Deshpande Foundation Founder and serial entrepreneur Gururaj ‘Desh’ Deshpande has asked “small private groups” to innovate with the help of philanthropic money and build models that can be adopted by the government.
“We should not expect governments to innovate and spend energy on innovation. Instead, small private groups with philanthropic money should innovate and the government should adopt and implement such innovations,” he said.
Development Dialogue
He was addressing the keynote session on ‘Collaborating for Big Bets’ at the Development Dialogue 2018 of the Kakatiya Sandbox in Nizamabad on Saturday.
The annual event was attended by more than 600 delegates, speakers, leaders, farmers, social entrepreneurs and students.
Phanindra Sama, the Chief Innovation Officer of the Telangana government and co-founder of Kakatiya Sandbox, said the governments are now open to innovative ideas. “The onus is on the individuals to seize this opportunity and make an impact from within,” he said.
Mass transport projects
Hyderabad Metro Managing Director NVS Reddy said that only four out of more than 200 mass transportation projects in the world were making profits.
“When we took up the Hyderabad Metro Project under the public-private partnership (PPP) model, naysayers were sceptical about its success. We proved them wrong,” he said.
The event marked the launch of The Indus Entrepreneurs (TiE) Nizamabad chapter to boost the local entrepreneurial ecosystem.
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