Today's start-up entrepreneurs have to do everything correct first time
Updated: Mar 19, 2014 04:38:32pm
New Delhi, Mar 19 (KNN) In today’s competitive environment, new entrepreneurs particularly high risk start-ups with innovative business models, cannot afford to make any mistakes. This was the unanimous opinion at the focused group discussion (FGD) organised by FISME on developing an eco- system for providing non-financial supports to the start – ups and innovative businesses.
The FGD was part of the study on “Mapping of non-financial gaps in Innovation / start-up clusters of Mumbai, Delhi and Bangalore” being conducted by FISME on behalf of SIDBI the dedicated bank for the micro, small and medium sector.
Leading experts on innovation, incubators, venture capital funds, research organisations, academia as well as start – up entrepreneurs and leaders of the MSME sector participated in the discussions.
Joining over video-conference, vice Chairperson of National Innovation Foundation, Anil K Gupta, highlighted strategic issues like developing a roll-out plan, defining the last mile of the product, disaster management etc where expert guidance is needed by a start- up for survival.
The start – up entrepreneurs joining the discussions talked about the expert guidance needed in satisfying regulatory requirements like company registration, taxation etc.
Dinesh Singhal and Neeraj Kedia, both entrepreneurs of long standing and past Presidents of FISME, spoke of the essentiality of doing everything correct first time and every time for survival in the market place and stressed on the need for expert support to the start-ups for taking correct decisions.
Representatives of the VC funds, incubators and academia were unanimous on fine-tuning of the government schemes for supporting techno- preneurs so that they are user friendly and available on time.
The meeting recommended launching of a virtual eco- system for supporting the start-ups and innovative businesses where business development services providers will be available and will offer expert advice at affordable cost. (KNN/DB)
The FGD was part of the study on “Mapping of non-financial gaps in Innovation / start-up clusters of Mumbai, Delhi and Bangalore” being conducted by FISME on behalf of SIDBI the dedicated bank for the micro, small and medium sector.
Leading experts on innovation, incubators, venture capital funds, research organisations, academia as well as start – up entrepreneurs and leaders of the MSME sector participated in the discussions.
Joining over video-conference, vice Chairperson of National Innovation Foundation, Anil K Gupta, highlighted strategic issues like developing a roll-out plan, defining the last mile of the product, disaster management etc where expert guidance is needed by a start- up for survival.
The start – up entrepreneurs joining the discussions talked about the expert guidance needed in satisfying regulatory requirements like company registration, taxation etc.
Dinesh Singhal and Neeraj Kedia, both entrepreneurs of long standing and past Presidents of FISME, spoke of the essentiality of doing everything correct first time and every time for survival in the market place and stressed on the need for expert support to the start-ups for taking correct decisions.
Representatives of the VC funds, incubators and academia were unanimous on fine-tuning of the government schemes for supporting techno- preneurs so that they are user friendly and available on time.
The meeting recommended launching of a virtual eco- system for supporting the start-ups and innovative businesses where business development services providers will be available and will offer expert advice at affordable cost. (KNN/DB)
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