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Gupta Fellow ISTE
ENTREPRENEURS± THE CHANGE MAKERS SOME FAMOUS NAMES
1. Bill Gates 2. Sabeer Bhatia 3. Azim Premjee 4. Narayan Murti 5. Sunil Bharti 6. Sam Pitroda 7. Lakshmi Mittal 8. Rattan Tata ( Nano Car) 9. Verghese Kurien ( Milkman) 10.Dhirubhai Ambani 11.Karsanbhai Patel (Nirma) 12.Amita Roddick (founder of body shop) 13.Shahnaz Hussain (of herbal beauty) 14.Vandana Luthra (VLCC) 15.C K Ranganathan (Cavin Care)
16. Michael Dell (founder of Dell co.) 17. Ray Kroc ( Mc Donalds) 18. Kishore Biyani (Pantaloons malls, Big Bazar) 19. Jashwantiben Popat (lizzat papad) 20.Dr. Reddy of Apollo hospitals 21. Dr. Ram Das Pai 22. Swami Ram Dev Jee 23. Kiran Mazumdar Shah (Biocon) 24. Brijmohan Lal (Hero Honda) 25. Prof. Muhammed Yunus ( Noble Laureate- Grahmin bank) 26. Capt. G R Gopinath (Air Deccan) 27. K P Singh (DLF) 28. Rohtas Goel (Omaxe Ltd) 29.Ibuka & Marita (Sony)
30. Ram Chandra Sharma & Dr. P K Sethi (Jaipur Foot) 31. Frans Often (Netherlands of Light Emitting Diode Lamp) 32. Subrata Roy (of Sahara group) 33. Adi Godrej ( Chairman Godrej) 34. Kumar Manglam Birla 35. Naresh Goyal (Jet Airways) 36. Rahul Bajaj (Bajaj Auto) 37. Y C Deveshwar (ITC) 38. Vijay Mallaya 39. J.R.D. Tata 40. Lord Swraj Paul (Caparo Group) 41. Lord Karan Billimoria (Cobra Beer) 42. Indra Krishnamurthy Nooyi (CEO-Pepsi Co.) 43. Nandan Nilekani (Co-Chairman of Infosys)
J.B. . Say.DEFINITION: ENTREPRENEUR (The word was coined by Mr. a French economist in 1800) -One who undertakes an enterprise or business (Dictionary meaning) -One who marshals the resources necessary to launch and/or grow a business that focuses on innovation and development of new products or services (Miami entrepreneurship centre) We shall define it as: An entrepreneur is an individual who launches a venture and/or significantly improves it through innovative means.
a need to make lives more convenient.An entrepreneur is an individual who not only is a creater of value but also growth. secure or exciting. . mobile. An entrepreneurial venture is built around a need.
(ii)Whosoever designed wooden wheel carts driven by bullocks was an entrepreneur but whosoever improved carts with rubber tyre wheels and gears was an innovative entrepreneur.DIFFERENCE BETWEEN ENTREPRENEURSHIP AND INNOVATIVE ENTEREPRENEURSHIP (i) Starting garment business while is an example of entrepreneurship starting designer garment business is an example of innovative entrepreneurship. Similarly man driven rickshaw & motor driven rickshaw are examples of entrepreneurship & innovative entrepreneurship (iii) Manual stabilizer (entrepreneurship) Automatic stabilizer (innovative entrepreneurship) .
(iv) Manual washing machine (entrepreneurship) Automatic (Fuzzy Control) washing machine (innovative entrepreneurship) (v) Desert coolers was an entrepreneurship example AC is innovative entrepreneurship. (vii) Nano car (Tata) and Nano Fridge (Godrej) are examples of innovative entrepreneurship. Swatch . (vi) Manual water taps and then sensor water taps & many such examples.Remote controlled acs.
MD ± Taxes Pacific Group Never before in history has innovation offered promise of so much to so many in such a short period. Vivek Paul. studied 97 countries over two decades to understand what drove the economic success of nations. Sachs and Warner. Bill Gates. Human ingenuity and innovation is always more valuable than physical resources. To the surprise of many.American Entrepreneur .THOUGHTS ON INNOVATION Two Harvard economists. availability of abundant natural resources actually correlated negatively with economic success.
Manmohan Singh. PM of India . As creativity and enterprise blossom new jobs are created and new income generated for generations of working people Dr.Innovation is a process by which varying degrees of measurable value enhancement is planned and achieved in any commercial activity. NKC Innovation brings together aesthetic sensibilities and scientific innovations.
CAN ENTREPRENEURSHIP BE TAUGHT? CAN ENTREPRENEURSHIP BE DEVELOPED? The answer is emphatic yes. There is an element of entrepreneurship in each person. just as managers/ leaders can be developed in Business Schools. (Hyderabad based National Institute of Small Industries Extension & TrainingNISIET) Where and how? Management and Engineering institutes & colleges are the best places for this activity Subjects & courses on entrepreneurships can be offered to students during their studies and facilities provided on campuses for developing innovative entrepreneurial ideas into proto-types. . which can be nurtured by providing the right opportunities and training.
HBS (Harvard Business School developed a capsule µMgt of Small enterprises¶ for stds eager to start their own business after World War.) EDI-Ahmedabad is the pioneer in India. To-day HBS requires its 900 1st year students to take a course called µThe Entrepreneurial Manager¶ and offers 20 elective courses in the area to its 2nd year students. Establish Entrepreneurship development parks (EDP) Incubators .II (in 1947).Similarly HBS graduate and venture capitalist Arthur Rock funded the first Professorship in the field of Entrepreneurship at HBS in 1980. These days most B-schools offer courses in e¶s etc. Even Wharton offers a major to prepare students for careers as autonomous entrepreneurs or as family business e-s.
Projects Final year projects in engineering colleges should be live projects which can be exploited commercially . Raghnvan centre for Entrepreneurial learning which offers teaching & research. (ii) IIM-L¶s Abhiyan E-cell. (i) IIM-B¶s NSRCEL (Nadathur S.Organize Entrepreneurship awareness camps Entrepreneurship development centers (EDC) eg. and state of the art incubator). Invite Entrepreneurship trainers Entrepreneurs for interface with students.
leading to increase in educated unemployed year after year. Former President of India at the 76th annual GM of FICCI . The system should highlight the importance of entrepreneurship and prepare the students right from college education to get oriented towards setting up the small scale industrial ventures which will provide them creativity and freedom and ability to generate wealth. APJ Abdul Kalam.WHAT CELEBRITIES SAY ON ENTREPRENEURSHIP IN EDUCATION There has been a substantial growth in our higher education.´ Dr. However our employment generation system is not in a position to absorb the graduates passing out from the universities. A multi pronged strategy is needed to make education more relevant.
an individual could have contributed much more to the society than as an executive working for somebody else.There is an entrepreneur within every human being. With Entrepreneurship you can change not just yourself but also the world. the society remains deprived when human beings cannot explore their Entrepreneurial abilities because as an Entrepreneur. Muhammad Yunus . Our education system should encourage Entrepreneurship. The world remains deprived.Prof. Noble Laureate.
Undergraduate courses in how to start and run a small business are becoming as ubiquitous as Economics.000 colleges and universities now offer atleast an entire course of study in entrepreneurship. THE NURSERY FOR INNOVATIVE ENTREPRENEURSHIP The college campus. compared with 16. more than 2. Nanina¶s Gourmet Sauce. More than two lakh students are enrolled in such courses. a student in that class. in 2005 by students taking an entrepreneurship course at Monmouth University. Gone is the conventional wisdom that running a small business cannot be learned by sitting in a classroom. for instance. . According to the Kauffman Foundation in Kansas City. it turns out. That is up from 253 institutions offering such courses in 1985. was started.COLLEGE CAMPUS. can be an ideal incubator for hatching small businesses. Nanina¶s products are now sold in nearly 400 supermarkets and gourmet shops in New Jersey and Manhattan. and the company¶s director of operations is 23 year old Nick Massari.000 in 1985. a pasta sauce company based in New Jersey.
helping them acquire the knowledge required for successful business development. Legatum has significant interests in India. the Legatum Center for Development and Entrepreneurship will support aspiring entrepreneurs from the developing world. Created with a $50-million funding from the Dubai-based Legatum. .MIT SETS CENTRE FOR ENTREPRENEURS Massachusetts Institute of Technology (MIT) has established an academic centre dedicated to development and entrepreneurship. a private firm that invests in global financial markets and in initiatives supporting sustainable development. with almost $1 billion invested in the country.
nenonline. provides them financial and technical assistance. helps them file for patents and devises models for self-sustenance ± has so far mobilized over 75. .HELP FOR INNOVATORS Honey Bee network. India which identifies individual innovators.000 innovations and traditional knowledge practices from over 500 districts.org) It offers platform for budding entrepreneurs. National Entrepreneurship Network (NEN) of the Hyderabad based Wadhwani Foundation (website: www. TiE (The Indus Entrepreneurs)-industry chambers promotes entrepreneurship.
BC- . Qualifications. Gender do not matter in the making of an Entrepreneur. Service Business Social Entrepreneurs (Noble-laureate Mohammed yunus) Educational Entrepreneurs (Dr. Ram Das Pai) Small Business Entrepreneurs Big Business Entrepreneurs 1st Generation Entrepreneurs 2nd Generation Entrepreneurs (Family Business Entrepreneurs) Age.TYPES OF ENTREPRENEURS ATechno Entrepreneurs: Manufacturing Business Entrepreneurs Business Entrepreneurs: Retail Business. Experience.
SOME INNOVATIVE ENTERPRISES Dabbawallas Sachet selling Designer clothes Voltage stabilizers Software solutions Coaching academies Multi-speciality hospitals Call centres. bill collection centres Security services centres Services Centres .
Samsung Nano Silver washing machine rinses cloths in a bath of water & silver ions. 15000). Smartbooks Areas relating to clean technologies. The Tata swatch is a cheap portable water filter that uses a grid of very tiny silver partical to shift dangerous bacteria out of drinking water. Service technologies. green technologies. Non conventional Energy technologies. Manufacturing technologies. TheSilver ions kill nasty germs. . New technologies such as Bio technologies. offer wide area for enterprenurers. waste management and waste recycle technologies. Netbooks. and Nano technologies.SOME AREAS FOR ENTREPRENEURSHIP Health care Environment conservation Environment friendly buildings Rain harvesting Skyscraper farming Water conserving toilet systems E-wastes disposal Garbage disposal Waste water reuse Energy Efficient devices Cheap laptops (example: HCL¶s laptops weighing less than a kg and costing less than Rs.
Saving one megawatt hour of electricity is equivalent to preventing a ton of carbon emissions. Tata motors are planning to go for green vehicles where the exhaust will no longer produce poisonous gas emissions. which don¶t require airconditioners.EXAMPLES OF ³GREEN´ INNOVATORS Kumar Builders from Pune have installed solar water heaters for 1.400 residential flats (under construction) which will save over 3. Designer Anita Dongree is installing windmills and solar panels at her new factory at Jaipur. . which is how we get the term carbon credit. but organic steam.000 megawatt hours of electricity annually. Tata Energy Research Institute (TERI) is also reportedly designing commercial buildings.
Special Public-Private Partnership Schemes including (i) Small Business innovation Research (SBIR) (ii) Biotechnology Industry Partnership Programme (BIPP) (iii) Biotechnology Industry Research Development Assistance Programme (BIRAP) etc and many more. TAP-SUN (Technology and Products) for Solar Energy Utilization through Net working). .The Ministry of Science & Tech has identified various areas to harness S&T for solutions to vexing problems like WAR (Wining Agumentation & Renovation) for water. The Teachers & Students of technical institutions can make full use of the opportunities offered by the ministry in exploring ideas for entrepreneurship and innovation.
FACTORS THAT INHIBIT ENTREPRENEURSHIP Lack of Motivation. Some Sources For Financial Help D.National Bank of Agricultural & Rural Development NSIC . Lack of finance for initial investment Lack of familial and community support for enterprise Scared of the cumbersome and time consuming process in establishing an enterprise and even if he starts the enterprise.C ± District Industries Centre NBARD.National Small Industries Corporation SFC . Ignorance of the opportunities that he can avail.I. Lack of requisite managerial skills to start and manage enterprise.State Financial corporation Commercial Banks . he is not sure of the sustained support from the agencies. shyness and inhibition on the part of the individual.
Initiative J. opportunities & sources B.Determination.Knowledge L.capabilities & teams C.Goal H.Judgment K.Confidence. (face) Challenges and Competitions D.SUCCESS FACTORS A. from mistakes).Learn (from others¶.Ability to identify ideas.(clear) Focus G.Humility I.Build . leadership (qualities) .Enthusiasm F. Decision (making) E.
Youthful energy & enthusiasm Z.(E) xecution Y.No (to die) O.Open to suggestions.Vision W.Management & Mobilizing of financial & resources N. (nurturing) relationships S.Patience.Zeal (Can do) .Work hard X.Quality (in what ever he does) R-Risk taking.Stead fast and self control T.Upright.Trustworthiness and team work U. of the prospective Customers) V. Passion and Perseverance Q.M. Understanding (of Business. Observation P.
It shouldn't be like I have got an idea . so here I am. Before launching your business. market size. Be prepared for eventual hiccups. You may have to bear losses and even humiliation in the first couple of years. never think that it is easy because the market is huge and getting a small piece of the cake won¶t be difficult. Do it only if you are passionate about the idea.Ramesh Chauhan (Chairman. et al. technology. But hang on. carry out foolproof research on every aspect of the business ± product . . Bisleri) His mantras for being a successful entrepreneur First of all. operation. competition. product quality.
Udall. decided to develop & market a backpack light enough for children to wear safely. a $2 million business in Campbell. so he went into the garage and came up with our first prototype for a rolling book bag. Laura Udall noticed that her young daughter Rachel suffered back pain from lugging her books back and forth to school. California. ³He is brilliant at coming up with things.´ she said. Her husband works for her as vicepresident for design & manufacturing. seeks an idea & converts it into reality in spite of failures. Nick. But after getting frustrated with a lack of progress. that makes luggage. she turned to her husband. She founded her company in 2003 & hired an industrial design firm. Udall. Nine year ago. Today. 52.Story of an Enterpreneur An entrepreneur observes. is chief executive of Zuca Inc. . a former saleswoman (at AT&T).
So she decided to set up µDomesteq Services¶ co to provide house-hold services to expat community but now she has more Indian Clients than expats. to create a curriculum for skill development of Domestic Staff.5. cooks. before it places them in job. Director (Special Projects) a member & consultants. found that the only way expat families could find domestic staff( Help) was thro a reference with in the community or thro neighbours which did not always work. an asstt. to work as cleaners. etc. It has the attention of National skills development corporation. (HT-15.Another Example Shawan Runacres. even teaches them English. a U.S Berkley graduate came to India 8 years ago with her husband.10) . children matrons. The Co has a Vice-President (o) a manager (Training & Placement). The Co trains Domestic Help in various chores.
came to New York to be among the skycrappers ± a club of tall ones. She became an entrepreneur.An idea that turned her into an Entrepreneur Peggy Newton of Lefanon. From a life insurance company she learned that the average height of American woman is 5 feet 3 inches and that one woman out of four is more than 5 feet 6 inches in height. . Missouri. So she planned her own business with manufacturers and established the first clothes shop for tall girls and made it work. She was 5 feet 10 inches in height and had the same trouble other girls of height had in securing desirable dresses.
Grief leads father into an Entrepreneur to create bomb-defusing robot The knock on Brian Hart¶s door came at 6am. Now.´ he railed against the military on his blog for shortcomings in supplying armor to soldiers. He became a defence contractor. He founded a company that has developed rugged.2003. The one-time Republican teamed with liberal senator Edward Kennedy to tell Congress that the Pentagon was leaving soldiers ill equipped. Brian Hart can¶t forget the call he got from his son in Iraq a week before he was killed by a gunshot on October 18. An army colonel. ³He asked me to help him: Get us body armor and vehicular armor. a priest and a police officer had come to tell Hart & his wife that their 20 year-old son had been killed when his military vehicle was ambushed in Iraq. left him in ³total devastation´. And a week to the day later. who says the death of his son. ´ . Brian Hart didn¶t channel his grief quietly. Technology to protect troops is a subject uncomfortably close to home for Hart. relatively inexpensive robotic vehicles to disable car bombs and roadside explosives before they denote in hot spots like Iraq and Afghanistan.´ Brian Hart said ´He thought he¶d be killed on the road in an unarmored Humvee. Committed to ³preventing the senseless from recurring. he was. Hart has won over military brass he so harshly criticizes. army private John Hart. And then Hart went beyond words to fight his cause. Three years after starting Black I Robotics Inc. Hart won a $728000 contract from the Pentagon to further develop the µLand Shark robot¶.
The Pentagon contract requires Black-I to supply three of its six-wheeled. Hart hopes to make them available for sale next year.000 per robot. The vehicle can pull tilling equipment to plow up soil where an explosive or trip wire may be hidden. with jets of water disabling the bomb. Hart says. with expectations that the cost would be $65. Black-I¶s Land Shark looks like a dude buggy without a seat for a human driver.000 to $85. while Boston¶s Logan airport will get one for bomb-disposal duties.5m in Pentagon funding next fiscal year. Or it can drop off µdisrupters¶ that can be maneuvered near a bomb and set off. At 275 pounds and 4 feet long. The military will test two units. Those models have more sophisticated electronics. soldiers in Iraq could be using the robots as soon as next year. which use car batteries rather than lighter and pricier lithium-iron batteries. . Hart contends Land Sharks will be far less expensive than many of the Pentagon¶s current bomb-disposing robots. His company is also trying to secure an additional $1. but also are more fragile than Land Sharks. If tests go well. electric-powered vehicles this year and provide support.
Pb. Delhi Bharti Bhushan (again an electrical engineer)± Jindal Electricals. Ajay Satia (medico)± Satia Paper Mills Ltd. Mukatsar. . Ludhiana Dr.SOME SUCCESS STORIES S K Bahl(an electrical engineer) ± Logicstat voltage stabilizers.
com. personal financing and content aggregation) Seed Capital Rs 4. new website in education. Vivek Pahwa age 27.Some young entrepreneurs (Ref India To-day. BITS Pilani & IIM-A Graduate. MBA (ISB-H) Founder & CEO of Accentium web (first websitedesimartini. Aspire March 2009) 1.5 crore Growing at 100% year on year. Sarath Babu 28. secondshaadi. (Web-Portals provider) . Founder: Food king (Catering Service) Seed Capital Rs 2000 Current turnover Rs 7 crore (Food King) 2.com.
a commercial flight pool services Seed Capital Rs 5 lakhs Current turnover Rs 5 crore.5 crore (Trainer) . Engineer Founder : Desi crew. rural BPO that trains talent in villages of small towns. Saloni Malhotra Age23. incubated at IIT-M Current turnover Rs 1.3. Computer Science & IT graduate Founder: Airnetz. (Service-Provider) 4. Atul Khekade 26.
Agricultural engineer & MBA from IIM-A Founder kaushalya Foundation that aims to make Bihar the vegetable hub of the nation.tech IIT-K Answer to low carbon requirements.5 crore 7. management graduate Co-founder. Amit Agarwal 28. 5 lakhs turn-over Rs 3. Rajat Sethi 23. Seed Capital Rs.5. Started w/o any initial investment. . Star Agri warehousing & collateral management that provides end to end logistics solutions to farmers. Kaushlendra 28.86 crore 6. Current turnover Rs 2.B.
making travel easy.8. Brain Reactions that uses creative college students to brainstorm new products & services for Fortune 1000 Companies. Deepak Kalhan .28. Anand Chhatpar 27.Tech from IIT-Allahabad.23 CEO-Avtin Dynamics Product Spara which reduces power losses Seed Capital Rs 10lakh 10.5 lakh 11. Nelvin Joseph . Arvind Lamba 24.5 crore (Services Provider) 9.000 Expected turn-over Rs 1. Seed capital Rs 40 lakh Current turnover Rs 1. Grad Univ. B. Computer graduate Digitalising Market Places Seed Money Rs 10. of Wisconsan Madison CEO. . IIM-A Graduate Founder: Mantis Technologies which is an online ticketing & business management platform for bus operators & travel agents.
Mumbai ± (MBA Student) Social entrepreneur ± engaged deaf adults for carrying couriers.000 charts across Karnatka of Kerla and has now moved to Gujrat. . Harish Handa ± (Engg degree from IIT-K. age 28 (Newage Pundit) Marketing graduate Founder Sacred Moments. Prakash Mundra. 14. Customized designer Puja kits Seed money Rs 4 lakh Current turn-over Rs 1 crore 13. Dhruv Lakra ± Founder of Mirakle Couriers.00. Doctorate in Energy Engg ± Unit of Massachusetts) ± Founder of SELCO based out of Bangalore Pioneered access to rural solar electrification to 8.12.
It has a mechanical trap which prevents the odur from going out. Water-less urinal was another item. ISTE may reserve a page or half in the news letter to regularly publish details of students and teacher entrepreneurs & their entrepreneurial activities. . just sit on it and push the button to go up & down. It should also institute ³young entrepreneur of the year´. Role of ISTE The ISTE can play a very effective role in creating awareness in entrepreneurship among students of technical institutions in the country and nurturing future entrepreneurs. awards in different disciplines of Engineering and Technology on all India basis similar to the annual ET-entrepreneur (From Industry) award. This will improve Industry. useful for saving water in public toilets.a Chair mounted on an inclined plane fitted on stairs. It included Domestic Chair Lift.Society interaction and bring revolution in entrepreneurship culture. For these awards it may involve Industry & Industrialists who may be ever ready & willing to fund such a move. Can be used by old. physically challenged or heart patience.At the recent 6th open house IIT-D students show-cased innovative solutions.
Genius will not.FINAL THOUGHT Entrepreneurs are not super-humans. and their determination to achieve their vision against all odds. their inclination towards treating challenges in a more creative and positive way. Education alone will not. Persistence and determination alone are omnipotent. Talent will not. The best way to conclude is with the lines of Calvin Coolidge: ³Nothing in the world can take the place of persistence. What is different is their approach towards things.´ . They have persistence and loads of determination to succeed in them. nothing is more common than unsuccessful men with talent. and these two are inseparable qualities possessed by every successful entrepreneur. Change is the essence of creativity. their vision. They always believe in making their mark in their own way. the world is full of educated derelicts. Entrepreneurs transform their ideas into businesses. unrewarded genius is almost a proverb.
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