The Entrepreneurial University / College

K. RajaramanDirector, Entrepreneurship Development Institute

www.editn.in

Entrepreneurship as a Competency set

Entrepreneurship as “the dynamic, interaction between entrepreneurial attitudes, Entrepreneurial abilities, and entrepreneurial aspirations by individuals, which drives the allocation of resources through the creation and operation of new ventures.”

In short, entrepreneurship can be felt, measured & grown!

Joseph Schumpeter : Theory of “creative destruction” Innovators & New firms unleash

creative destruction

Importance of Entrepreneurship & Innovation

Importance of MSMEs & Startups

Young firms with innovative technology have the highest potential capacity to generate a large number of jobs.

EU : 60% jobs accounted for by SMEs. Germany : 80% jobs come from SMEs. S. Korea : 90% jobs generated by SMEs.

Importance of MSMEs & Startups

In India, the MSMEs employs 40% of the workforce. Has huge potential

By 2020, 63% of India’ s population will be of working age.

Low entrep rates : Only 0.09 companies were registered for every 1,000 working age person

84.79 lakh job seekers, which includes 18.05 lakh undergraduates and another 6.13 lakh postgraduates.

Over 3.3 lakh engineering graduates await jobs

1.71 lakhs are engineering graduates. 1.59 lakh are engineering PGs.

Tamil Nadu Scenario 2014

What kind of entrepreneurship should HEIs promote ?

Source: Global Entrepreneurship Index 2016

Where are We ???

Is Entrepreneurship for everybody ?

95% will go as managers PECs help students become intrapreneurs –

think and act like the owner of your company

PECs help students see, seek and grab the best opportunities

PECs help students take risks ad manage them

5% will become entrepreneurs

We will see as to how PECs help business owners

What options do students from families in business have in HEIs? Do HEIs prepare them for such responsibility? Should not colleges be inclusive and sensitive to requirements of such sections ?

Should HEIs discriminate against aspiring entrepreneurs (5%) and be an entirely placement led institution?

Why entrepreneurship in Colleges ?

Entrepreneurship is about competencies (attitudes+abilities+aspirations). Would not education be meaningless if it does not lead to competency development ?

Will not entrepreneurial competencies be of use for the 95% who do not aspire to become entrepreneurs at this point of time, given that employers prefer entrepreneurial (intrapreneurs) employees ?

Why entrepreneurship in Colleges ?

Strategic initiative 1 – Increasing the share of manufacturing in TN economy

Strategic initiative 2 - Making SMEs vibrant

Strategic initiative 3 - Making TN Knowledge Capital and Innovation hub of India

Tamil Nadu Vision 2023

EDI Vision & Mission

Creation of an aspirational entrepreneurship culture ie., opportunity driven entrepreneurship, NOT necessity driven!

Enhance support ecosystem for entrepreneurs

Launches Innovation and Entrepreneurship Development Program (IEDP) for Colleges (www.editn.in/pages/iedp.html )

Process oriented approach to E&Iin Universities and Colleges

Current status

Placement culture (Good, but not enough) Reflect cultural mindset of poor risk-taking Most colleges indifferent to ED & I Colleges conduct EACs, while few

colleges have EDCs & Bis, fewer have incubators

ED&I activities are fund & donor driven and

Not Vision driven

Today ...

Institutional Vision

Aspirational entrepreneurship culture built up within college by 2017 : Management, alumni/students & faculty

College as a Collaboration hub: between faculties, alumni,local industry, banks, etc.

Supportive ecosystem established in stages within college by 2017

An interim goal : 5 Alumni or students passing out launch own enterprises from 2018 ….. ?

From Events to Processes...

Plan and implement these three interlinked

processes :

College E&I Ecosystem Enhancement

Processes

Faculty & Student E & I Competency

Development Processes

Faculty & Student Innovation Promotion

Processes

College E&I Ecosystem Enhancement Processes

Ecosystem Enhancement Process

ED & I Vision :: Buy-in from management & all faculties for long-term ED&I processes, resources

Partnerships: College ED&I Council with successful entrepreneurs & alumni, local bankers

Breaking down silos: Faculty training on E&I across ALL faculties

Institution E&I Policy: Policy and Incentives for faculty and Students

College E&ICouncil

ALL FACULTY

BanksAngels

VCs

SuccessfulEntrepreneurs

LocalAlumni

R&D LabsCSIRICARICMR

LocalIndustry

MSMEs & Large

Industry

MentorsRetired

Entrepreneurs,Researchers

bankers

Tech Transfer Office (TTO)IP Advisors

BIRACGITA

NSTEDBDEITY

College E&ICouncil

ALL FACULTYR&D Labs/COE

Incubator

StudentsE&I Club

TH

E S

TAR

TU

P C

OL

LE

GE

Student & Faculty E&I Competency Development Process(applies for intrapreneurs too ...)

GEI : India jumps 29 places !

Source: Global Entrepreneurship Monitoring Report 2017

Student Entrepreneur Competency Development Processes

ECDP : Year 1 (Those interested – 10%?)

Process to commence in 1st year for students of all faculties & alumni (final year is too late)

Entrepreneurship Awareness Workshops Competency assessment self tests E&I Courses : Design Thinking, Innovation,

Entrepreneurship, with participation credits Successful STARTUP entrepreneur Interaction E-Club membership (only on signup). EVERY

CANNOT BE AN ENTREPRENEUR

ECDP : Year 2 : 5% group

Online Courses : NEN MOOCs on Design Thinking, Entrepreneurship, Innovation, Creativity (NENonline.tv)

Run-your-company programs Business idea competitions Business Opportunities Workshops Internships in Successful STARTUPs Business case challenge competitions

ECDP : 3rd and Final year :: 1% group

Seed funding : Idea to POC Prototyping & Test marketing Product marketing plan Business Plan preparation (alumni/other

entrep. /Students) Financing workshops & tieups Business launch

Faculty & Student Innovation Promotion Processes

Innovation Quality:Global Innovation Report 2016

College Innovation Policies (KTU/GTU) Student & Faculty E & I Policy

E&I electives (Entrepreneurship, Design Thinking, etc) with credits for E&I activity (Online/offline)

Innovative & relevant PRODUCT work (project work) Incentivise R&D, publication & patent filing by faculty Faculty permitted to take board/equity positions Faculty & student enterprise sabbaticals permitted

IP Policy IP creation & commercialisation given importance IP value sharing policy (institution, industry, faculty,

student) Financial Support for IP registration

College Innovation Attitudes

Business & Value orientation Allow innovation mindsets Multi-disciplinary teams (joint R&D teams

from medical college, engg college, management faculty etc)

Allow for & learn from failures

College Innovation Focus

Focus on applied, translational & joint research

Strong connection to local economy: Farmers associations, Womens groups Research centres : IICPT, NRCB, .. Industry, Business Associations

Annual ideation contests with local players to identify problems & opportunities

R&D focus on local & regional problems SME problems → competitiveness & quality Urban problems → Smart liveable cities

Innovation Infrastructure

Attract top PhD faculty Adjunct faculty from Industry Strong research labs and

programs Inter-disciplinary research teams R&D labs plug into incubator Industry partnership (Research,

Adjunct faculty, Funding)

Innovation Infrastructure

Innovation spaces : Fablabs, Biohacker spaces

Technology Incubators Get in Technology Innovators Seed & Angel funding tie ups IP training and advisors

Innovation Funding

Consultancy assignments from Industry CSR grants from Large companies Startup Action Plan 2016 Atal Innovation Mission (NITI Aaayog) BIRAC / NSTEDB / DEITY Programs GITA (joint projects with MSMEs) MSMED (GOI) Programs State Innovation Fund

Innovation Processes

ENTERPRISES LAUNCHEDLife Sciences – 5,

Manufacturing – 10 Services – 25IT & IteS – 10

(Students – 10, Alumni - 40)

Tomorrow ….

Desired outcome : Hi Quality NOT numbers!!

Vignesh Janakiraman Director at Plasmatech

Solutions Pvt Ltd C/o VIT Incubator Efficient recovery of

valuable proteins from human plasma

IP developed @ VIT PhD @ Université de Bordeaux

Desired outcome : Hi Quality NOT numbers!!

Lakshmi & Venkat R&D @ PSG STEP Aries Biomedical is the

R&D service provider in the field of Biomedical and Biotechnolgy. We have indigenous product to monitor NCD diseases in the form of Remote diagnosis and wearable technology.

Desired outcome : Hi Quality NOT numbers!!

Dr. Kavitha PhD FIB-SOL @ IITM BioIncubator Liquid bio fertilizers

(LBF) and Fertilizer carrying membrane (FCM) are the two products developed at FIB-SOL, which, comprises of microbial formulations

Getting started

We can get started by supporting proven businesses

orfamily businesses

by students or alumni

The Entrepreneurial College :: Can each of you get the Top Management prepare a 10 year Roadmap ?

Way forward

Form a E&I Council – bring in top partners Announce a E&I Vision & Policy Revamp internal processes by removing

blockades to E&I Monitor outcomes

Outcomes

Sl Outcome Indicators

Entrepreneurship

1 Number of Startups currently being incubated within HEI

2 Seed capital grants or angel funding arranged for startups in HEI

3 Current employment by enterprises under incubation & graduated

4 Gross annual turnover of enterprises under incubation & graduated last year

OutcomesInnovation

1 Number of patent families filed in more than 2 offices

2 Number of patents that have been incubated into enterprises

3 Number of patents licensed to external industry

4 Royalty revenue from patents commercialised

Regional Economic Development

1 Number of local MSMEs being assisted currently in problem solving or technology support

2 Industrial Consultancy Turnover last year

The ultimate goal: A Regional Ecosytem HubJeff Immelt, Chairman GE,

on MIT“Culture and attracting the right talent are also why we are moving from suburban Conecticut to downtown Boston. Its an

ecosystem made by and for innovation. In Boston, we can be challenged by a doctor from MassGen or a student from MIT. We

need to be in this environment.”

Thank You!

dir@editn.in

http://www.editn.in/Entrepreneurship Development Institute of Tamil Nadu

(An autonomous society of the Government of Tamil Nadu)Parthasarathy Koil Street,

SIDCO Industrial Estate, Guindy,Chennai-600032 TN INDIA

Twt: https://twitter.com/edichennaitn, https://twitter.com/StartupTNGOVFbk: https://www.facebook.com/EDITamilNadu/

Tel : +91-44-2225-2081/82/83/84