WITH the fast development of startups and rapid growth of new technologies and innovations, the demand for entrepreneurship continues to grow. Entrepreneurs are coming from every part of the country to solve the most pressing problems faced by people in India today. Breeding the right culture for innovation that is inclusive, educational and accessible is crucial to realise the nation’s larger goals of becoming self-reliant.
What does the startup need?
Basavaraj Bommai, Chief Minister of Karnataka speaks about moving startups beyond big cities. Having witnessed the growth of startups and the continued ambitions of entrepreneurs in the state of Karnataka, Bommai hopes to see all unicorns engage in Corporate Social Responsibility (CSR) activities, stating that several already have started this. According to the Chief Minister, for a startup to be successful and scale up sustainably it must seek market opportunity, have a strong foundation and be value-driven and customer-centric. Furthermore, there should be strong leadership, the founder’s values and ambition will drive the business forward.
Abhay Singhal, Founder, InMobi states, “The only thing an entrepreneur has in their favour is the speed in which to change.” Singhal observes that while a lot has changed in the industry, the one thing that remains constant is the consumer’s aspiration to connect with technology. For a business to succeed it needs to evolve with the consumer’s requirements. A successful startup needs the vision and ambition to match the customer’s needs.
Profit-First, Funding-Second
This story is from the August 13, 2022 edition of Businessworld India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 13, 2022 edition of Businessworld India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Powerful, Peculiar Perquisites
MOST COMPANIES recognise that people are key to their success. Competition is all about the war for talent. Higher compensations can, in many cases, attract that brilliant leader or the tech genius, but a competitor may well offer even more. This race is financially draining and not really a great strategy.
Shaping The Future Of India's Infrastructure
RUPEN PATEL on the achievements of the engineering and construction major including the iconic projects rendered by it, nation building, focus on sustainable practices and much more
WHY DON'T WE SUE BRITAIN?
I WAS WORKING ON my next column for BW – on one of my favourite themes like ‘Sustainability’, ‘Inclusivity’, ‘India Shining’ etc.
LIFE AND TIMES OF A MEDIA TITAN
DD Purkayastha's autobiography captures his 42-year tryst with the ABP Group, delving into various aspects of his professional and personal experiences, as well as insights into the factors that have shaped his character and career trajectory
THE SONET STRIKES BACK
The sub-4-metre SUV segment in India has been a battlefield for automakers, each vying for supremacy with their unique propositions. With the launch of 2024 Kia Sonet, the South Korean automaker is sharpening its edges in this competitive market
SLEEK, SUBTLE, COMPACT AND EASY TO CARRY
The HP Omen Transcend 14 targets a niche market that is growing day by day. Statistically, never in history, was there a better time to launch a gaming laptop, says Deep Majumdar
Geopolitical Resilience for Indian Companies
It's in crisis that inventiveness is born, as well as discoveries made and great strategies arise. He who overcomes crisis, overcomes himself, without getting overcome. - Albert Einstein
The Sourav Ganguly Era
Lessons in Leadership from Indian Cricket - 2
Leadership Challenges Were Not This Long, Before
LEADING IN TODAY’S dynamic environment presents unprecedented challenges. The list of challenges is never-ending. They include navigating complex decisions, staying resilient, inspiring teams, staying innovative, and continually adapting to the constantly changing ecosystem.
The Supreme Court Emerges as a Net Zero Polestar
'Dharma exists for the welfare of all beings. Hence, that by which the welfare of all living beings is sustained, that for sure is dharma,' - Mahabharata (Shanti Parva 109.10)