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Most Success Stories

Experience Sharing on Entrepreneurship for Development of Knowledge based Industries by Dr. Shiv Verma. Most Success Stories . .Apple .Microsoft .Cisco .Google .Face book .QUALCOMM.

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Most Success Stories

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  1. Experience Sharing onEntrepreneurship for Development ofKnowledge based Industriesby Dr. Shiv Verma

  2. Most Success Stories .Apple .Microsoft .Cisco .Google .Face book .QUALCOMM

  3. What do these Entrepreneurs have .Idea .Team .Capitalist who believed in the product .Vision to adapt .Risk taker .Seek challenge .Distaste for Corporate environment

  4. American Entrepreneur Scene • Education and social system encourages team work and risk taking. • Research oriented academic environment • Universities are working on the cutting edge of their field . • Intellectual IP is the largest asset than the capital. • Strong private equity participation and risk taking.

  5. American Scene • Govt. funding research in mostly academic long term and defense related topics . And its utilized mostly by big companies. • Govt. funded and university run incubators have produced no significant results and they are used by the faculty to fund graduate research. • Academicians don’t fit in the role of a entrepreneurs.

  6. Asian Entrepreneurs Scene • Most of the economy is manufacturing or services based for local and export consumption. • Education System is pretty much based on old colonial style to run factory and service Industry. No reward for research. And severe shortage of qualified staff. • Industrialists have little respect for Intellectuals .

  7. Asian Scene • Limited local Private Capital source and Private Capital is only from foreign sources. • Govt. Venture funds acts like a bank and have limited funds for grants and very bureaucratic. • Present social structure tend to produce less out of box thinkers and more implementers.

  8. Asian Scene • Govt. policies favor more Multi Nationals and big Industrial houses than Entrepreneurs. • Not enough local knowledge and mentoring for start up. • Young folks look for a big fat job package from a Multi National or Local Company than risk start up. • Multi National Companies see a good source for out sourcing and would discourage innovations.

  9. Summary • America is still home for out of box thinker and innovators . • Small Scale start ups are one of largest employers in America. • Asian countries have to change their thinking from Traders to Innovators. • Asian Education System has to change to produce out of box thinkers and reward risk taking

  10. Summary • Entrepreneurs are born and can not be engineered. • Politicians and Bureaucrats are running the Education and Industrial policies than professionals. • Indian IT Industry needs to diversify to cover broad spectrum. • India needs to define its IT vision for the next decade now.

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