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Successful businesses has made a great contribution to the economy and provided a livelihood for more millions. On the birth date of Rajan Pillai (our former chairman) 25 years after his death, “Project 25” aims to create 25 world class business from India in the next 25 years .
Beta Group is a dynamic transnational business group of multi product companies and multi dimensional activities. We have decades of experiences and successful track records in the areas of Food Products, Services, Entertainment, Social Commitments, Research for Health, Consulting, Sports and IT.
Creating an entrepreneurial ecosystems or entrepreneurship ecosystems which is systems of interdependent actors and relations directly or indirectly supporting the creation and growth of new ventures. Ecosystems including the social and the economic environment affect local or regional entrepreneurship. Businesses located within places serving as incubators for creativity, innovation, and entrepreneurship have a greater chance of success.
Beta Group has started this venture with a vision to promote entrepreneurship and build world famous brands from India. We feel India lacks the startup ecosystem required to build such brands and we feel the requirement to contribute something for the same.
Almost all of the globally successful company formations of the last decades such as Apple, Yahoo, Google and Facebook were located in one of only two startup ecosystems in the USA – Silicon Valley and Boston.
India needs the same.
It can also be a group of companies, including start-ups, and one or more coordination entities, which share similar goals and decide to form a network or organization in order to explore economies of scale combined with flexibility and entrepreneurial “drive”. Economies of scale can be explored in business functions such as business development, financing, market analysis, marketing communications, IT/MIS infrastructure, human capital management, legal support, financial & accounting management while each participating start-up focuses to research & development, product Management, sales & pre-sales / after-sales support.
Creating Triple relationships of
lead to a range of government policies which developed local entrepreneurial ecosystems. Researchers believe governments have little effect to create an ecosystem for entrepreneurship.
Nonetheless, the entrepreneurial ecosystem idea does lend itself to entrepreneurship policy, where targeted programs can be developed to plug the gaps in the ecosystem. Advisory programs will be provided.
Three critical elements of the entrepreneurial ecosystem—the market opportunity, access to finance, and the quality of human capital, with a particular emphasis on the role of education. It also of important to have a socio-cultural and gender issues that impact the pool of human capital available to participate in entrepreneurial activities.