Emergence Concept Note
- 1. EMERGENCE Developing Entrepreneurial Potential in an Emerging India Aniruddha Verma and Dhruv Sharma Young India Fellows 2014-‐15
- 2. The Endeavor – Step 1: Find aspiring entrepreneurs who believe in Advantage India. Step 2: Find thriving businesses that are leveraging and advancing Advantage India. Step 3: Get them to work together. What is Advantage India? A fleet of muscle cars and a talent pool capable of high-performance driving. The Fleet – 50 million small and medium-size enterprises (SMEs) that play a vital role for the growth of the Indian Economy and contribute • 45% of the industrial output • 40% of exports • 48 million in employment • Create one million jobs every year and • Produce more than 8000 quality products for the Indian and international markets The Talent Pool – • India has over 550 million people below the median age of 25 years. • For the next 35 years, close to 70 percent of India’s population will be between the age of 15 and 59. Find aspiring entrepreneurs Find thriving entrepreneurial ventures Bring them together
- 3. By 2050, India will have close to 1 billion employable people. As a million youth enter the workforce every month, policy-makers are exploring new and inventive ways to realize the potential of this demographic dividend. In Delhi-NCR alone, 350,000 SMEs employ close to 6 million people. As engines of inclusive growth, SMEs deserve a renewed focus. Make in India is one example of fresh government impetus. Where is the gap? Due to the relative lack of resources in identifying and recruiting skilled people, many SMEs struggle to find the right talent1. Our Solution A student-driven consulting team offering high quality and cost-effective solutions to the most immediate challenges faced by SMEs. A Three-tier Consulting Team Our vision To promote a new culture which encourages young professionals to spend time and share expertise with small businesses, the backbone of the Indian economy. 1 McKinsey Report: Education to Employment http://mckinseyonsociety.com/downloads/reports/Education/Education-‐to-‐Employment_FINAL.pdf http://mckinseyonsociety.com/downloads/reports/Education/Education-‐to-‐Employment_FINAL.pdf MENTOR INDUSTRY EXPERT TEAM MEMBER A Operations TEAM MEMBER B Finance TEAM MEMBER C Technology TEAM LEADER MBA Student Image courtesy Make in India facebook page
- 4. As a small business For SMEs that are on a high growth trajectory but struggle to find the right talent, our consulting teams will present a unique alternative. I. Top talent When seeking fulltime employment, top talent is naturally drawn to big-name businesses offering competitive salaries. But when seeking internships, learning is the draw. Many students believe they will receive a more hands-on experience and mentoring opportunities with a small organization. II. Fresh thinking Young, bright and motivated students bring with them novel perspectives, fresh ideas, specialized strengths and skill sets. III. Collaboration Our teams will work collaboratively with clients towards diagnosing their most pressing challenges, then deploy the latest in business thinking, engineering and technology to find a high quality and cost-effective solution. As a student An education survey conducted by Twenty19 in 2014 suggests – • 42% students graduated having done at least one internship • 23% students had done at least one internship before the final semester • 36% students were available for one-full semester in their final year With the Emergence Model of Experiential Learning (EMEL), students will – • Apply through a meritocratic and transparent process • Gain valuable professional skills and learn from each other as they tackle challenging problems as a consulting team • Receive individual and group feedback, as well as, awards and recognition • Benefit from opportunities for networking and professional advancement • Receive guidance and mentoring from orientation week till exit interviews • Get to share their internship experience with prospective employers via our online catalogue Total enrollment 11 million Government Universities ~ 330 Private Universities ~ 100 Deemed Universities ~ 130 Government Colleges ~ 7500 Private Colleges ~ 24000 The Higher Education System