S UPPORT S TRUCTURE FOR G RASS ROOT I NNOVATORS FROM TECHNICAL AND MANAGEMENT INSTITUTES Akshar Chandra.

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S UPPORT S TRUCTURE FOR G RASS ROOT I NNOVATORS FROM TECHNICAL AND MANAGEMENT INSTITUTES Akshar Chandra

H OW T HEY CAN HELP Creation of educational resources Identification of growth opportunities in entrepreneurial development and incubation for grass root innovators at respective institutes. Improve local technology improvements and innovations by value addition and scientific research Build easily accessible databases. Protection of IPRs. Connect with private sector.

R OLE OF M ICROFINANCE I NSTITUTIONS The idea of microloans Poorly developed capital markets make it difficult for potential entrepreneurs to borrow the funds needed to establish new businesses Where economic and social mobility is restricted Lack of VCF support – example of Amrutbhai’s cart. Model of Microfinance Company in Denmark called MyC4 – multiple investment channels

E XAMPLES – IIT K HARAGPUR Company – Sri Balaji Mushroom Firm Work - Mushroom Production & Vermi compost Production Support Provided Quick program for basic science concepts Agricultural Engineering Dept provided technological know-how and laboratory testing facilities Entrepreneurship Cell provided with understanding of marketing and management Product Database created for international access

S URVEY IN E NGINEERING I NSTITUTES Year Percentage of interested students

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