Technology Driven Business Incubators: Role of Government.

1. Technology Driven Business Incubators:Role of Government. AN Professor Dr. ArunNigavekar, Founder Trustee & Senior Advisor STP, Pune. Former Chairperson, UGC. narun42@gmail.com +91-9960000994

2. Sequence of Presentation • Technology business incubators: The Efficacy. • Knowledge driven economy. • New Mantra: Education – Economic growth of Nation. • Ecosystem for Business incubations. • The Maharashtra State Governments New Initiatives for Public Universities. • Way Forward. AN

3. Conversion of Knowledge to Wealth AN

4. Economic development tool • Growth through innovation & application of technology. • Supporting economic development strategies. • Global to local integration. • Strengthening local economies. AN

5. Knowledge Revolution • Knowledge : products, processes & services. • Knowledge-linked economy : knowledge; The new unit of currency. • Education, knowledge, wealth, economy & social transformation :A new link. • Premium for relevant & quality education. • Knowledge has to be at the core of education. AN

6. Education & Ecosystem for Business Incubation AN

7. Reincarnation of Education • Redefine & reemphasize the meaning of : • Learning and, • Understanding. • Education for : • Cultivation & nurturing of knowledge. • Creation of the learning society. Cultivating & nurturing minds for Entrepreneurship AN

8. Business Incubation: Ecosystem AN

9. Maharashtra: New Initiatives AN

10. Maharashtra Public Universities Act 2011 Pathway for Transforming Higher Education into a Socio-Economic Development Force. Professor ArunNigavekar Chairman Committee - II

11. Core Principles- The Corner Stone of the Act. • Inclusiveness while respecting the regional identities. • Quality Education independent of geography. • Seamless global Academic Structure. • Decentralize- Small is Beautiful. • Freedom for Innovation. • Learning powered by Technology. • Synergize Core and Skills Education. • Holistic growth of the students. • Student centric efficient Administration. • Sound Financial System for Colleges & Universities. • Globalization & Internationalization. • Education as a Lifelong Learning process. AN

12. 2. Quality Education independent of Geography. • Maharashtra State Higher Education Information Communication Network (MS-EDUNET) connecting all Higher Education Institutions in the State. • MS-EDUNET: A backbone for connectivity, Repository of Learning Objects, MIS & educational data in Cloud environment, Linked with National Knowledge Network, to operate under MAHED. AN

13. 5. Freedom for Innovation I. • University: Fountain head for creation , assimilation , & conversion of new knowledge for human benefit . To initiate such a process : Committee for Research & Development with well defined functions (CORD) • Board for Innovation, Incubation and Enterprise and a Centre for Innovation and Incubation (CINE) – An operative arm of the Board • CINE-An example: To establish entities like BPO, KPO, EPO providing ‘Earn-while-Learn’ approach ; hands on experience of real business environment in industry • Director of CINE : A full time Officer responsible for creation and cultivation of an enabling environment for innovation (Contd...) AN

14. The Way Forward AN

15. Avoiding Failures University: • The creation of STP : University Authorities & Other entities. • Clarity in roles & authorities is the road for success. • Appropriate documentation, Devil lies in details. • Select the right Leader & Give the person the freedom to operate. Entrepreneur: • Choose with caution. • Verify potential. Venture Capitalists: • Choose tested partner. AN

16. What Works 21st century belongs to those who have desire, aspiration and creative mind to convert “knowledge” in to “wealth”. Technology business incubation is an Art & Science of guiding, nurturing and mentoring the vibrant minds. It is trust & passion blended with micro level details with just support triggers the success. AN

17. ThankYou AN