Turning today

1
Turning todays most promising Startups into
tomorrows most successful businesses

• Building the Entrepreneurial Eco-System of
  Pakistan
• Dr. Zahir Ali Syed
• Co-Chair MIT Enterprise Forum of Pakistan
• March 11th, 2009

2
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 for
• Availability of Large Pool of Entrepreneurs
• Development of Investor Organizations/Individuals
• Promoting Exit Mechanism
• Promoting an Enabling Environment

3

• Entrepreneurial Eco-System

Govt. Regulatory bodies
Media
Entrepreneurs
Public

• Universities,
• Incubation
• Centers

Companies
Customers

• 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

4
Entrepreneurship
Development Issues

• Universal --- High risk
• Fast disruptive changes Technology, business
  models, etc.
• Highly competitive competition from any place in
  the world
• Pakistan specific
• Image problem internationally
• Lack of -- Stability, Security, Level Playing
  Field Rule of Law and Restrictive Bureaucracy
  and Regulations
• Lack of Financing and Weak Infrastructure
• Lack of Quality HR
• Lack of Mentors/Coaches
• Lack of Awareness about Entrepreneurship
• Cost of Doing Business
• Cultural factors --- Failure not acceptable
  Lack of --- Creativity, Analytical and Critical
  thinking
• Lack of MA( merger and acquisitions)

5
Entrepreneurship
Development Opportunities

• Universal --- High Gain
• Deregulation Liberalization
• Globalization--- Market The whole world
• Technology Driven -- Paradigm shifts
  Small/virtual teams can make large sums of money
• Access to --- Any type of info
• Pakistan specific
• Low labor cost
• A large, young and tech savvy population
• A large local market with increasing buying power

6
The Way Forward Build Sustain the Eco-System

• Awareness Development
• Public, Students, Service Providers, Investors,
  Government and Regulators
• Capacity Building
• Entrepreneurs
• Investors
• Service Providers
• Regulators
• Providing an Enabling Environment
• Funding
• Conducive Policies
• Exit mechanism
• Etc.

7
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.

8

• Entrepreneurial Eco-System

Govt. Regulatory bodies
Media
Entrepreneurs
Public

• Universities,
• Incubation
• Centers

Companies
Customers

• 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

9

• Thank You