Social opinion remains a barrier for entrepreneurship in India – Live Mint

In the midlate 90s, Indian Institute of Technology (IIT) Bombay started thinking about setting up a school to encourage entrepreneurship. An infotech incubator, KReSIT, was created and funded by eminent alumni Nandan Nilekani and Kanwal Rekhi. What was the culture of entrepreneurship in India at the time Professor Deepak Phatak, professor emeritus at IIT Bombay, recently shared an interesting anecdote about his interaction with an entrepreneur looking for incubation at KReSIT.