Nurturing Entrepreneurship through Innovation.pdf

Entrepreneurship

1. SPIHER - TECHNOLOGY BUSINESS
INCUBATOR
INCUBATION
EXCELLENCE
NURTURING ENTREPRENEURSHIP
THROUGH INNOVATION

2. Agenda of this session
Who are Startup
Ecosystem Enablers?
Service Provided by
Incubation centers?
Startup availing support
from Incubation centers.
Funding Schemes Facilitated
by the Incubation centre.
Startup Opportunity.
Nurturing Entrepreneurship through
Innovation

3. Boost - up
A person who takes risk starts his own
venture with an innovative idea.
Early stage company selling
innovative product/services and
dependent on human potential than
investment.
STARTUPS
ENTREPRENEURSHIP

4. Adding little Innovation in
a Conventional Business
Making Huge business out
of an Innovation
Story of Tea Time from Petty Shop to a Private Limited Company
Selling Authentic Assam TeaScaling the recipe as a brand
in a petty shop in Andhra is“Desi Team Time Pvt. Ltd." in
Entrepreneurship5+ states is startup
ENTREPRENEURSHIP STARTUPS
EXAMPLE
DIFFERENCE

5. Invent & Innovate

6. Process of Innovation Development
& Innovate
Lets see

7. Phases of Innovation Development
Ideation
Pre-Incubation
Incubation
Acceleration

8. Incubation, Innovation, Entrepreneurial
Ventures and startup ecosystem
enablers in India
MoE - IIC
MHRD Innovation cell
EDII E cell and E Hubs
RUSA 2.0 EIC Hub
DST New Gen IEDP Hub
PRIMARY ENABLERS - EDC

9. AIM Foundations
BIRAC Bio Nest
EDII Incubators
MSME Incubators
PM FME Incubator
i-TBI - NIDHI
NIDHI Accelerator
Meity Startup Hub
Incubation, Innovation, Entrepreneurial
Ventures and startup ecosystem
enablers in India
SECONDARY ENABLERS

10. Other Startup Ecosystem Enabler
Venture Capitalist
Angel Investor
TERTIARY

11. INCUBATOR ACCELERATOR
EARLY
STAGE
SECONDARY
STAGE

12. R&D CELL INCUBATION CELL
INNOVATIVE PLATFORM BUSINESS INCUBATOR
FOCUS ON FOCUS ON
Publication
Profile Building
Prototype Development
Commercialization

13. Person/Company who provide
Capital to the Startup
Subject to Exchange of ownership
equity / Convertible debt
Angel Investor

14. ANGEL INVESTOR BANK

15. Person/Company who invest to
the Startup
Subject to Exchange of ownership
equity / Convertible debt
Venture Capitalist

16. VENTURE CAPITALIST ANGEL INVESTOR
POOLED FUNDING /
COLLECTED FUNDING
OWN FUNDING
/ SEED
INVESTOR

17. INNOVATION ESSENTIALS IN VARIOUS
STAGES

18. IDEATION
ALL YOU NEED INITIALLY IS
“IDEATION”
AN INNOVATIVE IDEA WHICH IS FEASIBLE AND
CAN CREATE A HUGE IMPACT UPON
IMPLEMENTATION

19. IDEATION
HOW CAN A IDEA CREATE HUGE
IMPACT?

20. EXAMPLE
IDEATION

21. DESIGN THINKING

22. THINK OUT OF THE BOX

23. ACTIVITY

24. ACTIVITY

25. POPULAR VC WEBISTE
EMERGENCE CAPITAL
ALTA PARTNERS.
SEQUOIA CAPITAL
FOUNDER'S FUND
LIGHTSPEED VENTURE PARTNERS
SUSA VENTURES
ATOMICO
GV (GOOGLE VENTURES)

26. POPULAR ANGELS WEBISTE
FUNDED.COM
ANGEL CAPITAL ASSOCIATION
IANGELS
ANGEL INVESTMENT NETWORK BLOG
SEED INVEST
LETS VENTUREROCKIES VENTURE
NEXEA CLUB
CROWD WISE

27. Who can get
Incubation Support ?
Any individual with above 18
with innovative idea
A Full time faculty permitted by
their employer
UG/PG/Ph.D / Post Doctoral
students in any domain
C.
B.
A.

28. Supports provided by Incubator /
Startup ecosystem enablers ???
COMPANY
REGISTRATION
MENTOR CONNECT
PROGRAM
IPR/PATENT
SUPPORT
TECHNICA
L
SUPPORT
FUNDING
ASSISTANCE
MARKETIN
G
GUIDANCE
PRODUCT
SHOWCASE
INTERNSHIP
& NETWORKING
Startup enablers provide the following support
system for the Incubatees-

29. Company Registration
Private Limited
Partnership
LLP - Limited Liability Partnership
OPC - One Person Company
Sole proprietor
Section 8 Company
Udhayam Registration

30. Startup India Registration
DPIIT
www.startupindia.gov.in

31. Intellectual Property Rights
Patent
Copyrights
Trademark
Geographical Indication

32. Startup Kit
Bank of Baroda
Startup India scheme

33. Intern Support
Participates in the planning and
implementation

34. Faculty Mentor Empanelment
Mentor Support
www.aiirf.com/become-a-mentor/

35. Tech Support
Provide Technical, Software &
Hardware Assistance

36. Marketing Guidance
Tips and steps for Promotion
for your community

37. Product Showcase
Tamil Nadu Startups and incubators meet 2022, Chennai

38. Investor Connect
Connect 2 Investors Conclave 2022

39. Funding Schemes Available for
the early stage startups
Tamil Nadu Student Innovator
Avail upto 50k to 1 L

40. Funding Schemes Available for
the early stage startups
Innovation Voucher Program
VOUCHER A VOUCHER B
Avail upto 2 L Avail upto 5 L

41. Funding Schemes Available for
the early stage startups
BIRAAC’S SPARSH
NSTEDB NIDHI EIR
IAIN FELLOWSHIP
MEITY TIDE 2.0 EIR

42. THINK OUT OF THE BOX

43. ACTIVITY

44. NURTURING
ENTREPRENEURSHIP THROUGH
INNOVATION
Nurturing entrepreneurship through innovation is a dynamic and
multi-faceted process. Here are key points highlighting the
significance and strategies for fostering entrepreneurship through
innovation:

45. WHY IS ENTREPRENEURSHIP IS
IMPORTANT FOR STUDENTS/
FACULTY?

46. 1.CATALYST FOR ECONOMIC GROWTH:
INNOVATION IS A KEY DRIVER OF ECONOMIC DEVELOPMENT, CREATING NEW
INDUSTRIES, JOBS, AND OPPORTUNITIES FOR GROWTH.
ENTREPRENEURSHIP FUELED BY INNOVATION CONTRIBUTES TO INCREASED
PRODUCTIVITY AND COMPETITIVENESS, ENHANCING A NATION'S OVERALL
ECONOMIC HEALTH.
2. ECOSYSTEM COLLABORATION:
A THRIVING ENTREPRENEURIAL ECOSYSTEM INVOLVES COLLABORATION AMONG
VARIOUS STAKEHOLDERS, INCLUDING STARTUPS, INVESTORS, ACADEMIA,
MENTORS, AND GOVERNMENT BODIES.
BUILDING STRONG CONNECTIONS AND PARTNERSHIPS WITHIN THE ECOSYSTEM
FACILITATES THE FLOW OF IDEAS, RESOURCES, AND SUPPORT CRITICAL FOR
ENTREPRENEURIAL SUCCESS.

47. 3. CULTURE OF CREATIVITY:
CULTIVATING A CULTURE THAT VALUES CREATIVITY, RISK-TAKING, AND
EXPERIMENTATION IS CRUCIAL FOR FOSTERING INNOVATION.
ORGANIZATIONS AND COMMUNITIES THAT ENCOURAGE OPEN-MINDEDNESS AND
DIVERSE PERSPECTIVES CREATE AN ENVIRONMENT WHERE ENTREPRENEURS FEEL
EMPOWERED TO PURSUE NOVEL IDEAS.
4. INVESTMENT IN RESEARCH AND DEVELOPMENT
(R&D)
ALLOCATING RESOURCES TO RESEARCH AND DEVELOPMENT ACTIVITIES STIMULATES
INNOVATION BY FOSTERING THE CREATION OF NEW PRODUCTS, SERVICES, AND
TECHNOLOGIES.
R&D INVESTMENTS CONTRIBUTE NOT ONLY TO INDIVIDUAL COMPANY GROWTH BUT
ALSO TO THE OVERALL ADVANCEMENT OF INDUSTRIES AND SECTORS.

48. 5. ACCESS TO RESOURCES AND SUPPORT:
ENTREPRENEURS NEED ACCESS TO FINANCIAL RESOURCES, MENTORSHIP, AND
NETWORKING OPPORTUNITIES TO TRANSFORM INNOVATIVE IDEAS INTO
SUCCESSFUL BUSINESSES.
GOVERNMENTS, INCUBATORS, AND PRIVATE ORGANIZATIONS PLAY A VITAL ROLE IN
PROVIDING THE NECESSARY SUPPORT STRUCTURES FOR ENTREPRENEURS TO THRIVE.
6. EMBRACING EMERGING TECHNOLOGIES:
INTEGRATING CUTTING-EDGE TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE,
BLOCKCHAIN, AND THE INTERNET OF THINGS ENABLES ENTREPRENEURS TO CREATE
INNOVATIVE SOLUTIONS AND DISRUPT TRADITIONAL INDUSTRIES.
GOVERNMENTS AND BUSINESSES SHOULD INVEST IN DIGITAL INFRASTRUCTURE AND
PROMOTE THE ADOPTION OF TECHNOLOGY TO EMPOWER ENTREPRENEURIAL
ENDEAVORS.

49. 7. EDUCATIONAL INITIATIVES:
INTEGRATING ENTREPRENEURSHIP EDUCATION AT VARIOUS LEVELS EQUIPS
INDIVIDUALS WITH THE MINDSET AND SKILLS REQUIRED TO NAVIGATE THE
COMPLEXITIES OF INNOVATION.
WORKSHOPS, SEMINARS, AND MENTORSHIP PROGRAMS CONTRIBUTE TO BUILDING A
PIPELINE OF CREATIVE AND ENTREPRENEURIAL TALENT.
8. ADAPTABILITY AND AGILITY:
SUCCESSFUL ENTREPRENEURSHIP THROUGH INNOVATION REQUIRES ADAPTABILITY
AND AGILITY IN RESPONSE TO MARKET CHANGES AND EVOLVING CUSTOMER NEEDS.
ENTREPRENEURS SHOULD BE ENCOURAGED TO ITERATE AND PIVOT, EMBRACING A
MINDSET OF CONTINUOUS LEARNING AND IMPROVEMENT.

50. 9. INCENTIVES AND POLICIES:
GOVERNMENTS CAN PLAY A PIVOTAL ROLE IN NURTURING ENTREPRENEURSHIP BY
IMPLEMENTING POLICIES THAT INCENTIVIZE INNOVATION, SUCH AS TAX BREAKS,
GRANTS, AND SUPPORTIVE REGULATORY FRAMEWORKS.
CREATING AN ENVIRONMENT THAT REWARDS RISK-TAKING AND LONG-TERM
VISION ENCOURAGES ENTREPRENEURS TO PURSUE INNOVATIVE SOLUTIONS.
10. GLOBAL COLLABORATION:
COLLABORATION ON A GLOBAL SCALE PROVIDES ENTREPRENEURS WITH ACCESS TO
DIVERSE MARKETS, RESOURCES, AND TALENT.
INTERNATIONAL PARTNERSHIPS AND NETWORKS ENABLE THE EXCHANGE OF IDEAS
AND BEST PRACTICES, FOSTERING A GLOBAL INNOVATION ECOSYSTEM.

51. Nurturing entrepreneurship through innovation involves a
comprehensive approach that encompasses cultural,
educational, financial, and technological elements. By
addressing these aspects, societies can create an
environment conducive to the continuous generation of
innovative ideas and the sustainable growth of
entrepreneurial ventures.

52. ACTIVITY

53. Warm UP
We believe that life in India is not
about getting a Degree and going
for a Good Job It's about Creating an
Idea and taking India into Wealth
Creation
Interest is the initial investment to all
@Arunkumar Ramamurthy
Your Network remainds your Net worth

54. Thank You
Sky is the only limit
Website
Email Address
Phone Number
www.spectbi.com
[email protected]
[phone]
@Arunkumar Ramamurthy
ARUN KUMAR