Self driving cars, SPACE X, cryptocurrencies, clean energy, pocket supercomputers, computerised medicines, Artificial intelligence, Augmented Reality and Virtual Reality...We are heading towards definitely a better future with "Disruptive Technology".
Just Imagine...what if I can change the world around you, right from the place where you are standing. And what if you can not only look around but also walk and interact in the virtual world...that changes the perception towards your reality! Virtual Reality is the next big thing which will influence every individual through entertainment, gaming, healthcare, education, business development & marketing, travel & tourism,... Moreover, total spending on AR/VR products and services is expected to grow at an annualized rate of 113% to reach $215 billion in 2021, up from $11 billion in 2017.
What's more exciting is that VR is not like other technologies to just be amazed of...but it is going to be a part of our daily life where everyone of us is going to experience it and create our own virtual world redefining the so called Reality!
The theme is "Clapping with both hands" - The focus on the role that women (the entrepreneurs) need to play in society in promoting entrepreneurship and taking the initiative and also the role that government and associations play in helping them to succeed.
The Indian Startup Scenario is definitely picked up steam, but what can we do better. This talk would cover various topics including incubation, funding, policy related discussions, women entrepreneurship, entrepreneur outlook, organizations, Government & media. I would like to go from the approach of first principles - what is a startup, what does it need to grow & what can we do in each of these spaces to help the growth. Given my background of advising hundreds of startups & witnessing the evolving ecosystem in the past 5 years, I would be in a position to throw light on these topics.
Responsible Entrepreneurship is conducting an enterprise or business in a responsible manner and purpose, towards society, environment and stakeholders. Responsible entrepreneurship can be adopted in two important forms namely Responsible Business/Business Responsibility (BR) and Social Entrepreneurship (SE). Business responsibility engages an entity in integrating the social, environmental and good governance practices into the core of their business operations. Whereas, Social Entrepreneurship is conducting a business with the sole purpose of creating social impact while generating profits for sustainability.
BVIC promotes and engages in Social Entrepreneurship and Business Responsibility through various program and events. BVIC runs a SOCENT fellowship incubation program to nurture highly impactful and innovative social start-ups. The first cohort fellows successfully completed their incubation and graduated. The second cohort is under final stage of fellows’ selection and is expected to start their incubation very soon. On Business Responsibility front, BVIC conducted a study on Business Social Responsibility (BSR) practices by SMEs and released the study findings in the form of a publication. In addition, BVIC conducted capacity building programs in the above areas for start-ups, national & international non-profits, institutes, professionals and corporates in social entrepreneurship and business responsibility through series of workshops, seminars and events.
A large number of start-up ideas are emerging in social entrepreneurship space, with several social start-ups clearly proving the model is viable and sustainable. The social start-ups sector is garnering attention and gaining support from investors, corporates and incubators in the recent past and burgeoning to make a great impact on the start-up ecosystem and how we perceive social start-ups. On the other hand, the responsible business concept is hitting headlines at forums and making right chords with businessmen, and is driving the businesses towards adopting business responsibility. Companies are becoming increasingly conscious of their social and environmental responsibilities and how their stakeholders perceive them if their expectations are not met. Interestingly, many companies started practising business responsibility, including a good number of SMEs, as they are now persuading this as a business case than a burden, unlike previously. These companies are proving that responsible practices help them improve their sustainability and bottom lines, and are reaping the benefits. Both Social Entrepreneurship and Business Responsibility are crucial in achieving sustainable development and inclusive growth, and in our efforts to lead the world towards ‘The New Era of Business’.
With economic opportunities existing in the Textile and Plastic Recycling Industry, Value City Fiji Ltd, a private family owned business specializing in the Used Clothing and Household business, is poised to expand into the Textile and Plastic Recycling Market. This, at a time when the world is joined in combating the effects of Climate Change, and where Fiji and the Pacific Island Region are particularly vulnerable.
National Research Development Corporation (NRDC) is a premier Technology Transfer organisation under Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. of India. NRDC is primarily engaged in the development, promotion and transfer of IPRs / technologies emanating from various national R&D labs/ institutions/ universities in India in wide ranging S&T areas like: Pharmaceuticals, Chemicals, Energy, Agro & Food processing, Life Sciences, Mechanical, Electrical & Electronics, etc. and acting as an effective catalyst in translating innovative research into marketable industrial products/processes and services through its unique value added services. NRDC has the largest repository of Indian technologies and licensed / transferred so far more than 5000 technologies to entrepreneurs/ SMEs/ Start-ups / Corporates and filed over 1700 patents in India & abroad.
In this presentation the value added services being offered by NRDC for promotion of IPRs, technology transfer and licensing particularly to Women Entrepreneurs will be presented with the help of few case studies.
• Tradational education system.
• shift towards privatization - due to increase of demand.
• corporitation - offering quality education at competitive price.
• phase shift from teacher centric to student centric method.
• opportunity for entrepreneurship.
• Digitalisation of education and its delivery.
• process development and methodologies.
• Assessment and Evaluation.
• virtual teacher.
• The greatest asset -Digital space/social space.
• Implementation in Narayana.
• Overview of MSMEs
• Indian MSMEs – opportunities.
• Major issues confronting MSMEs.
• Risk perception among MSMEs.
• Access to finance – What MSME’s wish.
• Business domain of SIDBI.
• Services of SIDBI viz., Credit, Credit plus and institutional solutions.
• SIDBI’s developmental outlook.
• Products of SIDBI such as Refinance, Direct Finance, Promotional & Developmental activities.
• Special schemes for MSMEs viz., SMILE, Energy Efficiency Products, Risk Capital, TIFAC, SBL, 4E, Clean Technology Finance, Start up assistance, Green Climate Fund, Partial Risk Sharing Facility, TreDS etc.
• International Cooperation.
India is one of the fastest growing markets in the world. Still there are about 30% people below poverty line with high incidence of malnutrition. India has two of the largest feeding programs - ICDS and Mid-Day meal (MDM) programs - in the world. Under ICDS (Integrated child development scheme) program, India feeds about 120 million beneficiaries every day and the MDM feeds about 15 million of school going children. India's malnutrition figures are not coming down despite number of government programs, says a new report released by World Food Program. Similarly, high economic growth rates have failed to improve food security in India leaving the country facing a crisis in its rural economy. Food security has been a major developmental objective in India since independence. On the other hand, India has a dubious distinction of having largest number of people with heart diseases and diabetes, especially among middle and upper middle-class population.
This situation is leading an increasing demand for health and nutritional foods. Food processing technologies such as extrusion cooking and solar food processing offers a unique solution for these problem by converting locally available agriculture commodities and food processing wastes to meet the food security as well as nutrition and health security. Extrusion technology can be used to produce unique product - lentil analogue - for India, South Asia and some African markets. This product has enormous opportunity in the Indian and other south Asian countries specially to meet food and nutrition security and improve health status of these populations. This technology can also be used to manufacture micronutrient fortified reconstituted rice using broken rice, which offers enormous opportunity in India and other rice consuming countries. Also, use of solar energy in the agricultural area to preserve vegetables, fruits, and other crops is practical, economic and a very responsible approach towards environment. These technologies are relatively simple and can be easily implemented by illiterate personnel with a proper training as an income generation activity. Keeping in view of the nutritional status of the vulnerable population especially children and economic vulnerability of rural women and youth, the current proposal is envisaged to develop nutritional supplements using solar food processing technology to alleviate the nutritional status of school going children and rural women, which will be later produced by the local Self Help Groups to achieve economic viability and sustainability. The presentation will illustrate how these food processing technologies will help in achieving food and nutrition security and provide employment opportunities for women.
The effective creation of a world-class innovation ecosystem is dependent upon the following components:
• Exploitation of “local advantage”.
• Development and diffusion of innovation knowledge.
• Encouragement of self-determination.
• Acceleration through collaboration.
• Allowing “electrons to be shared, but insuring that atoms collide”.
• Engagement of the virtuous cycle.
An entrepreneurial ecosystem is strengthened by creation of spin-outs from local companies, serial entrepreneurs engaged in development of disruptive technologies migration of entrepreneurs to create clustering and synergies, and growth of entrepreneurial ventures from thinking locally to increased focus on global market entry. In order to survive in a highly-competitive marketplace, start-ups require strategies that are customer-centric, market-focused, budget-bounded and guided by a well-validated Go-to-Market roadmap. The metamorphosis of Austin, Texas from a provincial capital in the mid-1970’s to becoming the #1 center of entrepreneurship and innovation, serves as the foundation for this discussion.