Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Wednesday 21 October 2015

TEN MILLION ENTREPRENEURS ?


TEN   MILLION   ENTREPRENEURS   ?

Each year , India adds 12 million youth to its work-force

Only 2 million get jobs , leaving 10 million to fend for themselves

Eking out a " subsistence living " , these 10 million are euphemistically called,

>   Self Employed
>   Start-Ups
>   Entrepreneurs

There is an urgent need to go beyond rhetoric / lip service / tinkering , to empower them , to become REAL entrepreneurs

I have explained how this can be done in my earlier blog :



Some naysayers are bound to say :

"   But entrepreneurship cannot be taught

    Either it is in your blood or it is not  "

Then they will try to support their argument by citing Bania communities

Accepting this argument , would be a defeatist attitude !

Here is how we can produce a generation of ENTREPRENEURS , 5 years from now ( if we start NOW ) :

*   Introduce " Entrepreneurship " as an mandatory subject in High Schools
     and Colleges

*   Each such School / College to be " Adopted " by a Corporate ( CSR ? )

*   Each adopting Corporate will bear the full expense of running this
     course ( Teachers' Salaries etc )

*   Such expense to be tax-exempt ( or offset as Corporate CSR obligation )

*   Exams to be in the form of presentation by teams of final year students
     on,

    " HERE   IS   A   BUSINESS   I   PLAN   TO   START "

*   Presentations to be judged by Panels of Venture Capitalists / Angel
     Investors / Incubators etc

*   Winning teams ( 1st / 2nd / 3rd  prize ) , to be offered funds by the
     Panel Members ( as seen in some TV programs )

     Fund amounts should be small ( Max Rs 100 lakhs ) and preference to
     be given to projects involving healthcare / education / manufacturing /
     agriculture / food processing etc

*   Winning Teams , setting up Start Ups with these VC funds , to be
     encouraged to hire graduating students from the non-winning teams
    
     This " encouragement " to be in the form of reimbursement of salaries of
     such hires ( only such hires ), under  " Employment Generation Subsidy "
     from concerned State Government , where this Start Up gets registered ,
     since , employment is a State Subject

     Such Salary-reimbursements  will be for first 3 years of Start Up

    

To create an entire  GENERATION of ENTREPRENEURS , we need to start at the roots

Some years later , when this FIRST generation becomes parents of their own 10 year olds , those SECOND generation youngsters will have entrepreneurship in their genes !

This is one way of preparing a GM ( genetically modified ) Generation , to which , there ought to be all round support
-----------------------------------------------------------------------------------
hemen  parekh
20  Oct  2015
(M) 0 - 98,67,55,08,08


PS :

Please do spare a few minutes to read ,


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