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Wednesday, April 16, 2014

Entrepreneurship training in India

EY Entrepreneurship Barometer 2013 places in India at rank 11, scores in access to funds, entrepreneurship culture are at same rank. Lower rank of  19 for tax & regulation and higher rank of 5 for coordinated support are also on expected lines. But lower rank of 20 at the bottom for education and training is a surprise. What is this parameter and why are doing this activity so badly?
Entrepreneurship education uses indicators like  Pre-university education, University education, Entrepreneurship specific training and Informal education/lifelong learning. The survey findings on this:

  • 84% agree or partly agree that they need specific education to become successful entrepreneurs. 
  • 52% say that university and business school courses for entrepreneurship have improved in their country.
  • Sharing success stories is ranked as the most impactful way to inspire people to become entrepreneurs.
What is missing: an integrated approach. 

  • Engineering technology students with innovative ideas are separated from MBA students.
  • Business plans and domain knowledge have no relationship. 
  • Students not exposed to real-world business challenges. 
  • Large corporations, philanthropists and existing entrepreneurs need  support educational courses, as well as business games that give young people an early experience of what it is like to be an entrepreneur.

1 comment:

BASIL THANKACHAN said...

very good and valid points,sir.


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