Dr Subbu on Indian Unicorns – A facts based article

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 Dr Subbu on Indian Unicorns – A facts based article

"58% of Startup unicorn founders are not from any IIT."

About 160+ founders come from colleges like BITS Pilani, ISB, IIFT, XLRI and many IIMs.

Gone are the days when IIT was a tag.

It is still the most "prestigious" university, but never a metric of any sure-shot success.

Here is what is changing the game for Non-IITs: 👇

✅Relaxation of College Attendance Norms - Relaxation of 75% compulsory

attendance in most colleges.

✅Placement support - Given in case of startup failure for 2-3 years post-college.

✅Grants and Incubation money from colleges - In some cases, money is almost 1-2 CR equivalent angel cheque.

✅Setting up Technology Business Incubators (TBIs) within the college campus - 50+ TBIs have been successfully set up.

✅Active Research and Infrastructural capabilities for building the startup idea - You can find 3D Printers and STEM kits in many colleges.

➡️15 years back, IIT was the filtering criteria, and most startups were proliferating models from China and the US.

Now, founders are becoming unicorns without the tag and solving problems for Bharat.

Best time for entrepreneurship, indeed?

Source - Inc42 Media

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- Dr. M. Subramanian
Head – MBA Program
PhD (Finance),FDPM (IIM-A), MBA, MFC
Fin-Tech, Blockchain & Analytics

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