The Startup India Initiative of the Government of India, launched in 2016, is intended to build a strong eco-system for nurturing innovation and entrepreneurship in the country driving sustainable economic growth and generating large scale employment opportunities. The initiative has started showing results. In the 4th edition of a new NASSCOM-Zinnov report titled “Indian Start-up Ecosystem 2018: Approaching Escape Velocity,” India has been ranked the 3rd biggest startup hub in the world! 8 startups from India became Unicorns in 2018. The first half of 2019 has seen many more being added to the list. India has also established its status as a global technological powerhouse.
Yet a lot needs to be done to achieve the new vision of having 50,000 new startup by 2025 so that 8 million new jobs /year can be created. All this is required to just keep the employment rate constant and economy growing at the targeted rate.
IILM University, in collaboration with Swadeshi Jagaran Manch, Shri Vishwakarma Skill University and Gurugram University is hosting one day seminar that will provide a platform to explore new ides to augment the initiatives launched by the government to encourage entrepreneurship and skill development.
Session 1: Collaborating efforts of Government,Education Institutions and Corporates to transit into Industry 4.0
Technology development and manpower skilling and re-skilling are critical for Indian startups and companies to be able to develop technologies of industry 4.0 .The first mover advantage gained can lead to humongous wealth creation across the economy . These technologies, both incremental and disruptive, will redefine business and society. Similarly the natural consequence of following a new curriculum at school and college level and encouraging startups in that field will lead to increase in employability of students.
Session 2: Grass root Innovation and Entrepreneurship
Skill development can augment the entrepreneurship ecosystem in a big way. Skill development amongst youth could lead to more self-employment and job creation.The session would be focused on the initiative that can be taken by the academia, skill development hubs and government institutions to identify and provide support to the youth on specific areas wherein there is more scope for self-employment and entrepreneurship.
Session 3: Scope of Entrepreneurship in the Era of Artificial Intelligence, Machine Learning, Robotics and Big Data
India has always been a hub of small businesses. Today, with help of technology, the opportunities have increased manifold. Government has also launched incentives and programs to encourage startups in certain sectors. The session discusses the opportunities that exists in multiple industries and areas wherein there is a need and scope for start-ups to grow.
Session 4: Skilling for Employment in Start-Ups
Given the availability of low skill labor in the country (for example, only 2% of the labor in India is skilled), re-skilling or up-skilling will be required to make them ready for the new requirements. The Government, Industry and Academia need to come together to identify the areas where skills are needed in future and continuously develop programs to train people with minimum cost to scale up their skills for employment in start-ups.
Session 5: Making Impact in Agriculture Sector through Technology
Today the agriculture sector is ready for a massive technological shift. Across the world, precision agriculture is picking momentum, wherein big data, drones, sensors and farm management technologies are being used. Digitalization is adding value to farming by providing environmental controls, gene manipulation, and smart packaging technology as well as facilitating micro farming. India too needs to start adopting these innovative technologies to increase productivity and wealth from the agriculture sector. Only through skill –development and social entrepreneurship can agri-tech reach rural India. This session attempts to explore how to encourage innovation and entrepreneurship in this space so as to impact the lives of 50% of the Indian population as well create more employment opportunities in this space.