Keynote - King's College London Entrepreneurship Reception (6 Feb 2013)

Structured Enablement of Entrepreneurship - a holistic viewEntrepreneurs’ Winter Networking ReceptionKing’s Commercialisation Institute - 6 February 2013

USA • UK • INDIA

Progressive IntelligencePartners in Achievement Henriette Raphael House

Guy’s CampusLondon SE1 1ULDr. Sanjeev B. Ahuja

Managing DirectorProgressive Intelligence Pvt. (UK) Ltd.

President, TiE UKAdvisory Board, Storybricks

© Copyright 2013 Progressive Intelligence Pvt (UK) Ltd. 2

The Inconvenient Truth

Limited institutional

accountability

Limited institutional

accountability

Job markets have thinned; while

eligible job seekers have risen

Job markets have thinned; while

eligible job seekers have risen

The current economic malaise may stretch well into this decade

The current economic malaise may stretch well into this decade

Public and private institutions are

straight-jacketed

Public and private institutions are

straight-jacketed

We cannot all become

investment bankers and

traders

We cannot all become

investment bankers and

traders

Entire generation of disenfranchised

young men and women

Entire generation of disenfranchised

young men and women

Dark clouds have indeed gathered!


But all is not gloom and doom

Global population

stands at 7B; all are

potential prospects

1.4B still live without

electricity and 780M without

drinking water!

Global Online Retail $0.5T;

growing @ 15% p.a

World has shrunk; 1B connected to

Gangnam Style as though it were Phil Collins singing it!!

Unimaginable opportunities exist!

Android, Samsung & Apple mobile

ecosystem $10B; 750M devices

Mobile Gaming $7.5B; next 3 yrs


Risks of listening to someone on a soapbox

Being up here on stage this evening will likely make even some of my evangelical fervour come across as insightful or

worse, as profound revelation!

Best if you take my rhetoric with a grain of salt; follow it up with loads of self-reflection and at least some sound advice.


Now the sermon …

We are not here to talk about the successful few who are making millions but rather the millions who simply aspire to

make a success of it …

Entrepreneurship is increasingly a more promising career choice, offering a way to control your own destiny and

often, grab a windfall of disproportionately high returns.


Are you ready?

History is undoubtedly (re-)written by those who succeed; but it is those who are not afraid to fail that get to write

their future …

… you can take charge of your own lives, resist the notions of entitlement or dependency on public/social institutions, take calculated risks and carve your way to economic well-

being; even fame!


• Work Ethic• Internship Experience• Ability to Follow Direction• Knowledge of:

‐ Accounting Finance & Budgets‐ Science, Technology, Engineering & Math

• Skills‐ Interpersonal‐ Communication‐ Problem Solving

• A Sense of Adventure• Good Eye Contact• Firm Handshake

• Self Confidence• Awareness• A Sense of Adventure• Networking• Focus• Tenacity• Originality• Knowledge of Business Basics• Leadership & Teamwork• Creative Thought Process for

Collective Innovation

Top Entrepreneurial SkillsTop Soft Job Skills©

© 2012 Hinton Human Capital

Do you have it in you …?


Some Sobering StatisticsIn 2011, the Global Entrepreneurship Monitor (GEM) reported that,

9.8% of working age adults in the UK expected to start a business within the next 3 years, compared to 15.8% in the US.

Total early-stage entrepreneurial activity (TEA) in the UK was 7.6% compared to 12.3% in the US. This was a 25% rise in the UK from the

previous year, compared to a 100% rise in the US.

Back in 2008, IHS Global Insight had found that while VC investment represented 0.2% of US GDP, the revenue of companies created by the

industry represented 21% of GDP (2008 - $14T).

A strong VC industry is essential to our future as well; the Govt is looking to the entrepreneurial sector for job creation, economic

development, better healthcare, cleaner technology, and a faster, better, and more secure internet to build a thriving new economy.


EventsPartnershipsEffective networksBusiness affiliations Cross-border collaborations

Academic Programs

Informed policy agendaPublic/Pvt enabling bodiesAwareness and excitement

Influence

Extend

Deliver

Launch

Asp

irat

ion

Where we want to be

Fostering Entrepreneurship in the UK

Flag Discuss Explore Practice

Maturity

Where we are today

Thought leadershipMentoring and coachingAccess to willing capitalInstitutional involvement


The Indus Entrepreneurs (TiE)TiE’s aim is to make entrepreneurial success and economic

well-being more systemic and less a matter of chance.

It is the world’s largest global non-profit organization to be singularly focused on entrepreneurship, as a unique vehicle

for self-reliance and sustainable wealth creation.

TiE has 62 chapters and 13,000 members in 18 countries across 5 continents. TiE UK is one of its larger chapters.


TiE in the UKIn the Nature vs. Nurture debate, if the former is about

genes then the latter is about gene-splicing.

Entrepreneurship can be taught; one does not have to be born with a particular DNA strand.

We are unique in offering structured enablement, effectual global networking, and hands-on mentoring and coaching.

Over the last 3 years, 200 entrepreneurs at different stages and across sectors have been mentored by TiE UK alone!


Fostering entrepreneurs is rooted in seeding the mindset

Connecting all the dots …

Development of an idea under incubation

Guiding the business towards sustainable growth

Mentoring the entrepreneur through a maturing process

Effective harvesting of the asset, once developed

TiE UK offers vital support to entrepreneurs throughout their venture lifecycle!


KEY DRIVERS FOR TiE UK

Structured Enablement of Entrepreneurs

ClassroomPracticalLifecycle

Influential & Effectual Business Networking

EventsPrograms

Opportunities

Engaged Members and Committed Sponsors

Premium AdviceMembership BenefitsThriving Community

Along with other Strategic Partners.


In ConclusionEntrepreneurship is not a defined science; but nor is it a game of dice. It is a practice - you start on a well trodden path but

then write the rules as you encounter new situations!

Dream freely.Believe boldly.

Pursue passionately.Share openly.

If you wonder, “Is my idea good enough”, “Where do I start”, “Who can I use as a sounding board”, “Can I afford to take this

risk”, “How can I get funding”, “What if I fail” ...… then TiE UK can help you answer these questions!

Keynote - King's College London Entrepreneurship Reception (6 Feb 2013)

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