Innovation can happen when you find problems to solve5 years ago Saritha Keshamoni
Leisure, Artificial Intelligence, Complex Injectable and finding ways to substitute import offer next big growth opportunities
At a high powered inspirational leaders billion dollar panel discussion held at the inaugural of 12th Edition of 2 day TiE–ISB Connect 2017 with the theme “The Next Trillion – Where and How to Create’ organized at the Indian School of Business here on Thursday in Hyderabad panelist said the next set of sectors that hold big potential for billion dollars growth are AI, Leisure and Complex Injectable and finding import substitutes. For TiE–ISB Connect 2017 it was a celebration of Entrepreneurship – With over 25 Investors, 500 Entrepreneurs and 50 global experts converging at the event.
The conference opened with the launch of Masterclass by TiE and Venture East. About 150 startups gathered at the Investor Connect to pitch their ideas to 50 investors to invest in their startup and help them scale. The organizers said many of the startups are promising and have the ability to raise investor interest and funding.
The billion-dollar panel discussion that followed was equally enlightening. In his message to entrepreneurs and enterprises Srini Raju, Managing Director of iLabs and the moderator of the billion dollar panel said the focus should be finding solutions to diminish import substitution in areas such as healthcare and pharmaceutical, manufacturing of electronic equipment and mobile phones.
Answering to a question Srini Raju said investment flows to light asset class will only grow if an entrepreneur has the ability to convince investors about their business potential and create a smooth exit route.
At the discussion, Dean of ISB Rajendra Srivastava talked about finding the pain points of consumers today. He said only if we are able to find problems around us innovation will happen.
Answering questions after the panel discussion on how Asian Paints company grew from ₹1,000 crore turnover to ₹1.1 lakh crore company in 25 years past president (HR) of Asian Paints and a successful entrepreneur Jalaj Ashwin Dani said the success of the brand was due to functional and on ground understanding what the supply chain pain points, customers tastes in the paints sector including big thrust on human capital.
Mahima Datla Managing Director of Biological E while talking about her learning in the company and dealing with roadblocks as the company grows said some of the areas that hold big potential in her sector were Artificial Intelligence and Complex Injectable.
In his keynote address, Rajiv Kumar of Microsoft shared the success of the productive smartphone integrated Chat App Kaizala, which was the result of extensive interaction with people in several nations including travel to tie 2 and Tier 3 areas and their 2 years of research to understand the customers’ needs to make their smartphones productive.
Pradeep Mittal, The President of TiE Hyderabad & CEO of GreatFour Systems Inc said,” TiE has completed 25 years of its existence globally and for 18 years TiE Hyderabad has impacted around 3000 startups and startup entrepreneurs since inception, this alone was a reason to make this event larger in all ways possible.”
TiE ISB Connect encouraged startups to tap potential sectors like, rural economy, Infrastructure landscapes, technology enablers like IoT, AI, Blockchain, Analytics, and Wealth Security, which will, in turn, help the country in churning out the next trillion.
TiE ISB Connect 2017 saw prominent investors like Kalaari Capital, Endiya Partners, Venture East, Your Nest, NRI Startup India, 50K Ventures, Indian Angel Network, Ankur Capital, Ideaspring, Naya Ventures, Parampara, Kalaari Capital, Endiya Partners, Hyderabad Angels, Unitus Seed Fund, Anthill Ventures, 1crowd.co et al. The event was well received with flooding inquiries and ongoing registration.