Turning todays most promising Startups into tomorrows most
- Slides: 9
Turning today’s most promising Startups into tomorrow’s most successful businesses Building the Entrepreneurial Eco-System of Pakistan Dr. Zahir Ali Syed Co-Chair MIT Enterprise Forum of Pakistan March 11 th, 2009
MIT Enterprise Forum of Pakistan • • Mission -- to improve the economic well being of the people of Pakistan through the development of an Entrepreneurial Eco-system Objectives: Working for o Availability of Large Pool of Entrepreneurs o Development of Investor Organizations/Individuals o Promoting Exit Mechanism o Promoting an Enabling Environment
Entrepreneurial Eco-System Govt. & Regulatory bodies Media Public • Universities, Entrepreneurs • Incubation Companies Customers Centers Funding Help & Support • FFF • Mentors/Coaches • Angels & Networks (TAN) • SMEDA, CSF, BSF, ASF • Private Equity, • Service Providers Venture Capitalists • Law Firms • Banks • Accounting Firms • Etc • CAN: Business Advisory • Marketing Firms
Entrepreneurship Development: • Universal --- High risk o o • Issues Fast & disruptive changes – Technology, business models, etc. Highly competitive; competition from any place in the world Pakistan specific o o o o o Image problem internationally Lack of -- Stability, Security, Level Playing Field & Rule of Law and Restrictive Bureaucracy and Regulations Lack of Financing and Weak Infrastructure Lack of Quality HR Lack of Mentors/Coaches Lack of Awareness about Entrepreneurship Cost of Doing Business Cultural factors --- Failure – not acceptable; Lack of --Creativity, Analytical and Critical thinking Lack of M&A( merger and acquisitions)
Entrepreneurship Development: • Opportunities Universal --- High Gain o Deregulation & Liberalization o Globalization--- Market: The whole world o Technology Driven -- Paradigm shifts: Small/virtual teams can make large sums of money o Access to --- Any type of info • Pakistan specific o Low labor cost o A large, young and tech savvy population o A large local market with increasing buying power
The Way Forward: Build & Sustain the Eco-System • Awareness Development o • Capacity Building o o • Public, Students, Service Providers, Investors, Government and Regulators Entrepreneurs Investors Service Providers Regulators Providing an Enabling Environment o o Funding Conducive Policies Exit mechanism Etc.
MIT Enterprise Forum of Pakistan: Initiatives • • • Entrepreneurship Courses/Seminars/Workshops Business Acceleration Program Tech Angels Network (TAN) Cambridge Advisors Network (CAN) Broadcast of MITEF Events Lectures/Seminars at various universities Key notes, Panels & Highlighting Success Stories Mentoring and Coaching Global Entrepreneurship Week-- Kaufman Foundation Etc.
Entrepreneurial Eco-System Govt. & Regulatory bodies Media Public • Universities, Entrepreneurs • Incubation Companies Customers Centers Funding Help & Support • FFF • Mentors/Coaches • Angels & Networks (TAN) • SMEDA, CSF, BSF, ASF • Private Equity, • Service Providers Venture Capitalists • Law Firms • Banks • Accounting Firms • Etc • CAN: Business Advisory • Marketing Firms
Thank You
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