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Entrepreneurial Eco-System Entrepreneurs Universities, Incubation Centers Help & Support Mentors/Coaches SMEDA, CSF, BSF, ASF Service Providers Law Firms Accounting Firms CAN: Business Advisory Marketing Firms Funding FFF Angels & Networks (TAN) Private Equity, Venture Capitalists Banks Etc Govt. & Regulatory bodies Companies Customers Media Public
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Turning today’s most promising Startups into tomorrow’s most successful businesses
Building the Entrepreneurial Eco-System of PakistanDr. Zahir Ali Syed Co-Chair MIT Enterprise Forum of PakistanMarch 11th, 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 foro Availability of Large Pool of Entrepreneurso Development of Investor Organizations/Individualso Promoting Exit Mechanismo Promoting an Enabling Environment
Entrepreneurial Eco-System
Entrepreneurs
•Universities,•Incubation Centers
Help & Support•Mentors/Coaches•SMEDA, CSF, BSF, ASF•Service Providers
•Law Firms•Accounting Firms•CAN: Business Advisory •Marketing Firms
Funding•FFF•Angels & Networks (TAN)•Private Equity, Venture Capitalists•Banks •Etc
Govt. & Regulatory bodies
Companies Customers
Media
Public
Entrepreneurship Development: Issues• Universal --- High risk
o Fast & disruptive changes – Technology, business models, etc.
o Highly competitive; competition from any place in the world
• Pakistan specifico Image problem internationallyo Lack of -- Stability, Security, Level Playing Field & Rule of
Law and Restrictive Bureaucracy and Regulationso Lack of Financing and Weak Infrastructureo Lack of Quality HRo Lack of Mentors/Coacheso Lack of Awareness about Entrepreneurshipo Cost of Doing Businesso Cultural factors --- Failure – not acceptable; Lack of ---
Creativity, Analytical and Critical thinkingo Lack of M&A( merger and acquisitions)
• Universal --- High Gaino Deregulation & Liberalizationo Globalization--- Market: The whole worldo 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 costo A large, young and tech savvy populationo A large local market with increasing buying power
Entrepreneurship Development: Opportunities
The Way Forward: Build & Sustain the Eco-System
• Awareness Development o Public, Students, Service Providers, Investors,
Government and Regulators• Capacity Building
o Entrepreneurso Investorso Service Providerso Regulators
• Providing an Enabling Environmento Fundingo Conducive Policies o Exit mechanismo 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
Entrepreneurs
•Universities,•Incubation Centers
Help & Support•Mentors/Coaches•SMEDA, CSF, BSF, ASF•Service Providers
•Law Firms•Accounting Firms•CAN: Business Advisory •Marketing Firms
Funding•FFF•Angels & Networks (TAN)•Private Equity, Venture Capitalists•Banks •Etc
Govt. & Regulatory bodies
Companies Customers
Media
Public
Thank You
