As I mentioned in my Conference Chair message, India will become the world’s 5th largest economic power in 2018, overtaking France & the UK, thanks to its focus on human potential and entrepreneurial development. India could become the world’s 3rd largest economic power in 2030 if its continued growth, success and evolution stays focused on human beings and social entrepreneurship.
I wish great success to this International Conference and I am eager to learn more about your achievements through the different lectures and presentations that we will be hearing about today.
First and foremost I would like to address my gratitude to Professor Hafeez Basha for inviting me to attend and chair this international conference.
When we met last year, you inspired me, dear Professor, with your real values combining vision and actions.
Today, we inaugurate the international Conference on Entrepreneurship and Technology in Hyderabad, in anticipation of the Franco-Indian Education Summit in Delhi in a few days co-chaired by Prime Minister Modi and French President Macron.
Education, Entrepreneurship and Technology are deeply connected.
I would like to quote Jacques Ma, the founder of Ali Baba who lectured in Davos in Switzerland few weeks ago during the World Economic Forum. He said that in 2030, 800 million human jobs will be replaced by robots. It is important therefore that our education system should be based not only on knowledge, but on the skills which give humans superiority over robots. If we continue educating the youth to compete with robots, we will lose the battle and our youth will struggle more and more to find jobs and build careers.
What are the skills that robots can never learn? Team spirit, Art, Intercultural behavior, Human values, creativity, and Soft skills including attitude, public speaking, critical thinking, and more.
On the other hand, and since our main topic in the conference is Entrepreneurship and Technology, I would say that as an educator coming from a University and Entrepreneurial background, the main link between these two worlds is INNOVATION.
In a recent paper published by Farnam Jahanian, Interim President at Carnegie Mellon University, he notes that universities and colleges are driving Innovation in 4 ways. At The American Business School of Paris, we are in line with this observation.
- Nurturing Entrepreneurship. Instilling entrepreneurial skills in students by providing opportunities to launch their ideas and businesses as part of their academic curriculum, bringing innovation to the university, to society and to the economic growth of their home countries.
- Encouraging collaboration with the private sector. The time when universities evolved separately from the corporate community is over. Nowadays, partnerships between universities and the private sector are beneficial for both sides, and enable sharing innovations and ideas by the students with companies, and vice-versa
- Promoting diversity and inclusion. How can we innovate if intercultural differences are not considered building blocks in our growth? Diversity is a source of wealth in education and business, and our goal is to put people with different cultural backgrounds together, all working towards the same objective.
- Connecting Technology and Society. Of course, there is no guarantee that technology will automatically benefit humanity. Here, perhaps, lies the greatest responsibility that today’s universities must embrace. In the digital revolution, it is up to us to provide the ethicists, artists, philosophers, entrepreneurs, managers, and economists who can point the way, draw a map, and develop & manage a business.”