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 | Family Managed | 2 years (1week | 4,50,000 | Yes |
| IIM Ahmedabad/ Centre for Innovation, Incubation, Entrepreneurship | iAccelerator and some very short programs like Anveshan, Solar Innovation Program, | Varies | Varies | Yes |
| IIM Bangalore/NSRCEL | Management Program | I year (4 semesters) | 2,50,000 | Yes |
| Entrepreneurship | Programs on entrepreneurship | 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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