Top Innovation Ecosystem Leaders Across India Converge at India Innovation Forum 2015

Friday, July 17, 2015

The inaugaral edition of India Innovation Forum (IIF 2015) in Bengaluru saw top Innovators, Entrepreneurs, VCs, Impact Investors, CEOs and Thought leaders come together on 11th and 12th of July, 2015 to interact, share ideas and raise important questions on Innovation ecosystem in India. They interacted with a diverse group 150+ select senior executives from top Indian and multinational companies.

IIF, organized by Northwest (www.northwest.in) is an unique event supported by executive education arms of top global business schools including UC Berkeley Haas School of Business, UCLA Anderson School of Management and Yale School of Management. It is envisioned to grow as a platform to create an active dialogue on innovation and engage like minded people and organizations. It looks to bring together individuals who are at the forefront of working on innovation across industries and functions.

Delivering the opening keynote Rahul Panicker, co-founder, Embrace Innovations shared the touching story of their journey and how they have saved the lives of more than 200,000 new born babies across 10 countries, with their innovation of a low-cost incubator. He said “While innovating to make a big impact, don’t expect the gratitude of world”. He encouraged innovators to be courageous enough to make new mistakes and be careful about adding only the very best to the team.

The startup panel saw participation from Aloke Bajpai, Co-founder, Ixigo; Pratyush Prasanna, Co-founder, MagicTiger; Peeyush Rai, Co-founder, Canvera and Vikas Malpani, Co-founder, Commonfloor; moderated by Kanupriya Sindhu from Canvera. They discussed innovation in context of challenges that indian startups face and the culture around it. They urged the budding entrepreneurs to innovate by staying focused on customer painpoint, being almost paranoid about losing the innovative edge and establishing an open culture that accepts new mistakes.

Adressing the delegates, Ravi Gururaj, Chair – Product Council, NASSCOM said “Two tenets of success at startups that large companies can pick are that Purpose drives plans and pace trumps perfection. Startups can learn to think autonomic and imbibe modular thinking from large companies”. He also built a strong case for factors which will ensure that we continue to live in a world of business that is Volatile, Uncertain, Complex and Ambiguos (VUCA world).

Source: The Financial Express (link opens in a new window)

Categories
Entrepreneurship, Investing
Tags
entrepreneurship, impact investing, venture capital