ICC India Startup Week Emphasised On Role of EdTech and Academia in Entrepreneurship Building & Startup ecosystem
“Academia has a good role in motivating the entrepreneurial culture in India” ~ Mr. Rounaque Mustafa, CEO, IIML Enterprise Incubation Center (IIML-EIC)
6th October 2021, Kolkata: Day 3of ICC India Startup Week opened with a robust pitching session from firms like Everform Pvt. Ltd, Arkision AI, Tiffillo Pvt. Ltd., Earth & Pots, SUPOSHOP, Protionix Technology Private Limited, Bookyberg Private Limited, Mati Farms Private Limited, Davik Food And Beverages Private Limited, Sarvagun Sampanna Private Limited, Odisha fish marine exports Pvt. Ltd, Sarala Powertech Consulting Engineers Llp, Villamart Pvt. Ltd., HAASTIKA, Bariflo Labs Private Limited, Enigma Motors, UpStage, Magicwall, Machphy Solutions, Negotrip Pvt. Ltd., Yarev Technology Private Limited, Ewarn System Private Limited, Ilashbati Services Pvt Ltd -Hire An Hour, Shubhalaxmi Future Solutions OPC P Ltd.
Speaking at the session Mr. Karanvir Singh, Founder & CEO at Pariksha opined “The startup ecosystem in India has never been so vibrant before”. He suggested that there is a boom in the start up ecosystem as educational environment is also conducive towards it. He mentioned that many prototypes should be brought into practice and commercialized and that could give the environment of Start ups a more competitive edge.
Mr. Rounaque Mustafa, CEO, IIML Enterprise Incubation Center (IIML-EIC) added that competence development and talent development are also done by academia as leading an organisation needs competence. He said, “Institutionally a mammoth change is required”. He suggested that IIMs and IITs need to come together and create great entrepreneurs who will have knowledge of both technology and business. He also pointed out that 90 % of Start ups are funded by corporates. Termed as corporate venturing, these typically look for innovative ideas and also build good prototypes.
Mr. Tarun Chaturvedi, Program Director- Citibank Social Innovation Lab SIIC mentioned in the session that academic incubators can deliver fundamental research which gives good start up oriented results. The entrepreneurial spirit usually gets germinated during the academic years. He said, “The 1991 liberalisation policy of India has acted as a big way in boosting the entrepreneurial mindset in India.”
Mr. Subhajit Roy, Co-founder and Director- Krishworks Technology pointed out, “Knowledge is power and it is the main thing that drives Start ups and the hunger of knowledge that encompasses entrepreneurs is the blessing of academics.” He also said “Entrepreneurship is a journey, right from an idea to formulating it into a prototype to commercializing it, it is a marathon journey”. He added that current institutions have a lot of role to play in that Marathon journey of an entrepreneur.
The third day of the event witnessed another powerpacked panel discussion on “Why is India the land of Unicorns? Mr. Abhishek Rungta, Co- Chairperson, ICC Nexxt chaired that panel and was attended by Mr. Ashneer Grover, Co-Founder & MD BharatPe and Mr. Aman Gupta, Co-Founder & CMO boat Lifestyle.
Two consecutive presentations followed the panel discussions, the first one on Meghalaya State by Mr. Ram Mohan Mishra, Chairman, Meghalaya State Investment Promotion Board. The second presentation was a country presentation by Ms. Olga Kulikova, Business Ambassador for “Business Russia to India”. The programme ended with a Masterclass on “How to create a winning pitch? by Mr. Sanjay Mehta, Founder & Partner, 100X.VC.