How Can Indian Students Become Entrepreneurs?

Posted on Saturday, June 13, 2015 by Achyut Joshi

There is a talk among the present generations that the most of the successful entrepreneurs are either successful dropouts or either had a tragedic academic background. Is this true?

While we think of the word “Entrepreneurs” the first thing that comes into our mind are people who think out of the box. An entrepreneur has certain qualities which make him different from others such as thinking creatively to solve a problem, taking the initiative, being personally and socially responsible. The past year holds a remarkable milestone in the extension of the business incubation and entrepreneurship to the Indian student community. In western countries, this concept has started 8-9 years ago. The past year we saw the rising up of many startups in our country.

The government is also providing support to these activities funding to develop incubation centre's in the Indian universities as well providing the creative and innovative minds to ignite. Many private universities like Amrita Vishwa Vidyapeetham had developed Business Technology Incubation centre’s with around 7 patents and more than 25 projects for the upliftment of the rural community providing solutions.

Some of the successful student startups include paperless receipts from the winners of the Barcelona mobile app challenge which is owned by CEO and co-Founder Prashant R,  a fifth semester ECE student from Bangalore. The paperless receipts received a lot of appreciation from the incubation contests and also bagged many medals, but the major problems they faced was the issues getting investors which led to the fall of the company.

Student Entrepreneurs face a lot of problems in the present world. The present world has become so blind that when a child is born he/she is being labeled as doctors or engineers. They don’t care what the child’s deeper mind thinks, what is his/her creative qualities, the innovative path he would like to lead in order to bring about a social and technological change in the society using any of his aesthetic senses or through particular innovation of technology or may be through musical fusion skills. A majority of the present generation of youth are travelling in the path of engineering and tons of engineers graduate each year. Actually what do graduates gain after the rat race for CGPA, craving books  and forgetting them after the exam ,they don’t think how beautifully they can change the world with a slight variation in the way they think. This case is true with 99.0% of the engineering graduates irrespective of their branch.

So how can students become entrepreneurs? How can students start a company?  The answer is very simple. Think outside the box. Don’t just study for grades and jobs, study because you actually want to study. This one change in the mindset can actually make a lot of difference. Take a look at the likes of Steve Jobs, Mark Zuckerberg, Bill Gates who managed to think differently, whose views were not just what syllabus prescribes but to  learn things for their passion towards the subject and their dedication to making lives simpler with their knowledge.

We interviewed some entrepreneurs and asked what problems they faced.

“I was not a good academic student in my college. I was always behind the things that fascinated me the most. I was an ECE student, but I was actually very fascinated by the various programs in computer science engineering. I  went on to learn new computer languages. I loved coding and started developing apps and one of my apps got selected in the incubation contests and now here I am, a successful Student Entrepreneur but in this journey I suffered a lot and still the after effects are persisting. Actually ECE was not my thing and so I redo one year. I really went through a very hard time still when I see people of my college taking pride in my works, it makes me satisfied. ” says Rahul a successful Student Entrepreneur.

We also interviewed Ishank Joshi CEO of BidTech, who gave the pleasure of sharing his journey of entrepreneurship which he started in his college days. He was a person like many who was forced to join engineering due to a huge pressure from his parents’ side. Meanwhile, he discovered that his aspirations and talent lies towards marketing. He nurtured these skills and started as an intern for National geographic channel. “I was put into a group of people with a task of publicizing the Junior Science Talent Hunt where I got lots of opportunities to learn, go to schools spread the message. The event was a success and we got around 4 lakh participations around the country. At this point of time, I was entering my journey of entrepreneurship and visited Entrepreneurship summits where I got a chance to meet big shot entrepreneurs where I met the founder of a job consultancy startup. I had an interaction with him and I put a word with him that in two years I would create a campus job consultancy service which would transform into such a height that he would call him to merge with the successful startup. I didn’t know this single sentence could change my life forever. I started my campus job consultancy and within 6 months I lost an amount of three lakhs  which I had earned through interns and also combining my college fees now I had literally come to the verge of devastation. But I didn’t stop from this failure I always thought that each time you fail you learn something new. I am a big fan of Steve Jobs his theories always guided me through my life. One of his most influential theories which I always speak wherever I go “STAY HUNGRY STAY FOOLISH”. This theory has a very deep meaning.

India is a land of opportunities and more and more packages have been allotted by the government in order to bring out startups and encourage native ventures also adding to make in India initiatives. This present time is the apt time for young Entrepreneurs to come up who constitute the pillars of a progress of the nation.