This document discusses fostering innovation and entrepreneurship through university education in India. It finds that while the number of universities and colleges is large, enrollment in professional fields like engineering and medicine is much lower than non-professional fields. It also finds that while the number of PhDs awarded is increasing, the number of patents filed by Indian universities is very low compared to other countries. It identifies that there are currently 68 incubators linked to academic institutions in India, which is far lower than other countries. It recommends introducing entrepreneurship education into university curriculums, providing funding for incubators, and training faculty to better support innovation and entrepreneurship.
Entrepreneurs, according to Joseph Schumpeter, are responsible for creative destruction. They are the real drivers
economic growth and employment. Creation of entrepreneurship of such higher order would require Universities and Higher Education institutions (HEI) to include entrepreneurship and innovation as a part of their vision
and therefore embed, support and grow an entrepreneurship and innovation culture among management, faculty and students. This transformation, into what we may call the entrepreneurial university, would lead to wide ranging external collaborations and partnerships and enthusiasm to
engage even with the smallest economic and social entrepreneurs inside and outside the campus.
Universities that adopt innovative practices to upgrade themselves from teaching institutions to entrepreneurship ecosystems that provoke, facilitate and launch innovators and entrepreneurs to the business world are what countries need today. How ?
This presentation is provided information about All India Council of Technical Education (AICTE) and its implemented schemes. There are number of schemes are provided by AICTE like Post graduate scheme, Seminar grant etc. and also provided detail about its beneficiaries.
many new initiatives have been taken by aicte to improve the quality of technical education India. These initiatives includes model curriculum, induction program for students, internship policy, examination reforms, mandatory internship, industry institute cells in every college, mandatory accreditation, perspective plan for technical education etc.
Role of Entrepreneurship Education in Development and Promotion of Entreprene...Dr. Amarjeet Singh
Education in the area of entrepreneurship plays a significant role in the development of entrepreneurial skills in the individuals. It may help youth to develop skill, ability of decision making, risk taking ability, manage any situation, and proper acquisition of knowledge which could benefit them for starting, organizing and managing their own enterprises and became helpful in economic development. The target population is 417 graduates or post graduates students from the Entrepreneurship Development Cells (EDC) of premier institutions (two government and two private institutions) in which 136 were selected randomly as a sample for study. Descriptive and inferential statistics were used for analyzing the data with the help of SPSS 22.0 software. Present study evidences the role of EDCs in the skill development of male and female is equal in all components like ability of taking decisions, creativity, Research, Development and Innovation, taking initiatives and so on. Entrepreneur development cells of any institutions, programs and their faculties haven’t made any difference on the basic of gender. Their all programs are equal for all.
Entrepreneurs, according to Joseph Schumpeter, are responsible for creative destruction. They are the real drivers
economic growth and employment. Creation of entrepreneurship of such higher order would require Universities and Higher Education institutions (HEI) to include entrepreneurship and innovation as a part of their vision
and therefore embed, support and grow an entrepreneurship and innovation culture among management, faculty and students. This transformation, into what we may call the entrepreneurial university, would lead to wide ranging external collaborations and partnerships and enthusiasm to
engage even with the smallest economic and social entrepreneurs inside and outside the campus.
Universities that adopt innovative practices to upgrade themselves from teaching institutions to entrepreneurship ecosystems that provoke, facilitate and launch innovators and entrepreneurs to the business world are what countries need today. How ?
This presentation is provided information about All India Council of Technical Education (AICTE) and its implemented schemes. There are number of schemes are provided by AICTE like Post graduate scheme, Seminar grant etc. and also provided detail about its beneficiaries.
many new initiatives have been taken by aicte to improve the quality of technical education India. These initiatives includes model curriculum, induction program for students, internship policy, examination reforms, mandatory internship, industry institute cells in every college, mandatory accreditation, perspective plan for technical education etc.
Role of Entrepreneurship Education in Development and Promotion of Entreprene...Dr. Amarjeet Singh
Education in the area of entrepreneurship plays a significant role in the development of entrepreneurial skills in the individuals. It may help youth to develop skill, ability of decision making, risk taking ability, manage any situation, and proper acquisition of knowledge which could benefit them for starting, organizing and managing their own enterprises and became helpful in economic development. The target population is 417 graduates or post graduates students from the Entrepreneurship Development Cells (EDC) of premier institutions (two government and two private institutions) in which 136 were selected randomly as a sample for study. Descriptive and inferential statistics were used for analyzing the data with the help of SPSS 22.0 software. Present study evidences the role of EDCs in the skill development of male and female is equal in all components like ability of taking decisions, creativity, Research, Development and Innovation, taking initiatives and so on. Entrepreneur development cells of any institutions, programs and their faculties haven’t made any difference on the basic of gender. Their all programs are equal for all.
the status and challenges of technical education is discussed. The initiatives of aicte is also presented. The expectation of industries from Indian technical education graduates is also presented. Challenges of employ ability and expectation by industries is explained.
The industry is growing very fast. They demand highly accomplished graduates with accomplishment. The engineering institutes have to modernize the workshops, laboratories and computer centers. The need to be developed through industry specific skills in planning, designing, developing prototypes testing, and refining. They should be innovators.
Research Funding and executive education opportunities for Indian UniversitiesAnirudh Agrawal
A short presentation on how universities in India and elsewhere could strategically engage with governments, private companies, multinational corporate houses and international firms to fund their research, executive education and engage in consulting activities to increase their revenues and visibility.
BIMTECH presents the Information Bulletin for the year 2017. The PDF contains all the details of the courses and curriculum that will be taught to the aspirants as well as complete details of the BIMTECH Greater Noida Campus
Start-up is a basic thing that a person trying to do something original. Technopreneurs are the genes of technology based entrepreneurs, but they are not only bearing the risk in business and also crossing the danger zone in innovative and initiative a new kind of product and service to the society. In recent years, India concentrates on the development of start-up environment and deserves that, this is the best season to promote the techno start-up for the massive pillar in the upcoming trends. Since 2010, entire developed nations were focusing on the roar of technopreneurs of our nation. In the present situation, government of India highly offering outstanding opportunities to its extent and this may set the new milestone for the next phase of the start-up environment. This paper deals with the development of technopreneurship in India and contribution to the start-up technopreneurs, new schemes and well equipped technology parks will be implemented for the welfare of the new start-up and commencing new technical education centres with mentors and advisers.
A paper submitted to NEMA on 22nd August 2018 for International Conference on “RECENT TRENDS IN BUSINESS MANAGEMENT AND SUSTAINABLE DEVELOPMENT” during 22-24 November 2018
The 10 Best Vocational Education and Training Institutes in India 2018The Knowledge Review
The Knowledge Review introduces a special issue of “The 10 Best Vocational Education and Training Institutes in India 2018”, which highlights some of the best institutes in India offering quality vocational education with dedication and innovation. This issue highlights some of those institutes which have set a global standard in the field of vocational education, research, and training.
For more details, visit: https://theknowledgereview.com/the-10-best-vocational-education-and-training-institutes-in-india-2018-november2018/
The 10 phenomenal engineering institutes of india 2021Merry D'souza
The knowledge Review covered 'The 10 Phenomenal Engineering Institutes of India 2021, Across the Globe, here The best 10 Phenomenal Engineering Institutes of India 2021
The 10 most promising institutions in south india, 2020Merry D'souza
The world is changing and so many in this development are driven by engineers. Engineers don’t sit around and watch – they do things. Engineering graduates use innovation, creativity, and a wealth of knowledge to disrupt industries. The Knowledge Review is cover The 10 Most Promising Institutions in South India, 2020 issue in this edition.
New Policy Initiative to boost Gujarat Entrepreneurial EcosystemRamanjeet Gupta
Presentation made by Mr. Arvind Agarwal, IAS, Additional Chief Secretary to Government, Industries & Mines Department, Government of Gujarat on Policy initiatives of Government at WhatNext 2016 at Ahmedabad
the status and challenges of technical education is discussed. The initiatives of aicte is also presented. The expectation of industries from Indian technical education graduates is also presented. Challenges of employ ability and expectation by industries is explained.
The industry is growing very fast. They demand highly accomplished graduates with accomplishment. The engineering institutes have to modernize the workshops, laboratories and computer centers. The need to be developed through industry specific skills in planning, designing, developing prototypes testing, and refining. They should be innovators.
Research Funding and executive education opportunities for Indian UniversitiesAnirudh Agrawal
A short presentation on how universities in India and elsewhere could strategically engage with governments, private companies, multinational corporate houses and international firms to fund their research, executive education and engage in consulting activities to increase their revenues and visibility.
BIMTECH presents the Information Bulletin for the year 2017. The PDF contains all the details of the courses and curriculum that will be taught to the aspirants as well as complete details of the BIMTECH Greater Noida Campus
Start-up is a basic thing that a person trying to do something original. Technopreneurs are the genes of technology based entrepreneurs, but they are not only bearing the risk in business and also crossing the danger zone in innovative and initiative a new kind of product and service to the society. In recent years, India concentrates on the development of start-up environment and deserves that, this is the best season to promote the techno start-up for the massive pillar in the upcoming trends. Since 2010, entire developed nations were focusing on the roar of technopreneurs of our nation. In the present situation, government of India highly offering outstanding opportunities to its extent and this may set the new milestone for the next phase of the start-up environment. This paper deals with the development of technopreneurship in India and contribution to the start-up technopreneurs, new schemes and well equipped technology parks will be implemented for the welfare of the new start-up and commencing new technical education centres with mentors and advisers.
A paper submitted to NEMA on 22nd August 2018 for International Conference on “RECENT TRENDS IN BUSINESS MANAGEMENT AND SUSTAINABLE DEVELOPMENT” during 22-24 November 2018
The 10 Best Vocational Education and Training Institutes in India 2018The Knowledge Review
The Knowledge Review introduces a special issue of “The 10 Best Vocational Education and Training Institutes in India 2018”, which highlights some of the best institutes in India offering quality vocational education with dedication and innovation. This issue highlights some of those institutes which have set a global standard in the field of vocational education, research, and training.
For more details, visit: https://theknowledgereview.com/the-10-best-vocational-education-and-training-institutes-in-india-2018-november2018/
The 10 phenomenal engineering institutes of india 2021Merry D'souza
The knowledge Review covered 'The 10 Phenomenal Engineering Institutes of India 2021, Across the Globe, here The best 10 Phenomenal Engineering Institutes of India 2021
The 10 most promising institutions in south india, 2020Merry D'souza
The world is changing and so many in this development are driven by engineers. Engineers don’t sit around and watch – they do things. Engineering graduates use innovation, creativity, and a wealth of knowledge to disrupt industries. The Knowledge Review is cover The 10 Most Promising Institutions in South India, 2020 issue in this edition.
New Policy Initiative to boost Gujarat Entrepreneurial EcosystemRamanjeet Gupta
Presentation made by Mr. Arvind Agarwal, IAS, Additional Chief Secretary to Government, Industries & Mines Department, Government of Gujarat on Policy initiatives of Government at WhatNext 2016 at Ahmedabad
For any nation to emerge as a developed economy, it is important for that nation to focus on research and innovation which helps them in designing and developing new products.” As of 2020, India has been ranked 48th amongst the top 50 countries in the Global Innovation Index. It has jumped four places since the last ranking.
Role of Entrepreneurship Education in Development and Promotion of Entreprene...Dr. Amarjeet Singh
Education in the area of entrepreneurship plays a significant role in the development of entrepreneurial skills in the individuals. It may help youth to develop skill, ability of decision making, risk taking ability, manage any situation, and proper acquisition of knowledge which could benefit them for starting, organizing and managing their own enterprises and became helpful in economic development. The target population is 417 graduates or post graduates students from the Entrepreneurship Development Cells (EDC) of premier institutions (two government and two private institutions) in which 136 were selected randomly as a sample for study. Descriptive and inferential statistics were used for analyzing the data with the help of SPSS 22.0 software. Present study evidences the role of EDCs in the skill development of male and female is equal in all components like ability of taking decisions, creativity, Research, Development and Innovation, taking initiatives and so on. Entrepreneur development cells of any institutions, programs and their faculties haven’t made any difference on the basic of gender. Their all programs are equal for all.
Startup Incubation in Agriculture Sector.pptxPappu Kumar
Startup culture thrives on the spirit of youthful ambition, fueled by fresh ideas and cutting-edge technology. Driven by innovators with a keen eye for market opportunities, startups disrupt existing norms or carve out entirely new spaces. Understanding the crucial role of its people in shaping the economy, the Indian Government, led by Narendra Modi, intro-duces the game-changing "Startup India" initiative. This bold move recognizes the latent talents of Indians and their eagerness to contribute to national growth. Despite many nur-turing dreams of starting their own businesses, financial hurdles often stand in their way. Enter Startup India, a supportive platform that aims to empower aspiring entrepreneurs, helping them turn their concepts into successful ventures. By fostering an environment where creativity flourishes, this initiative not only boosts economic progress but also ele-vates India's global standing. Through Startup India, the government is unlocking the na-tion's potential, steering it towards a brighter and more prosperous future for all. The term 'Incubation' originates from the Latin word 'incubation', which the an-cient Romans used to describe a practice of nurturing basic ideas until they blossomed into grand visions over time. When we talk about business start-up incubators today, we're borrowing and adapting the concept from medicine. These are places that support new ventures during their vulnerable early stages by offering physical spaces, communication tools, social connections, and access to funding. Being associated with an incubator and its sponsors also brings credibility and respectability to these startups. Moreover, incubators provide expert guidance and support from professionals to help these ventures thrive (Smilor & Gill, 1986; Aernoudt, 2004; Bollingtoft & Ulhoi, 2005).It's reported that the idea of business incubators started in the USA back in 1959 and then spread to Europe, South Korea, and other places in the late 1900s. In India, the government was quick to jump on board with the concept, launching a big nationwide pro-gram for business incubation in 2000 under the National Science and Technology Entre-preneurship Development Board (NSTEDB), which falls under the Department of Science & Technology, Government of India (NSTEDB Report, 2009).
It is a report which correlate you with your work done in an Industrial level. This report consist of my project overview, methodologies of approaching project, company profile where i have undergone through training, about tools used.
India’s 10 Best Institutions for Computer Science Studies 2019The Knowledge Review
The Knowledge Review thus introduces a special issue “India’s 10 Best Institutions for Computer Science Studies, 2019 ”, which highlights some of the best institutes in India which are transforming and enhancing computer education in a creative fashion
Students' Industrial Work Experience Scheme (SIWES) is a scheme developed for Undergraduates in NIGERIA to gain experience in the industry before graduating.
REPORT ON INNOVATION AND ENTREPRENEURSHIP FOR SUSTAINABLE GROWTH GOVERNMENT O...Harshita Bansal
This report describes the current innovation ecosystem and the challenges it faces, and it discusses the efforts made by the government towards the promotion of innovation for entrepreneurship development and sustainable growth.
Similar to Fostering innovation and entrepreneurship through university education - Road Ahead (20)
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
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