Entrepreneurship.....value for the Indian Economy
As more and more research goes into understanding the contributions and characteristics of entrepreneurs and their ventures, there emerge newer experiential learning opportunities such as internship, networking events and mentorship programs.
Another visible rising trend is that of young techies giving up cushy jobs for the sake of venturing into different fields.High employee burnout is not the only cause for this, but the desire to get into challenging, upcoming fields, as also to channelise their creativity and energies in the same direction as their dreams.Also, India offers the right opportunities , both in terms of an optimum environment for innovation, a highly knowledgeable resource pool of individuals and the
importance of wealth creation.
These entrepreneurs are people who take up the challenge of turning their dreams to reality and follow their heart.This has automatically created a high value for the endeavour of entrepreneurship, so much so, that it is now a part of the educationscenario.For instance, the National University of Singapore organises a Business Plan Competition for upcoming entrepreneurial projects...
"Start-Up@Singapore is a national business plan competition and enterprise launcher jointly organized by the National University of Singapore (NUS) Entrepreneurship Centre (NEC), NUS Business School Alumni Association (NUSBSA) and NUS Entrepreneurship Society (NES).
First launched in 1999, the Start-Up@Singapore competition and enterprise launcher has grown and evolved to become a highly regarded launching pad for start-ups, attracting aspiring entrepreneurs, VCs, chief executives and senior managers from the entire entrepreneurial venturing community.
Since 1999, Start-Up@Singapore has attracted more than 845 teams and 2800 participants, spawned more than 40 start-up companies, including award-winning businesses like Friartuck, PerceptiveI, PurpleACE and Quantagen, and attracted international participants from Australia, Canada, China, France, Germany, Greece, Hong Kong, Korea, India, Malaysia, Norway, Philippines, Pakistan, Russia, Taiwan, UK, US, etc. Last year attracted a record of 245 entries.
The diverse entries have come from both local and overseas, from students and working professionals, cover areas ranging from IT & wireless telecommunications, life sciences to training consultancy .
The competition provides a network of resources for teambuilding, networking, mentorship, entrepreneurial education and capital. It rewards all competitors with feedback from qualified judges and provides capital in the form of S$70,000 in cash prizes and additional in-kind products and services to be divided among winning teams.
The goal of the competition is to encourage participating teams to go on to form start-ups and because of the many opportunities available, many of these teams will go on to receive funding by business angel investors or venture capitalists. The essence of the Competition is in the participation process, which provides an opportunity for would-be technopreneurs and entrepreneurs to tap on a network of CEOs, venture capitalists and business angels for guidance, mentorship and even funding for their potential new business creations.”
(www.startup.org.sg)
EUREKA 2006 is a similar Indian endeavour.I am sure more such programs are welcome in India and will be of great value to the Indian economy as more and more brilliant students embrace entrepreneurship and create wealth for the country!!!
