National Entrepreneurship Network (NEN) Releases India’s First-Ever White Paper on ‘Guidelines for Metrics and Milestones for Successful Incubator Development’
Bangalore, Karnataka, India- Business Wire India
– White paper aims at building the much needed nationally accepted set of metrics and milestones for incubators and incorporates the thinking of some of the most seasoned and experienced managers from the academic and private sector incubators
– The White paper assumes significance in light of the proposed nationwide “District Level Incubation and Accelerator Programme” to be taken up for incubation of new ideas and necessary support for accelerating entrepreneurship, in Union Budget 2014
– The white paper has been submitted to Department of Science & Technology (DST) to institute standards for the establishment and working of incubators in India
– Recommendations to set the motions for analysis, discussion & debate for policy review and modifications, for the benefit of both funding and host organizations that set up incubators
– Elaborate researched content demonstrates NEN’s thought leadership in the larger entrepreneurial eco-system and its intent to help incubators reach full potential as‘engines of economic growth’ in the country and showcase s of incubator-corporate relationships
– While National Entrepreneurship Network (NEN) focuses on enhancing the nature and quality of student start-ups and continues to build an eco-system that will help them grow, it also engages in entrepreneur support through mentoring, knowledge & skills building, and networking
Wadhwani Foundation’s flagship initiative, National Entrepreneurship Network (NEN), has released a white paper for the Department of Science & Technology (DST) to institute standards for the establishment and working of incubators in India. Titled “Guidelines – Metrics & Milestones for Successful Incubator Development”, the white paper has drawn heavily from NEN’s decade long experience in the Indian Start-up Eco-system wherein it has played a key guiding role in several start-ups turning profitable. NEN believes that incubators can be a great asset for India provided we establish mechanisms to enable higher success for them – policies that will govern the right selection criteria for who should be funded; practical and required guidelines on developmental milestones for building them up as organizations; right metrics to both measure and award success; knowledge, skills and best practices to enable teams to successful initiate and manage incubators; realistic understanding and expectations on sustainability.
El libro blanco, un producto ampliamente investigado, se basa en múltiples fuentes de información que incluyen entrevistas con directores de incubadoras en la India y otras partes del mundo; conversaciones con empresarios incubados, tanto graduados como actuales de diferentes incubadoras. Además, este documento se ha basado en una gran cantidad de investigación secundaria, incluida la revisión de la literatura y los resultados de la encuesta de los diferentes tipos de incubadoras de todo el mundo, sus servicios de apoyo y métricas.
NEN’s Co-Founder & Senior Director, also the lead author of the white paper, Sunita Singh says, “It is critical to arrive at a nationally accepted set of incubator metrics for India to be a key player globally in the space of incubation. Business incubators have the potential to bring about economic development in any geography. An incubator should be able to create sustainable and strong entrepreneur support infrastructure as an enabler to technology inventors and entrepreneurs for building successful start-ups.Progression of business incubators can be structured using milestone-driven progress indicators. We aim at creating a strong and efficient starting point, from where a common set of benchmarks, milestones & metrics can help incubators and their stakeholders achieve their goals.”
Sobre la base de este libro blanco, los dos puntos clave que ayudarán a establecer directrices nacionales, métricas e hitos para las incubadoras en la India, son:
1. Categorization of incubators: identifying unique characteristics and success factors for each incubator thereby enabling replication of successful s, appropriate under different conditions. This classification is key to differentiate between the nature of the clients that the incubators deal with and the related business s
2. Critical indicators of success: for companies that the different categories of incubators support. While economic and social impact of an incubator is long term, outcomes that are immediately measurable are critical to understand, especially if the incubator is making progress
The solutions & recommendations in the white paper are based on a detailed understanding of key factors that govern incubator categorization like motive, size of opportunity, location, in-house expertise and sphere of influence.
Sanjay Anandaram, conocido asesor, mentor, inversor y apasionado defensor del espíritu empresarial, que también asesoró a la NEN en el desarrollo de incubadoras, afirma: "El libro blanco publicado por la NEN es un paso importante en la creación de una red dinámica de incubadoras en la India. Ayudará a clasificar, medir, establecer directrices y buenas prácticas, y a garantizar que los viveros de empresas desempeñen el papel que les corresponde en el fomento y crecimiento del espíritu empresarial en la India. El informe debería difundirse ampliamente, debatirse y ponerse en práctica".
Las recomendaciones del libro blanco sobre métricas e hitos se basan en la lógica secuencial de que las incubadoras crean emprendedores que, a su vez, crean impacto en forma de ingresos, beneficios para los accionistas, nuevos puestos de trabajo e impacto social. De ahí que los parámetros de medición deban centrarse en el impacto a largo plazo, los resultados inmediatos y los hitos de desarrollo organizativo.
El Libro Blanco también ofrece una visión útil sobre:
– Key challenges that incubators face in terms of the right amount of funding required and financial sustainability
– Training and mentoring services for community entrepreneurs at the incubator & returnable seed money to incubated companies
En el futuro, NEN se centrará en aprovechar su experiencia para ayudar a madurar al sector de las incubadoras de India y otras economías emergentes, prestando los siguientes servicios de apoyo:
– Internal capacity-building of incubators : training, webinars and best practices’ sharing forum for incubator managers, and other personnel
– External support for incubators: develop s and methodologies to engage corporate sector in the incubator industry to enable stronger professionalism, additional money flow into incubators, non-financial resources for the incubator and its start-ups
– Create tools in the form of ‘How to guides’ and videos for incubator personnel to use
– Evolve consultancy support for new and upcoming incubators to help them develop more systematically
Sobre el autor principal:
Sunita Singh drives the Wadhwani Foundation’s global expansion, including setting strategy, building teams, fund raising, and forging high-potential partnerships. Over the past few years, Sunita has led NEN’s unique capacity-development initiative, where she pioneered the development of India’s entrepreneurship educational capacity and network across 500 academic institutions, creating first-time access to knowledge and skills for aspiring and new entrepreneurs. She also contributes to NEN’s thought leadership by driving research, collaboration and representation at strategic forums in India and abroad. She is on the advisory and steering committees of several non-profit and government organizations, including AANDE India, SIDBI Innovation and Incubation Center at IIT Kanpur.
Acerca de la Red Nacional de Iniciativa Empresarial (NEN):
The National Entrepreneurship Network (NEN) is Wadhwani Foundation’s flagship initiative in India. It was established in 2003 with a mission to inspire, educate and support high potential entrepreneurs to create millions of high-value jobs. NEN does this by building institutional capacity for entrepreneur support and a robust entrepreneurial eco-system. It was co-founded with IIT Bombay, IIM Ahmedabad, BITS Pilani, SP Jain Institute of Management and Research and the Institute of Bioinformatics and Applied Biotechnology. NEN represents Asia’s largest and most dynamic community of young and future entrepreneurs and aims to create impact at scale in a sustainable manner. Its for advancing entrepreneurship rests primarily on a partnership approach, through which it builds institutional capacity for creating entrepreneurs; developing and inspiring a pool of aspiring entrepreneurs at more than 500 academic institutes; enabling access to leadership and skills-building programs, and providing access to expert, mentor and capital networks. NEN also strengthens the entrepreneurial eco-system to support existing start-ups through high quality programs and infrastructure delivered by knowledgeable & experienced faculty along with seasoned entrepreneurs.
Acerca de la Fundación Wadhwani:
Fundada en 2003 por el Dr. Romesh Wadhwani, la misión principal de la Fundación es la aceleración económica de las economías emergentes. La Fundación se embarcó en su misión en la India en primer lugar, y posteriormente, la Fundación se ha expandido a los EE.UU. y otros países. En la India, con un crecimiento previsto de entre 250 y 300 millones de personas que se incorporarán a la población activa en 2022, la creación de empleo a gran escala se convirtió en el principal imperativo para el país. Además, a medida que la población india se hace más joven, las naciones más avanzadas del mundo envejecen, lo que ofrece a India la oportunidad de convertirse en el proveedor mundial de talento. Catalizar la creación de empleo y el desarrollo de capacidades se convirtieron en las dos principales áreas de interés de la Fundación. Durante la última década, la Fundación Wadhwani ha puesto en marcha cinco iniciativas de gran impacto en la India. Entre ellas figuran la promoción de las capacidades empresariales y laborales, el aprovechamiento de los discapacitados instruidos, el fomento de la innovación y el impulso de cambios políticos para poner en marcha oportunidades económicas. Para hacer frente a la elevada tasa de desempleo juvenil y de trabajadores desplazados en Estados Unidos, la Fundación Wadhwani puso en marcha en 2012 la iniciativa "Race to a Job".
Conéctese para obtener más información:- https://www.wfglobal.org
Photo Caption: Sunita Singh, Co-Founder and Senior Director, National Entrepreneurship Network (NEN).
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