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ABCs of Entrepreneurship Education

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The long and short
The biggest draw for such courses seems to be their flexible schedules. Most of these programs are not like regular business programs, but are designed in such a way that the participants can manage, both, their ventures and their education at the same time.

Entrepreneurship courses

Institution

Courses

Duration

Fee

Incubation

SP Jain Institute of
Management and Research
Start Your Business 17 weekends
16 days continuous
50,000 60,000 Yes

SP Jain Institute of
Management and Research

Family Managed
Business (FMB)

2 years (1week
each month)

4,50,000
+15,000

Yes

IIM Ahmedabad/ Centre for Innovation, Incubation,
Entrepreneurship

iAccelerator and some very short programs like Anveshan, Solar Innovation Program,
Cleantech Ventures Program and many other workshops

Varies

Varies

Yes

IIM Bangalore/NSRCEL
for Entrepreneurs and
Family Businesses

Management Program

I year (4 semesters)
(3-4 sessions
in each semester)

2,50,000

Yes

Entrepreneurship
Development Institute
of India

Programs on entrepreneurship
like SMEs, micro enterprises,
social entrepreneurship and a few PG diploma programs

Varies

Varies

No

“I didn’t have time for a full-time MBA,” says Usha P Raikar, technology director for a software firm based in Bangalore, who attended the family business course at IIM-B. “I didn’t have the luxury to do a full-time MBA. I liked the way it was structured; you didn’t have to go the class for about 10 days every four months. So wherever you are, you can just login and post your answers and keep up-to-date,” she explains her reasons.

An entrepreneurship program offers two components--one is the business component and other one is the entrepreneurship component. The business component acts as a safety net for those students who might not feel like starting their own ventures immediately, and the entrepreneurship component is the inspirational net that is going to instill passion and skills in a student to be a successful entrepreneur.

K Kumar
Professor, IIM Bangalore

So, are courses shrunk versions of MBAs, meant only for time-constrained entrepreneurs? Do they offer as many employment opportunities to their students outside of starting their own businesses?

Arpit Agarwal, a member of the entrepreneur-cell at IIT Bombay, feels that there is a lot of overlap between an MBA and an entrepreneurship course. “An MBA already knows that these are the basics and these are how they are structured. This course will not teach anything more than that,” he points out. “This is for non-MBAs like engineers who want to start up and are clueless as to how to go about it. In fact, some of the professors in IITs are clueless about what to do in a startup situation—how to manage human resources, for example. So, anyone who hasn’t done these types of courses as part of his MBA would be benefited by these courses.”

Laura Parkin of NEN does not see entrepreneurship courses as mini-MBAs. She looks at them as an enabler, beyond the standard MBA, to help students meet challenges within today’s top corporations. “When you look at companies today they are actively promoting entrepreneurship internally. Entrepreneurship education prepares everybody who wants to be a leader to be a better leader. We have to shake the notion or demystify, debunk the fact that if you have taken an entrepreneurship course, you can immediately start a company. On our campuses, we actively encourage young people not to start companies immediately, because they should get some work experience before that.” NEN in fact, helps students find entrepreneurial jobs such as business planners.

Entrepreneurship education has just entered the country. But it will go a long way in helping India churn out “job-generators” instead of “job-seekers” as former president APJ Kalam puts it.

A myriad of reasons
"An MBA would require me to take two years away from my business. Plus it would teach me probably a hundred things out of which I wouldn’t need 80 for my business. An MBA teaches you how to be a manager and not how to be an entrepreneur."
Abhishek Gutgutia, Student, IIM B

"Spending two years doing an MBA would be too much and that is primarily the reason why most people who intend to start a business do not do an MBA."
Arpit Agrawal, Student, IIM-B

"I don’t have the luxury to do a full time MBA. I liked the way it was structured; you didn’t have to go the class for about 10 days every four months. So wherever you are, you can just login and post your answers and keep up-to-date."
Usha P Raikar, Technology Director, Bangalore Softsell Ltd,
(attended family business course at IIM-B)

"The SYB course is different, it is a pre-requisite before you start chasing your idea. You get to know what could be possible pitfalls on your journey, do you have the right talent to take it forward, and what would you need to make this idea a reality and scale it up."
Mitesh Thakker, Founder and Director, NetPrice Services Pvt Ltd
(attended Start Your Own Business at SP Jain)


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written by vinod, May 13, 2009
Hi Ronak,
thanks for the reply.
I have some ideas now in my mind and I do have some reveniew generation plan for these ideas.but now struggling with the technology.hopefully will overcome this also..cheers..thanks :)
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The primary purpose of entrepreneurship education at university is to develop entrepreneurial capacities and mindsets. The teaching of entrepreneurship has yet to be sufficiently integrated into university curricula - indeed it is necessary to make entrepreneurship education accessible to all students as innovative business ideas may arise from technical, scientific or creative studies.
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student enterprises - hamara dhandha
written by professor mandi , November 15, 2008
Problem with the entrepreneurship education all over the world is regarding how to make learnable? that is pedagogy problem. Entrepreneurship is also taught / tried to learn the same way like botany or chemistry..

We @ NITIE Mumbai came out with innovative pedagogy called Hamara Dhandha where in practicing entreopreneruship is mandatory for every student of MBA for two years. The purpose here is to make the student learn Business through doing. This concurrently devlops entrepreneurail orientations among the students. At NITIE we have instituted Entrepreneurship Educaiton Awards ( Oct 25...) for the first time in the world so as to encourage teachers, students and colleges promoting entrepreneruship.

Hope we will make one crore students in the country to bring in to student enterprisng as a valid alternate effective learning pedagogy..

DR T Prasad, Faculty adviser, NITIE Center for Student Enterprises, Mumbai
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Hi Vinod
written by Ronak Shah, September 19, 2008
Vinod,

Join NENONLINE.com, GEN Network, The Indus Entrepreneurs and join this course called Start your business program.

You require to think properly and effectively to be able to come up to a level where you can call your self an entrepreneur.

Regards,
Ronak Shah.
http://twitter.com/ronakshah (Contact me on twitter by signing up an a/c if you need help)
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written by vinod, August 25, 2008
hello !
I am an engineer and i want to start my own venture...but i am not able to finalize the product on which o should work on to...how should i proceed further...
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