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TECHNOLOGY DRIVEN BUSINESS
INCUBATORS: ROLE OF
GOVERNMENT.
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Professor Dr. Arun Nigavekar,
Founder Trustee & Senior Advisor STP, Pune.
Former Chairperson, UGC.
[email protected] +91-9960000994
SEQUENCE
OF
PRESENTATION
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Technology business incubators: The Efficacy.
 Knowledge driven economy.
 New Mantra: Education – Economic growth of
Nation.
 Ecosystem for Business incubations.
 The Maharashtra State Governments New
Initiatives for Public Universities.
 Way Forward.
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
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Conversion of Knowledge
to Wealth
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ECONOMIC
DEVELOPMENT TOOL
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Growth through innovation & application of
technology.
 Supporting economic development strategies.
 Global to local integration.
 Strengthening local economies.

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KNOWLEDGE REVOLUTION
Knowledge : products, processes & services.
 Knowledge-linked economy : knowledge; The new
unit of currency.
 Education, knowledge, wealth, economy & social
transformation : A new link.
 Premium for relevant & quality education.
 Knowledge has to be at the core of education.
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Education & Ecosystem for
Business Incubation
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REINCARNATION

1.
2.

1.
2.
OF
EDUCATION
Redefine & reemphasize the meaning of :
Learning and,
Understanding.
Education for :
Cultivation & nurturing of knowledge.
Creation of the learning society.
Cultivating & nurturing minds for Entrepreneurship
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BUSINESS INCUBATION: ECOSYSTEM
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Innovator,
Technologist
Entrepreneur
Venture
Capitalists
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Maharashtra: New Initiatives
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MAHARASHTRA PUBLIC
UNIVERSITIES ACT 2011
Pathway for Transforming Higher Education into a SocioEconomic Development Force.
Professor Arun Nigavekar
Chairman
Committee - II
CORE PRINCIPLES- THE CORNER STONE OF THE ACT.
2.
Quality Education independent of geography.
3.
Seamless global Academic Structure.
4.
Decentralize- Small is Beautiful.
5.
Freedom for Innovation.
6.
Learning powered by Technology.
7.
Synergize Core and Skills Education.
8.
Holistic growth of the students.
9.
Student centric efficient Administration.
10.
Sound Financial System for Colleges & Universities.
11.
Globalization & Internationalization.
12.
Education as a Lifelong Learning process.
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Inclusiveness while respecting the regional identities.
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2. QUALITY EDUCATION INDEPENDENT OF
GEOGRAPHY.
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Maharashtra State Higher Education Information
Communication Network (MS-EDUNET)
connecting all Higher Education Institutions in
the State.
MS-EDUNET : A backbone for connectivity,
Repository of Learning Objects, MIS &
educational data in Cloud environment, Linked
with National Knowledge Network, to operate
under MAHED.
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
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5. FREEDOM FOR INNOVATION I.
University: Fountain head for creation , assimilation , &
conversion of new knowledge for human benefit . To initiate
such a process : Committee for Research & Development with
well defined functions (CORD)

Board for Innovation, Incubation and Enterprise and a Centre for
Innovation and Incubation (CINE) – An operative arm of the
Board

CINE- An example: To establish entities like BPO, KPO, EPO
providing ‘Earn-while-Learn’ approach ; hands on experience of
real business environment in industry

Director of CINE : A full time Officer responsible for creation and
cultivation of an enabling environment for innovation
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(Contd...)
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The Way Forward
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AVOIDING FAILURES
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University:
 The creation of STP : University Authorities &
Other entities.
 Clarity in roles & authorities is the road for success.
 Appropriate documentation, Devil lies in details.
 Select the right Leader & Give the person the
freedom to operate.
Entrepreneur:
 Choose with caution.
 Verify potential.
Venture Capitalists:
 Choose tested partner.
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WHAT WORKS
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21st century belongs to those who have desire,
aspiration and creative mind to convert
“knowledge” in to “wealth”.
Technology business incubation is an Art & Science
of guiding, nurturing and mentoring the vibrant
minds.
It is trust & passion blended with micro level details
with just support triggers the success.
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Thank You
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