Facilitating Innovation & Entrepreneurship 2ND GLOBAL FORUM … · 2020. 7. 3. · BAD ROADS...

1www.nstedb.com www.techno-preneur.net www.incubatorsnetwork.com

H.K. MITTALADVISER & HEAD

NATIONAL SCIENCE & TECHNOLOGY ENTREPRENEURSHIP DEVELOPMENT BOARD

(NSTEDB) DEPARTMENT OF SCIENCE & TECHNOLOGY, GOVERNMENT OF INDIA.

Facilitating Innovation & Entrepreneurship

2ND GLOBAL FORUM ON BUSINESS INCUBATION

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OUR ROLE ?

Linear processes of governance

Non linear processes of Scientific, Innovative Entrepreneurial worldArea of perpetual

Interfacial tensionWorking at the interface

www.nstedb.com www.techno-preneur.net www.incubatorsnetwork.com



HOW DID WE START ?

MYTHS, ASSUMPTIONS, REALITIES & FACTS :

LARGE POPULATION IS A BURDEN

POOR COMMUNICATIONBAD ROADSSHORTAGE OF ELECTRICTYINADEQUATE TRANSPORTATION, AUTOMOBILE

LARGE MARKETEDUCATION DOES NOT PROVIDE EMPLOYMENTPOLITICS IS REATRDING THE GROWTHLOW FOREIGN EXCHANGE RESERVES

INFRASTRUCTURE


IGNITION OF CHANGE

• LIBERALISATION OF ECONOMY IN 1991

• Y2K RAISED THE MUTUAL CONFIDENCE

• SUPPLY DRIVEN: CONVERSION OF KNOWLEDGE WORKER TO KNOWLEDGE ENTREPRENEUR.

• DEMAND DRIVEN: CHANGING DEMOGRAPHIC PROFILE OF DEVELOPED NATIONS. World statistics in next slide

FOUR MAJOR SPARKS:


DEMAND LEAD CHANGING DEMOGRAPHIC PROFILE

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THE RISE OF INNOVATIVE ENTREPRENEURSHIP IN INDIA


Emerging World

• India is globalising, the world is going thru a major change

• Resulting in a “borderless world” where five I’s freely flow – Investments, Industry, Information, Ideas and

Individuals– Incubation can be the sixth


THE ECO-SYSTEM IN GENERAL IS NOT CONDUCIVE ENOUGH.

INNOVATIVE IDEAS MAY HAVE LONGER GESTATION PERIOD.

THE SKILL SET OF THE ENTREPRENEUR IS NOT FULLY DEVELOPED.

THE NATIONAL POLICY TO DEVELOP A PARTICULAR SECTOR.

Why Incubation ?


WHY INVEST IN INCUBATION ?

IN THE KNOWLEDGE ECONOMY WEALTH GETS CREATED THROUGH INNOVATION, IDEAS & CREATIVITY.

DO WE HAVE A ECOSYSTEM LIKE SILICON VALLEY & CAMBRIDGE ? IF YES PROBABILY THEN WE DON’T NEED INCUBATION.

NURTURING, MENTORING, SUPPORTING, FACILITATING, CONNECTING, ARE THESE WORDS PART OF OUR INDUSTRIAL POLICY



INCUBATION & IT’S IMPACT ON NATIONAL DEVLOPMENT

IS IT POSSIBLE TO SOLVE ALL ECONOMIC PROBLEMS

THROUGH INCUBATION ?

NO !


IS THE NUMBER OF UNITS IN THE INCUBATORS LARGE ENOUGH TO MAKE AN IMPACT ?

IN INDIA LESS THAN 0.01% COMPANIES ARE INSIDE THE INCUBATORS AND PARKS.

THEY ARE INNOVATIVE KNOWLEDGE BASED TECHNOLOGY DRIVEN & HIGH GROWTH

THEY DEVELOP INNOVATIVE PRODUCTS WHICH APART FROM BEING COMMERCIALLY REWARDING ARE SOLUTIONS TO PROBLEMS e.g. Palteer Chips, Vaccines



IS INCUBATION ONLY ABOUT CUTTING EDGE TECHNOLOGY VENTURES ?

DEPENDS ON THE GROUND LEVEL CONDITIONS OF THE ECONOMY.

IN INDIA WE HAVE INCUBATORS WHICH WORK AT GRASS ROOT AS WELL AS AT CUTTING EDGE LEVEL OF TECHNOLOGY

IN FACT FIRST 15 YEARS WE WORKED AT THE MIDDLE LEVEL



WHAT DO YOU NEED TO SET UP A GOOD INCUBATION PROGRAMME ?

• A POLITICAL WILL AND SUPPORTIVE & INFORMED BUEROCRACY

• A SUITABLE HOST INSTITUION

• A GOD GOOD INCUBATION MANAGER

• “FUNNY CAPITAL” BACKED BY MENTORS & BUSINESS COACHES

• SOCIAL SYSTEMS TO ENCOURAGE & DECOUPLE BUSINESS & PERSONAL FAILURE



PRESENT SYSTEMS

& PROCESSES

PICTURE COURTESY ALL INDIA MANAGEMENT ASSOCIATION


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• Initiated in the year 2000, after 15 years of STEP Programme.

• With an aim to offer conducive environment to nurture new ideas leading to growth of new knowledge based and technology driven enterprises

• Primary target : Academic and R& D institutions


Initiation of TBI programme


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Scouting for Innovation Selection of Innovators, IP evaluation and signing NDA (Non Disclosure Agreements) Service and shareholder agreement with incubatees, whatever is

applicable Infrastructure and services to selected incubatees and initiating

mentor programme Providing access to technology and related networks Commercialization Activity - entrepreneurial Venture, business plan, market research, consultancy, legal, finance and other support Graduation of the incubatees

BROAD METHODOLOGY ADOPTED



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Profile of Indian IncubatorAverage Project cost : USD 1mnDST Contribution : 50- 70%Average number of tenants : 6Average Tenancy period : 2 yearsSuccessful Enterprises : 4 per annumSurvival rate of start-ups : nearly 70% Legal Status : Part of host Institute/ not forprofit registered societySelf sustainability : 5-6 years



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INCUBATION SYSTEM

• Focus on IT , BT, Design, Agribusiness, Environment Engg , New Materials

• Primary target : Academic and R& D institutions

• A mission mode activity targeting 5 new TBIs every year

• Different models being tried


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Incubators in IndiaSome Examples:

• Agri Bio Technology at ICRISAT Hyderabad

• IT & Electronics at IIT Mumbai• Bio-Tech & Pharma at ICICI Knowledge

Park• Design Business Incubator at NID

Ahmadabad• Advance Composites at CDC Bangalore• Virtual Incubator at IIM A



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NEW INITIATIVES………..

• SEED SUPPORT SYSTEM FOR START-UPS

• NETWORKING WITH NATIONAL LEVEL ORGANISATIONS

• INTERNATIONAL CO-OPERATION NEXT GLOBAL FORUM

• INCENTIVE TO INCUBATEES & CROSS CULTURAL VENTURE PROMOTION



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STEP/TBI LOCATIONS

IIM, NID, NIRMA, AHMEDABADIIT-BOMBAYPUNE UNIV. , MITCON, PUNENSIC-RAJKOT

CDC-BANGALOREBEC-BAGALKOTSJCE-MYSORENITK-SURATHKAL

IIT- RoorkeeJSSATE-NoidaHBTI-KanpurGNEC-Ludhiana

IIT KHARAGPURICICI KP, ICRISAT, HYDAnna .Univ. ChennaiPSG Coimbatore KEC-Perundurai

VIT-VelloreNIT- Calicut

NIT Trichy

VIT, Vellore

NIT-Calicut

TBI STEP


THE PRESENT SYSTEM & ITS PROCESSES

Managing Knowledge including traditional knowledge

Encouraging Public Private Partnerships recognizing each others strengths

Open to ideas, competition and collaboration and soft landing

Creating institutional mechanisms to promote innovation driven enterprises, specialized departments, programmes & incubators

Conscious investments in creative ideas, TEPP, HGT, business plan competitions with intel, MicroSoft, IBM, Motorola etc. etc. eg Cell phone without charging, Cell phone Charger


THE CHALLENGES THAT WE FACE

GREAT MIND BUT GREATER MIND SET

YET TO LEARN TO NETWORK & COLLOBORATE

GREAT INDIVIDUALLY BUT POOR AS A TEAM

USUAL THIRD WORLD ISSUES OF DELAYS, INFRASTRUCTURE

OPPORTUNITY VS. NECESSITY BASED ENTREPRENEURSHIP

CREATING A FERTILE GROUND & STILL BROADER VISION

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ENABLING ENVIRONMENT IN INDIA

• CHANGING MIND SET, SKILL SET & DOMAIN KNOWLEDGE OF TECHNOLOGY & ENTRPRENEURSHIP

• CULTURAL CHANGE STARTED “ BUSINESS FAILURE GETTING DECOUPLED FROM PERSONAL FAILURE” BAR CAMPS PROMOTING E’SHIP

• BRAIN GAIN ( NEXT GENERATION OF NRIs FAMILIAR TO BOTH THE CULTURES), TELECOM INFRASTRUCTURE ONE OF THE BEST IN THE WORLD, IP PROTECTION & GOVT. POLICIES PROVIDE THE RIGHT ENVIRONMENT.

• NEW HIGH TECH CLUSTERS AFTER BANGALORE AT HYDERABAD, CHENNAI, PUNE ……

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ENABLING ENVIRONMENT IN INDIA …….contd.

• HIGH END ROLE MODELS “RAGS TO RICHS” STORIES,

• EMERGING SECTORS e.g PHARMA, LIFE SCIENCES, MATERIAL, DESIGN, ICT WITH DOMAIN KNOWLEDGE EXPERTS.

• MULTI NATIONAL FIRMS ENCOURAGING & TAPPING INNOVATIVE IDEAS THROUGH BUSINESS PLAN COMPETITIONS. INTEL, IBM, MICROSOFT ETC. IN ADDITION TO OUR OWN.

• BOTTOM UP APPROACH WHERE INNOVATION AND TECHNOLOGY ARE LOCALLY DEVELOPED IN CONTRAST TO CHINA.

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ENABLING ENVIRONMENT IN INDIA …….contd.

IGNITION GRANTS & GENIUS GRANTS FOR PEOPLE OUT SIDE THEIR NORMAL DUTY & FOR IDEAS THAT THEY HAVE A PASSION FOR ALONG WITH FREEDOM.

•FIRMS HAVE BI-CONTINENTAL STRATEGY. IN SILICON VALLEY >50% VC FUNDS PREFER AN INDIAN CONNECTION.

•THUS INNOVATIVE TECHNOLOGY BASED KNOWLEDGE DRIVEN FIRMS ARE GETTING SEEDED.


www.nstedb.comwww.techno-preneur.net

www.incubatorsnetwork.com

www.dst.gov.in

http://www.nstedb.com/

http://www.techno-preneur.net/

http://www.incubatorsnetwork.com/

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Facilitating Innovation & Entrepreneurship 2ND GLOBAL FORUM … · 2020. 7. 3. · BAD ROADS...

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