India needs to invent path of growth

“We had 1,400 people taking part,” said event co-host Sharad Sharma. “Last year, the focus had been towards ‘want to be entrepreneurs’. Whereas this year we have reached out to those who have already made it, thinking to keep quality levels high without attracting too much crowd. But it so happened that there are more flourishing entrepreneurs who turned out  than we expected, he said.

M R Rangaswami from Sandhill Group said quality of entrepreneurs has been growing in the last two to three years.  However, Vivek Wadhwa, academician and visiting scholar at major US universities, said despite the quality of entrepreneurs being “better than in Silicon Valley,” Indian entrepreneurs suffer from lack of mentorship and seed funding.

“This event doesn’t go towards addressing basic requirements of the budding entrepreneurs. India has many famous billion dollar company builders who had promised to be mentors and seed funders. Unfortunately, they have not kept their promise,” he said.