Month: September 2018

Biotechnopreneur Programme by EDII-Ahmedabad and Gujarat State Biotechnology Mission

Dream’t of having your own enterprise in life sciences, food and beverages, agro-biotech and any other domains of biotechnology?

Then here is your chance, EDII’s Biotechnopreneur Programme provides you with real insights and realistic skills for your entrepreneurial career in the biotechnology sector. EDII’s “BIOTECHNOPRENEUR PROGRAMME 2018-19” is the perfect platform where your business idea gets the refined shape and is translated into a detailed business plan.

Biotechnopreneur Programme is initiated by Department of Science and Technology, Govt. of Gujarat., implemented by Entrepreneurship Development Institute of India (EDII), Ahmedabad, supported by Gujarat State Biotechnology Mission (GSBTM), Govt. of Gujarat.

The programme covers every important aspect and skill set required for starting-up your own viable venture in Life Sciences & Biotech Sector.

From the viewpoint of innovation, the Biotechnology, pharmaceuticals and medical device industry face various challenges that are attributed to lack of enabling conditions for the promotion of start-ups, insufficient idea pool, limited knowledge of IPR system, weak linkages with support funds, conventional management techniques, limited access to infrastructure, lack of interaction with users and understanding their viewpoints, lack of interaction with matured innovation systems, etc. In lieu of the above shortcomings, GSBTM along with other local organizations are carrying out various interventions to strengthen the ecosystem that promotes innovation in Biotechnology, pharmaceuticals, medical devices clusters of Gujarat.

Biotechnopreneur is a person who works with innovative product and/or technologies and uses them for his/her business promotion. In addition to the other efforts, here, GSBTM plans to promote a training programme for Biotechnopreneur, to answer the complex issues associated with bringing innovation and discovery from the laboratory to the market.

The Biotechnopreneur Programme 2018-19

The Biotechnopreneur Programme is conceptualized with an aim to equip wanting to be entrepreneurs, in the field of biotechnology, with all the skill sets needed for the technopreneurial venture.

Biotechnopreneur programme is a 10-month multi-disciplinary life science and business course offered over weekends. It aims to equip the incubatees in business opportunity identification, technology evaluation, etc. along with management, legal, ethical and regulatory issues associated with commercializing their Biotech startup.

Through interactive sessions with experts, entrepreneurs, industrial visits, hands-on sessions and project, the programme, aims at developing vision, confidence, and expertise to strategically build the participants biotech ventures.

Apply Online  before 30 Sept 2018.Get details
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India ranks third on family-owned business list 

Source: TOI, 15 Sept 2018

India ranks third globally in terms of the number of family-owned-businesses with 111 companies having a total market capitalization of $893 billion. India closely follows China with 159 firms and the US with 121 firms, says a report.

According to the ‘Credit Suisse Family 1000 in 2018’ study, published by the Credit Suisse Research Institute(CSRI), in terms of a number of family-owned businesses within the non-japan Asian region, the list is dominated by China, India and Hong Kong. These three jurisdictions together account for around 65% of the non-Japan Asian section of CSRI’s database and have a combined market capitalization of $2.8 trillion (or 71%) of the market share.

Korea came in fourth place, with 43 companies($434-billion market capitalisation), followed by Indonesia, Malaysia, the Phillippines and Thailand, each with 26 companies, There port covered 11 markets in the non-Japan Asian region, which continue to dominate and represent a 53% share of the universe, with a total market capitalisation of over $4 trillion.

The report further noted that in 2017 alone, non-Japan-Asia- Based family-owned companies generated 25.6% greater cash flow return on investment (CFROI) than their non-family-owned counterparts, and delivered a 4.2% outperformance in annual average share price return since 2006.

Credit Suisse head analyst (thematic investments) and the report’s lead author Euge-ne Klerk said, “ This year, we find family-owned businesses are continuing to outperform their peers in every region, every sector, whatever their size. We believe this is down to the longer-term outlook of family-owned businesses relying less on external funding and investing  more in research and development.”

Indian family-owned companies generated a 13.9% annual average share price return since 2006, compared to 6% recorded by their non-family-owned peers, the report said. Further, out of the top 50 most profitable companies globally, 24 were from Asia, with a total market capitalization of $748 billion. The list included 12 Indian family-owned companies with a total market capitalization of $192 billion.

Additionally, in non-Japan Asia, more than 50% of the top 30 best-performing companies are from India, followed by one-third from China. Malaysia occupies third place with three companies, while Korea and Indonesia each have one, the report added.


EDII Ahmedabad launches entrepreneurship development programs for SC-ST Community under the National SC/ST Hub

India, a land of diversity is currently keeping up the pace with growth and prosperity. India as a nation has been witnessing the development in almost all areas. Nevertheless, all the sections of the society need to partake in this prosperity. The marginalized sections of the society also need to envision, create and scale-up ventures to be a major participant in this growth story.

With an aim to enable the socio-economic empowerment of the SC/ST communities, the Government of India has launched the National SC/ST Hub. It is an initiative for developing a supportive ecosystem towards SC/ST entrepreneurs.

In this regard, the Ministry of MSME is promoting a capacity-building program for Skill development of SC ST MSEs with a collaboration of training institutes. These training programs are offered free of cost to SC/ST candidates by the Ministry of MSME under this scheme.

Following the same objective, EDII Ahmedabad has launched six Entrepreneurship Development Programmes for SC-ST Community. Out of total six programmes, two programmes are residential at EDII, campus, and other four programmes are non-residential at a suitable location of Ahmedabad city. Presently EDII Ahmedabad is inviting applications from all over Gujarat. These programmes are specifically aimed for existing as well as aspiring entrepreneurs.

Programme Date: 22 October 2018 and 24 December 2018

Who can apply: Existing as well as aspiring entrepreneurs from SC-ST Community.

Age limit: 18 to 40 years.

Place: EDII Ahmedabad campus

For registration queries: Reach to 079-23969161/163 (Prakash Solanki)

You may reach via a Mail on

Download the application form here:



Importance of rural entrepreneurship in the Indian economy

Economic development of any country largely depends upon the rural entrepreneurship. The growth and development of rural industries facilitate self-employment. It also helps in the maximum utilization of locally available raw materials and labor. Following are some of the roles that rural entrepreneurship plays to ensure the betterment of the society and the country in general at a larger level.

Employment generation: Rural industries play a significant role in employment generation in India with providing large-scale opportunities to laborers of rural areas. Unemployment in rural India can be tackled through rural industrialization.

Foreign exchange influx: We can attract more foreign exchange with the help of rural industrialization. Products that get produced in industries can be exported to other countries at a larger level thereby ensuring the better influx of foreign exchange in the country.

Entrepreneurial development: Entrepreneurial activities can largely take place in rural areas by young and promising entrepreneurs with an aim of the betterment of the society, improvement in livelihoods, creating resources of earning for rural people. It facilitates the development of rural areas.

Proper utilization of local resources: Rural industries help in the proper utilization of local resources like raw materials and labor for productive purposes and thus increases productivity. They can also mobilize rural savings which help in increase of rural funds.

Betterment of society: Rural industrialization can result in more employment generation thereby providing livelihoods resources to the plethora of people. It’s directly proportional to the betterment of society. It creates jobs while securing earnings. Development of an individual in rural areas could impact to the growth of the economy at the same time.

Migration: Migration issue can be sorted out largely by providing employment and earning opportunities to the people of rural India. Issues occurred by migration of masses would be nullified once the rural industrialization takes place in rural areas of India. In recent times, rapid migration has caused the imbalance in the society at a notable scale. This way it can be helpful to check the migration and help the economic development at a significant level.

This way rural entrepreneurship could boost the Indian economy and help it sustain in years to come in an effective manner. It can surely bolster the Indian market to rank among few other developed countries in the top level.


Startups Trends to look out for in future

Amid the tough competition in the market to stand out differently from competitors, startups are in the race to update themselves with latest trends that can lay the foundation of their success and make them stand out in the market. While 2017 has witnessed 57 startups becoming unicorns, the year 2018 is full of AI, IOT, and blockchain technology. It can impact largely on the market.

Since the year 2018 has been keeping its pace with current trends; here are some of the trends in the startup world that can revolutionize the entire market scenario.

Internet of things: Internet of things is something to look out for in years to come. Interestingly, 20 billion devices are currently connected to the internet. Hence, IoT will become the backbone of the customer value and the IoT infrastructure will shift to an edge to provide cloud intelligence.

Workplace: The physical workspace as we know it today is going to significantly change next year as businesses start to get smart about how they use space to drive productivity and adapt to new employee behaviors and tech tools.

Economical change: Digitization and the sharing economy will disrupt more industries. Already, retail (Amazon), automotive (Uber), and the server market (Google, Amazon) have been disrupted – and we have had two years without another major industry being disrupted.

Marketing: Marketing would be the next big thing in the market with the rapid expansion of technology. An ever-growing demand for a new update in the technology, marketing would play a vital role in deciding the future of the company.

Virtual reality: Virtual reality has dominated the digital marketplace, raising expectations among consumers and investors. With virtual reality’s growth across industries, the developing technology’s impact continues to take shape. For the world’s brightest tech start-ups, leveraging the latest advancements in VR offers massive opportunity for cross-industry growth.

So these are the some of the trends start-ups should look out for ensuring massive success in their business while standing out from their competitors in the cut-throat competition.


Challenges faced by entrepreneurs in the competitive business world

It takes sweat, dedication, and commitment to be an entrepreneur; you have to be competent enough to sail through all the hardships starting from having an idea, implementing it, seeking advice, hiring, money management, business strategy etc. In short, entrepreneurs face many challenges in today’s ultra-competitive business world. Though it could be stressful to tackle all the challenges in an efficient manner, they already have more resources to sail through all the challenges amid the widespread competition. Here we have listed out some of the challenges that entrepreneurs have to go through to operate an efficient and successful business.

Time management: For every new entrant in the market of start-ups, time management can be the biggest problems ever faced. They always have to tackle all sorts of tasks in a timely manner to accomplish the objectives. It could be stressful to implement time management in an effective manner.

Cash flow: From paying everything from your employees or contractors to your mortgage to your grocery bill, cash flow is essential to small business survival, yet many entrepreneurs struggle to pay the bills while they are waiting for checks to arrive. Hence, it becomes crucial to managing cash flow timely to run a successful business.

Team Building: It’s the most challenging task if you’ve never run or managed a team before. It seems daunting to select a right people to fit in the role. Not only you’ve to find the candidates who’ll handle the role but also have to consider the other factors like their cost to the business, their culture fit and how they’d work as a team.

Recruitment: The hiring process can take several days of your time: reviewing resumes, sitting through interviews, sifting through so many unqualified candidates to find the diamonds in the rough. Then, you only hope you can offer an attractive package to get the best people on board and retain them long-term.

The vision for future: In a competitive world, one has to be visionary as a founder of startup to come up a with a response plan at any time given the rise of competitors in the market. When your startup is hit by an obstacle, it becomes inevitable to find out an alternative plan to move forward.

Marketing strategy: Marketing strategy could be as vital as effective to maximize your return on invested amount. You have to select from multiple sources like print, online, advertising, mobile etc. However, it takes a lot of time to choose the right marketing medium to stand out among other competitors in the market.

Stress: Starting out as an entrepreneur is a stressful endeavor. As a responsible entrepreneur, you are bound to keep multiple things on track while setting out the goals for the company. There is no larger company structure to provide a cushion for when things go sour. So you’ve to be on your toe every time to run a successful startup.

Amid soaring competition, entrepreneurs face many challenges. However, you can get through it while keeping perseverance and intelligence as your allies. To ensure the success, try to hustle hard to fetch all the possible resources and step up effectively to a ladder of successful business.




Amazon pay acquires Tapzo to boost its digital payment service

In a bid to build on and widen the scope of its payment offering, Amazon India’s payments unit, Amazon pay has acquired all in one services platform, Tapzo in a deal valuing the startup at about $40 million. It will ramp up its digital payments business in the country.

Tapzo CEO Ankur Singla did not respond to queries. While Amazon declined to comment on the acquisition, the company underlined its intent to enable digital payment offerings with maximum outreach.

Tapzo co-founders Ankur Singla and Vishal Pal Chaudhary are set to get some cash and shares of the Seattle-based online retail giant, one person said, adding that the deal was completed last week. They will join the Amazon Pay team in India and help build up the platform.

Interestingly, Amazon India announced the launch of bill payments under Amazon Pay on Tuesday, enabling recharges and payments for electricity, landline, broadband, gas and mobile phone bills. This new service offering comes on the back of the Tapzo acquisition, said one of the people.

Tapzo has been actively aggregating a number of app-based services – such as Uber, Ola, food delivery services Swiggy and Zomato, Book My Show, bill payment service BillDesk and more — into a single app.

The services offered by Tapzo will connect with the Amazon Pay’s strategy and will be subsumed into the Amazon Pay app.

Tapzo platform and its technology, along with the founders, will be a significant needle mover for Amazon Pay, which is locked in a battle with PhonePe and Paytm for a sizeable share of the market and is looking at services to boost transaction frequency.