An analysis of Indian entrepreneur profiles reveals that 32 years is the average age of entrepreneurs and that only 6 percent of them are women. Interestingly enough, the majority of start-up entrepreneurs in the country have a background in MNCs (multinationals) and Indian tech companies (35 percent and 27 percent respectively, from a sample of the report). Only 13 percent of start-up founders have absolutely no experience in the field before launching their ventures (NASSCOM Report).Student (owned) start-ups have started to contribute towards market expansion and job creation. Most of the student (owned) start-ups have evolved from technology courses instead of other liberal studies or social sciences disciplines. In recent years, a few technological and entrepreneurship development institutions have initiated efforts to design Start-up Policies for student ventures on their campuses.AICTE took up the task of designing the 'Start-up Policy for AICTE Approved Institutions' to increase the efforts of institutions as they prepare students for entrepreneurship. AICTE's Start-up Policy would outline roles of the AICTE, Academic Institutions, and TBI (Technology Business Incubators) in creating student entrepreneurs.
To create 100,000 tech-based start-ups (student owned) and a million employment opportunities within the next 10 years (2025). This would be done by developing an ideal entrepreneurial eco-system and promoting strong inter-institutional partnerships among technical institutions.
To help create a larger number of student-driven, on campus start-ups that will add to economic and social value. To achieve this, the below mentioned strategies would be applied:- Teaching students and encouraging them to take up entrepreneurship as a preferred career choice- Preparing students for successful launching of their start-ups- Re-orienting academic curriculum and pedagogy with a strong focus on Start-ups- Developing customized teaching and training materials for start-ups and engaging them in pre-startup activities- Capacity Building Programmes / Activities for faculty as well as trainers.- Mentoring start-ups to become sustainable.