Role of Entrepreneur

1. Wealth Creation and Sharing: 

2. Create Jobs: 
3. Balanced Regional Development: 
4. GDP and Per Capita Income: 
5. Standard of Living: 
6. Exports: 
7. Community Development
Factors Affecting Entrepreneurial Growth

Economic Factors

Cultural Factors

Technological Factors

Educational Factors

Sources of finance-
1. Equity Financing
2. Personal Savings
3. .Life insurance policies - A standard feature
4. Home equity loans - A home equity loan is a
5. Friends and Relatives
6. Venture Capital
7. Angel Investors
8. Government Grants
9. Equity Offerings
10. Initial Public Offerings
11. Warrants
12. Debt Financing
13. Friends and Relatives
14. Banks and Other Commercial Lenders
15. Commercial Finance Companies
16. Government Programs
17. Bonds
18. Lease
 Requirement for Entrepreneurship (for new ventures)
1. Entrepreneur and Managers
2. Functions and Objectives
3. Finances
4. Personnel (man power )
5. Infrastructure and Equipment
6. Marketing Strategy

Sources of Venture capital

Sources of Venture Capital

(i) Venture capital funds sponsored by All India financial institutions word their subsidiaries e.g.
venture capital scheme of IDBI, ICICI.

(ii) Venture capital funds sponsored by state level financial institutions e.g. Gujarat Venture
Finance Limited (GVFL).

(iii) Venture capital funds sponsored by public sector banks or their subsidiaries e.g. Confine
venture Fund.

(iv) Venture capital funds set up by private sector institutions, Indian or 1 Foreign e.g. Indus
venture capital Fund, Twentieth Century Finance Company (TCFC), Infrastructural Leasing and
Financial Services Limited.

Following are various sources of venture capital :

1. The EXIM Bank. 

(i) Information technology,

(ii) Internet

(iii) Media and entertainment

(iv) Telecommunications

(v) Biotechnology

(vi) Pharmaceuticals and (vii) Health care

EXIM Bank finances capital expenditure for setting up software development facilities as also
working capital, equity investment in overseas ventures, direct equity participation in Indian
ventures overseas, export product development etc.

2. IDBI’s venture Fund. 

(i) India Fund
(ii) Venture capital Fund (VCF).

4. Technology Development and Information Company of India Limited (TDICI).

5. IFCI’s venture capital. 
7. Punjab Infotech venture Fund 

Max Weber’s Theory of Entrepreneurial Growth:

Max Weber in his theory says religion has a large impact on entrepreneurial development.
According to Weber some religions have basic beliefs to earn and acquire money and some have
less of it. He calls them a ‘spirit of capitalism’ and ‘adventurous spirit’. The spirit of capitalism
will be generated when mental attitude in the society is favourable to capitalism. According to
Max Weber, driving entrepreneurial energies are generated by the adoption of exogenously-
supplied religious beliefs. It is these beliefs which produce intensive exertion in occupational
pursuits, the systematic ordering of means to ends, and the accumulation of assets. His theory
suggests the belief systems of Hinduism, Buddhism ad Islam do not encourage entrepreneurship.