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Why is the Scene of Entrepreneurs in India Distant?

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Entrepreneurs in India
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New Delhi, July 28, 2017: What is entrepreneurship? It is the capacity and willingness to develop, organize and manage a business enterprise along with risk factors in order to make a profit. This implies that there is no business without risk.

There are many obstacles that trouble a growing entrepreneur in India. This doesn’t mean that there aren’t any entrepreneurs in India, but rather the number of entrepreneurs springing up is not an encouraging figure.

Here are some of the reasons for fewer entrepreneurs in India:

 Brittle family system

This issue bothers entrepreneurs in India because of the stronger family ties that we Indians have. Family support is always absent in such cases. Parents always prefer their children to take up a conventional 9-5 job rather than take up a risky business venture where there is no guarantee that the venture will work out and a high level of risk is involved.

Government ordinances

A few business ventures that break free from the restraints of the usual problems get caught in the outmoded policies of our government. The framework of our administrative system limits the organic development of the enterprises.

Low Internet usage in India

The majority of the innovations in the world occur at internet space. The internet usage percentage stands low at 5% in India. Such a small number makes it really difficult to bring in money and few entrepreneurial ventures.

Also Read: Most Indian firms see Employee experience as a critical aspect of achieving their Business Objectives

Indian education system

The main reason for low innovation in entrepreneurship is our educational system. Our education system hardly focusses on innovation right from its inception. Without an innovative idea, no entrepreneurial venture can sustain itself beyond the initial stages.

Bottom Line

India being a developing nation hasn’t made much progress in the direction of innovation. What we really need to do is mold young minds and inspire them to think creatively. They should be encouraged to let go of their impediments and take the risk to tread a path that’s not yet been explored.

– by Naina Mishra of Newsgram. Twitter @Nainamishr94


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Nasscom, Facebook launch ‘Design4India Studio’ in Bengaluru

The studio would be an interchangeable, flexible space aiming to harness a hybrid of concepts

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Nascomm collaborates with Facebook to provide mentorship in Design and Innovation. IANS
Nascomm collaborates with Facebook to provide mentorship in Design and Innovation. IANS
  • Nasscom and Facebook come together
  • The collaboration is to provide mentorship in design and innovation in India
  • A studio will be built to provide the mentorship to many

In a bid to provide mentorship in design, innovation and entrepreneurship for software companies and startups, the National Association of Software and Services Companies (Nasscom) in association with Facebook on Monday launched “Design4India Studio” here. The platform would provide interactions with design industry mentors and give an opportunity to aspiring designers and startups to explore, innovate and build design as a tool for innovation.

Facebook invests big in Community Leaders Program. AFP
This collaboration with Facebook have a lot of potential. AFP

“Our first of many ‘Open for all’ design studios is built to foster a culture of testing, learning, iterating and prototyping of products and services to increase productivity and innovation for the entrepreneurs and designers,” Ravi Gururaj, Founder and CEO, QikPod and Member, Nasscom Executive Council, said in a statement.

Also Read: Huawei joins Savex to expand enterprise footprint in India

With “WeWork” — a US-based company that provides shared workspaces — as the collaborative space partner, the “Design4India Studio” would provide web, mobile, Augmented Reality (AR) and Virtual Reality (VR) platforms for start-ups and designers.

“It is imperative that design should not be added as an afterthought, rather should be embedded in every step of product development, right from the beginning. Design4India Studio is such a platform that will provide startups with the right mentorship,” added Satyajeet Singh, Head of Strategic Product Partnerships, Asia and South Asia at Facebook.

The collaboration will benefit startups.

The studio would be an interchangeable, flexible space aiming to harness a hybrid of concepts that would empower startups and product companies to better adapt to new business ecosystems.

“Design4India” is a Nasscom initiative that was built in partnership with Facebook and aims to augment the software product innovation ecosystem in the country. IANS