IIM Vishakapatnam’s Entrepreneurship Conclave – Exordia ’16

IIM Visakhapatnam, in association with Andhra bank organised its first Entrepreneurship Conclave, Exordia’16. In line with the theme, ‘India’s boost to Entrepreneurship’; the conclave gave the right impetus to kick start entrepreneurial spirit in the city. Entrepreneurs from the city presented their ideas before experts from NSRCEL, IIM Bangalore at IIM Visakhapatnam. The event had a panel of distinguished speakers coming from industry, government and academia, giving valuable insights about entrepreneurship. The common thought that came out from all the speakers was that entrepreneurs should focus on addressing local problems. They also emphasized on the importance of learnings that failures can provide. ‘The entrepreneurs challenge the status quo as they see a problem as an opportunity’ is the key take away from the talks. But coming to India, enough efforts were not put to do any disruptive innovation, and most of entrepreneurs think in a global perspective rather than starting with solving local problems. These behaviours slow down the process of building up entrepreneurial strength of the country. Prof. Suresh Bhagavatula, Chairperson of Entrepreneurial Ecosystem Development at the NSRCEL of IIM Bangalore, Mr. Nagaraja Prakasam, Founder Chairman of Native Angels network, Ms. Wilma Rodrigues, Founder member at Sahaas Organization represented Academia while Mr Shiv Kumar, CEO of Maple Software and Ms. Malini Gowrishankar, Founder of F5 Escapes spoke about the industry and the opportunities that come along with the failures in it. Ms. Sumita Dawra, Principal Secretary, Higher Education, State of Andhra Pradesh, Ms. Vijayalakshmi, DGM, Andhra Bank and Mr. Amit Garg, Commissioner of Police spoke about the role of government in promoting entrepreneurship. The Conclave was attended by University and College students and budding entrepreneurs from across the city. The event was closed on a high note saying that India has a very high potential yet to be tapped.