Tag: Startup

  • Govt Launches ‘BHASKAR’ One Stop Digital Platform To Connect Startup Ecosystem | Economy News

    New Delhi: The Union Minister of Commerce and Industry, Piyush Goyal on Monday, unveiled the Bharat Startup Knowledge Access Registry or BHASKAR digital platform for all the stakeholders of the startup ecosystem to connect and collaborate within the landscape.

    The platform is designed to centralise, streamline, and enhance collaboration among key stakeholders within the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies.

    Part of the Startup India program, the BHASKAR initiative is a platform meant to help key players in the entrepreneurial ecosystem–startups, investors, mentors, service providers, and government agencies–centralise, simplify, and improve their collaboration.

    Launching BHASKAR!

    A one-stop digital platform for all stakeholders in the Startup space to:

    Connect
    Collaborate &
    Growth Together pic.twitter.com/rQxqY9uf9M
    — Piyush Goyal (@PiyushGoyal) September 16, 2024

    The platform offers a one-stop digital platform that tackles the issues faced by investors and entrepreneurs alike in an effort to fully utilise this potential.By serving as a centralised registry, BHASKAR will enable seamless access to a wide array of resources, tools, and knowledge that will help fuel the entrepreneurial journey from ideation to execution, the Ministry of Commerce & Industry informed.

    The platform will provide startups with immediate access to critical tools and knowledge, enabling faster decision-making and more efficient scaling.The platform will issue a unique BHASKAR ID to ensure personalised interactions with the stakeholders.

    It will also be able to locate relevant resources, collaborators, and opportunities, ensuring faster decision-making and action using the search feature of the platform.

    “The launch of BHASKAR marks a significant step forward in the government’s ongoing efforts to promote innovation, entrepreneurship, and job creation. It will serve as a central hub where startups, investors, service providers, and government bodies can come together to collaborate, exchange ideas, and accelerate growth,” the ministry said in the statement.

    By facilitating easy access to knowledge and resources, BHASKAR will help unlock the full potential of India’s startup ecosystem, driving the country’s emergence as a global leader in entrepreneurship, the ministry added.

    Expressing its hope, the Ministry of Commerce and Industry added that the platform will be pivotal in creating a more resilient, inclusive, and innovation-driven economy, laying the foundation for a prosperous future.As per the official figures of the ministry, there are over 1,46,000 DPIIT-recognised startups functioning in the country, making India one of the world’s most dynamic startup hubs. 

  • Founder Mode: Why Everyone In Tech Is Talking About Startup Guru Paul Graham’s Viral Essay For All Bosses | Economy News

    New Delhi: Investor and Startup Guru Paul Graham’s recently published essay titled “Founder Mode” has been widely discussed by start-up ecosystems across Silicon Valley as well as in India. In the widely-discussed essay, Graham challenged conventional B-school wisdom and favored the concept of “founder mode” instead of the “manager mode”. 

    Graham’s essay is inspired by Airbnb CEO Brian Chesky and critiques traditional startup advice. 

    The co-founder of accelerator Y Combinator, Graham calls all leaders to run their companies in the “founder mode” instead of the “manager mode”. He says, “In effect there are two different ways to run a company: founder mode and manager mode.”

    The co-founder of accelerator Y Combinator further says, “There are as far as I know no books specifically about founder mode. Business schools don’t know it exists. All we have so far are the experiments of individual founders who’ve been figuring it out for themselves. But now that we know what we’re looking for, we can search for it. I hope in a few years founder mode will be as well understood as manager mode.”

    Graham believes that micromanaging a business is bad. “The way managers are taught to run companies seems to be like modular design in the sense that you treat subtrees of the org chart as black boxes. You tell your direct reports what to do, and it’s up to them to figure out how. But you don’t get involved in the details of what they do. That would be micromanaging them, which is bad.”

    According to Graham sometimes hiring people and giving them room to do their jobs is like hiring fakers and letting them drive the company into the ground. He says, “Hire good people and give them room to do their jobs. Sounds great when it’s described that way, doesn’t it? Except in practice, judging from the report of founder after founder, what this often turns out to mean is: hire professional fakers and let them drive the company into the ground.”

    Graham also talked about the idea of being gaslit. “Founders feel like they’re being gaslit from both sides — by the people telling them they have to run their companies like managers, and by the people working for them when they do. Usually when everyone around you disagrees with you, your default assumption should be that you’re mistaken. But this is one of the rare exceptions. VCs who haven’t been founders themselves don’t know how founders should run companies, and C-level execs, as a class, include some of the most skillful liars in the world.” 

    The co-founder of accelerator Y Combinator said that founder mode will be more complicated than manager mode but it will work better. “Founder mode will be more complicated than manager mode. But it will also work better. We already know that from the examples of individual founders groping their way toward it.”

    Graham was also of the view that many of the founders have been regarded as eccentric or worse. He says, “Indeed, another prediction I’ll make about founder mode is that once we figure out what it is, we’ll find that a number of individual founders were already most of the way there — except that in doing what they did they were regarded by many as eccentric or worse.”

    Graham opines founders to run their companies like that of Steve Jobs. “Curiously enough it’s an encouraging thought that we still know so little about founder mode. Look at what founders have achieved already, and yet they’ve achieved this against a headwind of bad advice. Imagine what they’ll do once we can tell them how to run their companies like Steve Jobs.”

  • Aero India 2023: Design our Future will have to be India’s new mantra, says Defence Minister

    Via PTI

    BENGALURU: Defence Minister Rajnath Singh on Wednesday expressed self belief that India will quickly be a few of the main nations within the box of innovation and emerge because the “lighthouse” to all the global.

    Talking after inaugurating the once a year defence innovation tournament ‘Manthan’ all over Aero India right here, he stated, if we wish to carry the following technology commercial revolution, then we will have to both do new issues or attempt to do the present issues in a brand new means.

    “If we need to increase, then we need to redefine the contest. If we call to mind transferring forward with previous applied sciences and previous techniques, then we will be able to at all times be two centuries at the back of the ones nations (evolved). That is why lately it will be important that we expect in new tactics and transfer ahead accordingly,” Singh stated.

    Suggesting that we will have to attempt to do one thing new with the normal issues which can be occurring, he stated, an ideal instance of that is the UPI fee approach evolved within the nation.

    “Ethical of the tale is that we will have to innovate. Innovation way pondering in a brand new means, which formative years like you’ll do smartly,” he added.

    Noting that if we need to cross forward of alternative nations, it will be important for “new other folks” and start-ups to return ahead, the Minister stated, in his view, a start-up way new power, a brand new dedication, and new enthusiasm.

    ALSO READ | 75 in step with cent of defence capital for procurement from home companies: Rajnath

    Pointing in the beginning Top Minister Jawaharlal Nehru’s speech on “Tryst with Future” on India turning into unbiased, he stated, lately, after 75 years of independence, we now have were given a chance to transport ahead at the trail of ‘Design our Future.’

    “Any more, our mantra will have to be ‘Design our Future’, this is, we transfer ahead against the Design of our Future with our effort, skills and unravel to construct it,” Singh stated.

    “Our future is to turn out to be the arena’s best economic system within the coming 25 years; Our future is to turn out to be the Science & Generation superpower of the arena,” he stated, including that ‘Amrit Kaal’ is the most productive time for this, and formative years are the most productive designers and builders of the rustic’s future.

    Organised by means of Inventions for Defence Excellence (iDEX), the Manthan platform brings main innovators, start-ups, MSMEs, incubators, academia and buyers from the defence & aerospace ecosystem below one roof.

    ALSO READ | India brings out its perfect steel birds at Aero India 2023

    Highlighting that the surroundings that has been created for start-ups within the nation in the previous couple of years is at least a boon for our formative years, the Minister stated, seven-eight years in the past the collection of start-ups within the nation may well be counted on arms, however lately their quantity has reached multiple lakh.

    Greater than 100 unicorns were arrange by means of the formative years of the rustic. This no longer most effective tells the significance of the newly created start-up ecosystem in our nation, but in addition showcases the brand new enthusiasm amongst our formative years, and the eagerness amongst them to do one thing new, he stated.

    Talking about new inventions and leading edge spirit a few of the formative years, Singh stated, “I am totally assured that quickly our nation will probably be a few of the main nations on this planet with recognize to inventions, and prefer previously, at some point too India will emerge because the lighthouse to all the global.

    “iDEX has to this point offered masses of innovators to the marketplace, he stated, including that thus 1000’s of expert and semi-skilled Indians were helped in direct and oblique employment technology. The Defence Ministry has additionally authorized a simplified, and fast-track process for procurement from iDEX start-ups and MSMEs,” the Minister stated.

    iDEX has opened avenues for reaching self-reliance within the defence ecosystem.

    “So as to inspire our new marketers for the improvement of bigger initiatives, we now have determined to extend the grants given to this point,” he stated, including that this displays the federal government’s enhance for the arduous paintings, willpower, and encouragement of our innovators and start-ups.

    ALSO READ | Aero India 2023: Goal is to take defence exports to USD 5 billion by means of 2025, says PM

    BENGALURU: Defence Minister Rajnath Singh on Wednesday expressed self belief that India will quickly be a few of the main nations within the box of innovation and emerge because the “lighthouse” to all the global.

    Talking after inaugurating the once a year defence innovation tournament ‘Manthan’ all over Aero India right here, he stated, if we wish to carry the following technology commercial revolution, then we will have to both do new issues or attempt to do the present issues in a brand new means.

    “If we need to increase, then we need to redefine the contest. If we call to mind transferring forward with previous applied sciences and previous techniques, then we will be able to at all times be two centuries at the back of the ones nations (evolved). That is why lately it will be important that we expect in new tactics and transfer ahead accordingly,” Singh stated.

    Suggesting that we will have to attempt to do one thing new with the normal issues which can be occurring, he stated, an ideal instance of that is the UPI fee approach evolved within the nation.

    “Ethical of the tale is that we will have to innovate. Innovation way pondering in a brand new means, which formative years like you’ll do smartly,” he added.

    Noting that if we need to cross forward of alternative nations, it will be important for “new other folks” and start-ups to return ahead, the Minister stated, in his view, a start-up way new power, a brand new dedication, and new enthusiasm.

    ALSO READ | 75 in step with cent of defence capital for procurement from home companies: Rajnath

    Pointing in the beginning Top Minister Jawaharlal Nehru’s speech on “Tryst with Future” on India turning into unbiased, he stated, lately, after 75 years of independence, we now have were given a chance to transport ahead at the trail of ‘Design our Future.’

    “Any more, our mantra will have to be ‘Design our Future’, this is, we transfer ahead against the Design of our Future with our effort, skills and unravel to construct it,” Singh stated.

    “Our future is to turn out to be the arena’s best economic system within the coming 25 years; Our future is to turn out to be the Science & Generation superpower of the arena,” he stated, including that ‘Amrit Kaal’ is the most productive time for this, and formative years are the most productive designers and builders of the rustic’s future.

    Organised by means of Inventions for Defence Excellence (iDEX), the Manthan platform brings main innovators, start-ups, MSMEs, incubators, academia and buyers from the defence & aerospace ecosystem below one roof.

    ALSO READ | India brings out its perfect steel birds at Aero India 2023

    Highlighting that the surroundings that has been created for start-ups within the nation in the previous couple of years is at least a boon for our formative years, the Minister stated, seven-eight years in the past the collection of start-ups within the nation may well be counted on arms, however lately their quantity has reached multiple lakh.

    Greater than 100 unicorns were arrange by means of the formative years of the rustic. This no longer most effective tells the significance of the newly created start-up ecosystem in our nation, but in addition showcases the brand new enthusiasm amongst our formative years, and the eagerness amongst them to do one thing new, he stated.

    Talking about new inventions and leading edge spirit a few of the formative years, Singh stated, “I am totally assured that quickly our nation will probably be a few of the main nations on this planet with recognize to inventions, and prefer previously, at some point too India will emerge because the lighthouse to all the global.

    “iDEX has to this point offered masses of innovators to the marketplace, he stated, including that thus 1000’s of expert and semi-skilled Indians were helped in direct and oblique employment technology. The Defence Ministry has additionally authorized a simplified, and fast-track process for procurement from iDEX start-ups and MSMEs,” the Minister stated.

    iDEX has opened avenues for reaching self-reliance within the defence ecosystem.

    “So as to inspire our new marketers for the improvement of bigger initiatives, we now have determined to extend the grants given to this point,” he stated, including that this displays the federal government’s enhance for the arduous paintings, willpower, and encouragement of our innovators and start-ups.

    ALSO READ | Aero India 2023: Goal is to take defence exports to USD 5 billion by means of 2025, says PM