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Young Generation and Entrepreneurship

as a Career Option

Presented by:8356-8360

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Entrepreneur

Entrepreneurs are people who have the abilityto see & evaluate business opportunities ; togather the necessary resources to takeadvantage of them , and to initiateappropriate action to ensure success.

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Characteristics

Vision

Enthusiastic Passion

Persistence and Determination

Take Prudent Risks

Optimist and Decision maker

Motivated and Sensible

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Why Young People want to become

Entrepreneur

Personal growth on overdrive

More freedomCreate more value, make a bigger differenceand do what you love

Failure is not a big dealThere is a lot of support available

Better understanding of the youth market

and emerging trends

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Companies started by Young

Entrepreneurs

FLIPKART.COMFounders: 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

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Contd

ASKLAILA.COM

Founders: Kiran Konduri and Shriram AdukoorieKonduri

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

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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

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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

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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 providecommon office applications and vertical specific applications

Assistance from IIMs, Microsoft and NEN for business support to the Shortlistedcompanies

Specially designed courses for the winning teams, admission to incubations, andaccess to funds of over 50 lakhs for each Winner.

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Business world Indias Most

Promising Entrepreneurs Award

This year Business world decided to create its list of promisingentrepreneurs

Only those who were in the early stages of their start-up processwere selected

Process of selection

Nominations from VCs, seed funds and PE funds

38 enteries were selected keeping age of promoters below 35 years22 were shortlisted on the basis of idea and execution

8 selected for first elimination round

After detailed discussion top 5 were choosen

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Measures taken by govt Orgs for

Fostering Entrepreneurship amongyoung 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

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Efforts to Foster Young

Entrepreneurship in India

Entrepreneurship Development Cell (EDC)

Business Mantra A TV Serial onEntrepreneurship

Web-site for Techno-entrepreneurs

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NEN: Promoting entrepreneurship as a

novel career option

Co-founded by leading academic institutes inIndia

The initiative, a first-of-its-kind to tapentrepreneurship on campuses has receivedtremendous response

The key objective of NEN is to motivate andeducate students to take on entrepreneurship,which will in-turn create new jobs

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The Entrepreneurship Development

Institute of India (EDII)

The lacunae in India's educational system donot promote independent thinking, creativity, ora spirit of innovation. Thus, with the convictionthat entrepreneurs are not necessarily born assuch but can be developed, the EDII launcheda variety of programs.

For Instance - The Rural EntrepreneurshipDevelopment (RED) division

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Entrepreneurship Cell

Interactions with successful alumniEntrepreneurs

Guest Lectures

Workshops

Business Plan CompetitionEntrepreneurship Games

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Contd

PUMBA ED CELL

SYMBIOSIS E CELLIITs, IIMs MENTOR ENTREPRENEURSHIPCELL

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Power of Idea

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It is an initiative by ET

The Economic Times is supported by Indian AngelNetwork Services Private Limited

Who can participate

Enterpreneurs

Students

Start Ups

Early stage companies

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By Age

By Age

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By Education

By Education

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By Designation

By Designation

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By Sector

By Sector

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By Zone

By Zone

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Youth Entrepreneurship Club

Young Entrepreneur News Channel (YES)

Young Entrepreneur Shipping

Young Entrepreneur Export

Young Entrepreneur School

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Conclusion

It is easy to talk about taking risks to achieve somethingworthwhile. It is relatively difficult to walk that talk particularly whenit involves walking away from a lucrative and safe job offer.

The ability to take risks and the ability to walk away from a safeand secure option is the first thing we notice about youngentrepreneurs.

The second thing is the passion they have for their projects.

In the long run, we believe that it is this breed of entrepreneurswho will take the country forward. They will create new companies,new jobs and whole new industries. There will be many who fall bythe wayside. But the ones who succeed will reshape our marketsand industries

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Thank You.