Entrepreneurial Eco System in Autonomous Institutions

Abstract

Developing entrepreneurial ecosystem in autonomous institutions including private & deemed universities is a challenge to attain entrepreneurial objectives with respect to the goals set under the umbrella of Make in India, Skill India, Startup India and many other entrepreneurial provisions publicized by Government of India. KL (Deemed to be University) has succeeded in building a state of art entrepreneurial ecosystem towards next generation Entrepreneurs and set up a trademark model with a separate and dedicated center called Center for Innovation, Incubation and Entrepreneurship (CIIE) in the year 2013. University has developed a policy on entrepreneurship and implementing through academic policy since 2015 even before AICTE has released its startup policy in the year 2016. The institute has brought lot of mechanisms to integrate entrepreneurship in to academics and each component is executed keeping student’s academic profile integrating with their course of study. Academic benefits like offering entrepreneurship related courses as compulsory open and certificate courses, attendance up to 20%, semester break, mini/major project/practice school through startups, registration fee waiver to participate in national/international level startups fest and events. A small startup seed fund to build prototypes by the students in the premises itself is the boom for the generation. CIIE of KL (Deemed to be University) has been able to visualize the policy and developed mini ecosystem through various entrepreneurial components. This paper discusses the essential components of entrepreneurial ecosystem suitable for the said autonomous institutes. Finally, a glimpse of results is shown that were observed for the past 4 years through said components.