FIRST TIME IN INDIA PGDM IN ENTREPRENEURSHIP WITH INCUBATION10 months ago Guest - Col BS Rao (Retd) Dean, SRiX School of Entrepreneurship
“Entrepreneurship” and “Start-ups” are the buzzwords today. Words like Unicorn have become part of common parlance. Successful start-ups are most storied, and the founders are the new poster faces of a resurgent India. Rightly so. However,…they did it on their own – inspite of – and not because of the system.
The sudden spurt of successful start-ups has given rise to a surge of aspiring entrepreneurs. The problem faced by them all is the same…. “where is the system?”. A start-up ecosystem has emerged in the form of incubators and accelerators; however, they are too few. Mushrooming online communities, FB and Whatsapp based start-up “platforms” offering piece-meal advisory and short duration workshops are filling the vacuum created by the lack of structured systems. Networking events with talks are the norm. Almost anybody is a “start-up mentor”. The low success rate of funding on demo-days is testimony enough. Institutional seed funding is rare. Entrepreneurial education is functioning like an “unorganised sector”, and students are having to choose between higher education and attempting their own start-up. Its time they had the best of both worlds.
The All India Council of Technical Education, (AICTE) Govt of India has recognised the need for Business Schools in Entrepreneurship to provide a strong institutionalised, structured foundation to start-ups. The AICTE has handpicked 4 Institutions across the country to launch the PDGM -IEV (Innovation, Entrepreneurship & Venture Development) course in September 2019. The Institutes have been selected based on their strong infrastructure, incubation facilities, mentor networks and track record in promoting entrepreneurship. SRiX School of Entrepreneurship, Warangal (www.srixsoe.edu.in) is one of the chosen Institutes. Our intent is to encourage ideators and transform them into genuine problem solvers, it is a paradigm shift from regular B School courses wherein the pedagogy is flexible, highly impactful and experiential says Ms. Sreedevi Deviredy (CEO, SR Innovation Exchange). The course will enable students to incubate their idea/start-up and complete their PGDM as well in a 2-year timeframe. The course strength will be limited to 30 seats per year, and the experiential curriculum will be Capstone projects and Action Learning Segments based. Less than 30% time will be spent in classrooms teaching. The faculty will consist of industry experts and accomplished mentors. The course has provision for seed funding and immersion in US/UK incubators. The participants will pass out with an established start-up and a powerful PDGM.
Candidates who are qualified in ICET, CAT, XAT, CMAT, ATMA, MAT, GMAT are eligible for direct admission. For others, the AICTE is conducting a CET on 28 July 2019. Last date for registration for the same is 20 July 2019, through the AICTE portal (http://cet.cbtexam.in).
This new initiative by the AICTE will usher in a new paradigm in the promotion of Entrepreneurship.