Entrepreneurship

From addressing micro questions such as how entrepreneurs identify opportunities to exploring macro questions such as ecosystem development, the multi-disciplinary research approach adopted by the Entrepreneurship area covers it all, says Chairperson Prof. Dalhia Mani.

Entrepreneurial success often hinges on agility; the ability to iterate rapidly, have flexible resources and rely on emergent strategies. But what if a venture operates in an industry where pivoting is slow, costly, or uncertain?
Doctoral student Charu Rastogi, Entrepreneurship area, studies pioneering ventures in the life sciences and biotech industry in India operating at the frontier, where markets, technologies, and regulatory pathways are uncharted.

Pivoting can significantly impact a venture’s performance. It shows that founders can be agile in the face of adversity. But why do new businesses pivot? To empirically demonstrate whether or not pivoting results in improved performance, Sukhanya Roy also investigates whether or not ventures that pivot perform better than those that do not.

PhD scholar Aman Bhuwania points out that research on funding and VC funded firms has dominated Entrepreneurship research. But, given that only 27% of IPOs are VC funded, where do others get their “funding” from? Can ventures scale without capital?