From an earlier post Business Incubation 101 that forms the preamble of my incubation idea. Thanks for all the offers of support – shows me that the idea resonates with many.
1. First bring the academia out of the safety of the cocoons we’ve woven around them. Have them check out what the world looks like. Today’s world. Today’s India.
2. Next, focus towards incubating ‘people’. They should be the real focus. Find real mentors. People that have been in the entrepreneurial world even if they have failed. They are the best teachers. Not professors of colleges. Don’t talk about incubating business. Leave that to the Western world.
3. Next, teach people to fish. No point in teaching fishing in your living room aquarium. At least walk them out to a brook. Pick up all the university incubation centres and physically put them off campus. That’s where the world exists. Not in the time warped government funded institutes.
Entrepreneur-ism is not socialistic. And capitalism doesn’t necessarily mean greedy or mercenary – especially in the context of India’s ethos. Make entrepreneurship an attractive lifestyle and stop being condescending irrespective of the preamble of our constitution. That goes for all those holier-than-thou bankers and VC’s.