STOCK MARKET BSE NSE

Startup Talk at iit-m’s Shaastra 2015

Infosys’ Kris Gopalakrishnan says that this is the best time for entrepreneurs to flourish

Published: 12th January 2015 06:00 AM  |   Last Updated: 09th January 2015 12:32 AM   |  A+A-

STARTUP

Though a technical festival, it was the cultural performances that captivated the audience at the recently concluded annual conference Shaastra organised by Indian Institute of Technology-Madras. Students and guests flocked in large numbers to Envisage 3.0, a techno-cultural show managed by the student committee of IIT-Madras.

The conference’s first event was the Entrepreneurship Confluence with panelists who included Anand Rajaraman, Co-Founder Junglee Corp, Sunil Handa, Professor, IIM-Ahmedabad, and Kris Gopalakrishnan, Co-Founder and Executive Vice-Chairman of Infosys who discussed topics like “Start-up Culture in India vs Abroad” and “Entrepreneurship vs Climbing the Corporate Ladder”. Saying that this was the best time for startups and India is the best place, Gopalakrishnan called for a better ecosystem to nurture startups and entrepreneurs. “Beyond laws and government policies, people should also learn to accept failures for 95 per cent of startups fail,” he remarked.

Offering his own predication of the future, Gopalakrishnan said, “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.”

Advising entrepreneurs against pooling all their money into their ventures, Gopalakrishnan urged them to look at angel investors and such. This way, risks could be mitigated, was his argument. As a reflection of his observation, he told the audience how that in a country like India, it was entrepreneurship by necessity that was taking more centrestage than entrepreneurship by, say innovation.

Rajaraman, for his part, too enthralled the audience with his observations about the startup industry. Quoting Silicon Valley, he said that now startups have moved from the valley to find concentration in billion dollar companies from China and Europe. Rajaraman stated that the recipe for success was execution and innovation, traits that Google worked on to work up the ladder, according to the Stanford University dropout.

The Shaastra Lecture Series kick-started with the lecture of Arogyaswami Paulraj, known as the father of wireless communication. He is the inventor of MIMO, the technology behind Wi-Fi and 4G communication. The Alexander Graham Bell Medal awardee’s was followed by a lecture delivered by Pawan Sinha, Professor, Department of Brian and Cognitive Sciences at Massachusetts Institute of Technology, US. shilpa.vasudevan@newindianexpress.com



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp