Building Startup & Innovation Centres

Introduction

Entrepreneurship education provides students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings. Variations of entrepreneurship education are offered at all levels of schooling from primary or secondary schools through graduate university programs and self-reliance is reliance on one’s own powers and resources rather than others. It is also called self-sufficiency, self-support, self-sustenance, self-standing, independence etc. With the advent of policy level interventions by government, a self-reliant India will stand on five pillars: ‘economy’, ‘infrastructure’; ‘system’, based on 21st century technology driven arrangements; ‘vibrant demography’ and ‘demand’, whereby the strength of our companies and family businesses will be able to tap huge demand and supply gap and lead to self-reliance.

The recent explosion of entrepreneurial activity and prominent role of knowledge in the ‘new economy’ has prompted a shift in expectations about the role academic institute should play in developing entrepreneurs through entrepreneurial education. Thus, arguments have been made that show the need for academic institutes to become more entrepreneurially oriented, thereby facilitating a change in their approach and to governance and administration.

The early exposure to the need of innovation and problem solving cultivates the risk taking attitude in the students. Such implementation through as structured mechanism is required to be adopted to promote student startups.

This Faculty Development Programme (FDP) is designed to train and develop professionals in entrepreneurship development so that they can act as resource persons in guiding and motivating young individuals to take up entrepreneurship as a career.

Objective

The Faculty Development Programme intends to fulfill the following objectives:

  • To create an awareness of the need and importance of entrepreneurship development.
  • Impart knowledge and develop skills in diverse training methods for imparting training to students and budding startups.
  • Develop teachers with an entrepreneurial and innovative mindset.
  • Make them aware of the facilitating financial & regulating schemes for startups and MSMEs.
  • Equip teachers with skills and knowledge that are essential for inculcating entrepreneurial values in students and guiding and monitoring their progress towards an entrepreneurial career.

Methodology

At the completion of the training program, participants would be trained as entrepreneurship educator-trainer-motivator-counsellor. As a result of this program, the participant will be able to imbibe entrepreneurial intention in students through these three focused areas of intervention namely – knowledge, skills and attitude. Building on the knowledge will make students aware of how to assess opportunities and various entrepreneurial career options. Skilling them will bring creativity, understanding of managing resources and team, thereby managing risk. Attitude, being the most difficult to work on, will develop self-confidence and sense of initiative and achievement in the students.

Content

The content of the proposed FDP is in accordance with the outcomes to be achieved: Knowledge, Skill and Attitude.

Knowledge
  • Awareness about entrepreneurship
  • Entrepreneurial and managerial practices in decision making
  • About the stages of Startup Lifecycle
  • Various technologies to be adopted (if applicable) and IPR
Skills
  • Whole gamut of skills required to implement the knowledge acquired on entrepreneurship and management; e.g.
  • Assess the viability of business opportunity and creation of new venture.
  • Plan, organize, and execute a project for new venture.
  • Develop and deploy innovative solutions to solve the problems faced by the communities.
Attitude
  • Seed and nurture entrepreneurial behaviour for pursuing effective entrepreneurial aspiration and handle set-backs, if any
  • Creativity and Innovation
  • Ability to positively implement constructive criticism

Eminent Academicians, Advisors and subject experts from Research and Development, Startups, Industrialists/ Entrepreneurs, Policymakers, Govt. officials, innovators, motivators and the persons working in the area of startup support will be engaged for the program to give a holistic perspective on the proposed topics.

Program content

As this program is in online mode, each session will be minimum of one hour. Further, to increase the impact of the learning outcomes, the first two sessions will be engaged by faculty or subject matter experts and the third session will be completely discussion. The participative discussion with the people that are part of this process will be very insightful and inspiring for the participants and it will enable them to visualise across possible challenges and ways to tackle those.

DAY 1: Introduction & Start-up ecosystem

 

Date 26/10/2020
Morning Session I Inauguration: Welcome & About the Program
High-tea break
Session II Topic: Running Startup Engine in your college
Lunch Break
Afternoon Session III Topic: The creative process of entrepreneurs and innovators
Breakout Sessions in 5 Groups Faculty/Expert Session: Interactive session

DAY 2: Idea to Business Model

 

Date 27/10/2020
Morning Session I Topic: Ideation: Finding the Early Adopters
High-tea break
Session II Topic: Service and Product Development through Creative Innovation : How can your startup cell build this culture
Lunch Break
Afternoon Session III Topic: Startup Lifecycle: Problem Validation to Matching the Revenue Model : Considering your startup cell as product to match Revenue Model
Breakout Sessions in 5 Groups Faculty/Expert Session: Interactive session

DAY 3: Pivot or Persevere

 

Date 28/10/2020
Session I Topic: MVP and Experiment Design
High-tea break
Session II Topic: MVP and Experiment Design (practical sessions)
Lunch Break
Afternoon Session III Topic: Business Model Breakdown and Co-creation Approach
Breakout Sessions in 5 Groups Faculty/Expert Session: Interactive session

DAY 4: Role of Innovation Cells

 

Date 28/10/2020
Morning Session I Topic: Crux of Pre-Incubation in Academic Setup
High-tea break
Session II Topic: IPR and Technology Commercialization
Lunch Break
Afternoon Session III Topic: Methodical Approach to Financing Start-ups: Seed Support
Breakout Sessions in 5 Groups Faculty/Expert Session: Interactive session

DAY 5: Valedictory

 

Date 30/10/2020
Concluding Remarks and Vote of Thanks