Universities and B schools have a significant role to play in developing entrepreneurship in India. They can breed entrepreneurs and help develop winning qualities and job creation opportunities. B schools increase knowledge about identifying opportunities and overcoming barriers. The Indian government should promote entrepreneurial education by supporting B schools to refine techniques, select suitable students and faculty, encourage experience sharing and research collaboration.

1. Role of Universities and
Colleges in Promoting
Entrepreneurship in India

2. Entrepreneurship Education in India
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For most part, entrepreneurship education in post independence India has
been focused on measures designed to encourage self employment and
founding of Small and Medium Enterprises.
As the economy transitioned from agrarian into one that has significant
contribution from other sectors, it was felt that the most pressing
requirement was education that would enable need based entrepreneurs to
make forays into these emerging sectors.
Consequently in 1960’s and 70’s entrepreneurship education was
delivered in the form of training programmes offered by institutions under
the aegis of State and Central Govt. and by Financial institutions
receiving support from the Govt.

3. Entrepreneurship Education in India
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Some of the institutions delivering such programmes were:
Industrial estates and tool rooms.
Financial Institutions like SBI, IDBI etc
Development Boards
Training and Counseling Institutions ( SISI, TCO etc. )

4. Entrepreneurship Education in India
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In the 80’s entrepreneurship education continued to focus primarily on
entrepreneur training aimed at creating self employment ventures.
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The 80’s also saw entrepreneurship education into technology and
management institutions.
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Governmental effort oversaw the founding of an initiative to set up
Science and Technology Parks ( STEPS) and incubation centers at a few
reputed technical institutions.

5. Entrepreneurship Education in India
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With the advent of liberalization in the 90’s the country saw the potential
of entrepreneurship not only as an entry level employment generator, but
also as a means of wealth creation.
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The country as a a growing interest in entrepreneurship fuelled by factors
such as growth potential of economy, changing social and cultural milieu,
global success of several Indian firms, emerging opportunities in different
sectors and lower capital requirement in IT and service sectors.

6. Entrepreneurship Education in India
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Post 90’s the establishment of modes of education were not training based.
Ex:
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Mentoring pools and networking events.
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Entrepreneurship Development Cells ( AICTE, UGC )
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Incubators at various institutions such as :
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Technology Business Incubators
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Engineering Colleges ( IITs, NITs , leading private colleges)
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Management Schools ( ISB, IIMs, leading Private e schools)

7. Entrepreneurship Education in India
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The latest surveys of the trends of entrepreneurship education in India
conducted in 2012 indicate that 44, 500 students are currently enrolled in
entrepreneurship development programmes across the country.

8. Importance of Entrepreneurship Education
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Education is an important factor in determining entrepreneuring orientation
in individuals.
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It has been reported that entrepreneurs of healthy units on an average had a
higher level of education compared to those who own sick units.

9. Aspects of Entrepreneurship Education
WHAT ?
•Enhancing entrepreneurial behavior and mindset .
•Building self confidence, self efficacy and leadership.
•Creativity, innovation and ability to think out of the box to solve problems.
•Managing complexity and unpredictability.
•Basic business and financial skills- Business Literacy.
•Opportunity identification.
•Developing negotiation skills, building relationships, networks and social capital

10. Aspects of Entrepreneurship Education
WHO ?
1.Students
2.Teachers Business people and leaders in other sectors.
3.Entrepreneurs
4.Mentors, coaches and advisors
5.Policy makers

11. Aspects of Entrepreneurship Education
HOW ?
Interactive learning centered pedagogies.
Multi disciplinary programs and projects
Case studies, games, simulations, business plans, competitions etc.
Extensive use of visuals,, multimedia etc
Mentoring and coaching.
Interactions with entrepreneurs

12. Aspects of Entrepreneurship Education
Where ?
Formal school systems.
At all levels across all disciplines.
Workplace based training programmes.
Local schools and training institutions
Community centers, NGO’s Govt agencies.

13. Challenges faced by Entrepreneurship Education in India
Cultural Barriers:
Entrepreneurship can develop only in a society in which cultural norms permit
variability in the choice of paths of life. Our culture consists of a network of
benefits that in many ways run counter to entrepreneurship.
Difficulties towards start ups:
Starting a business in is costly in terms of the time and cost involved in India.

14. Challenges faced by Entrepreneurship Education in India
Incomplete Entrepreneurship education:
Many people have the opportunity to change jobs or become entrepreneurs if
they are properly trained. The students in India are not confident with the
traditional education they receive in the university.
Lack of standard framework:
Entrepreneurship education is widely spread , has diverse forms, and has a
large number of stakeholders. But the overall state of affairs is a confused
one, one that lacks broad vision, goals and systemic planning.

15. Challenges faced by Entrepreneurship Education in India
Dependence on Govt :
Higher degree of dependence on govt. is another challenge before
entrepreneurship education in India.
Insufficient private sector participation and lack of sustainable business
models in entrepreneurship education act as barriers to its development in
India.

16. Role of B Schools in Developing Entrepreneurship Education in India
 The B schools are the most appropriate nursery of shaping and developing
management graduates for entrepreneurship who posess integrity and
ethical standards, a deep sense of social responsibility, a commitment to
the up- liftment of their communities .
 B Schools are in a position to develop case studies in entrepreneurship
practices relevant in the Indian context.

17. Role of B Schools in Developing Entrepreneurship Education in India
 To promote and develop entrepreneurship education some B school are
starting entrepreneurship education in their course structure.
 Most of them provide the electives in their course structure by which
students will give their interest in that field and open their enterprise.

18. Role of B Schools in Developing Entrepreneurship Education in India
 Courses in entrepreneurship at B schools are the core activity of
Entrepreneurship education in India.

19. Role of B Schools in Developing Entrepreneurship Education in India
NMIMS: Narsee Monjee Institute of Management Studies
NMIMS conducts a 2 year full time programme on family business
management.
The motivational aspect taught at NMIMS is important as it creates an
aspiration and improves confidence levels.
This programme has equipped students with skills, knowledge and mindset
to run their own business.

20. Role of B Schools in Developing Entrepreneurship Education in India
ISB: Indian School of Business
ISB Provides a start in developing outstanding entrepreneurial leaders.
ISB’s programme is designed to prepare managers to respond to challenges
of rapidly changing business environments.
ISB plans to open up Entrepreneurship Centre which will be founded , led
and managed by several leading Silicon Valley Entrepreneurs who are on the
school’s governing board.

21. Role of B Schools in Developing Entrepreneurship Education in India
NS Raghavan Centre for Entrepreneurial Learning – IIM Bangalore
This institute carries out international collaboration projects.
IIM- Calcutta:
In IIM Calcutta activities on innovation and entrepreneurship are more
practical, driven by students, along with the faculty advisors.
This institute holds on of the biggest plan contest in Asia- i21- ideas to
implementation with Yale University’s Yale Entrepreneurial Society.

22. Role of B Schools in Developing Entrepreneurship Education in India
Indian Institute of Science
Society for Innovation and Development ( SID) at IISC has achieved a notable
feat in a project called SuTRA ---sustainable transformation of Rural Areas
which uses non edible oils from indigenous neem trees as a substitute for fuel
generation.
Many ideas are focused on solving the problems of rural poverty since “
innovation is getting compassionate too.”

23. Role of B Schools in Developing Entrepreneurship Education in India
Many institutes like IIM – Ahmedabad, SPJIMR, Mumbai have modified
placement rules to offer “ Placement holidays” where students can try their
hand at setting up their own venture and should things don’t work out, they
can come back to the campus for placements within two years of passing out.

24. Various Entrepreneurship Programmes Offered by various institutes in
India

25. Suggestions for Developing Entrepreneurship Education in India
Refining Techniques of Entrepreneurship Education:
B schools must include skill building courses in negotiation, leadership, new
product development, creative thinking and exposure to technology
innovation.
They should also focus on creating awareness of entrepreneur career
options: sources of venture capital; idea protection ; ambiguity tolerance.
The B schools must introduce the following learning tools which are useful
in entrepreneurship education: business plans, student business start ups,
consultation with practicing entrepreneurs, computer simulations, interviews
with entrepreneurs etc

26. Suggestions for Developing Entrepreneurship Education in India
Selecting Suitable Candidates:
The B schools should select those with high entrepreneurial potentials
through particularly designed procedures.
Tests, group discussions and interviews may be used in selection of
entrepreneurs.

27. Suggestions for Developing Entrepreneurship Education in India
Selecting the Eligible faculty:
 B Schools should carefully select the entrepreneurship education teaching
staff.
A lecturer of entrepreneurship education , first of all must be a successful or
experienced entrepreneur.

28. Suggestions for Developing Entrepreneurship Education in India
Sharing of Experience:
The B Schools must act as a forum to bring scholars from across the country
to share their views related to entrepreneurship that have contemporary
relevance and interest.

29. Suggestions for Developing Entrepreneurship Education in India
Promoting Collaborations:
The B Schools must explore possibilities of striking collaborations with
national and international institutions for joint researches, courses and
exchange programmes for widening the scope and boundaries as also
launching new courses.

30. Suggestions for Developing Entrepreneurship Education in India
Encourage Research:
 The B schools should take steps to encourage research in entrepreneurship
through fellowship support and also undertake joint research projects with
Indian and overseas universities and institutions.
These steps will slowly but surely bring a remarkable change in the area of
entrepreneurship education in India which will in turn start, showing positive
impact and significant contribution in the long cherished Indian dream of
being a developed nation.

31. Summing Up
1.
Universities and B schools have a significant role to play in the growth of India
as a nation because they are breeding grounds for entrepreneurs.
2.
They have the potential to develop not only winning qualities but also provide an
opportunity to create employment for self and for others.
3.
B schools help in increasing knowledge base, by identifying opportunities, and by
pointing out ways to overcome barriers imposed by ones environment.
4.
Therefore, Indian Govt should take appropriate measures to promote and develop
entrepreneurial education in India.