Right from the day, TATA Nano was revealed in Auto Expo, the question - 'Why such innovative products are generally missing from Indian market?' has been haunting me. Why does Entrepreneurship & Innovation has always been belonged to 'all talk and no action' category? What are the barriers to innovation and entrepreneurship in India? And is there anybody working on those barriers so that the future entrepreneurs do not have to face them?
Pranav in his recent article in Startup Dunia lists down the missing pieces of Indian entrepreneurial ecosystem, the foundation on which hundreds of innovation should have happened
- Non-Existent Early Stage Funding
- Inability to attract and hire good talent
- Spark or Tipping Point that sets Indian Entrepreneurial scene in fire.
Add to this
- A general lack of political initiatives trying to create an ecosystem that breeds innovation. [In India, Entrepreneurship is never an electoral issue, while in US, Barack Obama has already promised to take all steps to make sure that the next Google happens in US]
- Focus of Indian Engineering Colleges on creating employable graduates rather than on creating entrepreneurs. Which of the Indian Engineering Colleges is ready to play the role of Stanford university in the creation of Silicon Valley style environment? Remember it is Engineers who beget ideas.