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A vibrant information, communication and technology (ICT) ‘start-up’ ecosystem is required in Tamil Nadu to foster entrepreneurship among the youth, according to R. Chandrasekaran, Group Chief Executive of Technology and Operations, Cognizant Technology Solutions.
“We can see the urge in the youth to become entrepreneurs. We should tap that urge and channel them in the right direction” with incubation centres supported by funding, he told Business Line .
Chandrasekaran, who is also the Chairman for Connect 2013, an annual ICT event organised by CII to be held in the city next week, said “we want to kindle the creation of the start-up ecosystem,” at the event, he said. Angel funds and venture funds have initiated the process in India. Bangalore took the lead followed by National Capital Region and will see things happening in Chennai too, he said.
The State Government should set up more incubation centres similar to IIT Research Park in smaller cities. Innovative ideas need not always come from Chennai or Coimbatore, , he said.
The potential for start-ups is huge. For instance, newer technologies like the social media, analytics and cloud (SMAC) stack throw up opportunities for budding entrepreneurs with an innovative mindset. A person with a bright idea can start a new company and be very successful because the demand for those services is there. These are new technologies and it is not that somebody has already taken a lead over others.
The annual Connect events in the past 13 years have played a vital role in the development of ICT in the State. This includes the creation of the IT corridor and the Knowledge and Industry Township, he said.
The 12th edition of Connect will be held on September 24 and 25 at the Chennai Trade Centre. The theme of the two-day conference and exhibition is - “Towards Scaling New Frontiers in ICT.”
Session highlights include Emerging SMAC technologies; panel discussions on start-up ecosystem in Tamil Nadu and future of ICT; policies and frameworks.
CII Connect 2013 Entrepreneurs Awards will be presented to industry leaders.
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