How to make a business student scholarship
article Student entrepreneurship is a booming industry in India, with over 10,000 startups raising funds through student entrepreneurship programmes.
While it is a promising sector for young people looking to expand their entrepreneurial skills, there is one thing that needs to be done.
Students are required to contribute to the student entrepreneurship ecosystem.
According to a report by the Startup India (SIG) think tank, student entrepreneurship accounts for only 7.3% of the total startups in India.
It is not clear how many students have taken up entrepreneurship but there are over 5,000 student entrepreneurship events taking place in the country.
With the rise of the digital economy, students are increasingly investing in the digital ecosystem as well as their local ecosystem.
Many of these students are looking to invest in startups as they are the first generation in the next five years who are going to be entrepreneurs.
It is not only the students who are making the entrepreneurial leap, but the whole country is looking at them as a potential business leaders.
For students, the opportunities for entrepreneurship are endless.
According to the India Student Entrepreneurship Hub (ISHE), there are more than 10,300 student entrepreneurs across India.
Of these, 1,500 are women and they account for nearly 14% of all startups in the space.
As of October 31, 2016, there were over 6,200 student entrepreneurs in the Startup Hub.
While it is not just about the young entrepreneurs, but also the business students who have started their own ventures, it is important to note that a good portion of the startups are being funded by their parents and family.
The report also mentions that almost 80% of Indian students who launched their startups were supported by parents or parents’ friends.
To help their parents get a leg up, they are also incentivised to provide more support to the students.
SigHE says that the overall student entrepreneurship space is worth $1.6 billion in India and there is a $8 billion potential for the industry.
But for those who are not in the business sector, the need for entrepreneurship opportunities is much greater.
“While many people in the startup ecosystem are going for MBA or PhD degrees, there are still a large number of people who have not gone through this route.
Students who do not have a business background and who are looking for an opportunity to start their own business are at a big disadvantage,” says S.N. Anand, Founder of Startup India.
“The opportunities for student entrepreneurs are vast and there are so many avenues to take.”
It is the responsibility of the students to take advantage of the opportunities available to them.
“We should make sure they understand that this is a career path that they can pursue if they so choose,” says Anand.
“There are many opportunities for students to build their skills in the technology space, as well.
This is where we can make a huge impact in the market and help a lot of students in India.”