Transforming Agricultural Innovations into Agri-entrepreneurship

Abstract

With the changing paradigm and emergence of demand-driven agricultural markets in India, there is a need of agri-entrepreneurs with distinct traits and skills to exploit opportunities galore in the field of agriculture. Entrepreneurship means to create something new, organizing and coordinating and bearing risk with economic uncertainty. Entrepreneurial activities are substantially different depending upon the type of organization that is being started. The literature has identified some critical attributes of an entrepreneur. These include achievement motivation, risk-taking ability, leadership ability, decision-making ability, innovativeness, management orientation, self-confidence, attitude towards self-employment and income generation, and information seeking. Agricultural sector offers a lot of scope and opportunities for entrepreneurship. Not only production but also input and output agribusinesses can be considered for starting a new enterprise. The researchers and practitioners have identified various challenges for agribusiness sector which require entrepreneurs to innovate and add new frontiers to growth and development of this sector.