TVS Capital, part of the TVS group has instituted a chair professor of entrepreneurship to drive focused research on formulation of strategies that can help strengthening the ecosystem for entrepreneurship in India. Rs 1.2 crore has been earmarked by TVS Capital Funds, founded by Mr Gopal Srinivasan. The funds are primarily for research and targeted at role model entrepreneurs.
In his address to the students, Prof. Prahalad said “Entrepreneurs are needed in a society that has resource constraints. They are important because they have aspirations that lie outside the resource space. Therefore, they innovate within constraints. Entrepreneurs don’t benchmark best
practices, but create the best practices.”