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Entrepreneurial India
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Transcript of Entrepreneurial India
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India:10 Insights
into Indian entrepreneurs
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Asia 5Bringing you a flavour of businesstrends in Asia...in just 5 minutes
A Futures Coaching initiativewww.futurescoaching.com
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There are 26 self-made billionaires in India with a net worth of $80bn (source: Forbes)
List includes: Gautam Adani, Sunil Mittal and Narayana Murthy
huge successes
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Some reports suggest up to 80% of students wish to start up a tech business
Incentives are low capital requirements & sector know-how
certain growth
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Formal and informal entrepreneurial forums are springing up everywhere with active stakeholder participation
Once in a while events are now regular happenings
new venues
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Rapid rise of venture capital, business angels and growth incubators
e.g. 5 years ago there were two groups of angel investors; today there are 10+ (Source: Express Buzz)
Rapid increases in mentoring, international tie-ups, studytours
more support
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key focus
Entrepreneurs concentrate on Indian market constraints i.e. frugal and reverse innovation
to provide low cost solutions for Indians – whilst undercutting Western firms
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key sectors
Hi-tech obviously but also bio-tech and life sciences
However, some of the biggest entrepreneurs made their
money in Indian real estate and the media
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India has second largest pool of science and engineering
graduates in the world and churns out 2.3m per year (source: Ernst and Young)
However, entrepreneurs such as Sridhar Vembu (of AdventNet), hires clever youngsters from
lower classes that others disregard
clever hiring
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not good enough, yet
In terms of patents, India is 10 years behind the Chinese
Whilst 60% of Chinese patents are by Chinese companies,
only 20% in India are filed by national companies (the rest are MNC)
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Indian entrepreneurialism is missing the kind of support that high class academia provides in the USA
Meanwhile, PhDs are less valued than MBAs leading many of the brightest scientists to go abroad and never return
missing
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Few Indian entrepreneurs have been able to build a true 'product' company out of India
Mostly Indian entrepreneurs have focused on services, customising software, adding manpower to sell customer-
specific solutions
more products please
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Website: www.futurescoaching.comBlog: http://futurescoaching.typepad.com
Email: [email protected]
LONDON • PARIS