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TiE Entrepreneurial Summit 2008 kicks off in Bangalore
By siliconindia
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Wednesday, 17 December 2008, 01:31 IST |
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Bangalore:Amidst the worst economic crisis, Asia's largest entrepreneur summit TiE Entrepreneurial Summit 2008 witnessed over 2000 big and small entrepreneurs gathered to exchange their thoughts of strategies to overcome the crisis on the first day of the three day summit at Grand Ashoka here today.
The summit kicked off with Wipro's Chairman Azim Premj's inaugural speech. He asserted that the huge participation is an indicator of the enthusiasm entrepreneurs have and it speaks well for the future of India.
Pradeep Kar, President, TiE Bangalore said, "India in 1991 had moved from the Nehruvian philosophy of the state being an entrepreneur to the idea of private entrepreneurship resulting in accelerated industrial growth. Today, entrepreneurs are at the forefront of building a new India. An India that is prosperous, healthy, secure, peaceful and continues with a sustainable growth path."
The three day mega event will witness 43 worthful sessions by 135 prominent speakers on various topics, including 13 stellar plenary sessions, 22 high-powered panel discussions and 8 supremely inspiring "My Story" sessions.
Addressing the 'Guru Talk' session, Kanwal Rekhi, Managing Director, Inventus Capital Partners specified that India should make use of the crisis period in a positive way by making more business opportunities as cost of building a company has come down today. The entrepreneur should be able to convince the venture capitalist that his company is doing things differently and can bring innovative out puts.
The panel including Sanjeev Bikhchandani, MD and CEO, Info Edge and Deep karla, Founder and CEO, MakeMy Trip.com provided insights on 'The Next Revolution in Consumer Internet'. Pointing the changes that Google adopted successfully, Sanjeev said that innovation could happen in even small things and internet companies should focus on bringing out innovations in delivering services.
Ajith Balakrishnan, CEO Rediff.com moderated the session and specified that companies in western countries have shifted focus to make revenue out of subscription. Denying this on Indian perspective, other panel members opined that this strategy is not practicable in India with a low internet penetration compared to foreign countries.