How important is entrepreneurship in developing India?
Entrepreneurship will be one of our focus areas. President Kalam has also urged us to bring forth success stories of entrepreneurs to inspire upcoming entrepreneurs. Entrepreneurship is very important as it involves job creation. We are trying to find how many IITians have started their own firms. About twenty top companies in the IT sector are founded by IITians just as there are several others in other sectors that were founded by IITians. How important is innovation for entrepreneurship? Innovation is a key to product development. We have a session called Gurukul, this is basically to invite entrepreneurs to be part of a mentoring process. This will involve about 300 entrepreneurs, who will be divided into small groups of 20 entrepreneurs who in turn will mentor 20 budding entrepreneurs. Innovation is very important and the Society for Innovation and Entrepreneurship at IIT-Bombay is a perfect example where professors and students have come together to innovate and launch companies.
