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Can India Produce the next Steve Jobs?
By siliconindia
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Wednesday, 12 October 2011, 01:43 IST |
17 Comments
2. Incapacity to take new risks:
Risk is the basic instinct of an innovator and entrepreneurs. "Knowledge in the mind, passion in the heart and fire in the belly forms the anatomy of an entrepreneur". Indian Entrepreneurs have been successful at their innovations but most of the innovations have been an exploration of what was already a common knowledge handed from the West and not a result of any original thinking. The risk taking in India is less due to fear of failure and the fear of failure is because of not sufficient funding from venture capitalists. Silicon Valley is bustling with tech companies and venture funding is humongous. Bold and fascinating projects don't see the light of funding as they are trapped under the limits of a village or a district and if they make it to the top, they are underfunded.
