February 2015

Mohammad Anas Wahaj | 20 feb 2015

Government of India's Union Budget 2015-16 is now just around the corner and business community is eagerly awaiting to find out what is in it for them. India's entrepreneurial ecosystem is evolving and going through structural shifts with incubators, accelerators, angel funds, startups, entrepreneurs etc getting more attention then before. The new generation of startup successes is inspiring young entrepreneurs to get into the startup mode. Moreover government itself has shown its commitment through Prime Minister Narendra Modi's 'Make in India' and 'Digital India' concepts. Also last year Finance Minister Arun Jaitley himself announced the setting up of Rs. 10000 Crore fund for startups and small & medium enterprises (SMEs). V. Shankar, mentor & investor with Chennai Angels, says 'The good news is that start-ups are on the budgetary radar, and we hope that all the above and more promotional measures are put into place to generate a vibrant start-up culture.' Dipti Gore, co-founder of Techstory.in, lists and explains some of the expectations that startups and entrepreneurs have from the government - (1) Specifics of the Rs 10,000 crore startup fund declared by the government. (2) Favorable taxation environment for startups. (3) Elimination of Angels Tax. (4) India's low ease of doing business ranking of 62 out of 125 countries, is a cause of concern for businesses, particularly for entrepreneurs as the speed to launch an idea into business is a critical element of their success. Administrative aspects of doing business have to be optimized in favor of startups. Read on...

Techstory.in: What Startups expect from Budget 2015?
Author: Dipti Gore

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Mohammad Anas Wahaj | 14 feb 2015

Entrepreneur mindsets are key to create innovative and thriving businesses. India's entrepreneurial ecosystem is in its formative stages to attract young minds and provide them with tools, skills, environment and market to succeed in both technology and non-technology businesses. Chirag Kulkarni, serial entrepreneur and CEO of C&M Group, has interacted with around 500 founders who are building startups and noted some often repeated beliefs that seem to be a cause of concern. According to him the following 5 mindsets have potential to hinder the progress of Indian startups - (1) We can't do anything unless a VC invests in us. (2) I need to follow an existing model of success. (3) We can't build a successful company, unless we move to Silicon Valley. (4) Screw marketing, business development, culture, and anything other than engineering, sales, and operations. (5) We don't have the potential to be a billion dollar company. Read on...

VentureBeat: 5 mindsets that may hinder Indian startup success
Author: Chirag Kulkarni

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Mohammad Anas Wahaj | 14 feb 2015

'Startup Village', founded in 2012 in Kochi (Kerala), is India's first Public Private Partnership (PPP) technology business incubator jointly promoted by the Department of Science and Technology, Government of India, Technopark and MobME Wireless. According to Mayor of Menlo Park, Catherine Carlton, 'We are extremely impressed by the talent of the youngsters here as well as by the kind of support that the government is extending. We will be very pleased to welcome selected start-ups, possibly 100 companies this year, to Silicon Valley and provide them an opportunity to expand and grow their business there'. She was here to sign a twin city agreement with Kochi Mayor Tony Chammany to boost partnerships between Menlo Park and Kochi. Sanjay Vijayakumar, Chairman of Startup Village, said 'We aim to boost Landing Pad, a project supported by the Kerala Government at the Silicon Valley, through this new tie-up. Read on...

IBNLive: 100 Indian tech startups may get to learn 'how to build a billion dollar company' in Silicon Valley
Author: NA

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Mohammad Anas Wahaj | 04 feb 2015

Entrepreneurs and entrepreneurship are important constituents of the business ecosystem and play an important role to build a thriving economy. Entrepreneurs take risks and channelize resources to create products and services, and develop businesses and organizations taking them in the direction they consider would generate profits for the stakeholders. Entrepreneurs need skills, both inherent and acquired, to build lasting and successful businesses. A. K. Mishra, Founder and Director of 'Art of Success', provides set of specific skills for entrepreneurs to succeed in a competitive and dynamic business environment - (1) Creativity (2) Teamwork and Determination (3) Functional Knowledge of Business (4) Risk-Taking Capability (5) Patience. Read on...

The Financial Express: Entrepreneurship skills required for 2015
Author: A. K. Mishra

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