Presentation on theme: "CEL Center for Entrepreneurial Leadership BITS Entrepreneurship Model By Prof Arya Kumar Chief ED &IPR Unit, BITS, Pilani and Prof Anil Bhat, Group Leader."— Presentation transcript:
CEL Center for Entrepreneurial Leadership BITS Entrepreneurship Model By Prof Arya Kumar Chief ED &IPR Unit, BITS, Pilani and Prof Anil Bhat, Group Leader Management, BITS, Pilani
Center for Entrepreneurial Leadership, BITS Pilani OPPRRTUNITIES FOR ENTREPRENEURSHIP – INDIAN ECONOMY Most lucrative and exciting emerging markets in the world today. 19th century belonged to Europe, 20th century belonged to America and the 21st century is likely to be Asia’s. Goldman Sach has rightly commented that “Economics of Knowledge “if exploited properly, could lead India into world’s three biggest economies by 2050 The critical input to give a big boost to Indian Economy would be the entrepreneurial mindset of its human resources.
Center for Entrepreneurial Leadership, BITS Pilani KNOWLEDGE DRIVEN ENTREPRENEURSHIP Intellectual property and its impact would play a critical role for breeding and nurturing entrepreneurship. The size of emerging market opportunities in the IT software industry alone is expected to touch $50 billion (Rs2,30,000 crore) by the year To respond to this challenge India’s pool of software professional has to increase from present level of 8 lakhs to 21 lakhs by 2009.
Center for Entrepreneurial Leadership, BITS Pilani BITS CORE STRENGTHS 1. BITS- Industry Linkage & Distance Learning Programme Started in At present this linkage has been institutionalized with 208 organizations. “Asiaweek” has rated BITS DLPD Program as No.1 in India and No.3 in Asia. At present 28 Programme of studies are run in collaborative arrangement with 80 organizations. 3. Academic- Strength With a Faculty base of 323, 65% of who teach interdisciplinary courses, 33% have produced text material and books and 93.5 % are PhD’s or pursuing PhD’s. 4. Motivated large captive high quality student population. High Quality Student Input. Innovative and flexible educational system predisposes them to new ideas and innovative approaches and hence greater probability of their turning out to be entrepreneurs. 5. BITSAA Very active and dynamic Alumni Body - Entrepreneurship Centered 6. DST/UGC
Center for Entrepreneurial Leadership, BITS Pilani ENTREPRENEURIAL OPPORTUNITIES KNOWLEDGE INDUSTRY OPPORTUNITIES BITS – ENTREPREN EURSHIP OPPORTUNI TIES BITS – ENTREPRENEURSHIP OPPORTUNITIES SPACE
Center for Entrepreneurial Leadership, BITS Pilani BITS BRAND EQUITY STUDENTS 4000 HIGH QUALITY ON CAMPUS, OFF CAMPUS PURSUE 28 GROUP PROG. AT FIRST, HIGHER DEGREE &PhD INDUSTRY > 208 ORG.OPERATE PS I/PSII DLPD 28 PROG. > 2500 ORG.HAVE SPONSORED EMPLOYEES TO WILP ALUMNI HIGH INCIDENCE OF ENTREP. FACULTY 323 MEMBERS, 33% PRODUCED TEXT MATERIAL & BOOKS GOVERNMENT UGC/DST ENGAGING STAKE HOLDERS NEN CEL
Center for Entrepreneurial Leadership, BITS Pilani Strong Alumni Network Institutionalized industry linkage Support from Government Enthusiastic faculty members Unique and Flexible Learning Environment High quality student input Above all NEN partnership We ensure that each stake-holder’s interest is taken care of and mutual benefit is derived. Instrumental in Systematic Promotion of Entrepreneurship Our Model Based on
Center for Entrepreneurial Leadership, BITS Pilani Center for Entrepreneurial Leadership and not “Centre for Entrepreneurship” set-up as the eighth center of excellence in CEL-BITS could get recognition of becoming a part of five institutions selected (out of 200 institutions, which participated) through a rigorous process of selection by the Wadhwani Foundation for forming a hub for National Entrepreneurship Network (NEN). Vision and the Mission of CEL are “To create business leaders in all spheres of life with entrepreneurial thinking “ and “To inspire BITSians to play a prominent role in leading diverse entrepreneurial activities in the country and making a significant contribution in global entrepreneurial innovation “ CEL – VISION ….
Center for Entrepreneurial Leadership, BITS Pilani BROAD GOALS Facilitate entrepreneurial activity on campus. “Sow the seeds “of entrepreneurial leadership across disciplines. Bridge the gap between industry and the academic curriculum. Facilitate commercialization of R&D efforts at BITS. Inculcate the value of social responsibility in every BITSian. Channelizing innovation and creativity of students towards productive outcomes. Build a high quality eco-system on-campus to support resource strapped start up ventures.
Center for Entrepreneurial Leadership, BITS Pilani STUDENT ACTIVITIES EXECUTIVE DEVELOPMENT ENTREPRENEURIAL EDUCATION ENTREPRENEURSHIP DEVELOPMENT PROGRAMMES WORKSHOPS SHORT DURATION PROG. CONFERENCES CONQUEST BbB MELS APOGEE Alumni Entrepreneur Meet PROGRAMMES OFF-CAMPUS DISTANCE LEARNING -GMP - B.S/M.S - COURSES - CASES SPECIAL STUDY ORIENTED PROJECTS FACULTY DEVELOPMENT PROGRAMMES PUBLICATION BOOKS MANUALS PAMPHLETS PAPERS/ARTICLES NEWSLETTER CEL- Deliverables
Center for Entrepreneurial Leadership, BITS Pilani AWARENESS KNOWLEDGE/ COMPREHENSION ATTITUDE CHANGE INTENTION ENTREPRENEUR- SHIP/VENTURE BBB DISTANCE LEARNING PROG. MELS COURSES BUSINESS SIMULATION GAMES/I4RI CONQUEST SDP/SEMINARS/CO NFERENCES EDP/WORK- SHOPS INCUBATION BITS ACTIVITIES- IMPACT MODEL
Center for Entrepreneurial Leadership, BITS Pilani Structural Framework for Entrepreneurship Development Programmes at BITS Entrepreneurship Basics Self-assessment/Creating an Entrepreneurial Mindset Opportunity Identification & Assessment Business Plan Preparation – Creating & Starting a Venture Financing New Venture Managing Change & Growth Pedagogy For Conduct of EDP’s Experiential Pedagogy using Games, Cases, Presentations, Assignments, Educational Films, Group Activities, Interaction with Entrepreneurs Project work linking various Modules running through the Programme is an essential Feature
Center for Entrepreneurial Leadership, BITS Pilani CURRENT STATUS – at a glance 2 Introductory Courses 2 Specialized Electives 1 Faculty Development Programme on Entrepreneurship 1 National Conference on Entrepreneurship Culture in Sept 2005 1 National Convention on Energizing Entrepreneurship in Academia Through Innovation in Oct 2006 4 Business Plan Competitions CONQUEST – 2005 first winning team from BITS “Jan Swasthya Rakshak” went on to win the first prize in the A.Lorne Weil Outrageous Business Plan competition conducted by Columbia University and the runners-up “Habits” have already started the venture (www.habits.in). BITS team also won the second prize in business plan competition organized by IIM Bangalore in In April 06’ Mobile Medics Business Plan won top honors in the 2006 Global Social Venture Competition (GSVC) (www.socialvc.net). CONQUEST is now listed on the directory of Global Business Plan Competitionswww.habits.inwww.socialvc.net A Faculty Member from BITS participated in the Global Faculty Colloquium that provides faculty around the world with details on how to create and operate multi discipline and multi- functional entrepreneurship Center between April at Haas School of Business, UC Berkeley In-house Learning Sessions (IHLS) 2 Competitions held under “Ideas for Rural India” (I4RI)
Center for Entrepreneurial Leadership, BITS Pilani 6 workshops and 30 interactive sessions with Entrepreneurs under “Meet an Entrepreneur Lecture Series (MELS)” 2 Executive Development Programmes1 Student Entrepreneurship Club ‘CEL’ A student was selected as a delegate to participate in the Asia Pacific Student’s Entrepreneurship Society (ASES), Summit – 2007 organized by Stanford University between 8th April and 14th April. Stimulus – a simulation software developed by students can give market analysts a run for their money Bimonthly Entrepreneurship Newsletter “ Pulse” “Aspire” Newsletter brought out for inter- national circulation during Conquest 2007 13 sessions BITS Big Bout ( BbB) a pre-researched panel discussion 1 Technology Business Incubator 1 company incubated and 3 companies started by CEL members 12 Faculty involved in courses, incubation & other entrepreneurship activities Live discussion on Entrepreneurship with eminent panelists from Silicon Valley organized by BITSAA International was brought in for the benefit of students on campus.
Center for Entrepreneurial Leadership, BITS Pilani KEY CHALLENGES FOR ENTREPRENEURSHIP DEVELOPMENT Strengthen,sustain and scale-up the activities for promotion of Entrepreneurship Enough success stories and Role Models to thwart the Lure of high paying job opportunities and negative middle class mindset of low Risk taking Continued lack of social support for venturing into Entrepreneurship Highly competitive business environment Presumably high financial entry barrier To gather enough support for Start-up ventures from financial markets/venture capitalists/Angel financiers
Center for Entrepreneurial Leadership, BITS Pilani A SNAP SHOT OF STAKEHOLDERS VIEWS "NEN will bring different players on to a common platform to share experiences and cooperate in propagating and promoting the culture of entrepreneurship. This effort should go a long way in contributing to the growth of national economy." (Prof. S. Venkateswaran, Professor Emeritus-cum-Advisor and former Vice Chancellor, BITS ) “The aptitude for entrepreneurship amongst young people has to be cultivated from the beginning in the university environment. Center for Entrepreneurial Leadership (CEL) at BITS has been established to institutionalize the promotion of entrepreneurship by putting into effect activities linking various stakeholders viz. Students, Faculty, Alumni, Industry, Government and the National Entrepreneurship Network (NEN). The Center aims to create an entrepreneurial mindset to accelerate the process of wealth generation and jobs creation for the benefit of the community and the nation.” (Prof. L.K. Maheshwari, Vice Chancellor, BITS) “I consider myself a convert. When I joined BITS I only knew a few entrepreneurs like Sabeer Bhatia and Bill Gates. There was a time when I would be satisfied with a salaried job and a hassle free life. However, now that I have been a part of CEL and my internship at the start-up, there is definitely an urge to start something on my own.” (Jimit Arora, BITS Pilani, alumnus, 2004) “We should do everything necessary to increase the ranks of young people who are risk takers, high energy, and hungry for success; they will help create new jobs and new markets for India. NEN can be exploited to the fullest to build the right kind of resources for this purpose.“ (Vinod Agarwal, BITS alumnus & CEL Advisor, Chairman & Chief Strategist, Logic Vision)
Center for Entrepreneurial Leadership, BITS Pilani NEN Partnership NEN came in at a point when our Institute was concerned about developing an entrepreneurship program that would prepare our students for the future. Access international academic resources and benefit from the NEN STVP EEC program. The NEN team is informal, harmonious and inspiring to work with. The TiE networking events conducted by NEN was a platform that helped us build a good network with entrepreneurs in India and across the globe. Networking with other institutes and faculty members is very useful.
Center for Entrepreneurial Leadership, BITS Pilani For CEL, the NEN partnership has become a gateway for development and sharing of high quality resources, an access to world class educational products and programmes across the network. CEL efforts have started yielding a positive attitudinal change amongst BITSians towards entrepreneurship. Attributed to increasing awareness amongst students regarding importance and benefits of becoming an entrepreneur as also the educational environment to which students at BITS get exposed. Process of greater exposure and opportunities to students to learn, understand and practise about entrepreneurship would go a long way in improving the conversion factor of their becoming entrepreneurs under different CEL Activities.
Center for Entrepreneurial Leadership, BITS Pilani Plans for Future Envision Pilani to be the hub of entrepreneurship in years to come. To develop high impact innovative entrepreneurship development programs to enable formation of new high- growth companies. To offer some more collaborative corporate executive development programs. We want to lift CEL to the next level through continuous improvement and focus on entrepreneurship.
Center for Entrepreneurial Leadership, BITS Pilani The BITS experience suggests that with its strong Alumni network, institutionalized industry linkage, unique and flexible learning environment and high quality student input coupled with NEN partnership, is being instrumental in systematic efforts in promotion of entrepreneurship. It has started yielding results and would go a long way in changing the mind-set of the youth and enabling them to avail emerging opportunities in high-tech and high-growth industries.
Center for Entrepreneurial Leadership, BITS Pilani Quitters Never Win and Winners Never Quit. Jim Mclamore I look at it this way: I’ve been broke five times in my life. One more time won’t hurt. Walt Disney Success should not be measured in dollars. It’s about how you conduct the journey, and how big your heart is at the end of it. Howard Schultz If you can’t do something first class, don’t do it. Ted Turner Life is too precious to be wasted in doing work you don’t LOVE. Tom Monaghan
Center for Entrepreneurial Leadership, BITS Pilani Thank You