India is the world’s third largest ecosystem for start-ups with 38 unicorns, or firms valued at over $ 1 billion. 12 of them were created in 2020 alone and the latest one being Nykaa. In 2020 more than 40,000 start-ups were recognized by the government, which created almost 5 lakh jobs. All this in 2020, the year when the world was reeling under the pandemic. Start-ups are given tax exemptions; various sops and the government is pushing for start-ups to get the funds they deserve. Various incubation cells and other initiatives are searching for budding entrepreneurs, not just in tier 1 but also in tier 2 and tier 3 cities. Entrepreneurship not only creates capital, it creates jobs, drives social change, improves living standards, apart from having the potential of making millionaires out of young entrepreneurs.
Now, more than ever before, entrepreneurship is an option for Indian youth right out of colleges and universities. India needs more “job givers” than “job seekers”. However, our education system, while giving them knowledge, falls woefully short of the know-how to navigate the corridors of entrepreneurship. Entrepreneurship skills can be taught. So new graduates need to be trained on those skills which will make them successful entrepreneurs.
The Entrepreneurship vertical focuses on imparting Entrepreneurship skills to the students through our flagship program ‘Yogyasheel’. We create an ecosystem which provides students with those domain skills to create entrepreneurs. Our vision is to partner with universities globally to make every single youth in the country capable of starting up on their own and give every budding entrepreneur the skills to make their dreams a reality.
The aim is to map the students to local entrepreneurship activity and build an ecosystem around it. What it gives you is the personalized leadership training so that, as a young woman or man thinking of starting off on your own, you gain the insights into team building and managing, hiring the right people, building their mission and vision, delegating, and communicating with the external world. In short, the toolbox you need to build your own successful start-up.