Encourage student entrepreneurs, industry leaders told. There is a need for industry leaders to come forward and encourage the student entrepreneurs to innovate and set up new industries, founder of MobME and chairman of the Startup Village Sanjay Vijayakumar has said.
The industrialists, who are not necessarily from IT sector, can invest in the industry by interacting regularly with the entrepreneurs and investing in Angel Funds. For instance the biggest employer of Malayalis in the Middle East Ravi Pillai is the major patron of the startup village in Kochi. Of course the startup village has the advantage of being one of the most successful IT entrepreneurs – co-founder of Infosys – Kris Gopalakrishnan as the chief patron, Mr. Sanjay told The Hindu here on Sunday. The startup village has been chosen by the Andhra Pradesh government to run the Technology Research and Innovation Park (TRIP) at the Rushikonda IT Park which is being inaugurated on Monday by Chief Minister N Chandrababu Naidu.
Kathy Ireland: Swimsuit Cover Girl Turned $2 Billion Business Model? How Great Entrepreneurs Think. What distinguishes great entrepreneurs?
Discussions of entrepreneurial psychology typically focus on creativity, tolerance for risk, and the desire for achievement—enviable traits that, unfortunately, are not very teachable. So Saras Sarasvathy, a professor at the University of Virginia's Darden School of Business, set out to determine how expert entrepreneurs think, with the goal of transferring that knowledge to aspiring founders. While still a graduate student at Carnegie Mellon, Sarasvathy—with the guidance of her thesis supervisor, the Nobel laureate Herbert Simon—embarked on an audacious project: to eavesdrop on the thinking of the country's most successful entrepreneurs as they grappled with business problems. She required that her subjects have at least 15 years of entrepreneurial experience, have started multiple companies—both successes and failures—and have taken at least one company public.
Do the doable, then push it Here's another: Woo partners first Sweat competitors later. Entrepreneurial Spark to open hubs down south. Flush with the apparent success of the three business hatcheries it has developed in Scotland, Entrepreneurial Spark plans to open eight business accelerator hubs across England, Wales and Northern Ireland.
The first hub is expected to open in Birmingham early in 2015. Others will follow in cities such as Bristol, Cardiff, Leeds, Manchester and Belfast. The hubs will offer the kind of support Entrepreneurial Spark has provided for hopefuls in Scotland. This includes mentoring from experienced entrepreneurs and accommodation in spaces where participants can network with other business owners. Jim Duffy, who launched Entrepreneurial Spark with the backing of successful Scots entrepreneurs including Sir Tom Hunter, said the initiative has helped drive a huge upsurge in the number of new business incorporations.
He noted: "Better still those who go through our programmes have an 80 per cent survival rate which is way above average. Mr Duffy will oversee the hub programme. Sir Richard Branson: Want to be an entrepreneur? Start at primary school. Launched earlier in the year, the challenge pledged £5 to primary school pupils for one month; encouraging them to find creative ways to make a profit and engage with their local community.
Run by education charity, Young Enterprise, and supported by Virgin Money and the Department for Business, Innovation and Skills, the challenge – in its inaugural year – saw over 30,000 children take part from over 500 different schools. This year’s winners included Leanne’s Silhouette Studio, devised by pupils from Richard Whittington Primary in Hertfordshire, and Bits & Bobs from Grasby All Saints CofE Primary in Lincolnshire, which sells handmade and sewn gifts. Following new plans set out in June to introduce schoolchildren as young as five to key business concepts, Lord Young of Graffham commented on the challenge, saying: "The purpose of the Fiver Challenge is to give children a taste of what the entrepreneurial life is like.” “I was quite motivated I suppose.