Kochi: Giving a thumbs-up to India’s first telecom incubator – Startup Village, legendary angel investor from Silicon Valley, Esther Dyson has termed it as the right initiative that can fill the gap India is experiencing in entrepreneurship. “India has huge shortage of entrepreneurial or real business experience and incubators like Startup Village would fill that gap. To tap into the opportunities of this decade, we need new ideas and the best way of doing that is by creating successful start-ups,” she said, while interacting with the budding entrepreneurs at Startup Village here on Sunday.
Esther, who was instrumental in turning over 150 start-ups like Flickr, Del.icio.us, Google (through venture fund), and Evernote into game changers, not just gave a pep talk to the young talents, but also was highly impressed by a few start-ups at the incubator. She is also the chairperson of Global Agenda Council on Fostering Entrepreneurship of the World Economic Forum.
“Start-ups should have ability to offer what customers want in the real world and I preferred start-ups with many entrepreneurs, rather than having just one single boss, while choosing to invest and failure was a part of risk”, added Esther while sharing her experience in angel investing with many ventures.
Start-ups, including social media start-up #nwplyng, by Utsav Aggarwal, made an impression on Esther and she felt that some of the ideas had much better chances of success if they were in the Silicon Valley. The investor who is also on board of WPP was impressed by the portfolio of design studio, Wowmakers. “She liked our variety of designs and has agreed to put us in touch with the WPP India team”, said Vivek Raghavan, CEO, Wowmakers.
Arjun Pillai of Profoundis, Kalladil Kalidasan of Mindhelix and the final year group of students from Sahridaya Engineering College, Thrissur were amongst the teams which had an opportunity to interact with Ms Dyson.
Earlier in the day, there was a brain-storming session on bringing global best practices to Startup Village between Ms Dyson and the Startup Village management. “Esther really liked the concept of bringing technology exposure through Innovation Zones,” said Sanjay Vijayakumar, Chairman of Board of Governors, Startup Village. “She spent time at the Rubus Zone set up by Blackberry. She has also asked us to scale up offerings to start-ups as part of incubation process like shared design teams, sales teams and communication training for CEOs, which are really required but not provided in current incubators in India.”
Kerala IT News