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Today, India has the third largest startup ecosystem in the world, representing 56 diverse sectors. Experts say there are many business opportunities for young entrepreneurs and the growth of digitalization will only broaden their horizons.
In schools and colleges, aspiring entrepreneurs rely on technological advances to launch their own businesses. Educational institutions can act as incubators for young entrepreneurs across the country.
Comparing the current entrepreneurial environment to decades past, MRIRS Executive Director Lieutenant General RK Anand said: classroom. “
He spoke at the BW Education Future of Management Conclave 2023 hosted by BW Businessworld in New Delhi on Thursday.
Dramatic changes are happening. Not only universities but also governments and various sectors of industry promote startup culture. As industry standards change, institutions need to bring students closer to the future demands of the industry. There is consolidation and transformation between industries and demands. These transformations are bringing the ecosystem together and motivating all stakeholders to think and innovate.
Dr. Pooja Jain, Director of the Jagan Institute of Management Studies, observes a dramatic shift in young people’s risk appetite. “We have been supporting small, student-run startups. and allow them to learn from small businesses,” she said.
Universities in the US and Europe are several steps ahead when it comes to creating an environment that fosters and incubates startups. They provide students with industry exposure and hands-on experience, making them aware of the right skill sets needed for their near-term growth.
“One of the things foreign universities have done is embed entrepreneurship not as a subject, but throughout the curriculum of business schools. Innovation, IMT Ghaziabad.
Amoncar elaborated further on entrepreneurship, adding that entrepreneurship is different from entrepreneurship. Enterprise is about having an idea and making it happen. Entrepreneurship is about expanding it and creating social, cultural and economic value for society. We need to better support and shape student ideas, provide mentor teams and structured funding, and improve student marketing strategies.
Today, India has the third largest startup ecosystem in the world, representing 56 diverse sectors. There are many business opportunities for young entrepreneurs, and the more they broaden their horizons, the more they go digital. In addition to this, the Indian government has rolled out several schemes that have encouraged the country’s young population to pursue entrepreneurship as a stable career option.
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