A new year, a new dawn: Startup INDIA, Standup INDIA

Sh. Amitabh Kant, Secretary of DIPP brainstorms with iSPIRT.

Greeting_Card_for_website_v2 (1)He is the author of the book Branding INDIA, a key driver behind many successful branding INDIA campaigns like Make-In India, Incredible India, and Athethi Devo Bhava (Guest is God) campaigns. He is a decision maker par excellence and above all the Secretary of DIPP (Department of Industrial Policy & Promotion). Mr. Amitabh Kant. who is now also in charge of Startup India, Standup India campaign, met up with iSPIRT, in Bangalore to understand the plethora of Technological Break-throughs and Policy Transformations that iSPIRT is facilitating for the benefit of the Startup Community. He provided some very useful advise by participating in interactive session for close to 2.5 hours.

Prime Minister Mr. Modi in his Mann-ki Baat radio address had announced that the Start-Up India, Stand-Up India initiative will unfold on January 16. The initiative will be anchored by the Department of Industrial Policy and Promotion (DIPP). Mr. Amitabh Kant, and his team consulted and deliberated extensively, on opportunities that can be Game Changers for Indian Startups.

On Tuesday, at Shangri-La in Bangalore, iSPIRT with its team of Volunteers which included Sharad Sharma, Co-founder of iSPIRT, Sharique Hassan from the Stanford Graduate School of Business, Shashank from Practo, Sanjay Jain from Ekstep, Jas Gulati from Nowfloats and other volunteers, presented the INDIA STACK, PNGrowth and various other Leap-frogging breakthroughs which will help INDIA innovate for the next 6 Billion people.

Below are some of the key highlights of the Session.

AmitabhKant1iSPIRT Show-case of various Ongoing Initiatives

The session started with a presentation by Sanjay Jain on IndiaStack, a suite of technology-led services, currently being developed to solve identity, payments and personal data management for all Indian citizens. It was followed by Shashank from Practo, about Healthcare, which highlighted how Accessibility and Affordability is helping Health care reach the masses in INDIA. Mr. Amitabh’s participation on both these were highly involved, and he pointed out how States like Rajasthan have taken a pioneering approach, especially in Healthcare. He was quick to point out that if we can create a FEW champion states adopting the IndiaStack and its suite, the rest of the states will quickly follow.

This was followed by Jas Gulati presenting both the book and details around Digital Desh (Impact of Internet on Indian MSMEs).. It was clear that 2nd Tier and 3 Tier India is waiting to explode and join the Internet and Digital revolution in INDIA. iSPIRT also presented its SPiX Index and M&A initiatives helping Quantitatively track the progress and market growth of Indian Startups.

The most intense session was when Mr. Sharique Hassan presented the PNGrowth Initiative Details. China has had an exponential growth in Innovation in the past 15 years, and India now has the Opportunity to repeat the same. However to unleash India’s innovation potential, INDIA needs to capitalize on the Founders hunger and also harness the Institutional assets created by Educational Universities like Stanford, Harvard, Duke etc. Mr. Amitabh was very impressed by the PNGrowth agenda, and commented that it would make an Orbital shift in the Organizational Skills and Strategic Thinking levels of Entrepreneurs in INDIA. He wanted such programs to reach all academic incubation facilities in INDIA.

Ak2Insights and Advise from Mr. Amitabh Kant

If Indian Entrepreneurs focus on Fundamental Science and if they can create a competitive advantage, Mr. Amitabh felt that there was nothing stopping us from leap-frogging the WEST. He was immensely supportive to all programs and in-fact extended financial support for PILOT Projects in various spheres discussed. However, he had 5 important pieces of advice.

  • Pilot projects need to achieve success in at least some corners of INDIA.
  • Nothing Succeeds like Success, so it was imperative that we quickly implement ideas.
  • Institutional Mechanics will follow Innovation, there are several District level funds, MP Lad Funds and also Innovation Funds.
  • Startup challenges can be addressed quickly by Joint Inter-ministerial committees provided we can carve out clear definitions and scope for those challenges.
  • Policy Levers will respond to fast changing needs of Startups. Startup India, Standup India will make sure that ease of doing business is a top priority.
Conclusion
Mr. Amitabh Kant was highly impressed with the body of work presented to him. He said that everything from Challenge Grants supplementing the various RFP tendering processes, of the Govt, to the Inter-ministerial committees quickly acting to enable the Growth levers, were geared to make sure that the Startup Entrepreneur is successful. iSPIRT on its part is fostering and facilitating many such conversations to nudge Policy Makers help the Startup Ecosystem. For the Entrepreneurs, its now up to you to Stand-up and Start-up, to create a new dawn and a new beginning. Happy 2016 to all change makers!

About the author

Manju Nanjaiah