Startups in Kolkata need to go beyond the sole idea of making money and place more importance to innovation, felt the panel of experts at the Times Innovation Challenge Kolkata. Budding entrepreneurs should explore the country for a better understanding of the startup scene and work on plans to upgrade their businesses.
“It’s not always about raising funds and making money. The idea should be to try out and explore newer problemsolving methods. The primary focus should be on innovation. Startups should see what new can they bring to the business,” said Abhishek Rungta, founder, Indus Net Technologies.
Rungta’s advice was for startups to start out with co-entrepreneurship, which would help them ideate better. “Kolkata has been the hub of creativity. We should come up with something that is more creative than hitech,” he added.
The experts stressed that Kolkata’s startups should have a problem-solving spirit.
“Startups should be aware of what is happening in other cities as well and not restricted to the city,” said Prashant Jalan. “By this, we can innovate more and copy less. Corporates in Kolkata should come forward to support startups with potential problemsolving ideas. Only this can help us grow better.”
Suvayu Ray, project director, PwC’s project management division, also stressed the importance of innovation. “Innovation is extremely important to create jobs. The government hands out funds to innovators to create jobs based on transparent selection process. For this, we announced a hackathon on August 15,” he said. “Winning is not important. If the solution has got takers — within or outside the government — it will be adopted.”
Subhrangshu Sanyal, CEO, IIM Calcutta Innovation Park, said: “The first challenge for entrepreneurship is to inspire the youth to find solutions. Hackathons should encourage open innovation and ask youngsters to find problems first. This may shed light on areas that we never knew existed.”
Source: Times of India