National Conference on

SOCIAL ENTREPRENEURSHIP:DIMENSIONS AND DEVELOPMENT ORIENTATION

(Sponsored by University Grants Commission)August 21-22, 2009Organised by

SAINT MARY’S COLLEGE

(Affiliated to Mangalore University)

SHIRVA- 574116, UDUPI DISTICTKarnataka – India

www.smcshirva.com

August 21, 2009Technical Session I: 11 AM – 1PM

Emerging Models of Social Entrepreneurship: An Overview

Key Speaker: Prof Chowdari Prasad, Professor, T A Pai Management Institute, ManipalChairperson: Dr Jayaprakash, Director, AJ Institute of Management, MangalorePaper presentation by Scholars / Researchers===============================================================================1

Emerging Models of Social Entrepreneurship: An Overview

Key Speaker: Prof Chowdari Prasad, Professor T A Pai Management Institute, ManipalUdupi Dist. Karnataka – 576104Email:chowdarip@tapmi.edu.in

“

Innovation is the specific tool of entrepreneurs, the means by which they exploit changes as an opportunity for a different business or a different service. It is capable of being presented as a discipline, capable of being learned and practised. Entrepreneurs need to search purposefully for the sources of innovation, thechanges and their symptoms that indicate opportunities for successful innovation. And they need to know and to apply the principles of successful innovation.” – Peter Drucker Paradigm Shift: The combination of Entrepreneurship Education in Schools and Colleges, the hassle-free flow of Venture Capital and evolution of good market would give momentum for the National Growth – Dr APJ Abdul Kalam, President of India on the eve of the Republic Day, January 26, 2004.

Introduction

It is said that Entrepreneurs are born and not trained. In India, there have been a large number of entrepreneurs even during the BritishRule period who were motivated to enter into businesses which were traditional as well as into new products and services.Technological innovations, Industrial Revolution, Modernisation, Economic/Financial/Land/Legal Reforms including enactment of Trade Union Laws and Industrial Laws as also setting up of specialised financial institutions in consonance with the planned economicdevelopment of the country afforded newer opportunities to these risk takers to take up host of economic activities. Over the last sixdecades of independence, India witnessed many entrepreneurs, techno-preneurs and edu-preneurs taking up employment and incomegeneration activities. Interestingly, religious leaders like Matha Amritanandamayee, Satya Sai Baba, Maharshi Yogi and others havealso been catering to the highly needed University education in private sector while other IT-Czars like Narayana Murthy and Nandan Nilekani of Infosys and Azim Premji of Wipro have been diversifying into certain social enterprises by setting up Leadership Institutesand Educational Foundations for taking up adult literacy and child education. It is heartening to note that organisations likeDhirubhai’s Reliance and Adani Group venturing into education in Gujarat, Vedanta’s Agrawal setting up a University in Orissa as partof their Corporate Social Responsibility. Dr TMA Pai being a Medical Doctor from a remote place like Udupi took up revolutionizingthe private enterprises in Medicine, Engineering, Management, Pharmacy, Education, Nursing, etc., over fifty years back whichventure now is an internationally known Private University in Manipal and is emulated by many others in India.

Who is an Entrepreneur?

An Entrepreneur is an innovator or developer who recognises and seizes opportunities; converts these opportunities intoworkable / marketable ideas; adds value through time, effort, money, or skills; assumes the risks of the competitivemarketplace to implement these ideas; and realises the rewards from these efforts. National Knowledge Commission’s Report on Entrepreneurship in India released in August 2008 is a very important document which

captures the status in the country with detailed analysis on opportunities in each of the States based on various parameters.

Entrepreneurship Education

In recent times, Entrepreneurship Education is catching up in Indian Academia at Collegiate level. Almost all the Universities, IITs, NITs, IIMs and other special institutions like Entrepreneurship Development Institute of India (EDII), Ahmedabad have been offeringspecialised courses on entrepreneurship to motivate the young budding professionals and managers to be on their own as job creatorsinstead of job seekers by turning to be entrepreneurs. Some of these institutes are also organising Business Plan Contests every year and invite reputed Venture Capitalists and Private Equity players to selecting the prospects. They are also maintaining IncubationCentres to impart necessary training and guidance to the start-ups.Leading Management Institutes like Amrita Institute of Management-Ettumadai (TN), Great Lakes Institute of Management-Chennai,Indian School of Business (ISB)-Hyderabad, Management Development Institute (MDI)-Gurgaon, SP Jain Institute of Management &Research-Mumbai, T.A. Pai Management Institute (TAPMI)-Manipal, Xavier Institute of Management and Entrepreneurship (XIME)-Bangalore, etc., have also been focussing on imparting of entrepreneurship education as part of their management programs. Other organisations like The Indus Entrepreneurs (TiE), National Entrepreneurship Network (NEN), Venture Capitalists Association of India(VCAI), Small Industries Development Bank of India (SIDBI) and other Banks and Financial Institutions are also campaigning abouttheir various financing schemes for Micro, Small and Medium Enterprises. Small and Medium Enterprises Rating Agency (SMERA)has been created four years back in 2005 to offer rating services to the small business units to strengthen their ability to raise creditfrom organised sources. The following diagram gives a very good action-oriented model for Entrepreneurship Education:Source: ISB, HyderabadIf educational institutions engaged in entrepreneurship program adopt the suggested steps, India can be proud to produce highlyqualified, talented, committed and dedicated entrepreneurs from out of whom, we may also see good number of Social Entrepreneurs.