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Digital Startup Pitch Night, incubator arm of Engage AI, on mission to help new-age startups

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 […]

Edited By : News24 Desk | Updated: Aug 26, 2022 12:03 IST
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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.

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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.

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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.

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First published on: Aug 25, 2022 08:48 PM IST

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