Innovation Can Happen When You Find Problems to Solve

Hyderabad, September 8, 2017: At a high powered inspirational leaders billion dollar panel ​discussion held at the inaugural of 12th Edition of 2 day TiE-ISB Connect 2017 with the theme “The Next Trillion – Where and How to Create’ organized at the Indian School of Business here on Thursday in Hyderabad panelist said the next set of sectors that hold big potential for billion dollars​ growth are AI, Leisure and Complex Injectable and finding import substitutes. For TiE-ISB Connect 2017 it was a celebration of Entrepreneurship – With over ​​25 Investors, 500 Entrepreneurs and 50 global experts converging at the event.

Leisure, Artificial Intelligence, Complex Injectable and finding ways to substitute import offer next big growth opportunities

The conference opened with the launch of Masterclass by TiE and Venture East. About 150 startups gathered at the Investor Connect to pitch their ideas to 50 investors to invest in their startup and help them scale. The organizers said many of the startups are promising and have the ability to raise investor interest and funding.

The billion dollar panel discussion that followed was equally enlightening. In his message to entrepreneurs and enterprises Srini Raju, Managing Director of iLabs and the moderator of the billion dollar panel said the focus should be finding solutions to diminish import substitution in areas such as healthcare and pharmaceutical, manufacturing of electronic equipment and mobile phones.

Answering to a question Srini Raju said investment flows to light asset class will only grow if entrepreneur have the ability to convince investors about their business potential and create a smooth exit route.

Billion Dollar Panelists -​ Jalaj Ashwin, Ex President HRAsian Paints, Mahima Datla, MD Biological E, Srini Raju, MD iLabs Group and ISB Dean Rajendra Srivastava
Billion Dollar Panelists -​ Jalaj Ashwin, Ex President HRAsian Paints, Mahima Datla, MD Biological E, Srini Raju, MD iLabs Group and ISB Dean Rajendra Srivastava

At the discussion Dean of ISB Rajendra Srivastava talked about finding the pain points of consumers today. He said only if we are able to find problems around us innovation will happen.

Answering to questions after the panel discussion on how Asian Paints company grew from ₹1,000 crore turnover to ₹1.1 lakh crore company in 25 years past president (HR) of Asian Paints and a successful entrepreneur Jalaj Ashwin Dani said the success of the brand was due to functional and on ground understanding what the supply chain pain points, customers tastes in the paints sector including big thrust on human capital.

Mahima Datla Managing Director of Biological E while talking about her learning in the company and dealing with road blocks as the company grows said some of the areas that hold big potential in her sector were Artificial Intelligence and Complex Injectable.

In his keynote address Rajiv Kumar of Microsoft shared the success of the productive smart phone integrated Chat App Kaizala, which was the result of extensive interaction with people in several nations including travel to tie 2 and tier 3 areas and their 2 years of research to understand the customers’ needs to make their smart phones productive.

Pradeep Mittal, The President of TiE Hyderabad & CEO of GreatFour Systems Inc said,” TiE has completed 25 years of its existence globally and for 18 years TiE Hyderabad has impacted around 3000 startups and startup entrepreneurs since inception, this alone was a reason to make this event larger in all ways possible.”

TiE ISB Connect encouraged startups to tap potential sectors like, rural economy, Infrastructure landscapes, technology enablers like IoT, AI, Blockchain, Analytics and Wealth Security, which will in turn help the country in churning out the next trillion.

TiE ISB Connect 2017 saw prominent investors like Kalaari Capital, Endiya Partners, Venture East, Your Nest, NRI Startup India, 50K Ventures, Indian Angel Network, Ankur Capital, Ideaspring, Naya Ventures, Parampara, Kalaari Capital, Endiya Partners, Hyderabad Angels, Unitus Seed Fund, Anthill Ventures, et al. The event was well received with flooding enquiries and ongoing registration.

Most Popular

More from Author

Read Now

Union Budget 2023-24: What It Means for the Future of the Automotive Sector?

Union Budget 2023-24: A Post-Budget Perspective on the Indian Automotive Sector.

Business Leaders Give Thumbs Up to Union Budget 2023’s Growth-Focused Provisions

Understand the impact of the Union Budget 2023-24 on the Indian economy through the eyes of business leaders and why they are optimistic about its potential.

SBICAPS opens new office in Bengaluru, to focus on infrastructure, defence and start-ups

BENGALURU, India | 1st February 2023: SBI Capital Markets Limited (SBICAPS), a wholly owned subsidiary and investment banking arm of State Bank of India (SBI) on Monday announced the opening of its office in Bengaluru. Inaugurated by Shri Dinesh Khara, Chairman, SBI, in the presence of Shri Swaminathan J, Managing Director (CB...

Vedanta Aluminium Raises USD 250 Mn in Sustainability Linked Loans

New Delhi, Delhi, India | 1st February 2023: Vedanta Aluminium, India’s largest producer of aluminium, has raised USD 250 million through Sustainability Linked Loans (SLL) from leading international banks, for financing its capex initiatives and reducing carbon footprint. The loans were granted on the basis of specific performance parameters...

Dr. Stephen Kahane Joins Suki’s Board of Directors to Elevate Voice AI in Healthcare

Voice AI Technology for Healthcare Gets a Boost with Dr. Kahane on Suki's Board.

TrekNomads Foundation and Suriya Foundation Distributed Free Blankets across Bengaluru in Collaboration with Bruhat Bengaluru Mahanagara Palike

Bengaluru, Karnataka, India | 1st February 2023: TrekNomads Foundation and the Suriya Foundation distributed over 400 blankets to the needy across Bengaluru. Flag off event was held at the BBMP head office on January 30, 2023. BBMP Chief Commissioner Sri Tushar Giri Nath, IAS, handed over few blankets to the...

Union Budget 2023-24: Post-Budget Reaction Quotes – Indian Entrepreneurs Share Their Thoughts

As the Indian government announces its 2023-24 budget, industry leaders and experts have been weighing in on the impact it will have on the Indian economy. This post will bring you the most prominent post-budget reaction quotes from these key figures, giving us a deeper understanding of...

FUJIFILM India Unveils New Compact Ultrasonic Probe System at BRONCHUS 2023

FUJIFILM India expands endoscopy solutions portfolio with new compact ultrasonic probe system at BRONCHUS 2023.