DSPN has taken a great initiative on behalf of local digital startups, but how strong is the Indian start-up ecosystem when it comes to facilitating expansion and growth?
In my humble opinion, the ecosystem is not correctly set up for the start-up community in India. In India, there is a misconception that the Start-up ecosystem consists of start-ups, investors and mentors. The ecosystem clearly misses out on a few of the main components: The Industry connection, branding and visibility for the start-ups. I think these two components play a significant role in driving success for start-ups and driving their growth and expansion.
Also Read :- Prices of THESE smartphones may increase! Details inside
If there is one aspect missing in the Indian startup space that you feel can make a difference, what would that be?
Indian start-ups are very focused on today’s challenges and issues. Rightly so, because that’s what is driving their immediate business goals. But this is very short-sighted. There is no long-term vision for two reasons: (a) the start-ups do not have the knowledge/vision to think about the future. (b) The start-up founders do not have the connection or the network to get any guidance on what does future look like for their business and industry. The so-called incubators/accelerators do not have the expertise in helping start-ups in this space. For E.g. they do not help them in building roadmaps, whether business, technology, and customer roadmap. You can ask any start-up and they will not have any idea. Support for their futuristic vision can make a huge difference to Indian start-ups.
Have you faced any challenges connecting startups with industry experts and investors?
Not at all… DSPN has a huge network of REAL industry experts. These are the industry leaders who have delivered value and made changes in their respective industries. Furthermore, these leaders are really interested in extending a helping hand to upcoming start-ups. From the investors’ point of view, there are many high-net-worth individuals who do not have visibility of innovative digital start-ups. Hence, they are not able to help start-ups. We were able to bring more than 120 industry leaders and investors to the DSPN event with a long waiting list. As you know the event was fully booked with more and more industry leaders and investors wanting to join the event.
Also Read :- Apple confirms Sept 7 launch date for iPhone 14; Details inside
Are you thinking of taking DSPN to Bengaluru considering the city is a major incubator for tech startups?
Absolutely, Bengaluru is definitely on the cards and we will be there before the end of this year.
