 It is a pleasure to be here and sharing what we do at any end with all of you. We are here to talk about incubation and incubators and how to run successful incubators. And what we do as professor Patip was mentioning is not directly incubation, but our sense is that it is very related to this whole process of incubating an entrepreneur. And we are really talking about generally promoting entrepreneurship. We came into being a few years ago about six years to be precise and the reason being that when we looked around the country we saw sporadic incidences of promotion of entrepreneurship and also incubation around the country. IIT Bombay probably even at that time was a pioneer and the most successful both in entrepreneurship and incubation. But when we looked around what we observed was that in many places incubation was happening in isolation of entrepreneurship. So there was no ecosystem, no ambience for entrepreneurship either on campus or even in that particular locality. You had an incubator that was sitting at an institution or elsewhere and when we looked at it more closely it was not necessarily the most successful of incubators. And generally our observation on entrepreneurship education also was that again entrepreneurship education was looked at as an isolated again activity. It was almost like if I have any interest in promoting entrepreneurship what I would do is run a series of workshop packed into a couple of days you know during the year and expect that my student would go from never having thought of entrepreneurship to actually becoming inspired, educated and perhaps take the plunge immediately after which was very unrealistic again. So these observations actually led us to start the National Entrepreneurship Network where we said that we need to promote entrepreneurship in a much more systematic and integrated kind of a manner with academic institutions because our young people are all sitting on your campuses and they often come from families where there is no history of entrepreneurship. They also come from environments where they do not necessarily get exposed to entrepreneurs or entrepreneurship directly you know and in an environment like that I mean if we expect that some of them will start companies either immediately after they have passed out or in the near future it's somewhat you know difficult to envisage that and even when they do because some of them are naturally more ambitious, more inspired you know the chances of failure are much higher than they would otherwise be you know entrepreneurship generally does mean high chances of failure but you know they actually multiply a lot more if people are not prepared. So our mission is to democratize opportunity it's a very broad mission if you look at it and what we felt was that you know opportunities should exist not just with people who come either from business backgrounds or people who are in much more advanced you know environments where they get the exposure and the learning for entrepreneurship but it should percolate down to all individuals you know across the nation and those opportunities should become available not by virtue of somebody kind of you know providing it to them on a platform but by virtue of them being able to seek it you know because they have the knowledge and the skills this of course you know therefore goes hand in hand the high growth entrepreneurs and you know the jobs mind you we did not want to set up something that would promote just more you know single shops or or Panwalas that was not our objective we were not looking at this as an answer to unemployment in India directly we were looking to inspire some of our best young people to do more than what they were doing which is just seeking jobs and looking at them as starting high-growth companies. So this is what NEN is it's a network of academic institutions currently 370 plus institutions across the country and there are all kinds management engineering general arts science commerce hotel management you know even design and law in some places it's also a network of emerging and new entrepreneurs and we particularly you know use the word new entrepreneurs because we have other organizations associations in this country who focused on the established entrepreneur entrepreneurs pool when we say emerging it's basically people who think they may be entrepreneurs at some time but they're not necessarily going to be doing it in the next four months or six months okay it's people who are looking at it as a four-year goal or a five-year kind of a goal and you have them everywhere you have them as students on campuses you have them as professionals and of course startups are just immediate startups and of course resource people entrepreneurship is not cannot be promoted without bringing in established entrepreneurs into the classroom or onto platforms where they can engage with these people so established entrepreneurs and professionals who are knowledgeable about new business development are all part of the of the resource pool what we do is facilitate knowledge so knowledge sharing and we also more specifically help develop skills in entrepreneurship it could be an unskills are varied I mean it obviously starts with the whole process of you know inspiring and having them understand attitudes and traits that are required for the entrepreneurs to succeed but it goes beyond that what we highlight to them is also that there are hard business skills that are required if you really want to succeed and those actually start even from even from the very early stage of ideation or being more creative or looking out into the marketplace and understanding where the needs are emerging and therefore what opportunities are more likely to to make sense today and tomorrow so it starts from there and it goes beyond that you know the necessary requirement of being able to you know differentiate between ideas and opportunities and being able to use you know questions frameworks establish frameworks you know that can actually allow you to even evaluate your own ideas because young people I don't know what your experience has been but my and our experience across any and has been that young people will come up to you if they think you know anything about entrepreneurship they'll come up to you and they'll share their ideas with you and expect you to tell them whether or not they make sense right and what we telling them is that there is a generic level of evaluation that you are able to do yourself and you should be able to do yourself because you will keep getting ideas right and an idea today will be dead tomorrow so therefore that evaluation self-evaluation is required of course there's always the need to vet it by experts but the ultimate call and whether or not this makes sense rests with you because there's also the personal context of who the person is and therefore does it make sense for him or not him or her or not we also help facilitate the growth of new startups and we have you know different initiatives we facilitate people coming into the incubation some of the some of the best incubators around the country we facilitate people being able to reach out to angel fund funders you know so that they can have access to some early-stage funding and of course there is the collective sharing of knowledge our experts people who have already entrepreneurs are always sharing what they have learned through the forums that we have created and also through our online you know platform we look at our support in two different ways there's institutional support that's where we started years ago we started with just institutional support and that goes directly to faculty to students who are aspiring entrepreneurs and to the entrepreneurship club managers ESL if those of who you know you were aware of what was happening at IIT Bombay ESL is the entrepreneurship club that is run by students here and the term ESL became very popular in the past few years and it's now a generic term that you use for entrepreneurship clubs anywhere so we help start entrepreneurship clubs on campuses these are entirely run by students and they're extremely popular and do a great deal to create a general ambience for entrepreneurship on campuses for individual support you know we basically catered to the stakeholders working professional students who we call as emerging entrepreneurs and I'll tell you very quickly what that support is faculty benefits what we our approach is not to go in and run programs on any campus because we don't believe we're going to have any impact if we try doing that what we do instead is to help build capacity for entrepreneurship on these campuses and of course when you talk of capacity building Professor Patek was just talking about enhancing knowledge of the faculty members if you want good education right and you that's you're talking about that in technical areas and entrepreneurship is so far removed currently from your lives that's my that's my perception having you know met with so many institutions that unless there is real you know solid learning for the faculty member himself or herself in that area it's very difficult for them to communicate that to the students and so we focus in faculty education we run an entrepreneurship educators course with Stanford and with I am Bangalore here in India and currently over 250 faculty members are either enrolled or have you know just completed their their course it's a foundation course and it covers everything from content to pedagogy and different ways of evaluation for students on campus it's not expected that every one of these faculty members will go in and run courses mind you because entrepreneurship our belief is that there's a variety of programs that make sense and often it's a combination of activities events experiential learning platforms etc and not just courses courses happen a lot later there is consulting help we have a complete team of consultants you know about 16 of them who work in cities who actually work on the ground with the faculty members to help them to conceptualize you know plan and also implement programs on campuses and this is an ongoing activity through the year for for these consultants and these faculty members none of these faculty are standalone faculty in entrepreneurship again mind you you know they are they have their own core areas of teaching and they just believe that entrepreneurship can add another dimension to the students lives and so therefore and of course they have their own personal you know interest in mind and therefore they take this on okay learning tools apart from faculty education there's the need for content so that's also something that we package when we say we develop learning tools we're not necessarily just creating them ourselves we do some of that ourselves but we also identify different pockets of you know very high-quality learning tools from across the country and also outside the country and then we package that for use in India and contextualizing it to India and also all the teaching guidelines and other things that make it easy for you to take it up okay again as you can see it's everything from courses to exercises videos case let's and case studies interviews with entrepreneurs different articles and different pieces of content and then the the one thing that we believe works really well at at any end is the peer community you know because there's a lot of sharing that happens through this and it's at different levels at faculty levels we have both regional as well as national level you know communities and that happens also at the student level and the entrepreneurs level too okay to give you a sense of the numbers here we currently have about 700 odd faculty in entrepreneurship across the country this is spread across the country you know 15 or 16 major cities and several other smaller cities around those about 55,000 young students are part of the very engaged group of young people on these campuses who are participating in entrepreneurship programs either with the view of being an entrepreneurial leader and being more successful or themselves starting companies in addition to that about 1500 or so entrepreneurs established entrepreneurs from around the country and again a combination of local and national regional national are spending time on these campuses so that's really you know what we are trying to facilitate yeah I'm Manohar Pai from Manipal my question is this NEN Stanford IMB entrepreneur what is the content actually covered in that okay so it deals with we it's a foundation course so it deals with all the basics of entrepreneurship what do you really teach you know it going right from again the entrepreneurial traits and how you bring that to the students you know the students and how you have them develop those two actually real concepts that you can communicate everything from ideation to you know evaluation to business planning okay and then going further and dealing with even things like team building negotiation you know finance entrepreneurial finance managing that raising money it's all of those different aspects that that you would end up having to deal with if your students became interested in entrepreneurship so that's on the content side they're also pedagogical approaches there are different ways to teach it's not just through a course in fact sometimes the course can be the least effective one right so we look at different ways to teach that a lot of experiential methodologies including you know simulation games caselets you know interviewing an entrepreneur directly live in class you know using a video in the classroom to facilitate discussion sending them out into the into the marketplace you know where they can go and interview and meet with entrepreneurs or or even understand how people sell and buy and those kind of things so there's experiential there's also the more traditional case methodology you know that we kind of focus on okay and then workshops and other things that it is a certification course but certification is not tied to participation certification is again professor part of was mentioning was mentioning that there is a need for people to implement and we are very focused on that entrepreneurship is not about just taking a certificate course and you know walking away with it we have tied certification directly to the impact that you achieve on campus so you go back you try stuff out we see what kind of programs you're developing we see what kind of participation because again this is voluntary for students they it's not generally these are not compulsory programs so we see what kind of participation there is you know from the student community we take feedback our consultants are there to judge you know the quality and certification happens post that it's you know in all it's 12 days during the year but it's broken up into five workshop modules and we are currently in the process of revamping and reorganizing it into two different courses where you know because now we have a lot of people who are who are you who've covered they're ready for more advance of organizing that into into two different courses right now it is available for faculty from any end member institutions so it's a direct value add that we provide for any any institution that's working with us period of pardon me it is again it's spread through the year but we try and make it convenient so you know in June you have something in January you have something again in March in October so that's typically so it's January March October and sorry June and then October so that's that's really how it breaks up and we run to currently we're running two different batches faculty members come from Stanford from Columbia and from London Business School you know along with some Indian faculty that's the combination of resource people so we actually go both by their availability as well as by you know generally the exam and other timings for faculty in India you know is so far there hadn't been because we were trying to actually just inspire enough people to come in but now that we have a huge demand as I was telling you there's 700 or faculty who are in the waitlist to go through this course and we are putting in almost like a self-evaluation you know kind of a kind of a test online test so that you can come in understand where what your level is currently and then decide you know whether the foundation courses is better for you or the advanced course so in that sense there is a selection so the benefits for students it's obviously there there are a bouquet of programs that happen on every single member campus that we have so therefore there's a huge opportunity to build their knowledge in entrepreneurship and also skills in entrepreneurship apart from that they can directly access expert advice from the NEN help desk which we run directly you know via our portal NEN online.org we also run mentoring sessions for the prepared students you know those students who have very strong ideas or business plans and they want to kind of start start companies we run mentoring sessions for them there is obviously the NEN community you know on our portal again there are blogs and other things where people have the freedom to ask questions and a lot of them get answered that way too. There is a newsletter that we send out and of course you know getting students particularly those who are engaging very regularly they do get NEN certification. We invite again you know on the basis of their participation levels people to a national summit that that we have started you know it's called the Entrepreneurship Leadership Summit and through our association with Dare India's first entrepreneurship magazine we've got a discounted subscription for all student members of of NEN so these are just generally some things that will attract you know your students if they want to be part of this. Additionally because we run entrepreneurship clubs we we create additional opportunities for the leaders of the entrepreneurship class because these are these are already what we've seen they're very entrepreneurial these are already you know the future entrepreneurs of the country so we run additional workshops for them to enhance their leadership skills and we create extra opportunity to network with entrepreneurs directly okay so that's additional for them of course we recognize them you can see here we run an annual you know large-scale event at the end of the entrepreneurship week that we celebrate every year it's entrepreneurship week is a national movement that we've started in order to just create more awareness around entrepreneurship there's you know we don't have any other agenda except to create more awareness and of course the student community rallies around it but there's also you know the corporate community that we that we you know engage and also people at home the parents of students who are wanting to start entrepreneurs. I particularly remember a story that you know that we had heard here at IIT Bombay where when one of the young teams was starting a company the parents came to actually sit down with the faculty and literally complained who's going to marry my son you know if he's going to be an entrepreneur not only is he not taking up a good job but he's also now got debt because he's raised money so that's the that's the perception generally so we're trying to also you know beat that perception down and create more you know awareness and a positive awareness for entrepreneurship for the emerging entrepreneurs obviously there is you know we actually look at more practical kind of knowledge for those of you who've ever looked at any and online the knowledge base there the content there is more around practical things like raising money what are the different sources that you can approach you know if you're looking if you're dealing with XYZ kind of issues with your team how do you resolve them if you want to stay innovative what do you really do so very very practical that will be relevant for people who are actually either thinking very concretely or starting out or actually running a startup okay and of course the mentoring and the help desk continue to cater to this group you know we also create other kind of events and networking opportunities for this group which is different from the ones that we run for students because it's a they're learning is at a different level and their needs are very different for startups there is as I said a fast track to incubators we now associated with six about six to seven incubators around the country and there is a direct application channel of course the criteria for each incubator remains their own criteria but you know people have the ability to find these incubators and and apply to them there is also a track to investment as I said angel funding we've got an association with the Indian Angels Network and people can apply directly via the Indian portal but of course the decision rests again entirely within angel network on what they want to do with it young entrepreneurs get profiled on any and online and it's a huge opportunity for them to get exposure we found that people who we profile have gone on to benefit in many different ways you know they've been able to find other opportunities for media publicity as well as you know some of them have even said they've got more customers and they've got you know people inquiring for joining those startups and so on and so forth this year we are launching any and coolest startups which is an award to identify the best startups in the country we're just launching it on July 1 so you probably the first crowd outside of any end to hear of it this is entirely in the public domain it's very open source we would look for people to nominate we look for people to work for and and kind of pick the best startups of course they'll always all also be an expert panel that will constantly review each of the startups that get that get nominated but please do look up this this particular thing and we hope that all of you will be able to nominate some startups from your local communities okay we also launching what we call any and startup jobs again this is a platform to create new opportunities for startups to to get high quality talent I mean all of you I'm sure you know your institutions are talking about the largest companies that your students join right we are trying to create a cool factor around being in a startup yeah because it is truly it's it's amazing you know what one can do in a startup but the awareness is not there with the students so we're creating that platform where students who are ready to be entrepreneurs can get that opportunity to work with startups and vice versa okay again this is a new program we're launching it literally on June 19th at triple IT Bangalore you know for the first time any and online I'll just you know show you some clips and then I'm done all of the things that I was talking about this the page where we kind of do the startup profiles you can see some a little bit of the format that we have the events you can see the business incubator program is up there right now and there are several other programs that you can you know kind of get information on this is from around the country this is the Indian community and the kind of things you can find different institutions different e-cells you know you can communicate with them directly yeah so if you're looking to reach the entrepreneurial community this is one easy way for you to do that and this is where we bring in the expert you know comments and talks this is a complete set of interviews with with some of the most creative people around creativity and there are different topics that we cover this way these are some of the experts who've been answering questions and queries from entrepreneurs and aspiring entrepreneurs on any and online and there's a there's a complete you know there's a long pool of people these are some of the tools for entrepreneurs that again this is coming in you know a lot of a lot of sharing is happening you know people who have information are actually sharing what they know through the blogs and a lot of it is very relevant for the for the current community this is again this is what we call a knowledge bank we've tackled different topics there angel investing we see funds business planning and things like that so there's a variety of you know ways in which we are promoting you know knowledge and sharing and access to knowledge through any and online and of course I mean there are teaching tools and other things that are also available for faculty members as they as they go around running programs so from my end thank you very much and again it's a pleasure being here