My definition of an entrepreneur is a person who believes in his dreams and the one who is ready to take big risks and the one who is motivated by his passion and vision to move ahead during failures.

If you have noticed those startups and entrepreneurs who made it big, the one thing that accelerated their growth is the adversities and challenges they had faced. Failures and unfavorable conditions were a motivating force for them. There is a common notion that 95% of all the startups fail within the first 3 years and rest 5% will definitely make it big, becuase they now have survived the maximum challenges they can face in the last three years.

For the same reason, very people got into entrepreneurship and all of them got into the same for the sheer passion involved in it. Success or failure these people really enjoyed what they did and they are the true entrepreneurs.

Now circa 2006, the situation is changing ..thanks to the media hype..thanks to incubators..thanks to seed funds and VC’s and angels..a lot of people are getting into entrepreneurship. So for those who is never ready to take risks or never wanted to take up challenges in life a new ecosystem has evolved…rather than bootstrapping you have an incubator where you shell out 1500 Rs and you get a fully furnished workspace, then you have seed funds to fund, you have mentors who will guide you through the proper channel and some incubators even pay you a monthly incentive apart from the seed fund. But will these startups ever make it big….my answer is no, or these startups will ever continue to be mama’s boy or milk babies, they will never take risks becuase they never got a chance to know the challenges and they will always go by conventional wisdom…the reason these entrepreneurs will never get into entrepreneurship, if there were no incubators, if there were no seed funds, if there were no mentors. They decided to try their luck becuase of the minimum risks rather than believing in their dreams or taking up their passion.

So for the same reason even though they may be successful , they may not make it that big..say a google or a yahoo or a microsoft. So by breast feeding our babies…are we killing the future !

I have read about the incubation model but not am very familiar with it.

If you ask my perspective, I would really be very keen to start up something on web2.0, most likely a utility website, for a person who does not have any experience how to manage or run a startup an incubator model will be very useful.

I am infact hunting for people who can help me with their ideas and suggestions as to how I should proceed further.

If you can help me , I would be elated.

Looking forward to a prolonged association.

Cheers
N.Vipin

My thoughts would be an incubation center should be aligned/to think towards the following models.

1. Do you want to build “asset sale” company ?
2. Do you want to build a “Cash flow sale” company ?
3. Do you want to build a “IPO sale” company ?

As you can see, each requires unique attitude and scale. Each should have independent strategies and eco systems. This will help create a pool of entrepreneurs.

My 2 cents.

Regards

Bala