Tie-ISB Connect 2009 – Part 1:Incubators

I attended the Tie-ISB Connect 2009 this year and to say the least, it was one of the most inspiring sessions I have attended in the recent past. Let me go over some of the highlights for those of you who missed and for the rest of us to keep pointers in mind, as we move on…(with the “rodent-sized memory” of ours – courtesy Siddharth of Rang De Basanti fame, during the panel discussion on Taking India Forward)

I will cover Incubators in this session. This was the first panel on JumpStart that was organized by Sanjoy Sanyal and had as panelists Nandini Vaidyanathan (Founder ForStartups), Sunil Maheshwari (Founder Mango Technologies) and Deepam Mishra (i2 India Ventures). All the three had incubators in common, where Nandini helps setup & run incubators in Engineering Colleges, Sunil was incubated in IIM-B and Deepam is trying to commercialize the technology present in our top-notch IIT labs.

The broad takeaways from startup perspective were –

1. Be ready to fail

2. Focus, Focus, Focus

3. Think big, thing different, think you – when you are solving a problem

4. And, last not the least, realize that incubators are good for money and the relationships  – everything else you need to do on your own.

Nandini went on to describe the ideal incubator as one that believes, funds, mentors and bridges (helps with networks) but the fact that no incubator perfectly does all of these shows that there is a lot of room for improvement. At the same time, her own efforst in this area and increasing awareness to spur entrepreneurship in the community has helped create incubators in engineering colleges that can help young startups attain success. You can read more about these efforst at her blog.

Next few sessions were around funding, growth, partnerships, next 800 Million Opportunities and taking India forward…that I shall cover in the next few parts of this blog series. In the meanwhile, please feel free to share your experiences, if you are looking to engage with incubators, please feel free to ping me.

PS: There is a 5 -day workshop on entrepreneurship being held from Nov 16-20th 2009 in PES School of Engineering by Prof Nandini Vaidyanathan and interested people should register before Nov 5th 2009.  Knowing Nandini, I would strongly urge anyone interested in entrepreneurship and startups to register and gain from the experience.

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