Young Tech Entrepreneurs
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
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:
Business issues that impact the audience: