India The Journey of ISBA Annual Conferences • 1500 participants • 24000 hrs of K’ Exchange • 400 Experts in I,E. & Inc • 120 International Experts • Coverage Comprehensive • Awds 200 Startups+100 IB • Sponsors Govts, Intl, Indv • Press Coverage ISBA 2010 ISBA 2011 ISBA 2012 Rolling Knowledge University Linkages & Vision Spirit of Purpose Accruals to Start ups Interface, Benchmarks, Innova ISBA 2007 ISBA 2009 ISBA 2008
ISBA - 2012 Sixth ISBA Conference “ Business Incubation : The Greatest Innovation for Societal Development ”
“ Business Incubators & Science Parks are the Greatest Innovation of the 21st Century Industrialization ” - Jiang Zhameen, Former Chinese Premier Is it so ? Why ?
Global Incubation Spread . . .
GNEC-STEP, Ludhiana Thapar University, Patiala STEP-IIT, Roorkee JSSATE-STEP,Noida BITS-Pilani CIIE-IIM, Ahmedabad NDBI-NID, Ahmedabad STEP-IIT, Kharagpur SINE-Mumbai STP-Pune MITCON, Pune ICRISAT,Hyderabad Univ, Hyderabad TBI ICICIKP,Hyderabad BEC-STEP, Bagalkot CTP, Bangalore NITK, Surathkal E-Health, Bangalore Madras Univ, Chennai SJCE-STEP, Mysore VIT-TBI, Vellore TBI-NITC, Calicut TREC-STEP, Tiruchirappalli PMCTech-TBI, Thanjavur PSG-STEP, Coimbatore TBI-KEC, Perundurai TechnoPark-TBI, Trivandrum ISBA Network SINED, Karnal IAN Incubator, New Delhi UDSC-TBI, New Delhi Amity Innovation Incubator,Noida SIIC, IIT, Kanpur EDC, SXC,Kolkata Ekta Incubation Centre WBUT, Kolkata SSGMEC, Shegaon MMRDA,Mumbai KIIT-TBI, Bhubaneswar NCL, IPVC,Pune CEDOK,Dharwad MUT-TBI, Manipal SPC-TBI, Avadi Villgro, Chennai RTBI,IIT-Madras, Chennai Bannari Amman Inst. of Tech
Standing on the Shoulders of the Giants Peter Drucker Adam Smith “ Innovation is the Vehicle for entrepreneurship …” “ It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”
Industrial Economy Industrial Economy Agricultural Economy The Road taken, so far by Global Communities... Imperialism Democracy Savagery Barbarism Slavery • Land • Labour • Natural Resources • Capital • Machinery • Management Knowledge Based Innovation Economy • Science & Technology • Innovation • Entrepreneurship 65 + yrs 44 yrs
Hunter Gatherer Society Organizing the society, productively Government Judiciary, Army , Welfare etc Institutions Industry Agri, Services, Banks, FIs etc
Hunter Gatherer Society Organizing the society, productively Government Judiciary, Army , Welfare etc Agri Cultural Society Institutions Industry Agri, Services, Banks, FIs etc
Organizing the society, productively The Modern Industrial Society Government Judiciary, Army , Welfare etc Institutions First order Development Organizations Industry Agri, Services, Banks, FIs etc
The Future Knowledge Innovation Based Society Organizing the society, productively The Modern Industrial Society Government Judiciary, Army , Welfare etc Second order Development Organization Institutions Incubators Industry Agri, Services, Banks, FIs etc
Institutionalizing the Philosophy ……… Never Accept the world, As it is
SPIRIT Reality Innovation Dream Teams Productively organized and Efficient Higher Productivity Resources
Incubators SME Entreprnr Prof YYY ZZZ XXX Fund Start-up Entrepreneurs: Social and Economic Innovation Leaders Sustainable Value Exchange
Human Development Innovation : New products / processes I n v e s t m e n t J o b s 3 0 0 p e r m l n . After 5 to 7 years Tax Revenue to Governments ( Profit, Turnover, Manufacturing Taxes) BI Investment Business Incubator, The Rainbow Equation …! MISS Most Impt. Statistical Signifince. Regional Development Community Government & Society
Incubators Incubators Impact ..! Jobs Regional Development Affirmative Action Investment Growth Innovation Stimulus Others: Taxes, Culture … Which is the most Unique Contribution?
Why are very big Companies pursuing Incubators ?? • CISCO • Intel • Pricewaterhouse Coopers • IBM • Etc Etc Reference Books:- Structure of Scientific Revolutions – Thomas Kuhn Innovators Dilemma – Clayton Anderson
Top Class Companies facing certain Innovative Technology / Markets fail Why they failed ? Precisely because they followed “Best Management Practices ” and decisions, like Listened to customers carefully, Studied the market carefully, Systematically invested on innovation with best returns e.g Mainframe-Minis_PCs, Integ Steel Mills,Earth movers, Photocopiers, Disk Drives etc There are times at which it is right NOT TO Listen to your customers, right to invest in developing low perform products / innovation & right to aggressively pursue small rather than substantial markets TIMES OF DISRUPTIVE INNOVATION -in ‘Innovators Dilemma’- Clayton Anderson
Technology Innovation Spectrum ... ! Current Average Technology Outdated Technology Best Practice Best Lab Technology Maximum Usable Features RIs Promising Technology Incubators Tepp 2 RealUtility Required Functionality Academics Tepp 1 Graduate Thesis Crack Pot Idea Time Now
Process of graduating to new Customer needs ! Building Innovation and Quality ! Incubation Need
Disruptive Innovation & Sustaining Innovation ! 1. Product Performance, 2. Tech grows faster than market demand 3. Not a Rational Investment Option for DI 200 mln Grown Ups 100 mln Isn’t it too good to be true for Incubators ? Yes, because of VALUE NETWORKS ( Context of Business ) Start-ups 1 mln
Disruptive Innovation in Action 1 : (Disk Drive Industry)
Disruptive Innovation in Action 2 : ( Mechanical Excavators Industry )
Distruptive Innovation in Action 3 : ( Steel Mills )
E.g. of Contributions of Disruptive Innovation! Examples of Companies and Products whose roots Were in Disruption
Estimating Innovation vs Potential Growth ... !
Consider a Turkey, fed every day. Every single feeding shall make the bird assume that it is the general rule of life to be fed every day by friendly members of the human race “looking out for its best interests,”. However, on the afternoon of the Wednesday before Thanksgiving, something unexpected will happen to the turkey. It may incur a revision of belief. - ‘The Black Swan’, Nassim Nicholas Taleb
Input Conditions Entrepreneurial Metrics • Targets : • $ $ $ • TDP + + • Mkts • Glob/ Loc • GR Best Practices / Processes Inputs Good Business Incubation Practices : Are they really good ? Towards a Metrics for Incubation : Good and Bad If a thing can not be measured it can not be improved. Improvement needs defined Processes and Process Capabilities Incubation Metrics Best Practices / Processes • Objectives / • Charter • #$%^&*&! • ++)(#$%&@ • ^#@^:>?.,/. • @$%$)(***
BUTTERFLIES: Once a little girl saw a pupa She was watching it for many hours as the butterfly inside was struggling to come out. Then it got stuck. Wanting to help the butterfly she cut open the cocoon and freed it. BUT ALAS! IT COULD NOT FLY AND IT NEVERWOULD. The Butterfly’s struggle to get through the small opening is nature’s way of forcing fluid from the body to its wings, so it would be ready for flight. Challenges of Business Incubators I
Challenges of Business Incubators: II Next day the same thing happened …. She saw another butterfly struggling to come out. She can not do anything. She stood there shouting and yelling “ Come up “, “ Be careful“, Don’t get hurt “,” Keep it up” “ No-No”, “Yes-Yes” “ Prepare a Business Plan”, “ No good strategy” Finally the butterfly came out and started flying beautifully. She was in laughter and tears The Butterfly came , sat on her shoulders & said “ Thank you, I became a butterfly only because of you ! ”
“ Business Incubators & Science Parks are the greatest innovation of the 21st Century Industrialization ”- Jiang Zhameen, Former Chinese Premier Thank you for your patience !
