Highlighting the improving investment ecosystem in India during TiE Entrepreneurial Summit (TES) 2007 in New Delhi on December 11, Deepak Kamra, General Partner, Canaan Partners said, Indian venture capital industry has come a long way. Last year, 20% of the investments in India were in the area of Internet, 25 % in IT/ITES and 7% in Mobile and VAS.

Thats the message coming from one of the worlds most influential management thinkers Prof C K Prahalad. While delivering his much anticipated address on the Day-2 of the TiE summit in New Delhi, Prof Prahalad said, India can be the place where world discovers the next practice. Indian market is a very complex one, with a large Bottom-of-pyramid market. India should become the global business lab.

In his address, Prof Prahalad laid out four major principles that can make India the hub of business innovation. The principles are:

The Entrepreneurial Confidence Index aims to analyze the socio-economic environment in India affecting the development, sustainability and growth of the entrepreneurial climate in the country. The study is being jointly conducted by TiE and KPMG. The initial insights into the study were shared by Pradeep Udhas, Head of Markets & Global Partner in-charge Sourcing Advisory, KPMG and Gita Dang, TiE Delhi at the TiE Entrepreneurial Summit (TES) 2007 in New Delhi today.

While delivering his keynote address at the TiE Entrepreneurial Summit in the capital on December 11, Mr Ahluwalia said, Our growth should be inclusive and for that entrepreneurs should look at business ideas that connect with the rural masses. As CK Prahalad has pointed out, right BOP ideas make money as well.

Thats the message from Commerce and Industry minister Mr Kamal Nath, while delivering the inaugural address at TiE Entrepreneurial Summit.

Said Mr Kamal Nath, India produces more entrepreneurs than any other country in the world. India is the epicenter of entrepreneurial activity. This is the place to be.

This intimate session saw audiences take to the floors, when the seats were filled up, and what followed was a tte--tte between the masters and the disciplines. The key thought that came from the speakers was that entrepreneurship is all about sweat and toil, but rewards more than meet the hardships. And while investing in a venture, investors put a premium on quality of the entrepreneur and the core team.

The seminar will be organized by MBA-Management of Services students on December 15-16, 2007, in Delhi. The seminar will draw insights from the leading corporate leader Mr Douglas Baillie, Managing Director & CEO, HUL.

The confrence will be heldin Chennai on December 21-22, 2007. The event is sponsored by Kotler-Srinivasan Center for Research in Marketing at Great Lakes and co-chair by V Seenu Srinivasan of Stanford University and V. J. Sivakumar of NIT, Trichirappalli.

The sector, which now accounts for a meager 5% of the total market (worth US$ 280 billion, inclusive of unorganized sector), is projected to account for 30% of the market size in the next 10 years. This prognosis is held out by a FICCI-Ernst & Young Report on Winning with Intelligent Supply Chains.

To provide helping hand for such business plans, Abhiyan, the entrepreneurship club of IIM Lucknow is organizing a platform Start-up Showcase as a part of Nirvaan 2008 on January 13. The Start-up Showcase is being organized in association with Seedfund, NEA-IndoUS Ventures, GEN, TiE and Baring Private Equity Partners.