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 ?

1. The Entrepreneurial
University / College
K. Rajaraman
Director, Entrepreneurship Development Institute
www.editn.in

2. Entrepreneurship as a Competency set

Entrepreneurship as “the dynamic,
interaction between entrepreneurial
attitudes, Entrepreneurial
abilities, and entrepreneurial
aspirations by individuals, which
drives the allocation of resources
through the creation and operation
of new ventures.”

In short, entrepreneurship can
be felt, measured & grown!

3. 
Joseph Schumpeter :

Theory of “creative destruction”

Innovators & New firms unleash
creative destruction
Importance of
Entrepreneurship & Innovation

4. Importance of MSMEs & Startups

Young firms with innovative technology
have the highest potential capacity to
generate a large number of jobs.

EU : 60% jobs accounted for by SMEs.

Germany : 80% jobs come from SMEs.

S. Korea : 90% jobs generated by SMEs.

5. Importance of MSMEs & Startups

In India, the MSMEs employs 40% of the
workforce. Has huge potential

By 2020, 63% of India’ s population will
be of working age.

Low entrep rates : Only 0.09 companies
were registered for every 1,000 working
age person

6. 
84.79 lakh job seekers, which includes
18.05 lakh undergraduates and another
6.13 lakh postgraduates.

Over 3.3 lakh engineering graduates
await jobs

1.71 lakhs are engineering graduates.

1.59 lakh are engineering PGs.
Tamil Nadu Scenario 2014

7. What kind of entrepreneurship should
HEIs promote ?
Source: Global Entrepreneurship Index 2016
Where are
We ???

8. Is Entrepreneurship for everybody ?

95% will go as managers

PECs help students become intrapreneurs –
think and act like the owner of your
company

PECs help students see, seek and grab the
best opportunities

PECs help students take risks ad manage
them


5% will become entrepreneurs

We will see as to how PECs help business
owners

9. 
What options do students from families in
business have in HEIs? Do HEIs prepare them
for such responsibility? Should not colleges be
inclusive and sensitive to requirements of
such sections ?

Should HEIs discriminate against aspiring
entrepreneurs (5%) and be an entirely
placement led institution?
Why entrepreneurship in Colleges ?

10. 
Entrepreneurship is about competencies
(attitudes+abilities+aspirations). Would not
education be meaningless if it does not lead
to competency development ?

Will not entrepreneurial competencies be of
use for the 95% who do not aspire to become
entrepreneurs at this point of time, given that
employers prefer entrepreneurial
(intrapreneurs) employees ?
Why entrepreneurship in Colleges ?

11. 
Strategic initiative 1 – Increasing the
share of manufacturing in TN
economy

Strategic initiative 2 - Making SMEs
vibrant

Strategic initiative 3 - Making TN
Knowledge Capital and Innovation
hub of India
Tamil Nadu Vision 2023

12. EDI Vision & Mission

Creation of an aspirational entrepreneurship
culture ie., opportunity driven
entrepreneurship, NOT necessity driven!

Enhance support ecosystem for
entrepreneurs

Launches Innovation and Entrepreneurship
Development Program (IEDP) for Colleges
(www.editn.in/pages/iedp.html )

13. Process oriented approach to E&I
in Universities and Colleges

14. Current status

Placement culture (Good, but not enough)

Reflect cultural mindset of poor risk-taking

Most colleges indifferent to ED & I

Colleges conduct EACs, while few
colleges have EDCs & Bis, fewer have
incubators

ED&I activities are fund & donor driven
and

Not Vision driven

15. Today ...

16. Institutional Vision

Aspirational entrepreneurship culture built
up within college by 2017 : Management,
alumni/students & faculty

College as a Collaboration hub: between
faculties, alumni,local industry, banks, etc.

Supportive ecosystem established in stages
within college by 2017

An interim goal : 5 Alumni or students
passing out launch own enterprises from
2018 ….. ?

17. From Events to Processes...
Plan and implement these three interlinked
processes :

College E&I Ecosystem Enhancement
Processes

Faculty & Student E & I Competency
Development Processes

Faculty & Student Innovation Promotion
Processes

18. College E&I Ecosystem
Enhancement Processes

19. Ecosystem Enhancement Process

ED & I Vision :: Buy-in from management
& all faculties for long-term ED&I
processes, resources

Partnerships: College ED&I Council with
successful entrepreneurs & alumni, local
bankers

Breaking down silos: Faculty training on
E&I across ALL faculties

Institution E&I Policy: Policy and
Incentives for faculty and Students

20. College E&I
Council
ALL FACULTY
Banks
Angels
VCs
Successful
Entrepreneurs
Local
Alumni
R&D Labs
CSIR
ICAR
ICMR
Local
Industry
MSMEs &
Large
Industry
Mentors
Retired
Entrepreneurs,
Researchers
bankers
Tech Transfer
Office (TTO)
IP Advisors
BIRAC
GITA
NSTEDB
DEITY
College E&I
Council
ALL FACULTY
R&D Labs/COE
Incubator
Students
E&I Club
THESTARTUPCOLLEGE

21. Student & Faculty
E&I Competency Development
Process
(applies for intrapreneurs too ...)

22. GEI : India jumps 29 places !
Source: Global Entrepreneurship Monitoring Report 2017

23. Student Entrepreneur Competency
Development Processes

24. ECDP : Year 1 (Those interested – 10%?)

Process to commence in 1st year for students
of all faculties & alumni (final year is too late)

Entrepreneurship Awareness Workshops

Competency assessment self tests

E&I Courses : Design Thinking, Innovation,
Entrepreneurship, with participation credits

Successful STARTUP entrepreneur Interaction

E-Club membership (only on signup). EVERY
CANNOT BE AN ENTREPRENEUR

25. ECDP : Year 2 : 5% group

Online Courses : NEN MOOCs on
Design Thinking, Entrepreneurship,
Innovation, Creativity (NENonline.tv)

Run-your-company programs

Business idea competitions

Business Opportunities Workshops

Internships in Successful STARTUPs

Business case challenge competitions

26. ECDP : 3rd
and Final year :: 1% group

Seed funding : Idea to POC

Prototyping & Test marketing

Product marketing plan

Business Plan preparation (alumni/other
entrep. /Students)

Financing workshops & tieups

Business launch

27. Faculty & Student Innovation
Promotion Processes

28. Innovation Quality:Global Innovation Report 2016

29. College Innovation Policies (KTU/GTU)

Student & Faculty E & I Policy
 E&I electives (Entrepreneurship, Design Thinking,
etc) with credits for E&I activity (Online/offline)
 Innovative & relevant PRODUCT work (project work)
 Incentivise R&D, publication & patent filing by faculty
 Faculty permitted to take board/equity positions
 Faculty & student enterprise sabbaticals permitted

IP Policy
 IP creation & commercialisation given importance
 IP value sharing policy (institution, industry, faculty,
student)
 Financial Support for IP registration

30. College Innovation Attitudes

Business & Value orientation

Allow innovation mindsets

Multi-disciplinary teams (joint R&D teams
from medical college, engg college,
management faculty etc)

Allow for & learn from failures

31. College Innovation Focus

Focus on applied, translational & joint
research

Strong connection to local economy:

Farmers associations, Womens groups

Research centres : IICPT, NRCB, ..

Industry, Business Associations

Annual ideation contests with local
players to identify problems &
opportunities

R&D focus on local & regional problems

SME problems → competitiveness & quality

Urban problems → Smart liveable cities

32. Innovation Infrastructure

Attract top PhD faculty

Adjunct faculty from Industry

Strong research labs and
programs

Inter-disciplinary research teams

R&D labs plug into incubator

Industry partnership (Research,
Adjunct faculty, Funding)

33. Innovation Infrastructure

Innovation spaces : Fablabs,
Biohacker spaces

Technology Incubators

Get in Technology Innovators

Seed & Angel funding tie ups

IP training and advisors

34. Innovation Funding

Consultancy assignments from Industry

CSR grants from Large companies

Startup Action Plan 2016

Atal Innovation Mission (NITI Aaayog)

BIRAC / NSTEDB / DEITY Programs

GITA (joint projects with MSMEs)

MSMED (GOI) Programs

State Innovation Fund

35. Innovation Processes

36. ENTERPRISES LAUNCHED
Life Sciences – 5,
Manufacturing – 10
Services – 25
IT & IteS – 10
(Students – 10, Alumni - 40)
Tomorrow ….

37. Desired outcome : Hi Quality NOT numbers!!

Vignesh Janakiraman

Director at Plasmatech
Solutions Pvt Ltd

C/o VIT Incubator

Efficient recovery of
valuable proteins
from human plasma

IP developed @ VIT

PhD @

Université de Bordeaux

38. Desired outcome : Hi Quality NOT numbers!!

Lakshmi & Venkat

R&D @ PSG STEP

Aries Biomedical is the
R&D service provider in
the field of Biomedical
and Biotechnolgy. We
have indigenous
product to monitor NCD
diseases in the form of
Remote diagnosis and
wearable technology.

39. Desired outcome : Hi Quality NOT numbers!!

Dr. Kavitha PhD

FIB-SOL

@ IITM BioIncubator

Liquid bio fertilizers
(LBF) and Fertilizer
carrying membrane
(FCM) are the two
products developed at
FIB-SOL, which,
comprises of microbial
formulations

40. Getting started
We can get started by supporting
proven businesses
or
family businesses
by students or alumni

41. The Entrepreneurial
College :: Can each of you
get the Top Management
prepare a 10 year
Roadmap ?

42. Way forward

Form a E&I Council – bring in top partners

Announce a E&I Vision & Policy

Revamp internal processes by removing
blockades to E&I

Monitor outcomes

43. Outcomes
Sl Outcome Indicators
Entrepreneurship
1 Number of Startups currently being incubated within
HEI
2 Seed capital grants or angel funding arranged for
startups in HEI
3 Current employment by enterprises under incubation &
graduated
4 Gross annual turnover of enterprises under incubation
& graduated last year

44. Outcomes
Innovation
1 Number of patent families filed in more than 2 offices
2 Number of patents that have been incubated into
enterprises
3 Number of patents licensed to external industry
4 Royalty revenue from patents commercialised
Regional Economic Development
1 Number of local MSMEs being assisted currently in
problem solving or technology support
2 Industrial Consultancy Turnover last year

45. The ultimate goal:
A Regional Ecosytem Hub
Jeff Immelt, Chairman GE,
on MIT
“Culture and attracting the right talent are
also why we are moving from suburban
Conecticut to downtown Boston. Its an
ecosystem made by and for innovation. In
Boston, we can be challenged by a doctor
from MassGen or a student from MIT. We
need to be in this environment.”

46. Thank You!
dir@editn.in
http://www.editn.in/
Entrepreneurship Development Institute of Tamil Nadu
(An autonomous society of the Government of Tamil Nadu)
Parthasarathy Koil Street,
SIDCO Industrial Estate, Guindy,
Chennai-600032 TN INDIA
Twt: https://twitter.com/edichennaitn, https://twitter.com/StartupTNGOVFbk:
https://www.facebook.com/EDITamilNadu/
Tel : +91-44-2225-2081/82/83/84