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India will be home to over 12000 startups by 2020: Fr. Mascarenhas

Jamshedpur, March 6: Father Oswald Mascarenhas, faculty member and JRD Tata Chair Professor of Business Ethics at XLRI, said, India will be home to over 12000 startups by 2020.

In his short address during the concluding day of The Startup Conclave East 2017, Mascarenhas stressed upon the importance of Startups and also discussed the need for large corporations to reinvent the wheel, lest they face an existential crisis.

The Startup Conclave East 2017 was inaugurated at the Beldih Club by famous personalities of the industry on Saturday, March 4.

Post the inaugural session at the prestigious Beldih Club, many known faces of the entrepreneurial circle came over and delivered talks on The entrepreneurial paradigm of the path to success. After the evening tea, the event got shifted to XLRI.

This was followed by a very interesting session on customer acquisition by Arvind Kalia, National Marketing Mentor at Rajasthan Patrika. He poignantly put forward the concepts of Crowd funding and the revolution created by online media channels- like YouTube , Instagram or Facebook.

Manish Harodia, alumnus of IIM-K and founder of Dream Wallets, enthralled the audience with his unique take on Investing and raising money for start-up ventures. He stressed on the need to invest in one’s own idea and had wise words for the budding entrepreneurs.

The programme ended with a highly interactive networking dinner at XLRI lawns where local startups got to interact with industry experts and gain insights over how to better their business.

Carrying forward the spirit of day one, the next day was fully power packed with Keynote speech by Umesh Shah, Director of the IT department, Government of Jharkhand, who, in his address, threw light on the world of opportunities and support extended by the government of Jharkhand for entrepreneurial ventures, and reiterated how Jharkhand is going to evolve exponentially with the onset of ‘Momentum Jharkhand’.

After the policies of the state, the audience was made aware of the plethora of policies made in favour of startups by the Centre, as Startup India Hub’s representative Aditya Sharma took the stage and motivated the audience with the amazing policies that the Department of Industrial Policy & Promotion has to offer, including helpline number 1800115565 which, along with email and social media channels has resolved over 34,889 queries since April 1, 2016.
The second day of the event also included shark tank pitches by local Jamshedpur startups like Pitstop Service, and online bike solutions service, TEchnobright, a technical education providing interface and Blue Elixir water harvesting systems among many others.

The second half of the day kickstarted by an interactive session on Design Thinking by Professor PK Dan, Chairman, E-cell IIT Kharagpur. Following this were sessions by Mr Nav Kishley, Trainer, Smile Foundation who brought the legal aspects to the fore and introduced many frameworks for the use of budding entrepreneurs, Mr. Baldev Singh Rawat’s session on Bootstrapping as the best strategy, a session on Analytics by the expert Dr. R. Simbasivam, Head analytics, Tata Steel and a session on Innovation and IOT by Dr. Arvind Choubey, professor, NIT Jamshedpur.

The event reached its peak when the final session was taken by one of the most known faces in the Tata group Sarajit Jha, who talked about trending technologies and gave important insights on ‘when to stop investing’ to startup enthusiasts. Mr Jha engaged the audience by including stories from his personal experience and gave a rightful end to the conference.

Significantly, The Startup Conclave East 2017 was inaugurated at the Beldih Club by famous personalities of the industry including A.B. Lall, Chairman, CII Jharkhand State Council and Plant Head, Tata Motors; TV Narendran, MD, Tata Steel; IAS Sunil K Barnwal, Secretary to the CM of Jharkhand and Industries mines geology and IT, Government of Jharkhand among many others. The Chief Guest for the event was Saryu Rai, Minister, Parliamentary Affairs, Food, Public Distribution and Consumer Affairs, Government of Jharkhand.

The entrepreneurship cell of XLRI, commonly known as E-cell collaborated with Entrepreneur Café to host one of the biggest entrepreneurship conferences in Jamshedpur.

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