Young Tech En­trepreneurs

FICCI Business Digest - - Front Page -

t a time when the startup

in In­dia is in an over­drive in the last cou­ple of years, there has been a con­certed ac­tion with a new breed of risk-tak­ing, en­tre­pre­neur­ial tal­ent com­ing out, want­ing to start some­thing of their own in­stead of opt­ing for lu­cra­tive jobs. In­vestor in­ter­est, too, has kept pace adding the much-needed cap­i­tal a startup needs to take shape.

While there is enor­mous in­ter­est among young en­trepreneurs in In­dia who are keen to ride the new wave and set up new ven­tures in IT, many are be­ing thwarted by reg­u­la­tions that are stymieing their de­vel­op­ment. While fall­ing costs of tech­nol­ogy and a favourable de­mand en­vi­ron­ment lure thou­sands of young­sters ev­ery year into en­trepreneur­ship, ar­chaic rules and re­stric­tions limit their abil­i­ties, ham­per­ing the ef­forts in cre­at­ing a fer­tile ground for star­tups to blos­som.

To pro­mote In­dian en­trepreneur­ship the FICCI Young Lead­ers, a fo­rum to in­fuse change, rel­e­vant to the new age, has come up with a unique ini­tia­tive, the 'Young Tech En­trepreneurs' to build a ro­bust plat­form that en­cour­ages ideas ex­change and col­lab­o­ra­tion for young en­trepreneurs un­der the age of 45 years. The idea is to share ex­pe­ri­ences, net­work and en­gage with men­tors with the ob­jec­tive of in­creas­ing the growth tra­jec­tory of their busi­nesses. It is a plat­form to dis­cuss and un­der­stand busi­ness is­sues and chal­lenges and pro­vide valu­able in­sights.

The ob­jec­tive is to help emerg­ing tech­nol­ogy com­pa­nies ac­cel­er­ate scal­ing up of their busi­nesses by pro­vid­ing a plat­form through day long work­shops on a quar­terly ba­sis with par­tic­i­pa­tion from young CEOs, en­trepreneurs and industry lead­ers for: & Ideation

Shar­ing

Some of the top­ics that would be cov­ered, amongst oth­ers: Cus­tomer ac­qui­si­tion, op­er­a­tional is­sues, scal­ing up is­sues, build­ing the right sales force, tech­no­log­i­cal shifts.

Get­ting the right peo­ple, right struc­ture for the size of the com­pany, in­cen­tive plans, get­ting a good board in place.

Reg­u­la­tory/im­mi­gra­tion bill im­pact, for­eign ex­change volatil­ity and hedg­ing.

M&A, strate­gic tie ups, joint ven­tures, ex­ter­nal cap­i­tal, IPOs. Func­tional ar­eas or tar­geted niches.

Bos­ton Con­sult­ing Group (BCG) will be com­ing with a joint pub­li­ca­tion with FICCI that be­comes the industry de­fault recog­ni­tion plat­form for up­com­ing emerg­ing IT com­pa­nies in In­dia.

Un­der the men­tor­ship of Shiv­in­der Mohan Singh, Ex­ec­u­tive Vice Chair­man, For­tis Health­care Ltd., the 'YTE' ini­tia­tive is be­ing spear­headed by Sanjay Kukreja, Mem­ber, FICCI Young Lead­ers & Man­ag­ing Di­rec­tor, Nuvo Chryscap­i­tal Ad­vi­sors Pvt. The first YTE work­shop was or­gan­ised on May 15, 2014 in New Delhi, with the par­tic­i­pa­tion of 25-30 CEOs of emerg­ing IT com­pa­nies.

Some of the prom­i­nent industry lead­ers who will be shar­ing their ex­pe­ri­ences in the up­com­ing work­shops are Su­la­jja Firo­dia Mot­wani, Chairperson, FICCI Young Lead­ers (FYL) & Vice Chairperson, Ki­netic En­gi­neer­ing Ltd.; Shaifa­lika Panda, Co-chairperson, FICCI Young Lead­ers (FYL) & Chief Ex­ec­u­tive Of­fi­cer, Ban­sid­har & Ila Panda Foundation (BIPF); Vi­neet Na­yar, former Chief Ex­ec­u­tive Of­fi­cer, HCL; Neeraj Aggarwal, Se­nior Part­ner & Di­rec­tor, Bos­ton Con­sult­ing Group; Salil Parekh, Chief Ex­ec­u­tive Of­fice, Ap­pli­ca­tion Ser­vices, Capgem­ini; Kishor Patil, Co-Founder & Chief Ex­ec­u­tive Of­fi­cer, KPIT Tech­nolo­gies; Kaushal Aggarwal, Co-Founder, Aven­dus In­vest­ment Bank and Bhav­tosh Va­j­payee, Man­ag­ing Di­rec­tor, Eq­uity Cap­i­tal Mar­kets, Bar­clays. lCol­lab­o­ra­tion lIn­sights lEx­pe­ri­ence lNet­work­ing lMen­tor­ing

Mar­ket de­vel­op­ment ori­ented:

Or­gan­i­sa­tional is­sues:

Busi­ness is­sues that im­pact the au­di­ence:

Fi­nance:

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Knowl­edge part­ner:

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