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Technology Entrepreneurship for Students


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Technology Entrepreneurship for Students

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Technology Entrepreneurship for Students

  1. 1. Students, Technology Trends, Entrepreneurship Prakash B Pimpale
  2. 2. Ahead Share Experiences, though few Doing the Best Possible in Student Life Technology Trends Practical Entrepreneurship
  3. 3. Doing the Best Possible in Student Life Study Well – What you are supposed to study! Have a topic of Interest and follow it Current Affairs of your field - Technology and Market Strong Application Oriented Projects  Relating to Fundamentals  Relating to Hot Applications  Innovation
  4. 4. cont… Extra Curricular – Communication, Courage, Leadership Focused Preparations for Job – One/Two Subject/s, Aptitude and General Interview Skills Try hands at innovating and commercializing something
  5. 5. cont… Utilize time well – We can’t expect anything more than this in globalized world!
  6. 6. cont.. Courses like:  Artificial Intelligence : Programming a Robotic Car  Programming Languages : Building a Web Browser  Image and Video Processing  Digital Signal Processing  VLSI CAD: Logic to Layout  Machine Learning  Natural Language Processing  From fields like Medicine, Biology, Economics …..
  7. 7. cont.. Programming
  8. 8. Technology Trends Artificial Intelligence Data Mining/Machine Learning and Statistics Communication Devices Web and Mobile Applications Intelligent Transport System, Agricultural and Environmental Electronics ... -- : Department of Electronics and Information Technology
  9. 9. Cont.. Example: Diabeto : Shrikant Pawar
  10. 10. Cont… Sensors will be in everything, and everywhere. - Reid Hoffman, LinkedIn Founder VC at Greylock
  11. 11. Entrepreneurship
  12. 12. Can't skip even a line of it More and more students are realizing that they can’t pass their degree in for a job upon graduation anymore. The old promise made by our education system was that if you worked really hard in school, you would be almost guaranteed a job as a reward for your efforts. Furthermore, corporations used to hire most of their interns into full-time positions. Both of these promises have been broken due to economic constraints and global competition. Based on a recent report by my company, we found that employers expect students to have at least one internship, yet only half of them are bringing on new interns and few have hired them into full-time positions. The normal path to growing your career is non-existent. In today’s world, you can’t rely on anything or anyone to make you successful – you have to be accountable for your own career and create your own path. - Dan Schawbel, Why Students Should Gain Entrepreneurship Experience Before Graduating, Techcrunch
  13. 13. Entrepreneurship: Act of being an entrepreneur - wikipedia defines entrepreneur as one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods Entrepreneurs
  14. 14. Skills Entrepreneurial skills Risk-seeking Innovation Change-orientation Persistence Visionary Technical skills Domain specific hard skills Communication Co-ordinating in team Interpersonal relations Biz Management skills Planning, formulating Goals, decision-making, motivating, marketing, accounting, negotiation
  15. 15. How It Goes  For 'some' reason you think of starting on your own  You get a chance to work on it  You start  You fail and succeed iteratively  You raise funding [Angel/Venture Capital]  You scale  You sell or you are all set for an IPO
  16. 16. What Exists and What may Excel
  17. 17. Contemporary Startups  Flipkart, Infibeam : Books, Electronic Stuff, Gifts, etc.  Bookmyshow, Bookmytrainings : Bookings  Makemytrip, Cleartrip, Redbus : Travel Booking  Dealface, Groupon : Group Buying, Daily Deals  Facebook, Twitter : Social  Naukari, Jeevansathi : Hunt  Paypal : Payment Gateway  Desicrew : Rural BPO  RangDe, Inkfruit, Airtel, Google, JustDial, NIIT
  18. 18. Next big  Analytics - Mu Sigma (Rs 580 crore from Sequoi and General Atlantic)  Online Docs – zoho  Social Net - Custom social nets  Electronic Commerce – Buildabazaar,  Daily Deals/group buying – Groupon, mydala, daily deals, snapdeals  Telcom – Internet, applications, low cost services [?]  Non Tech- Agriculture, Health Care, Human resource/staffing, transport, banking, food, Clean tech (Solar, environment friendly products) ?
  19. 19. Where to start
  20. 20. Online forums  NASCOM Emerge Community  National Entrepreneurship Network   iamstarting – interviews with founders  TechCrunch  open Coffee clubs / POCC  Paul Graham Essays (Y Combinator)
  21. 21. Offline Stuff  Magazines : Entrepreneur, DARE, Udyojak (Marathi)  Books: Many out there, For starters- books by Rashmi Bansal Read anything and every thing that interests you : An entrepreneur always looks for an opportunity in everything, almost everything!
  22. 22. Events  Startup saturday   StartUp city  iWeekend  Startup Garage, pune  NASSCOM Emerge  TiE – The Indus Entrepreneurs  Tata Jagriti Yatra
  23. 23. Funding  Venture Capital: Sequoi capital, Cannon Partners, (Vinod) Khosala Ventures  Incubators (SINE IITB/CIIE IIMA)  Angel Investors – Mumbai Angels, Indian Angel Network  Public – NSE/BSE Seed.Early.Growth
  24. 24. Government Initiatives  National Science & Technology Entrepreneurship Development Board (NSTEDB), DST India  Technology Development Board (TDB), DST India  Incubators at IIMA, IITB, NCL Pune and many more by TDB  National Innovation Foundation – Competitions, Joint Product Development, ideas, Patenting
  25. 25. Why is this right timeto start  for technology startups – opensource, digitisation, user maturity, funding  for non tech startups – low cost processing with automation, focus on core business, consumerism and growing incomes, awareness about the standard of living, funding
  26. 26. Startup Jobs
  27. 27. Any ideas? Thank you!
  28. 28. lifetimeusefulquote