TPT Bureau, New Delhi:
Dr. Prakash R Sharma is India’s own start-up sage with his decades of experience with India’s start-up ecosystem. He is the brand ambassador for Global Start-Up Ecosystem and Founder of P Combinator which is an entrepreneurship enabler in India across the different sectors. Dr. Sharma’s academic career apparently proved to be the foundation for his vast work experience and contribution to the Indian start-up ecosystem. He has an MBA in Marketing, HRD, and Finance and also a Ph. D degree in the start-up ecosystem.
He has more than 30 years of experience working in the IT industry with the government, NGOs, and industry, Dr. Sharma is not only a start-up sage for the Indian start-up eco-system but has other skills in his arsenal as he is a certified Lead Auditor.
He came up with P Combinator as a concept way back in 1996 and it evolved as a real framework from 2011 as part of his research study. P Combinator is an interface to bring different stakeholders in the start-up ecosystem like academicians, researchers, mentors, organizations, investors, students and direct them with resources, collaboration, revenue opportunities through effective project management of their concepts to convert same to product for sales. He came up with a framework that has 7 Dimension which is summed up as PASSION and 28 process areas to nurture a budding and successful entrepreneur unit. Today P Combinator is benchmarked as on par with the top 10% entrepreneurship accelerator program with reference to competency development by UBI Global.
He is one of the luminous personalities and rays of hope for India’s budding entrepreneurial ecosystem. India, a country housing world’s third-largest ecosystem has the potential to contribute towards positive economic growth and employability of the country. Thirty-eight Indian start-ups have revenue of over 1 billion and have been bestowed the term of the unicorn for billion revenue worth. The most astonishingly positive fact is that 12 of the 38 firms have been established during the pandemic year.
In light of India’s recent success in terms of flourishing entrepreneur ecosystem Dr, Sharma lauded government schemes and programs like Atal Tinkering Labs, Mudra Schemes for their positive contribution in India. But he raised the concern of policy contradiction bringing hurdles in the entrepreneurial growth of India. The Indian government needs practical policies and implementation roadmap of the government funds and schemes and a smooth patent system. His suggestion for the Indian industry is not to be follow-up investors for Indian start-ups but real risk-takers. Then only we can witness the real potential of the Indian start-up ecosystem.