bits entrepreneurship model del

8/2/2019 BITS Entrepreneurship Model DEl

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CELCenter for Entrepreneurial Leadership

BITS Entrepreneurship Model

P.Yasodha,MBA


2/22

Center for Entrepreneurial Leadership, BITS Pilani

OPPRRTUNITIES FOR

ENTREPRENEURSHIP INDIAN ECONOMY

Most lucrative and exciting emerging markets in the worldtoday .

19th century belonged to Europe, 20th century belonged toAmerica and the 21st century is likely to be Asias.

Goldman Sach has rightly commented that Economics ofKnowledge if exploited properly, could lead India intoworlds three biggest economies by 2050

The critical input to give a big boost to Indian Economywould be the entrepreneurial mindsetof its humanresources.


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KNOWLEDGE DRIVEN ENTREPRENEURSHIP

Intellectual property and its impact would play acritical role for breeding and nurturingentrepreneurship.

The size of emerging market opportunities in the ITsoftware industry alone is expected to touch $50billion (Rs2,30,000 crore) by the year 2009.

To respond to this challenge Indias pool of softwareprofessional has to increase from present level of 8lakhs to 21 lakhs by 2009.


4/22Center for Entrepreneurial Leadership, BITS Pilani

BITS CORE STRENGTHS

1. BITS- Industry Linkage & Distance Learning ProgrammeStarted in 1973. At present this linkage has been institutionalized with 208 organizations .

Asiaweek has rated BITS DLPD Program as No.1 in India and No.3 in Asia.

At present 28 Programme of studies are run in collaborative arrangement with 80organizations.

3. Academic- StrengthWith a Faculty base of 323, 65% of who teach interdisciplinary courses, 33% haveproduced text material and books and 93.5 % are PhDs or pursuing PhDs.

4. Motivated large captive high quality student population.High Quality Student Input. Innovative and flexible educational system predisposes themto new ideas and innovative approaches and hence greater probability of their turning outto be entrepreneurs.

5. BITSAAVery active and dynamic Alumni Body - Entrepreneurship Centered

6. DST/UGC



ENTREPRENEURIAL

OPPORTUNITIES

KNOWLEDGE

INDUSTRY

OPPORTUNITIES

BITS

ENTREPREN

EURSHIPOPPORTUNI

TIES

BITS ENTREPRENEURSHIP

OPPORTUNITIES SPACE



BITS

BRAND

EQUITY

STUDENTS

4000 HIGH QUALITY ON

CAMPUS, 10300 OFF CAMPUS

PURSUE 28 GROUP PROG. ATFIRST, HIGHER DEGREE &PhD

INDUSTRY

> 208 ORG.OPERATE

PS I/PSII

DLPD 28 PROG. > 2500

ORG.HAVE SPONSOREDEMPLOYEES TO WILP

ALUMNI30000

HIGH INCIDENCE OF

ENTREP.

FACULTY

323 MEMBERS,33% PRODUCED TEXT

MATERIAL & BOOKS

GOVERNMENT

UGC/DST

ENGAGING STAKE HOLDERS

NEN

CEL



Strong Alumni Network

Institutionalized industry linkage

Support from Government

Enthusiastic faculty members

Unique and Flexible Learning Environment

High quality student input

Above all NEN partnership

We ensure that each stake-holders

interest is taken care of and mutual

benefit is derived.

Instrumental in Systematic Promotion of

Entrepreneurship

Our Model Based on



Center for Entrepreneurial Leadership and notCentre for Entrepreneurship set-up as the eighthcenter of excellence in 2002-03.CEL-BITS could getrecognition of becoming a part of five institutionsselected (out of 200 institutions, which participated)through a rigorous process of selection by the

Wadhwani Foundation for forming a hub for NationalEntrepreneurship Network (NEN).

Vision and the Missionof CEL are To createbusiness leaders in all spheres of life withentrepreneurial thinking and To inspire BITSiansto play a prominent role in leading diverseentrepreneurial activities in the country and making asignificant contribution in global entrepreneurialinnovation

CELVISION .



BROAD GOALS

Facilitate entrepreneurial activity on campus.

Sow the seeds of entrepreneurial leadership across

disciplines.

Bridge the gap between industry and the academic

curriculum.

Facilitate commercialization of R&D efforts at BITS.

Inculcate the value of social responsibility in every BITSian.

Channelizing innovation and creativity of students towards

productive outcomes.

Build a high quality eco-system on-campus to support

resource strapped start up ventures.


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STUDENTACTIVITIES

EXECUTIVEDEVELOPMENT

ENTREPRENEURIALEDUCATION

ENTREPRENEURSHIPDEVELOPMENT

PROGRAMMES

WORKSHOPS

SHORT DURATIONPROG.

CONFERENCES

CONQUEST

BbB

MELS

APOGEE

AlumniEntrepreneur Meet

PROGRAMMES

OFF-CAMPUSDISTANCELEARNING

-GMP

- B.S/M.S

- COURSES

- CASES

SPECIAL STUDY

ORIENTEDPROJECTS

FACULTYDEVELOPMENT

PROGRAMMES

PUBLICATION

BOOKS

MANUALS

PAMPHLETS

PAPERS/ARTICLES

NEWSLETTER

CEL- Deliverables


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AWARENESS

KNOWLEDGE/COMPREHENSION

ATTITUDE CHANGE

INTENTION

ENTREPRENEUR-SHIP/VENTURE

BBB

DISTANCE

LEARNING PROG.

MELS

COURSES

BUSINESSSIMULATIONGAMES/I4RI

CONQUEST

SDP/SEMINARS/CONFERENCES

EDP/WORK-SHOPS

INCUBATION

BITS ACTIVITIES- IMPACT MODEL


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Structural Framework for Entrepreneurship

Development Programmes at BITS

Entrepreneurship Basics

Self-assessment/Creating anEntrepreneurial Mindset

OpportunityIdentification& Assessment

Business PlanPreparation

Creating & Startinga Venture

Financing New Venture

Managing

Change& Growth

Pedagogy ForConduct of

EDPs

ExperientialPedagogy

using Games,Cases,

Presentations,Assignments,

Educational Films,Group Activities,Interaction with

Entrepreneurs

Project work linkingvarious Modulesrunning through

the Programme isan essential Feature


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CURRENT STATUS at a glance

2 Introductory Courses

2 Specialized Electives

1 Faculty Development Programme on Entrepreneurship

1 National Conference on Entrepreneurship Culture in Sept 2005

1 National Convention on Energizing Entrepreneurship in Academia Through Innovation in Oct2006

4 Business Plan Competitions CONQUEST2005 first winning team from BITS Jan SwasthyaRakshak went on to win the first prize in the A.Lorne Weil Outrageous Business Plancompetition conducted by Columbia University and the runners-up Habits have alreadystarted the venture (www.habits.in). BITS team also won the second prize in business plancompetition organized by IIM Bangalore in 2005. In April 06 Mobile Medics Business Plan wontop honors in the 2006 Global Social Venture Competition (GSVC) (www.socialvc.net).CONQUEST is now listed on the directory of Global Business Plan Competitions

A Faculty Member from BITS participated in the Global Faculty Colloquium that provides

faculty around the world with details on how to create and operate multi discipline and multi-functional entrepreneurship Center between April 16-27 2007 at Haas School of Business, UCBerkeley

In-house Learning Sessions (IHLS)

2 Competitions held under Ideas for Rural India (I4RI)
http://www.habits.in/http://www.habits.in/http://www.socialvc.net/http://www.socialvc.net/http://www.habits.in/


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6 workshops and 30 interactive sessions with Entrepreneurs under Meet an Entrepreneur

Lecture Series (MELS)

2 Executive Development Programmes1 Student Entrepreneurship Club CEL

A student was selected as a delegate to participate in the Asia Pacific StudentsEntrepreneurship Society (ASES), Summit 2007 organized by Stanford University between 8thApril and 14th April.

Stimulus a simulation software developed by students can give market analysts a run for their

money

Bimonthly Entrepreneurship Newsletter Pulse

AspireNewsletter brought out for international circulation during Conquest 2007

13 sessions BITS Big Bout ( BbB) a pre-researched panel discussion

1 Technology Business Incubator

1 company incubated and 3 companies started by CEL members

12 Faculty involved in courses, incubation & other entrepreneurship activities

Live discussion on Entrepreneurship with eminent panelists from Silicon Valley organized byBITSAA International was brought in for the benefit of students on campus.

KEY CHALLENGES FOR


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KEY CHALLENGES FOR

ENTREPRENEURSHIP DEVELOPMENT

Strengthen,sustain and scale-up the activities forpromotion of Entrepreneurship

Enough success stories and Role Models to thwartthe Lure of high paying job opportunities andnegative middle class mindset of low Risk taking

Continued lack of social support for venturing intoEntrepreneurship

Highly competitive business environment

Presumably high financial entry barrier

To gather enough support for Start-up venturesfrom financial markets/venture capitalists/Angelfinanciers

A SNAP SHOT OF STAKEHOLDERS


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A SNAP SHOT OF STAKEHOLDERS

VIEWS "NEN will bring different players on to a common platform to share experiences and

cooperate in propagating and promoting the culture of entrepreneurship. This effort

should go a long way in contributing to the growth of national economy."(Prof. S. Venkateswaran, Professor Emeritus-cum-Advisor and former Vice Chancellor,BITS )

The aptitude for entrepreneurship amongst young people has to be cultivated from thebeginning in the university environment. Center for Entrepreneurial Leadership (CEL) atBITS has been established to institutionalize the promotion of entrepreneurship byputting into effect activities linking various stakeholders viz. Students, Faculty, Alumni,Industry, Government and the National Entrepreneurship Network (NEN). The Center

aims to create an entrepreneurial mindset to accelerate the process of wealth generationand jobs creation for the benefit of the community and the nation.

(Prof. L.K. Maheshwari, Vice Chancellor, BITS)

Iconsider myself a convert. When I joined BITS I only knew a few entrepreneurs likeSabeer Bhatia and Bill Gates. There was a time when I would be satisfied with a salariedjob and a hassle free life. However, now that I have been a part of CEL and my internshipat the start-up, there is definitely an urge to start something on my own.

(Jimit Arora, BITS Pilani, alumnus, 2004)

We should do everything necessary to increase the ranks of young people who are risktakers, high energy, and hungry for success; they will help create new jobs and newmarkets for India. NEN can be exploited to the fullest to build the right kind of resourcesfor this purpose.

(Vinod Agarwal, BITS alumnus & CEL Advisor, Chairman & Chief Strategist, LogicVision)


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NEN Partnership

NEN came in at a point when our Institute wasconcerned about developing an entrepreneurshipprogram that would prepare our students for the future.

Access international academic resourcesand benefitfrom the NEN STVP EEC program.

The NEN teamis informal, harmonious and inspiringto work with.

The TiE networking events conducted by NEN was aplatform that helped us build a good networkwith

entrepreneurs in India and across the globe.Networking with other institutes and faculty members is

very useful.


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For CEL , the NEN partnership has become a gateway fordevelopment and sharing of high quality resources , an access toworld class educational products and programmes across thenetwork. CEL efforts have started yielding a positive attitudinalchange amongst BITSians towards entrepreneurship.

Attributed to increasing awareness amongst students regardingimportance and benefits of becoming an entrepreneur as also theeducational environment to which students at BITS get exposed.

Process of greater exposure and opportunities to students tolearn, understand and practise about entrepreneurship would goa long way in improving the conversion factor of their becomingentrepreneurs under different CEL Activities.


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Plans for Future

Envision Pilani to be the hub of entrepreneurship inyears to come.

To develop high impact innovative entrepreneurshipdevelopment programs to enable formation of new high-growth companies.

To offer some more collaborative corporate executivedevelopment programs.

We want to lift CEL to the next level throughcontinuous improvement and focus onentrepreneurship.


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The BITS experience suggests that with itsstrong Alumni network, institutionalized industrylinkage, unique and flexible learning environment

and high quality student input coupled with NENpartnership, is being instrumental in systematicefforts in promotion of entrepreneurship. It hasstarted yielding results and would go a long way

in changing the mind-set of the youth andenabling them to avail emerging opportunities inhigh-tech and high-growth industries.


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Quitters Never Win and Winners Never Quit.

Jim Mclamore

Ilook at it this way: Ive been broke five times in my life .One more time wont hurt.

Walt Disney

Success should not be measured in dollars. Its about how

you conduct the journey, and how big your heart is at theend of it. Howard Schultz

If you cant do something first class, dont do it.Ted Turner

Life is too precious to be wasted in doing work you dont

LOVE. Tom Monaghan


22/22


Thank

You

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