Entrepreneurship and startup (6001)-M1.pptx

Entrepreneurship and startup

1. Entrepreneurship and Startup

2. Entrepreneurship Aw n- truh - pruh - nur -ship

3. Syllabus

4. Wennekers and Thurik definition : Entrepreneurship is the manifest ability and willingness of individuals, on their own, in teams, within and outside existing organizations to perceive and create new economic opportunities (new products, new production methods, new organizational schemes and new product-market combinations), and to introduce their ideas in the market, in the face of uncertainty and other obstacles, by making decisions on location, form and the use of resources and institutions.

5. Entrepreneurship  is the creation or extraction of  economic value  in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones .

6. The entire process of setting up a business/enterprise is known as "entrepreneurship". 

7. An entrepreneur is a person responsible for setting up a business or an enterprise . He has the initiative, skill for innovation and looks for high achievements. An entrepreneur is one who always searches for changes, responds to it and exploits it as an opportunity ..  

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10. .  Myths of Entrepreneurship Entrepreneurs are born not made. Entrepreneurs should be young. Lot of capital is required to start a business. Entrepreneurs give little attention to their personal life. Entrepreneurs are often technically qualified. Banks do not lend money to start a business. Women cannot become entrepreneurs. Own land/building is required to start a business. There are lot of legal requirements to start a business.

11. Start-up A startup is a temporary organization formed to search for a repeatable and scalable business model

12. Characteristics of Start-up Innovation High Growth Potential Use of Technology Disruptive technologies or business models Risk ventures with high degree of uncertainity Flexible and dynamical organizational structure Funding from various sources angel investors, venture capitalists , crowd funding or government grants

13. Entrepreneurship and Start-up Entrepreneurship should be considered a broad and multidimensional concept that refer to various businesses from small local enterprises to large MNCs. Entrepreneurship encompasses the entire process of starting , running and finding new markets for a business.

14. Entrepreneurship and Start-up Start ups are specific type of business that focus on rapid growth and innovation, often combining this with technology In this context , all start ups are examples of entrepreneurship but not all entrepreneurship is a start-up

15. List the Entrepreneurship Opportunities and Startup Ecosystem in India India has a thriving entrepreneurship ecosystem with a wide range of opportunities for startups The country has witnessed significant growth in the startup sector in recent years, driven by factors like a large and young population , increasing internet penetration , government initiatives , and a growing investor community

16. List the Entrepreneurship Opportunities and Startup Ecosystem in India Technology and Software Development E-commerce Fintech: The financial technology sector Healthcare Agritech Edtech Clean Energy and Sustainability AI and Machine Learning SpaceTech Smart Manufacturing

17. List the Entrepreneurship Opportunities and Startup Ecosystem in India Tourism and Hospitality Social Enterprises Government Initiatives Incubators and Accelerators Investor Community Skilled Workforce Market Potential Cultural and Linguistic Diversity

18. Entrepreneurship Opportunities and Startup -Challenges Challenges: It's essential to note that India's startup ecosystem also faces challenges, including regulatory hurdles, competition, and infrastructure issues. Despite these challenges, India's entrepreneurship ecosystem continues to thrive, making it an exciting destination for startups looking to innovate and scale their businesses.

19. Entrepreneurship: Definition: Entrepreneurship is a broader concept that refers to the mindset, activities, and qualities of individuals who identify and create new business opportunities. It encompasses the entire process of conceiving, developing, and managing a business venture.   Mindset: Entrepreneurship is a mindset or approach to business that involves risk-taking, innovation, and the willingness to pursue opportunities, even within existing organizations.   Scope: It is not limited to starting a new business; entrepreneurship can also involve introducing innovative ideas, products, or processes within established companies (intrapreneurship).   Objective: The primary objective of entrepreneurship is to create value by identifying opportunities, solving problems, and driving economic growth.  

20. Startups:   Definition: Startups are newly established businesses or companies with a unique business model, product, or service that aims to disrupt existing markets or create entirely new ones. Startups are a specific type of entrepreneurial venture.   Stage: Startups are typically in their early stages of development and growth. They may be newly founded or in the process of scaling up.   Innovation: Startups often focus on disruptive innovations, and they frequently leverage technology to bring novel solutions to the market.  

21. Funding: Startups often require external funding, such as venture capital, angel investment, or crowdfunding, to finance their growth and development.   Growth: The primary objective of startups is rapid growth and scaling, with the potential to become a large and successful company.   Exit Strategy: Many startups have exit strategies in place, such as being acquired by a larger company or going public through an initial public offering (IPO).    

22. Entrepreneurship Examples in India:   Ratan Tata: Ratan Tata is a well-known Indian entrepreneur who led the Tata Group, one of India's largest and most diversified conglomerates. Under his leadership, Tata Group expanded its global presence and invested in various industries, including steel, automotive, telecommunications, and hospitality.   Kiran Mazumdar-Shaw: Kiran Mazumdar-Shaw is the founder of Biocon, a biotechnology company in India. She is a prominent female entrepreneur who has made significant contributions to the biopharmaceutical industry and built a successful global business.   Azim Premji: Azim Premji is the chairman of Wipro, a leading IT services company in India. He transformed Wipro from a vegetable oil manufacturer into a global IT powerhouse, showcasing the entrepreneurial spirit within established companies.

23. Startup Examples in India:   Flipkart: Flipkart is one of India's largest e-commerce startups, founded by Sachin Bansal and Binny Bansal. It disrupted the traditional retail industry by providing online shopping and delivery services.   Ola: Ola is a successful Indian startup that offers ride-sharing services. It competed with traditional taxi services and became a significant player in the transportation industry.   Paytm: Paytm is a fintech startup that started as a mobile payment platform and expanded into digital banking, wealth management, and e-commerce. It played a vital role in India's digital payment revolution.  

24. Startup Examples in India:   BYJU'S: BYJU'S is an edtech startup that provides online learning solutions. It grew rapidly, offering interactive educational content to students in India and abroad.   Zomato: Zomato is a food delivery and restaurant discovery platform that originated in India and expanded globally. It transformed the food service industry by connecting users with a wide range of dining options.   Unacademy : Unacademy is another successful edtech startup in India that provides online courses and live classes, making education more accessible to students preparing for competitive exams.  

25. Genrobotics was founded in 2015 by Vimal Govind MK, Arun George, Nikhil NP and Rashid Bin Abdulla Khan. The company’s flagship product is the Bandicoot robot which helps clean confined spaces such as sewer manholes , sewer wells, storm water manholes, oily water sewers and storm water sewers in refineries. The company has also ventured into the healthcare space with the launch of G Gaiter – a robot-assisted gait training solution for recovering paraplegics. Legal Name : Genrobotics Innovation Pvt Ltd Headquarters : Trivandrum, Kerala, India Founding Date : 2015 No. of Employees : 61 to 100 Core Team : 1.   Vimal Govind MK Co-Founder, CEO & Chief Product Architect 2.   Arun George Co-Founder & Director 3.   Rashid K Co-Founder & Director 4.   Nikhil NP Co-Founder & Director

26. Aakri is the first and foremost Waste Management Technology startup dedicated to addressing the pressing waste issues faced by society and the environment as a whole With a satisfied customer base exceeding 65 thousand, Aakri stands as a prominent player in Kerala's waste management sector. Aakri's core mission revolves around recycling, using a technology-driven platform to optimize waste collection and integrate segregated waste into a vast recycling network. Aakri’s reach extends across municipalities, commercial establishments, and residential communities across Kerala, all managed from the headquarters in Kochi, Kerala. Chandrasekhar (43) launched A4 Mercantiles popularly known as AAKRI in 2019 with just two staffers, an app, a vehicle

27. Founder : Mohammed Hisamuddin Total Funding Amount : $14.8M Founded Year : 2015 In a world where the job market is constantly evolving, keeping up with the latest skills and knowledge is more important than ever. Entri is a platform that understands this vital need and aims to bridge the gap between jobseekers and learning tools. With Entri , users can access a range of resources to help them prepare for their dream job, from mock/adaptive tests to video lessons and flashcards. What's more, these tools are available in multiple vernacular languages, making them truly accessible to all.

28. Accubits Founders : Anand Sukumaran Nair, Anand Sukumaran Nair, Ditto PS, Jithin VG Founded Year : 2012 Accubits is a dynamic startup that has been instrumental in transforming the landscape of software development services. At Accubits , the focus is on providing integrated and innovative solutions to governments and enterprises worldwide. With a deep understanding of emerging technologies and expertise in a wide range of areas, Accubits is able to deliver customized and tailored solutions that meet the specific needs of its clients

29. Accubits Founders : Anand Sukumaran Nair, Anand Sukumaran Nair, Ditto PS, Jithin VG Founded Year : 2012 Accubits is a dynamic startup that has been instrumental in transforming the landscape of software development services. At Accubits , the focus is on providing integrated and innovative solutions to governments and enterprises worldwide. With a deep understanding of emerging technologies and expertise in a wide range of areas, Accubits is able to deliver customized and tailored solutions that meet the specific needs of its clients

30. 5. Beagle Security Founders : Prathap Chandran, Rejah Rehim Founded Year : 2018 Beagle Security is a company that's dedicated to helping businesses stay secure against cyber-attacks. With their SaaS-based web application testing tools, they've developed a range of effective solutions to help identify vulnerabilities within systems before cybercriminals can exploit them. Unlike manual analysis, their penetration tools are designed to be more proactive in discovering loopholes and other security flaws that might be easily missed otherwise.