Towards Developing Startup Ecosystem


‘Every individual who aspires to be an entrepreneur should be promoted and rest inspired’

Entrepreneurship has become crucial at an international level. Even under the changing economic scenarios, it is perhaps the most crucial step in the development and progress of our nation, with the potential to make paradigm shifting alterations in the economic and political scenario in our country, and the world. In this regard, student entrepreneurship, has been critical to overall entrepreneurial growth in other countries and will be so in India as well.


Considering campuses across India, we recognize that, by a wide margin, each of us are trying our best to bring all our innovations into the limelight, in the best possible manner, be it through conferences, or several other means. However, while spearhead a potentially groundbreaking idea, there are often things that need to be counselled when the decision comes to take the idea into the market, from a well established body, from the ones pioneering the field. This is where the necessity of a well-organized sustainable body comes into picture.


With our colleges generally at the vanguard of student entrepreneurship, it is imperative that we come together on a regular basis, share lessons and build on synergies. This is the motivation for setting up such a drive.


What lined up is a systematic and well-structured mentoring program and periodic interactive sessions with the vision to sustainably develop the entrepreneurial ecosystem of the individual campuses across some of the potential institutes across India.


Benefits to Mentee Colleges

Here are the few reasons as to why this drive can be pivotal for the growth of an idea/startup/venture and, in a much broader way, for the growth of organization:

Identification and Utilization of Huge Pool of Resources

Optimal levels of critical thinking happen when you get access to assets in ability, experience, accounts, and foundation. Identifying and utilizing those assets implies that your reach in new market increases and this reempowers the association you have built up with your stakeholders and clients.


Unifying the Institutional Startup Ecosystem

Setting up the start-up ecosystem in an organised fashion through knowledge sharing and common help will help accelerate the attainment of growth. There can be a proper setup to support curate new ideas/startups/ ventures.


Sharing of experience

It is good to learn from our mistakes, but even better to learn from others. Sharing of knowledge of experience will only help improve faster and achieve goals in a more efficient and organised manner.


Developing Entrepreneurial Roots

This drive provides different colleges, an interdisciplinary collaborative environment through which they can organize themselves to improve their understanding of the entrepreneurial ecosystem. This drivemay serve as the platform that connects all students interested in a particular domain.


Creative Abrasion

We typically associate abrasion/friction with something negative, yet friction in its purest form, is energy. Hence it is imperative to channel the abrasion that originates from working with individuals from different backgrounds, into something positive, leverage the differences and work to identify what can be complementary about them.


Enhancement

As the saying goes, two heads are better than one. Ideas can come from anywhere and sharing of innovative ideas can help improve not just the mentee but also the mentor body.


Extensive Network Growth

With us having a proper channelized and unique network in our respective regions, and with each of them continuing to build a strong network elsewhere, this path can be one of the best ways to ensurea faster growth in network amongst the participating institutes.


We plan the future…

Through sustained interactions, and apt mentoring of the seed E-Cells for the period of six months, we aim to create a proper pathway for effective sharing of knowledge and building a strong entrepreneurial ecosystem across the student communities of the country so that every idea that has the potential to make a difference finds its right place in the shelf. The idea is to create a self-sustained organization completely administered by students and identified by the college authority.

Where can you see yourself six months from now?

Through sustained interactions, and apt mentoring of the seed E-Cells for the period of six months, we aim to create a proper pathway for effective sharing of knowledge and building a strong entrepreneurial ecosystem across the student communities of the country so that every idea that has the potential to make a difference finds its right place in the shelf. The idea is to create a self-sustained organization completely administered by students and identified by the college authority.


© E-Summit, Entrepreneurship Cell, IIT Madras 2018.