Conference on ‘Mysuru: The next tech start-up capital of Karnataka’ held

Mysuru, February 10:- “Unless more multinational companies come to Mysuru and the road, rail and air connectivity improves, it is very difficult to see more start-ups in Mysuru,” said Naganand Doraswamy, managing director and founder, Idea Spring Capital.

He was speaking at the inaugural function of the conference on ‘Mysuru: The next tech start-up capital of Karnataka,’ organised by Confederation of Indian Industry, Mysuru chapter, in the city on Friday.

Doraswamy said “Though at an average every year 13,000 graduates pass out from the district and nearly Rs 6000 crore IT exports is there from Mysuru every year, but to give a boost to start-ups the city has only a few multinational companies. Benglauru, the start-up capital of the country has got the top 100 companies of the world. So we need to take steps to attract MNCs to Mysuru.”

“Bengaluru which is start-up capital in the country didn’t become overnight or all of sudden; it got developed methodologically over a period of 40 to 50 years. In 1950s, Indian Institute of Science and other technical oriented institutions came up and later 1950 to 60, more public sectors including defence started and it was in 1970s with the establishment of WIPRO and Infosys, information technology started. Later in 1990s Y2K started and put Bengaluru on international map. In 2005, jobs evolved from software developments to development. The actual startup was started in 2010 and started to get more attention from 2013.  Bengaluru not only attracted companies because of its weather but also abundance of talents locally and also attracting talents from outside. The policy including creating of Software Technology Park in Bengaluru also enabled more companies to come to Bengaluru,” added Doraswamy.

 “Though tourism branding is good, there is no proper connectivity to Mysuru which is very important to attract more MNCs. Bengaluru –Mysuru Road travel on a good day one needs three hours, otherwise it take more than five hours to reach Mysuru. Proper ecosystem and incubator for start-up is very much the need of the hour: In Mysuru we need to create proper ecosystem and incubators for start-ups. Start-ups have different requirements, entrepreneurship can’t be thought, one can only encourage and it’s about taking risk. How we get them from comfort zone and get them to next level is important. Apart from this funding becomes very important. The most important is talent pool is very important for a start-up; it is different from a large company. Eight to 10 dedicated, intelligent and hardworking individuals are important for a start-up. Government of Karnataka is giving grants, one may secure up to Rs 50 lakh in just three months; young entrepreneurs should make maximum use of these facilities. To push start-up further organisation supporting entrepreneurs is also important and core committee consisting of tech leaders in industry should take steps to change this. While developing Mysuru it should not become like Bengaluru, proper planning and importance to the heritage city should also be given” pointed out Doraswamy.

Arjun Ranga, chairman of CII Mysuru, emphasised on 10-point process which includes  problem and solution, business model, underline problem, marketing and sales, competition, management team, financial projects, time status and funds. He also mentioned that ability to adopt changes is also very important and one needs to think big and start with small.

Bhaskar Kalale, senior VP, Theorem Inc;  Achutha Bachalli, founder and chairman, Unilog Content Solutions and others were present.  -(KK)

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