Emphasizing on the need for successful start-ups, Shri Suresh Prabhu said, “Our government has fired the imagination of youth to unleash the spirit of entrepreneurship. Entrepreneurs must focus on the possibility of doing extraordinary things. In order to become successful, start-ups must try to identify the gap in the ecosystem, build a business model around the same and bridge the gap.”
“Entrepreneurship is about succeeding against all odds and taking advantages of opportunities. The pace of technology transition happening today will force the existing businesses to change; while it will also offer lots of opportunities for new businesses to be created. The current wave of technology that includes Artificial Intelligence, Machine Learning and Internet of Things is as fundamental as the introduction of digital computers in 1940s and 1950s and it will disrupt the way existing businesses work. Disruptions created by transition to current technology will create new businesses and hence an opportunity for start-ups to find solutions for problems”, said Shri Kris Gopalakrishnan (Padma Bhushan), Co-founder, Infosys and Chairman, Axilor Ventures.
“Since last few years, people have started focusing on self-employment rather than getting employed. Due to positive environment created by pro-government policies like early-stage funding, start-ups are finding it easier to create their own enterprise, which is heartening,” said Shri Milind Kamble, Founder Chairman, Dalit Chamber of Commerce and Industry (DICCI).