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    Shivani
    Kiran Mazumdar-Shaw faced many challenges as a female entrepreneur starting her biotech company Biocon in India in the 1970s. She had difficulties obtaining funding from banks who did not take her business model seriously as a young woman. She struggled to find qualified employees to hire. Building a biotech business also posed technological challenges due to India's poor infrastructure at the time. However, she persevered and within a year Biocon was exporting enzymes to the US and Europe, becoming the first Indian company to do so. The government now has several schemes to support women entrepreneurs including Mahila E-haat, Beti Bachao Beti Padhao, and hostels and grants for working women.

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    Kiran Mazumdar-Shaw faced many challenges as a female entrepreneur starting her biotech company Biocon in India in the 1970s. She had difficulties obtaining funding from banks who did not take her business model seriously as a young woman. She struggled to find qualified employees to hire. Building a biotech business also posed technological challenges due to India's poor infrastructure at the time. However, she persevered and within a year Biocon was exporting enzymes to the US and Europe, becoming the first Indian company to do so. The government now has several schemes to support women entrepreneurs including Mahila E-haat, Beti Bachao Beti Padhao, and hostels and grants for working women.

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    Kiran Mazumdar-Shaw faced many challenges as a female entrepreneur starting her biotech company Biocon in India in the 1970s. She had difficulties obtaining funding from banks who did not take her business model seriously as a young woman. She struggled to find qualified employees to hire. Building a biotech business also posed technological challenges due to India's poor infrastructure at the time. However, she persevered and within a year Biocon was exporting enzymes to the US and Europe, becoming the first Indian company to do so. The government now has several schemes to support women entrepreneurs including Mahila E-haat, Beti Bachao Beti Padhao, and hostels and grants for working women.

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    20 views2 pages

    Envd

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    Shivani
    Kiran Mazumdar-Shaw faced many challenges as a female entrepreneur starting her biotech company Biocon in India in the 1970s. She had difficulties obtaining funding from banks who did not take her business model seriously as a young woman. She struggled to find qualified employees to hire. Building a biotech business also posed technological challenges due to India's poor infrastructure at the time. However, she persevered and within a year Biocon was exporting enzymes to the US and Europe, becoming the first Indian company to do so. The government now has several schemes to support women entrepreneurs including Mahila E-haat, Beti Bachao Beti Padhao, and hostels and grants for working women.

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    of 2

    Name – shivani gupta

    Roll no.- 19/fms/mba/015

    Assignment - 8

    1. Some background – About her & Business


    2. The Pull & Push Factors that she became an entrepreneur
    3. Challenges faced by her
    4. The Govt. Schemes available for women

      Kiran Mazumdar-Shaw
    Kiran Mazumdar was born on 23 March 1953 in Pune, Maharashtra state,to Bengali parents.
    She was educated at Bangalore's Bishop Cotton Girl's High School, graduating in 1968. She
    then attended Mount Carmel College, Bangalore, a women's college offering pre-university
    courses as an affiliate of Bangalore University. She studied biology and zoology, graduating
    from Bangalore University with a bachelor's degree in zoology in 1973. Mazumdar hoped to
    go to medical school, but could not obtain a scholarship.

    Her father, Rasendra Mazumdar, was the head brewmaster at United Breweries. He suggested
    that she study fermentation science, and train to be a brewmaster, a very non-traditional field
    for women. Mazumdar went to Ballarat College, Melbourne University in Australia to study
    malting and brewing. In 1974, she was the only woman enrolled in the brewing course and
    topped in her class. She earned the degree of master brewer in 1975.
    She worked as a trainee brewer in Carlton and United Breweries, Melbourne and as a trainee
    maltster at Barrett Brothers and Burston, Australia. She also worked for some time as a
    technical consultant at Jupiter Breweries Limited, Calcutta and as a technical manager at
    Standard Maltings Corporation, Baroda between 1975 and 1977. After a brief period as a
    trainee manager at Biocon Biochemicals Limited, of Cork, Ireland, to learn more about the
    business, Kiran Mazumdar Shaw returned to India. She started Biocon India in 1978 in the
    garage of her rented house in Bengaluru with a seed capital of Rs. 10,000. Although it was a
    joint venture, Indian laws restricted foreign ownership to only 30% of the company. The
    remaining 70% belonged to Kiran Mazumdar Shaw.

    CHALLENGES:-
     However, when she investigated the possibility of advancing her career in Bangalore or
    Delhi, she was told that she could not be hired as a master brewer in India because "It's a
    man's work. She began to look abroad for opportunities and was offered a position in
    ScotlAND.
    Initially, she faced credibility challenges because of her youth, gender and her untested
    business model. Funding was a problem: no bank wanted to lend her money, and some
    required her father be a guarantor. A chance meeting with a banker at a social event finally
    enabled her to get her first financial backup. She also found it difficult to recruit people to
    work for her start-up. Her first employee was a retired garage mechanic. Her first factory was
    in a nearby 3,000-square-foot shed. The most complicated piece of equipment in her lab at
    that time was a spectrophotometer. Moreover, she faced the technological challenges
    associated with trying to build a biotech business in a country with poor
    infrastructure.Uninterrupted power, superior quality water, sterile labs, imported research
    equipment, and workers with advanced scientific skills were not easily available in India at
    the time.
    The company's initial projects were the extraction of papain (an enzyme from papaya used to
    tenderize meat) and isinglass (obtained from tropical catfish and used to clarify beer). Within
    an year of its inception, Biocon India was able to manufacture enzymes and export them to
    the U.S. and Europe, the first Indian company to do so.At the end of her first year, Mazumdar
    used her earnings to buy a 20-acre property, planning to expand in future.

    GOVERNMENT SCHEMES:-

    1. Mahila E-haat
    2. Beti Bachao, Beti Padhao
    3. One Stop Centre Scheme
    4. Working women hostels
    5. Swadhar Greh
    6. STEP
    7. Nari Shakti Puruskars

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