2011-2012. 
Unfortunately there is no scheme 
talking about support scheme for 
setting up of EDC / Incubator for 
promoting innovation and 
entrepreneurship through 
university education system.
Patents filed in India 
Patent filings have gone up from 28,940 during 2006–07 to 
43,674 during 2012–13. 
If we look at the patent filing trend from Indian universities, 
we see that between 2006-12, 
Amity University had maximum patent applications with 
130, followed by IIT-Bombay 109 and 
IIT Kharagpur 102. 
In US, one university files over 300 patent 
applications,"
Patents filed in 2012-13 
India filed 43,674 patents 
USA 2,68,782 
Japan 4,88,744 
China 5,61,377 
Sources: Patent registration forum and FICCI report.
Incubator - A tool to foster innovation and entrepreneurship 
"Business incubation is a unique and highly flexible combination 
ofbusiness development processes, infrastructure and people designed to 
nurture new and small businesses by helping them to survive and grow through 
the difficult and vulnerable early stages of development."
Support Eco System in India under various ministries and 
department. 
NSTEDB- DST supported 
STEP – Science & Technology Entrepreneurs Park 16 
Technology Business Incubator - TBI 51 
Innovation and Entrepreneurship Development Center IEDC 35 
DC-MSME under Development of Managerial and Entrepreneurial skill 
Supported institutions 150+ 
Other Govt supported incubators 
NSIC, STPI 
Private Incubators 
Tlabs, The Hutch, Venture Nursery, 100Ent, Startup Village and many more 
coming up
Other countries 
Country No of Academic linked Incubator 
USA 4000+ 
China 8000+ 
Korea 2000+ 
Japan 2800+ 
INDIA Only 68 
A very very Long way have to go....................................
VENTURE CREATION 
~ 2,000 ventures incubated sofar 
950+ graduated already 
SPACE 
585,700 sq.ft. of dedicated area 
CAPACITY 
~1,000 hi-tech ventures can be 
physically 
incubated at a current occupancy rate of 
80% 
FOOTFALLS 
~14,750 high-end innovative 
entrepreneurs 
approach Incubators annually 
EMPLOYMENT GENERATED 
~32,000 persons are estimated to be 
employed 
by Incubatee and Graduate 
companies. 
TURNOVER GENERATED 
~ INR 1500 Crores is the combined 
turnover 
of Incubatee and Graduate 
companies 
In 2012-2013 
INTELLECTUAL PROPERTY 
GENERATED 
~450 patents / copyrights held 
INCUBATION IN INDIA 
Outcome
IIT BOMBAY - SOCIETY 
FOR INNOVATION AND 
ENTREPRENEURSHIP 
MUMBAI, MAHARASHTRA 
Year of establishment: 2005 
Host Institution: IIT Bombay 
Legal Status: Registered Society 
Thrust Area: IT software incl. Mobile applications, 
Hardware / Electronics / Embedded systems, 
Manufacturing 
(Engineering), Healthcare (Product-based), 
Energy / Clean 
technology, Agri-Business (Agri-Products), 
Rural / Social 
sector, Speciality sectors (Nano-tech, Design 
etc.) 
Space: 9,600 sq. ft. 
No of Ventures : 115 
Incubation Duration: 3 years 
Employment Generated ~1063 
Turnover generated ~ INR 106 Crores 
Innovation and Technology Developed: 63 
patented / design registration
ORGANIZATION BRIEF 
The Amity Innovation Incubator is a concept supported by 
DST, Ministry of Science & Technology, Government of India. 
It has, in a very short time of its existence, earned an enviable 
position for itself with start-ups which have been on top of the 
innovation curve and have been recognized on platforms like 
The Power of ideas, Red Herring Global winner, Tata NEN, 
NASSCOM Innovation and World Education Summit Awards 
to name a few. 
MAJOR ACHIEVEMENTS 
> 100+ companies incubated (physical & virtual); all showing 
significant financial and operating growth 
> Employment generated for more than 3500 people 
> 42 start-ups established by faculty & students of Amity 
University 
> 16 incubatees funded under "Support of Entrepreneurial and 
Managerial Development of SMEs through Incubators" 
> Launched virtual incubation in 17 cities including Mumbai, 
Ahmedabad, Kolkata, Hyderabad, Chennai, Kochi, Bangalore 
and others 
> Largest producers of patent in India
YEAR OF STARTING: 2000 
HOST INSTITUTION: JSS Academy of Technical 
Education, Noida 
LEGAL STATUS: Registered Society 
THRUST AREA: IT software incl. Mobile 
applications, Hardware / 
Electronics / Embedded systems, Manufacturing 
(Engineering) 
INCUBATION AREA: 13,940 sq.ft. 
INCUBATION CAPACITY (No. of Ventures): 25 
AVERAGE PERIOD OF INCUBATION:1 - 3 Years 
EMPLOYMENT GENERATED (Last 5 Years): ~1120 
Note: I was the part from early age to 2012 
nurtured and scaled up the operation of 
incubator.
What are the challenges for other 
institutions for fostering 
innovations and entrepreneurship? 
1. Lack of vision of upper management 
2. Lack of knowledge and expertise to the Director / 
Principal level 
3. No immediate ROI 
4. Treatment as department which does not suits to the 
entrepreneurial organization. 
5. Non willingness among faculties and staff member to 
take productive involvement. 
6. Lack of exposure to the startup Eco system 
7. Non dedicated effort from the top management.
7 steps Solutions sought to 
overcome the challenges based on 
the research findings 
● Introduction and promotion of EDP as credit module / specialization 
subjects in the university syllabus and make it more effective rather treating 
this adhoc optional. 
● Funding support from university to establish incubator 
Formation of entrepreneurial students society to create a culture inside 
campus. 
● Faculty development training to prepare them for providing facilitation 
services and mentoring to students by university on regular basis. 
● Conduct of innovative activity based productive program on 
entrepreneurship through the student society and encourage them to strive 
by own. 
● Establishment of separate organization with sufficient facility to provide 
incubation support ( NSTEDB and DC-MSME support may be taken) 
● Creation of initial SEEDFUND by Host institutions for providing initial fund 
to the aspiring entrepreneurs. 
● Unique Business Model of incubator required to be developed to make the 
TBI self sustainable within a period of Three Years. 
Note: Host institution has to take a firm step to setup incubator for fostering 
innovation and entrepreneurship.
Good News for Incubator …................................... 
Incubators play an important role in mentoring new 
businesses which start as a small or medium business. The 
new Companies Bill obliges companies to spend 2 percent of 
average net profits under Corporate Social Responsibility. I 
am glad to announce that the Ministry of Corporate Affairs 
will notify that funds provided to technology incubators 
located within academic institutions and approved by the 
Ministry of Science and Technology or Ministry of MSME will 
qualify as CSR expenditure.
Thank you 
Do you have any question? 
Ask or write to 
Prof. S R Mustafa 
srmustafa73@gmail.com 
7838204509

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Fostering innovation and entrepreneurship through university education - Road Ahead

  • 1. Fostering Innovation and Entrepreneurship through university education in India. Long Road Ahead By Prof. S R Mustafa Head – IMS Center for Innovation Incubation and Entrepreneurship
  • 2. Who am I ? ● An Entrepreneurship Evangelist ● Startup and Incubation Expert ● Mentor of 35+ startups ● Awardee of Best Incubator Manager SSATE-STEP ● Founder of three enterprises StartupActivator, Kisanalya, The Employment Horizon ● Board of Advisor of 3 growing venture Openlabs, TechAhead and Thinkware ● Curator of TESS – The Entrepreneurial Student Society of India ● Member of CSI, TiE, NASSCOM ● Panel Evaluator of Power of Idea Economics Times and IIMAhmedabad ● Head of IMS Center for Innovation Incubator and Entrepreneurship. Passionate to nurture startups and empower academic institutions for fostering innovation and entrepreneurship for creating wealth for the society. Prof. S R Mustafa Grounded Feet and Clouded Head
  • 3. Fostering Innovation and Entrepreneurship through university education in India. Objective of Study: Journey / Contribution of educational institution in fostering innovation and entrepreneurship so far and future road map. Replication of a successful model in every educational institution for promotion of innovation and entrepreneurship. Research Methodology: 1. Survey TBI / Educational Institutions 2. Reports FICCI, NSTEDB, IEFB, TBIs, Journals 3. Personal Interviews with the head of the institution ( Director / owners) 30+ 4. Interaction with 1000+ students during training program 5. Interaction with incubator managers and incubate companies 45 By Prof. S R Mustafa Head – IMS Center for Innovation Incubation and Entrepreneurship
  • 4. Total No. of Universities in the Country as on 30.09.2014 Universities Total No. State Universities 322 Deemed to be Universities 128 Central Universities 45 Private Universities 192 Total 687 Total No. of colleges in India is 2012-2013 37,204 Note: Includes Agricultural, Veterinary, Medical, Engineering / Technical and Open Universities.
  • 5. Student Enrollment in Higher Education during the academic session 2012-2013 enrolled in various courses at all levels in universities/colleges and other institutions of higher education The total enrollment in all courses and levels in regular stream = 215.01 lakhs Including 93.06 lakhs women students, constituting 43.28%. Out of the total enrollment of students (215.0 1 lakhs), 37.94% in the faculty of Arts, 18.56% in Science 17.50%, in Commerce 74% enrollment in just three faculties. While the remaining 26.70% enrollment were in professional faculties. Engineering./Technology 16.05% Medical courses 3.52% Agriculture and allied occupations just 0.48% Veterinary Science 0.14 % Findings: The ratio of professional to non-professional enrollment has been almost 1:3 and hence there is a need for an appropriate policy change which may rationalize and reduce the disparity and need to focus on vocationalisation of education to promote innovation and entrepreneurship..
  • 6. Research Degrees: The number of research degrees (Ph.Ds) awarded by various universities Total 16,093 in 2010-2011 17631 in 2011-2012 increase of 3.34%. Faculty of Science had the highest number with 5607 degrees Faculty of Arts with 5642 Ph.D. degrees. Faculty of Engineering & Technology had topped with as many as 2098 Education faculty with 617 degrees, Medicine faculty with 617 Agriculture faculty with 564 degrees It is observed that there is a slight increasing trend in academic research in terms of number of research degrees awarded by the Universities during 2011-2012 as compared to the figures for the year 2010-2011.
  • 7. XII Plan Guidelines (2012-2017) ACCESS EQUITY QUALITY PROMOTION OF TALENT SKILL DEVELOPMENT STAND ALONE SCHEMES To support new ideas and innovations and to start specialized courses in Inter-disciplinary and Emerging Areas, the UGC has been providing cent percent development assistance to the approved departments of universities. Up to 31.03.2013, as many as 87 departments had been identified and approved for support during XI Plan under the Innovative Programme. A total grant of ` 11.06 crores had been released to the departments of universities during 2011-2012. Unfortunately there is no scheme talking about support scheme for setting up of EDC / Incubator for promoting innovation and entrepreneurship through university education system.
  • 8. Patents filed in India Patent filings have gone up from 28,940 during 2006–07 to 43,674 during 2012–13. If we look at the patent filing trend from Indian universities, we see that between 2006-12, Amity University had maximum patent applications with 130, followed by IIT-Bombay 109 and IIT Kharagpur 102. In US, one university files over 300 patent applications,"
  • 9. Patents filed in 2012-13 India filed 43,674 patents USA 2,68,782 Japan 4,88,744 China 5,61,377 Sources: Patent registration forum and FICCI report.
  • 10. Incubator - A tool to foster innovation and entrepreneurship "Business incubation is a unique and highly flexible combination ofbusiness development processes, infrastructure and people designed to nurture new and small businesses by helping them to survive and grow through the difficult and vulnerable early stages of development."
  • 11. Support Eco System in India under various ministries and department. NSTEDB- DST supported STEP – Science & Technology Entrepreneurs Park 16 Technology Business Incubator - TBI 51 Innovation and Entrepreneurship Development Center IEDC 35 DC-MSME under Development of Managerial and Entrepreneurial skill Supported institutions 150+ Other Govt supported incubators NSIC, STPI Private Incubators Tlabs, The Hutch, Venture Nursery, 100Ent, Startup Village and many more coming up
  • 12. Other countries Country No of Academic linked Incubator USA 4000+ China 8000+ Korea 2000+ Japan 2800+ INDIA Only 68 A very very Long way have to go....................................
  • 13. VENTURE CREATION ~ 2,000 ventures incubated sofar 950+ graduated already SPACE 585,700 sq.ft. of dedicated area CAPACITY ~1,000 hi-tech ventures can be physically incubated at a current occupancy rate of 80% FOOTFALLS ~14,750 high-end innovative entrepreneurs approach Incubators annually EMPLOYMENT GENERATED ~32,000 persons are estimated to be employed by Incubatee and Graduate companies. TURNOVER GENERATED ~ INR 1500 Crores is the combined turnover of Incubatee and Graduate companies In 2012-2013 INTELLECTUAL PROPERTY GENERATED ~450 patents / copyrights held INCUBATION IN INDIA Outcome
  • 14. IIT BOMBAY - SOCIETY FOR INNOVATION AND ENTREPRENEURSHIP MUMBAI, MAHARASHTRA Year of establishment: 2005 Host Institution: IIT Bombay Legal Status: Registered Society Thrust Area: IT software incl. Mobile applications, Hardware / Electronics / Embedded systems, Manufacturing (Engineering), Healthcare (Product-based), Energy / Clean technology, Agri-Business (Agri-Products), Rural / Social sector, Speciality sectors (Nano-tech, Design etc.) Space: 9,600 sq. ft. No of Ventures : 115 Incubation Duration: 3 years Employment Generated ~1063 Turnover generated ~ INR 106 Crores Innovation and Technology Developed: 63 patented / design registration
  • 15. ORGANIZATION BRIEF The Amity Innovation Incubator is a concept supported by DST, Ministry of Science & Technology, Government of India. It has, in a very short time of its existence, earned an enviable position for itself with start-ups which have been on top of the innovation curve and have been recognized on platforms like The Power of ideas, Red Herring Global winner, Tata NEN, NASSCOM Innovation and World Education Summit Awards to name a few. MAJOR ACHIEVEMENTS > 100+ companies incubated (physical & virtual); all showing significant financial and operating growth > Employment generated for more than 3500 people > 42 start-ups established by faculty & students of Amity University > 16 incubatees funded under "Support of Entrepreneurial and Managerial Development of SMEs through Incubators" > Launched virtual incubation in 17 cities including Mumbai, Ahmedabad, Kolkata, Hyderabad, Chennai, Kochi, Bangalore and others > Largest producers of patent in India
  • 16. YEAR OF STARTING: 2000 HOST INSTITUTION: JSS Academy of Technical Education, Noida LEGAL STATUS: Registered Society THRUST AREA: IT software incl. Mobile applications, Hardware / Electronics / Embedded systems, Manufacturing (Engineering) INCUBATION AREA: 13,940 sq.ft. INCUBATION CAPACITY (No. of Ventures): 25 AVERAGE PERIOD OF INCUBATION:1 - 3 Years EMPLOYMENT GENERATED (Last 5 Years): ~1120 Note: I was the part from early age to 2012 nurtured and scaled up the operation of incubator.
  • 17. What are the challenges for other institutions for fostering innovations and entrepreneurship? 1. Lack of vision of upper management 2. Lack of knowledge and expertise to the Director / Principal level 3. No immediate ROI 4. Treatment as department which does not suits to the entrepreneurial organization. 5. Non willingness among faculties and staff member to take productive involvement. 6. Lack of exposure to the startup Eco system 7. Non dedicated effort from the top management.
  • 18. 7 steps Solutions sought to overcome the challenges based on the research findings ● Introduction and promotion of EDP as credit module / specialization subjects in the university syllabus and make it more effective rather treating this adhoc optional. ● Funding support from university to establish incubator Formation of entrepreneurial students society to create a culture inside campus. ● Faculty development training to prepare them for providing facilitation services and mentoring to students by university on regular basis. ● Conduct of innovative activity based productive program on entrepreneurship through the student society and encourage them to strive by own. ● Establishment of separate organization with sufficient facility to provide incubation support ( NSTEDB and DC-MSME support may be taken) ● Creation of initial SEEDFUND by Host institutions for providing initial fund to the aspiring entrepreneurs. ● Unique Business Model of incubator required to be developed to make the TBI self sustainable within a period of Three Years. Note: Host institution has to take a firm step to setup incubator for fostering innovation and entrepreneurship.
  • 19. Good News for Incubator …................................... Incubators play an important role in mentoring new businesses which start as a small or medium business. The new Companies Bill obliges companies to spend 2 percent of average net profits under Corporate Social Responsibility. I am glad to announce that the Ministry of Corporate Affairs will notify that funds provided to technology incubators located within academic institutions and approved by the Ministry of Science and Technology or Ministry of MSME will qualify as CSR expenditure.
  • 20. Thank you Do you have any question? Ask or write to Prof. S R Mustafa srmustafa73@gmail.com 7838204509