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Building rural-inclusive businesses

Building rural-inclusive businesses. About TeNeT. The Telecommunications and Networking Group (TeNeT) at Indian Institute of Technology (IIT)-Madras, India Comprises of Faculty from the Electrical Engineering and Computer Sciences Departments

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Building rural-inclusive businesses

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  1. Building rural-inclusive businesses

  2. About TeNeT • The Telecommunications and Networking Group (TeNeT) at Indian Institute of Technology (IIT)-Madras, India • Comprises of Faculty from the Electrical Engineering and Computer Sciences Departments • Thus far have adopted the non-structured approach to incubation • Have incubated over 20 companies, 10 of which cater to rural technology needs • Last year, with the support of Infodev & DST established RTBI - IITM’s Rural Technology and Business Incubator

  3. About RTBI • Design, pilot and incubate rural inclusive business ventures • Incubate entrepreneurs in a knowledge environment • Leverage Information and Communication Technologies (ICT) for scaling • Mediate between urban enterprise and rural potential for development • 3 Startups : DesiCrew Solutions, InteliZon Energy, ROPE

  4. Rural Access and Connectivity Bridging the Rural-Urban Divide: The N-Logue ICT Kiosk : A local communication and business facilitation hub – the new “post office”… ICT Entrepreneurs at Chiraag Internet Centres in Tamil Nadu, India

  5. Rural data bank Understanding Rural Space • Currently, data is being collected for households in approximately 120 villages across 7 districts in Tamil Nadu state • RTBI works along with Incubatees and supports them in:Village based Entrepreneur selection Determining socio-economic needs of the community or village Aid in the design of locally relevant products/services

  6. Affordable Technologies for Rural Businesses Technology as an enabler… LivelihoodFinancialInclusionAgricultureEnergyHealthcareVocationalTrainingEducation Remote Diagnostic Kit: Neuro Synaptic Low Cost ATM with Biometric identification: Vortex Engineering Last mile connectivity -Cordect Wallset: Midas Communications N-Logue Communications Weather Monitoring Kit: Neuro Synaptic Solar Products: InteliZon Energy

  7. Incubation Ecosystem ICT Infrastructure in villages Local entrepreneurs & community leadership Strategic partnerships Knowledge based environment Innovations for rural needs

  8. Incubation Design Lessons • Computer based education and services is the initial attraction for Rural ICT Entrepreneurs to enter the incubation fold • Business models based on ICTs alone are not sufficient for successful entrepreneurship • Businesses become more sustainable if their core is community-centric and locally relevant • Building around prior domain knowledge enhances the entrepreneur’s staying power allowing creativity to creep into the business development process • Regional approach including geographic, socio-economic and cultural contexts for organic growth • Action research is necessary for project processes and goals to be continuously revised and aligned to the field

  9. Thank you Contact: Dr. Aarti Kawlra (Consultant- RTBI) aarti@tenet.res.in Lakshmi Vaidyanathan (Senior Manager -Technology) lvaidya@tenet.res.in Website:www.rtbi.in

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