Employment to Entrepreneurship aptly defines the changecurrent decade is witnessing. People are considering 'Doing Business' as an alternate to employment and not just a residual to failing employment opportunities. Though entrepreneurship sense and courage have prevailed in India for ages, it is ‘Start-up’ which has become the buzz word in todays time. According a recent report, India, today is third after the USA and UK in terms of the number of startups. Moreover, India is the youngest start-up nation with nearly 72 percent founders under 35 years of age.
Entrepreneurship culture in Vadodara is as old as the history of Vadodara. The recorded history of the city which refers to early traders dates back to the rule of Gupta Empire from 812 to 1297 AD. However, it was after the advent of the Maharaja Sayajirao III in 1875 that the city of Vadodara proclaimed to be an industrial state. In 1907, Alembic Pharma, the first modern industry was established, followed by Sarabhai chemicals and Jyoti Ltd among others. By 1960, over 300 small and large establishments were operating in the city. Bank of Baroda established in 1908 and the Baroda Mills Owners Association (now the Federation of Gujarat Industries) established in 1918 provided the much needed support to the budding entrepreneurs.
The spirit of entrepreneurship continues and today the city of Vadodara runs through the golden corridor, from Ahmedabad to Vapi occupying hundreds of enterprises.
Saluting the spirit of entrepreneurship, Navrachana University, School of Business and Law, is hosting the first ever Entrepreneurship Summit on 28-29 April, 2017.