INCUBATING ENTREPRENEURS

Transcription

1 INCUBATING ENTREPRENEURS A System Approach to Catalyzing Innovators, Entrepreneurs & Ecosystems from the Ground Up Rajesh Nair Visiting Scholar, Massachusetts Institute of Technology Sr. Lecturer, Director, Innovation & Entrepreneurship Center, ASB rajnair@mit.edu

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3 TOP-DOWN APPROACH Policy Funding Accelerators Incubators Mentors Training

4 How can we harvest from the equally capable untapped majority?

5 CRITICAL FACTORS FOR TRANSFORMATION Internal Self-confidence built through experience External Supportive ecosystem Interventional Early initiation and mentorship

6 ENTREPRENEURSHIP CONVERSION more than 5000 to 1 conversion students aspiring entrepreneurs student entrepreneurs experienced entrepreneurs

7 ENTREPRENEURSHIP CONVERSION My Focus university/ community students aspiring entrepreneurs student entrepreneurs experienced entrepreneurs university programs ecosystem investors govt policies

8 MAKING OF AN ENTREPRENEUR ZERO Students in common university stream Focused on Graduation & Placement zero Not exposed to application of theory

9 MAKING OF AN ENTREPRENEUR MAKER Digital Fabrication Making as a habit zero maker Build community DESIGN. MAKE. PLAY.

10 48 HOUR MAKERFEST

11 TOOLS TO MASTER IDEATION PRESENTATION Input Processing Output SYSTEM APPROACH ARDUINO/ CODING PHYSICAL DESIGN FABRICATION TEAMWORK SENSORS CONTROLLER ACTUATORS

12 MAKING MAKERS MakerFest conducted at Taylors Univ at Kuala Lumpur for Pre-university students (17 yr olds)

13 Useless Box, created by 17 year olds with no design background at INTI Univ at Penang, in 48 hours.

14 Goal scoring robot and Goal Counting Net, Designed by 6-11 graders at Ho Chi Minh City, Vietnam in 48 hours. They learned CAD and 3Dprinted and laser cut parts.

15 MAKING OF AN ENTREPRENEUR INNOVATOR Solves Problems Need driven zero maker innovator Design Thinking EMPATHY. NEED. SOLUTION.

16 INNOVATION BOOTCAMP

17 TOOLS TO MASTER EMPATHY NEED DEFINITION SOLUTION IDEATION FABRICATION VALIDATION

18 EMPATHY

19 MIT MAKE-IN-INDIA

20 do. fail. learn. launch.

21 GOING FROM NEED TO TECH strategy product technology unmet human need design thinking engineeritis

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23 MAKING OF AN ENTREPRENEUR zero maker innovator entrepreneur STRATEGY. RISK. LAUNCH.

24 ENTREPRENEURSHIP BOOTCAMP

25 TOOLS TO MASTER OPPORTUNITY EVALUATION SOLUTION VALIDATION REACHING THE CUSTOMER FINANCIAL PLAN

26 KADHA: THE SOAP WITH A STORY A project developed at MIT Make In India program in Summer 2015 by students from MIT and India.

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53 MAKING OF AN ENTREPRENEUR zero maker innovator entrepreneur hacks hacks hacks uninitiated things problems opportunities Feasible Feasible & Feasible, Desirable Desirable & Viable

54 SYSTEM THINKERS MAKER Product System User experience INNOVATOR Problem System Cause ENTREPRENEUR Business System Customer Mech/EE design Stakeholders Reach Programming Interests/Influences Value Fabrication Resources Profit Current solution Brand Team

55 CASE STUDY Mar Baselios College, Trivandrum Profile of a Startup Experiment Ellipsor Sleep apnea detection in neonates 1 Sec Design Web design service Hands-on 6-week bootcamp 50 diverse students Tools Pvt Ltd KnightClan IT Services & software Branding & Marketing Half female students 7 Corez Pay4Jobs App for home services Offer Dedo App for local market offers Beta Project Working on IoT products Result Smart Plug Smart plug for energy saving 30 out of 50 started student ventures Students created 13 startups Formed Innovation Center on campus Techsomnia NCA-3 Pentacles Techsnaps ASAP Tech Med document digitizer App to book doctor/hospital visits Vein finder for hospitals Ryles tube feeder Barcode tags for med eqpt Ellipsor was formed by four students, right after the workshop at Mar Baselios College, based on their final project at bootcamp. They won multiple innovation and business plan competitions across India. Ellipsor is currently incubated at SCTIMST-TIMed Technology Business Incubator, Trivandrum.

56 Maker to Entrepreneur India Workshops Held So Far Muzafarnagar 48-hour MakerFest Innovation Workshop Entrepreneurship Bootcamp Ahmedabad MIT Make In India Mumbai Malaysia Hyderabad Warnanagar Penang Kota Kinabalu Bangalore Kuala Lumpur Sibu Thrissur Kochi Univ of RI, Kingston, RI, USA Nashua NH, USA Chirayinkil Trivandrum Ho Chi Minh City, Vietnam Lausanne Switzerland

57 NEED FOR ECOSYSTEM

58 PLAN FOR BUILDING ECOSYSTEM Target university students Train core team & trainers Help build local ecosystem Use existing infrastructure

59 College Aspiring Student Startups Students Entrepreneurs Entrepreneurs Maker/ Faculty Innovation Entrepreneurship Outside Innovation Trainers Center Bootcamps Agencies Bootcamp ASB

60 EMPLOYABILITY ENTREPRENEURSHIP