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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