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Entrepreneurship for Teaching

Faculty of UOL an introduction


Usman Javaid Malik
Assistant Director (QEC)

About me
Education
Work (LinkedIn:
http://www.linkedin.com/in/usmanjmalik)
Experience
Failures

Who is an Entrepreneur?
entrepreneur noun \n-tr-p(r)-nr, -n(y)ur\ One
who organizes, manages, and assumes the risks of a
business or enterprise (Mariam Webster)
Entrepreneurship: Putting to use an individual's
talent in the resources in which he is available with;
and expanding these resources in the future so that
one can get individual as well as general i.e. social
success (Wikipedia)

Attributes of an Entrepreneur

Discipline
Confidence
Open Minded
Self Starter
Competitive
Creativity
Determination

Determination
People skills
Strong work ethic
Passion
Zest
Foresight
Luck!

Reinventing the wheel


Entrepreneurship is not necessarily innovation
Most often just a good remix!

Pace of ingenuity?
Albert Einstein: I wish to do something Great and
Wonderful, but I must start by doing the little things
like they were Great and Wonderful

Steps to starting up!

1.

Contemplate:
contemplate
/kntmplt/ Look at
thoughtfully or think
about.
2. Finding your niche
3. Finding the opportunity
4. Feasibility
5. Identifying the market
6. Uniqueness (USP)
7. Strategy

8. Finding Competitive
Advantage
9. Product/Service
differentiation
10. Operations
Management
11. Branding
12. Legal
13. EXIT!

Think Global, Act Local


EXTRA: Patrick Geddes, a Scottish biologist, sociologist,
philanthropist and pioneering town planner.
Finding opportunities in local problems
Engineering?
Medicine?
Business?
Law?
Media?
Computer Sciences?
Social Sciences?

Spin-off!
Got a bright idea? proof of concept
Can translate it to a real product/service?
prototyping
Resources? Capital
Getting acceptance Early adopters

Limited Resources!

Your final year project?


Your students final year project?
Universitys alumni
Universitys other faculty/staff across the
departments
University funding

Risks

Conflict of Academic with Commercial interests


Morality
Ethics
Legal

Real life Examples


Biotech: Crucell specializes in vaccines and
antibodies. Spin-off from Leiden University,
Netherlands. 329.8 million (2010)
Electrical: Plastic Logic spin-off from Cambridge
University's Cavendish Laboratory. Specializes in
polymer transistors and plastic electronics. (2011 $
280m funding)
Software: Visual Apps by LUMS, Lahore
www.eyedeus.com / www.groopic.com

In our neighborhood
STEP: Science & Technology Entrepreneurs Park
SL NO

STEP LOCATION

NUMBER OF UNITS

TECHNOLOGIES

EMPLOYMENT

DEVELOPED
17

800

Mysore

95

Trichy

106

26

1100

Kharagpur

31

59

313

Ranchi

60

60

695

Pune

25

60

160

Roorkee

14

40

150

Ludhiana

95

53

680

Kanpur

31

10

200

Mumbai

45

200

10

Bhopal

46

148

11

Suratkal

50

450

12

Coimbatore

18

Patiala

13

Source: http://it4b.icsti.ru/1000ventures/a/countries/india/TBI_20System_20in_20India_20-_20by_20Menon.doc

Thank you for your interest.

QUESTIONS?

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