Empowering MSMEs with News & Insights

Four out of five Bangaloreans have a ‘Game Changing Business Idea’, but many do not know where to network and nurture them: Report

Updated: Sep 06, 2018 09:29:58am
image

Four out of five Bangaloreans have a ‘Game Changing Business Idea’, but many do not know where to network and nurture them: Report

New Delhi, Sept 6 (KNN) Majority of Bengaluru people have had at least one game changing innovative business idea which could transform India’s work or leisure life, but one out of three does not know of a place in the city where they can network with like-minded people and mentors, and nurture their ideas, according to survey report.

Samsung Electronic conducted small survey across Bengaluru to gauge the issues faced by young budding entrepreneurs in shaping their ideas and found that 81% respondents have idea to shape the India destiny but do not have direction.

When asked what they thought defines the character and nature of Bengaluru, respondents pointed out to the city’s startup culture, innovation and R&D, technology business as well as its art and culture and heritage buildings, highlighting the diversity of the city, especially its millennial who are looking for interesting experiences in the city.

While some of the respondents pointed city’s heritage buildings and architecture, which is a mix of colonial and art deco buildings spread across the city, defined its character.

Almost four in five of the millennial said they have rarely ever notice heritage buildings in the city when travelling within the city.

A sizeable 77% of millennial and 63% of non-millennial say they would want to restore heritage buildings and see them being converted into public spaces for art, culture and other events around technology and startups to hone the dreams of its residents. Most respondents felt the city currently has a shortage of such spaces.

These millennial and non-millennial alike want heritage buildings across the city to be restored, development of more art and culture venues in the city and greater number of parks and outdoor spaces to be created for recreation, again highlighting the fact that people of the city crave public spaces and care for its culture and heritage.

These aspects are something that the rapid growth of the city as the technology centre of India may have ignored over the years.

Commenting over the survey findings, Senior Vice President, Mobile Business, Samsung India, Mohandeep Singh, said “Bengaluru is India’s undisputed tech hub. As the information technology business has grown over the years, it’s also acquired the moniker of India’s startup capital. No wonder 81% of Bangaloreans say they have at least one game changing idea in our survey.”

 But we found that while technology might be centre stage, the city has a heart. The city loves its art, culture, which is why they want to save heritage buildings and turn them into beautiful venues for concerts, museums and public spaces for art and culture. They also seek more venues for networking creative and business ideas they have, he added.

COMMENTS

    Be first to give your comments.

LEAVE A REPLY

Required fields are marked *