Indian entrepreneurs could target growth of 20% y-o-y

TiE - Enterprising India Summit 2011

It is wrongly believed that innovation is not an Indian phenomenon. Continue taking risk and overcoming fear of failure is required for innovation to happen. Being a market driven economy capital, people and talent will always be available. Do not get attached to your idea or emotional about it. Noted industrialists and co-hosts- Kishore Biyani, Ajay Piramal and Narendra Murkumbi made these statements at TiE initiated Enterprising India Summit 2011- India’s largest conference for entrepreneurs.

Enterprising India is TiE Mumbai’s annual event attracting hundreds of entrepreneurs and business leaders from across India and Gobally. It is a platform to enable access to market, capital and mentors.

Co-host Kishore Biyani, Founder and Group CEO, Future Group, introduced 3 Enterprising Indians on ‘Serving the Indian Consumer’ in the Made-in-India Session. Introducing Anshu Gupta from Goonj, Ashwin Mahesh- Bangalore Traffic and Sachin Bansal from Flipkart Biyani stated- in order to build successful consumer focused businesses in India, entrepreneurs need to move away from income segmentation to community segmentation.

Addressing entrepreneurs in a GuruKul session, Ajay Piramal emphasized that Starts ups should aim to grow at about 20% year on year. He also stressed that to be a good entrepreneur one should overcome fear, have courage, taking decisions at the right time and always have a point of view.

Enterprising India this year focuses on INSPIRATION and ACTION. While our iconic Co-hosts  inspiring Made-in-India examples of Enterprising Indians, market Opportunities are being provided for other SMEs to expose their ideas, get funded and grow. Our aim this is to look beyond convention, go rural and look outside (Africa) at the same time,” said Manak Sing, TiE- Mumbai.

Day one of TiE’s Enterprising India summit saw entrepreneurs make business presentations to attract equity and one-on-one interactions with Banks to explore Collateral free Debt through CGTMSE and other debt options. Entrepreneurs could also make Business plan pitches to Angels and VCs such as Seedfund, Sherpalol, SIDBI Ventures, Everstone Capital, among others.

In an exclusive gathering fifty young Children (12yrs to 17yrs), who have been seeded with enterprise though by TiE Mumbai’s TiE BizWorld program interacted with Roshan Abbas – Film Maker and entrepreneur himself.

ICICI Bank and KPMG, as founding supporters, are joined by Jaypee and Bombay Stock Exchange [BSE] along with many others from the entrepreneurial eco-system to extend support to TiE’s pan-India Enterprising India movement which aspires to impact at least 1 million Entrepreneurs across India

About TiE Mumbai:
TiE Mumbai is one of the most vibrant and fastest growing entrepreneurial eco-systems in the Global Network of TiE with 56 Chapters across 14 countries (16 in India). Over the years TiE Mumbai has conceived & contributed path defining platforms for the entrepreneurial community. Key among them are

• TiE Entrepreneurial Summit (2006) 
• Enterprising India (2009 and continuing) 
• TiE Stree Shakti (2009) - an Enabling platform for Women Entrepreneurs
• TiE – KPMG report on Entrepreneur’s Confidence Index ( ’07, ’08, ’09)
• TiE BizWorld – for seeding enterprise in high school children

TiE Mumbai also conducts 5-6 programs every month for entrepreneurs with a strong focus on Mentoring.