Entrepreneurship key to Indias future success

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Entrepreneurship key to Indias future success

• Dr Shailendra Vyakarnam

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Mission statement

• The UK INDIA Business Council (UKIBC) is the
  lead organisation supporting the British
  Government in the promotion of bilateral trade,
  business and investment between the two
  countries.
• UKIBC will seek to play an influential role in
  creating and sustaining an environment in which
  free-trade and investment flourishes. A key
  objective in this regard will be the
  highlighting, and dismantling, of bureaucratic
  and regulatory barriers to entry.
• Through the facilitation of partnerships, and
  with the support of an extensive network of
  influential corporate and individual members,
  UKIBC will provide the resource, knowledge and
  infrastructure support vital for UK companies to
  make the most of emerging opportunities in India.

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Mandatory wow stats!

• VC investment in start-ups growing
• In 2006 - 7.5bn in 299 deals
• IT and ITES received 70 of investments
• 400 surge in investments
• At least 7 US VC funds raising money for India
  including Draper Fisher Jurvetson, Matrix,
  Battery, Norwest, Bessemer and Sequoia which is
  most active.

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More wow stats or Ow stats you decide!

• Growing base of business incubators supporting
  technology ventures
• 14 m Graduates in India (from 1.2bn population)
  with 2.5m new ones every year (i.e. more than
  EU/USA combined!)
• IITs prestigious 1293 in 2006 of which 105
  PhDs, 551 Mtech rest made up of other degrees
  (incl Btech)

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Big forces for social change

• The wall - Russia
• China entered capitalist markets
• India started to dismantle the license Raj
• Overnight changes in favour of free
  markets/capitalism (not yet sure about
  democracy!)

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Entrepreneurship is becoming a social movement.

• Even educated people are going into business!
• NEN
• Universities talk of incubation, education
• Dr Abdul Kalams speech
• Social enterprise is a big phenomenon
• CII innovation grid

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Building the evidence
Lakshmi Mittal Arcelor Sunil
Mittal Airtel Kiran Mazumdar Biocon Dr
Narayana Murthy Infosys
Arun Sarin Vodaphone CEO Indra Nooyi CEO
Pepsi Sanjiv Ahuja Ex CEO Orange Lord
Karan Bilimoria Cobra Beer
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The future is here! In our midst so it is not
so much about entrepreneurship is the future More
a case of our being able to see it!!
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What do they do?

• One Nanotech going for AIM listing
• Social enterprise outsource outsource
• Global Online education provider
• Retail IT/RfID solution for India
• Web 2.0
• Market intelligence
• Software

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Conclusions

• It is here!
• Stats show the rapid growth of entrepreneurship
• Demographic dividend
• Indian entrepreneurship not just for Indias
  benefit they have a global mentality
• Young generation want to do what role models are
  doing rather than work for them
• Might lack experience but making up for it with
  speed, energy, IQ
• State run organisations are looking tired and out
  of date Indians willing to get on with it

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www.ShaiVyakarnam.blogspot.com