Fostering an Entrepreneurial Eco System in Academic Institution in India

Abstract

The economic growth of the country largely depends on the pool of educated manpower. The present higher education system has failed to meet the aspiration of the graduating students and also of the country. The so called educated manpower, in general, has proved to become the liabilities of the country in stead of being assets. A radical change in thinking and a quantum shift in attitude and action in education strategy are needed to reinvent the education ecosystem. In today’s world it is not the content of knowledge that is important, but the way one transforms the knowledge into commercial activities and derives economic benefits out of it, are the utmost requirement. Also no country can ever be great and prospering unless the young are ambitious, risk taking and enterprising. Indian talent and entrepreneurial skill are well respected around the world. However the present education system has failed to attract the best talent as well as to pull the young educated generation to motivate in own start ups. Thus it is need of the time to foster Entrepreneurial Eco systems in Higher Educational Institutions in India so that the young graduates becomes the job provider, not the job seeker and generate employment and bring prosperity and laurels for the country.