October - 2014 - issue > In My Opinion

Nurturing "Smart" Entrepreneurship

Karthik Padmanabhan, Country Head - Ecosystem Development, IBM Software, India South Asia
Friday, November 21, 2014
Karthik Padmanabhan, Country Head - Ecosystem Development, IBM Software, India South Asia
With start-up companies becoming an increasing phenomenon and the government ensuring their growth through allocation of a Rs 100 billion fund, Indian markets today witness a noticeable trend of stakeholders ready to invest in the tech Start-up ecosystem.

Celebrating this spirit of entrepreneurship, IBM is committed to encourage budding entrepreneurs the country, IBM offers private mentor days as well as public networking opportunities through its Global Entrepreneur events.

IBM SmartCamps, a global entrepreneurship event is exclusively aimed at identifying early stage entrepreneurs who are developing business ventures that align with our global strategies. Through this, we aim to showcase a new breed of enterprisers whose innovation, technology and business models optimise to tackle world's most pressing issues- healthcare, water management and efficient energy resources.

With a faster Go to Market strategy, SmartCamps is allowing entrepreneurs to take advantage of learning opportunities, while garnering insights from thought leaders and networking with investment firms, key academia as well as industry/technology experts along with a direct route to seed & venture capital. Our mentoring does not limit to just providing the right foundation but also equipping them with the right strategies. The IBM Innovation Centre in Bangalore offers the resources which start-ups require including technical expertise, marketing and sales facilities and skills, with IBM hardware and software.

To site a few examples, we are closely working with Algo Engines, a wind turbine portfolio management and performance improvement solution. Through,integration of IBM's Informix Time Series Database and IBM's SPSS for forecasting and predictive maintenance of Wind Turbines,they are garnering real time data coming from the Wind Turbines.

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