Young Generation and Entrepreneurship

as a Career Option

Presented by:
8356-8360
Entrepreneur

Entrepreneurs are people who have the ability

to see & evaluate business opportunities ; to
gather the necessary resources to take
advantage of them , and to initiate
appropriate action to ensure success.
Characteristics

Vision
Enthusiastic Passion
Persistence and Determination
Take Prudent Risks
Optimist and Decision maker
Motivated and Sensible
Why Young People want to become
Entrepreneur

Personal growth on overdrive

More freedom
Create more value, make a bigger difference
and do what you love
Failure is not a big deal
There is a lot of support available
Better understanding of the youth market
and emerging trends
Companies started by Young
Entrepreneurs

FLIPKART.COM
Founders: Sachin Bansal & Binny Bansal
Location Bangalore

Year of founding: October 2007

Nature of business: Online retail
Funding: Self-funded, invested Rs 4 lakh
Will make money by: 2011
Revenue: 2008-Rs 4-5 crore; 2009 (Projected)-
Rs 20 crore
Number of employees: 20
Biggest threat: Other online retailers which sell
books, such as Indiatimes and Rediff
Contd…

ASKLAILA.COM
Founders: Kiran Konduri and Shriram Adukoorie
Konduri
Location Bangalore
Year of founding: December 2006
Nature of business: Consumer-specific local information service
delivered through multi-platforms (web,
mobile, TV and print)

Funding: Secured a total of $12 million from Matrix

Partners India, Lightspeed Venture Partners,
SVB India Capital Partners Fund

Number of employees: 30 technical engineers and nearly 150 on field

support
Contd…

REDBUS
Founders: Phanindra (Phani) Sama

Location Bangalore

Year of founding: 2006

Nature of business: e-Commerce

Funding: Rs 2-5 crore Seed fund

companies
Key Competitors Ticketvala.com,
Abhibus.com
Contd…

MASH AUDIO VISUALS

Founders: Phanindra (Phani) Sama

Location Delhi

Year of founding: 2006

Nature of business: e-Commerce

Funding: Rs 2-5 crore Seed fund

companies
Key Competitors Ticketvala.com, Abhibus.com
Awards for Young Entrepreneurs

TATA NEN Hottest start-ups

As a result combined efforts of TATA and NEN
Two leading venture capital firms, Seedfund and Helion
Tata Consultancy Services (TCS) has partnered with the Awards to provide
common office applications and vertical specific applications
Assistance from IIM’s, Microsoft and NEN for business support to the Shortlisted
companies
Specially designed courses for the winning teams, admission to incubations, and
access to funds of over 50 lakhs for each Winner.
Business world India’s Most
Promising Entrepreneurs Award

This year Business world decided to create its list of promising

entrepreneurs
Only those who were in the early stages of their start-up process
were selected
Process of selection
Nominations from VCs, seed funds and PE funds
38 enteries were selected keeping age of promoters below 35 years
22 were shortlisted on the basis of idea and execution
8 selected for first elimination round
After detailed discussion top 5 were choosen
Measures taken by govt Orgs for
Fostering Entrepreneurship among
young generation
District Industrial Centre (DIC)
National Small Industries Corporations (NSICs)
State Financial Corporations (SFCs)
Small Industrial Service Institutes(SISIs)
Technical Consultancy Organisations(TCOs)
Indian Institute of Entrepreneurship
Efforts to Foster Young
Entrepreneurship in India

Entrepreneurship Development Cell (EDC)

Business Mantra – A TV Serial on
Entrepreneurship
Web-site for Techno-entrepreneurs
NEN: Promoting entrepreneurship as a
novel career option

Co-founded by leading academic institutes in

India
The initiative, a first-of-its-kind to tap
entrepreneurship on campuses has received
tremendous response
The key objective of NEN is to motivate and
educate students to take on entrepreneurship,
which will in-turn create new jobs
The Entrepreneurship Development
Institute of India (EDII)

The lacunae in India's educational system do

not promote independent thinking, creativity, or
a spirit of innovation. Thus, with the conviction
that entrepreneurs are not necessarily born as
such but can be developed, the EDII launched
a variety of programs.
For Instance - The Rural Entrepreneurship
Development (RED) division
Entrepreneurship Cell

Interactions with successful alumni

Entrepreneurs
Guest Lectures
Workshops
Business Plan Competition
Entrepreneurship Games
Contd…

PUMBA ED CELL
SYMBIOSIS E CELL
IIT’s, IIM’s MENTOR ENTREPRENEURSHIP
CELL
Power of Idea
It is an initiative by ET
The Economic Times is supported by Indian Angel
Network Services Private Limited
Who can participate
Enterpreneurs
Students
Start Ups
Early stage companies
By Age

By Age
By Education

By Education
By Designation

By Designation
By Sector

By Sector
By Zone

By Zone
Youth Entrepreneurship Club
Young Entrepreneur News Channel (YES)
Young Entrepreneur Shipping
Young Entrepreneur Export
Young Entrepreneur School
Conclusion

It is easy to talk about taking risks to achieve something

worthwhile. It is relatively difficult to walk that talk particularly when
it involves walking away from a lucrative and safe job offer.
The ability to take risks and the ability to walk away from a safe
and secure option is the first thing we notice about young
entrepreneurs.
The second thing is the passion they have for their projects.
In the long run, we believe that it is this breed of entrepreneurs
who will take the country forward. They will create new companies,
new jobs and whole new industries. There will be many who fall by
the wayside. But the ones who succeed will reshape our markets
and industries
Thank You….