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The Indus Entrepreneurs (TiE) global mentors have arrived in Hubli to help kindle entrepreneurial spirit.
The Hubli chapter of TiE held ‘Biz Plan Presentation’ session which provided opportunity to three local companies – Sankalp Semiconductors, Nextgen Album and Spandana Copper Conductors to present their plans.
The session was chaired by Gururaj Deshpande (‘Desh’ Deshpande) an Indian American venture capitalist.
Addressing entrepreneurs, Deshpande said, “One should make use of TiE Network effectively to learn from successful entrepreneurs. The network works as a resource centre for the local entrepreneurs to utilise and build their organization.”
Hemang Dave, a venture capitalist shared his entrepreneurial journey and VC experience. He said India is the right place to start the business at present.
“The only difference between entrepreneurs and ordinary people is that the entrepreneur implements the idea and converts it into a business, while ordinary people just spend time by thinking on the ideas. Entrepreneurial journey is hard for both genders and it is not gender oriented,” he added.
Others who are part of the mentoring are Sushil Vachani, professor of strategy and innovation at Boston University’s School of Management and Raj Melville, an executive director at the Deshpande Foundation, who develops overall strategy, and channels the efforts to encourage innovation.
On the theme ‘Current business: How to scale up,’ business plan presentations were made by Prabhat Aggarwal of Sankalp Semiconductors. Vijay Mane of Nextgen Album Designs and Prasant Yadav of Spandana Copper Conductors spoke about the company’s challenges in Hubli.
According to Naveen Jha, president of TiE Hubli Chapter and CEO of Deshpande Foundation, India, the objective of holding the event is to provide opportunity with the objective of stimulating and nourishing entrepreneurial spirit in small towns.
The entrepreneurs have mentored many start-ups to grow aggressively in their respective sectors and all are very active in various TiE chapters globally, he added.
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