Recently Indian Institute of Technology-Madras organized a startup talk in their annual event Shastra. The agenda of this talk was to discuss the topics like “Start-up Culture in India vs Abroad” and “Entrepreneurship vs Climbing the Corporate Ladder”. Outstanding personalities, likes of Kris Gopalakrishnan, Co-Founder and Executive Vice-Chairman of Infosys, Anand Rajaraman, co-Founder Junglee Corp and Sunil Handa, Professor, IIM-Ahmedabad graced the event with their presence.
One of the motive of the event was also guiding young minds towards the right direction. Arogyaswami Paulraj, the father of wireless communication and the inventor of MIMO, the technology behind Wi-Fi and 4G communication, kicked off the event with his lecture.
Gopalakrishnan, who is also an alma mater of IIT-M said “India has always been a great place for opportunities and right now it’s booming at a much faster pace than ever, also this is the best time for startups.” Calling for a better ecosystem to nurture startups and entrepreneurs, Gopalakrishnan added “Beyond laws and government policies, people should also learn to accept failures for 95 percent of startups fail,”
Senapathy Gopalakrishnan, popularly known as Kris Gopalakrishnan also advised entrepreneurs against pooling all their money into their ventures, instead looking for an investor is a better option as risk is lowered and so is the burden. He also gave his predictions for the future, “Every industry, including the likes of automobile, healthcare, finance, and others will be re-engineered and see a change in the next two-three decades, in turn, offering good potential for startups in the country”
Rajaraman, an MS and a PhD in Computer Science from Stanford University and also an alumnus of IIT-M stated that “appropriate planning, innovation and execute, that’s what builds a great and successful platform “.
What’s more in coming days?
The most nearest would be Global Entrepreneurship Summit 2015, going to be organized at IIT Kharagpur campus by its entrepreneurship cell in between 16 to 18 January this month. The summit will consist of guest lectures from established personalities, workshops, panel discussion in presence of experienced entrepreneurs, investors and venture capitalists and Hackathon. For more details on registration kindly visit the website.
Next would be The Entrepreneur summit 2015, going to be organized by E-Cell, IIT-Bombay on 31st this month. It will be a two day event which is expected to draw young and budding entrepreneurs from all over the country to compete for recognition and prizes worth INR 4.5 lacs. The sole purpose of this event is to promote entrepreneurship at all levels that can help boost the country’s economy. Individuals, entrepreneurs and students, everyone can participate with a prior registration and if you register before 15 January you can save some money too. For more details, kindly visit the website.
Also Entrepreneurship Development Cell (eDC), IIT Delhi will be organizing it’s flagship event, Startup Showcase Competition 2015 on the 8th of march. It will be a 3-tier competition with an aim of providing opportunities to budding ventures and young entrepreneurs to showcase their startups to top mentors and investors from India and abroad.
“Being entrepreneurship enthusiasts ourselves, we firmly believe that a startup cannot be judged in one day, and hence the competition is more of a process rather than a single event, spanning a period of three months” eDC tells.
Winners will be awarded prizes worth over 15 lacs along with an enticing trip to The Silicon Valley. For more details about registration and all, kindly visit the website.
Possibilities and opportunities for startup world is growing day by day in the country and IITs, the most premier institutions of the country are leading the mission resulting in a very competitive pace at which Indian startup culture is booming which is being admired by the whole world.