Session Summary
Nitin Gadkari
Conversion of knowledge to wealth is future.
India is a Rich nation with poor population. We want to make Rich nation rich population.
We need to concentrate on problems of agriculture and problems of poor and weaker section of society
and find solutions to those problem from research in Science and Tech. Science and tech is future.
For example: Parali problem of north India can be solved if research can help to convert the paddy
residue to biofuels.
And we need to prioritise our problems and focus all our energy in finding the solution to those
problems.
Do not have a short-term vision. Have a long term vision for 20,30,50 years.
Mission is the make India Atmnirbhar and eradicate poverty. For ex: Surplus sugarcane can be used to
produce ethanol thus giving better returns to farmers and help save environment and reduce fiscal
deficit.
Set the priorities for research which can be different state wise and region wise. Make the cost
estimates that are more economically viable.
Ethanol from sewer is very helpful and good fuel. Happening in Delhi
Understand the problem of poor and needy and do research for a sustainable product keeping in view of
upliftment of the society.
Suggestion: One should work on reducing our imports from foreign countries and produce those goods
in our country by doing appropriate research. Vision should be to make India Atmnirbhar.
Jai Jawan, jai kisan jai vigyan. Without vigyan nothing is possible.
Even small research in the correct and prioritized way can make miracles.
Most important thing is to have clarity of vision. We can give money but we cannot give vision. Have
clear vision which can be beneficial to society.
Have a 50 years vision to make India Atmnirbhar.
Anil Agarwal
Enablers and drivers of the Indian ecosystem
16 Jan 2016 start-up India program
Startup must come from every block. Startups should solve India’s problems. We have million problems
with billion minds.
We haveset up policy for start-ups in 30 states and UT out of total 36.
As of today41000 start-up recognising by DPIT
All states and UT have at-least one start-up today. More than one thousand is registering every month.
Tier-2 and Tier-3 cities account forabout 45%of total start-ups with global level innovation.
45% start-ups have women. Tremendous boost, we never have seen somany women entrepreneurs
GOI improves ease of doing business with start-ups. 39 regulatory reforms is done in last 5 years.
Created Start-up hub for all the information related to start-up.
Ms. Padmaja Ruparel founder of Indian Angel Network (IAN Fund): We are seeing now that from last 5
years dramatic change is happening in start-up ecosystem in country. Last 8 months of pandemic have
shown that start-ups are amazing in dealing the problems created by pandemic. They are resilient and
trying hard to make a change in the society.
Mr. Nikhil Kurele, CEO Noccarc
Noccarc Robotics aspires to always stay ahead by creating products and technologies through innovation
and challenging ourselves to the limit. With exceptional product development and technical capabilities,
Noccac Robotics has launched the best in class products in last 3 years. Noccarc has been nurtured by
SIIC IIT Kanpur and is currently backed by IAN fund and Indian Angel Network.
Suggested that Investors should not only focus on the return, but should also consider the value that
start-up is adding.
Sabir Hossain, Miraqules. Developed anti bleeding compound with the help of Dr. Devendra Verma from
NIT Rourkela. BIRAC helped in getting US FDI requirements. Won Dare to dream award.
Start-up Incubators play a major role to induce business aspect to innovators.
Ms. Padmaja Ruparel :
Angel networks and capital inflows increased in start-ups.
We are fastest growing start-up ecosystem in the world. Lot of work happened in IP protection
by the government of India. HNI (High Network Investor) considers start-ups as an asset class
today; this is a big change.
10,000 Cr fund is given by the GOI which today is 20% of the total fund acted as catalyst to raise
more money.
70-80% funds is coming from overseas investors. FDI increases. Both individuals and corporates
are investing in start-ups. This is the Best time to start a start-up as so much help is coming.
Regulations are required which can make easier to for FDI to happen in Start-up ecosystem.
Made suggestions to incorporate changes in Tax structure and Loan grant for start-ups so that
start-ups do not move out of the country after initial round of funding.
Also suggested that process of fast pace allocation of funds should be made. Funding delayed is
funding denied.
Passion and practicality, both are required for the entrepreneurs. A cutting edge technology
product, may not be viable choice for customers.
Execution failure is the top reason for the start-up to fail.