A short analysis of trends amongst Indian entrepreneurs

1. India:
10 Insights
into Indian entrepreneurs

2. Asia 5
Bringing you a flavour of business
trends in Asia...in just 5 minutes
A Futures Coaching initiative
www.futurescoaching.com

3. huge successes
There are 26 self-made billionaires in India with a net
worth of $80bn (source: Forbes)
List includes: Gautam Adani, Sunil Mittal and Narayana Murthy

4. certain growth
Some reports suggest up to 80% of students wish to start up
a tech business
Incentives are low capital requirements & sector know-how

5. new venues
Formal and informal entrepreneurial forums are springing
up everywhere with active stakeholder participation
Once in a while events are now regular happenings

6. more support
Rapid rise of venture capital, business angels and
growth incubators
e.g. 5 years ago there were two groups of angel investors; today there are 10+ (Source: Express Buzz)
Rapid increases in mentoring, international tie-ups,
studytours

7. key focus
Entrepreneurs concentrate on Indian market
constraints i.e. frugal and reverse innovation
to provide low cost solutions for Indians – whilst
undercutting Western firms

8. key sectors
Hi-tech obviously but also bio-
tech and life sciences
However, some of the biggest
entrepreneurs made their
money in Indian real estate
and the media

9. clever hiring
India has second largest pool of
science and engineering
graduates in the world and
churns out 2.3m per year
(source: Ernst and Young)
However, entrepreneurs such as
Sridhar Vembu (of AdventNet),
hires clever youngsters from
lower classes that others
disregard

10. not good enough, yet
In terms of patents, India is 10
years behind the Chinese
Whilst 60% of Chinese patents
are by Chinese companies,
only 20% in India are filed by
national companies
(the rest are MNC)

11. missing
Indian entrepreneurialism is missing the kind of support
that high class academia provides in the USA
Meanwhile, PhDs are less valued than MBAs leading many
of the brightest scientists to go abroad and never return

12. more products
please
Few Indian entrepreneurs have been able to build a true
'product' company out of India
Mostly Indian entrepreneurs have focused on services,
customising software, adding manpower to sell customer-
specific solutions

13. LONDON • PARIS
Website: www.futurescoaching.com
Blog: http://futurescoaching.typepad.com
Email: chris@futurescoaching.com