Thursday, June 18, 2020
The Policy Times (https://thepolicytimes.com/) is India’s only media which talks about public policy and foreign affairs so at a time when most of the media is busy on a lot of other issues we thought why not Policy Times spring some of the core issues for the country and the world which can take or start the development will and when we talk about restarting or reinitiating the development will there cannot be a better topic to discuss other than the start of the ecosystem and how do we re-boost or restart the start-up ecosystem of the world. This show was held to understand how the startups can be leveraged with the seniors to build superclusters, a venture studio, and also get to know more of the International experiences.
The Policy Times in association with USINPAC, P Combinator, Auto Nebula, Wellisen Nutraceuticals, and Passion Framework had organized a Webinar discussing the Cross-border superclusters and building business opportunities using innovation initiatives. They emphasized how Covid- 19 has created an impact on the startup ecosystem globally in India as well as in different countries.
The Web summit was chaired by Dr. Prakash Sharma, Ambassador of Global Start-up and with some other gem of expert panelists including Shine Gopal, Founder & Chairman at IMark Global- Cross Border, Collaborative Economy, Global Ecosystem and Open Innovation of Ventures, Daniel Mumby, known as That Startup Guy, Founder of 15X, Start-up mentor, Top Voice of LinkedIn, Angel investor and Author supporting the “experienced professionals”, and Mohan Raj Krishnaswamy, General Manager at AoSheng Hi-Tech AoSheng Hi-Tech, Wind Turbine, Carbon Fibre, Future Mobility, Materials Expert and Space Vehicles.
The host for the webinar was Mr. Akram Hoque, Founder Editor of The Policy Times starts by saying, “This show was organized to get an idea of what start-up is, how to start start-ups and how to make the use of innovations in development”. The purpose of the webinar was to discuss the Cross- border superclusters and building business opportunities using innovation initiatives and to promote start-ups in India and connect Indian start-ups with the world. One great thing connected with the start-up system is innovation and innovation late start-ups have been bringing not disruptions but a lot of leapfrogging in the industry.
Dr. Prakash Sharma, Ambassador of Global Start-up chaired the session by first thanking all the speakers to be a part of the show. He said that Passion Framework helps to connect seniors to one another and to create collaborative business opportunity and it’s a two-decade-old framework and has received very good responses from many seniors all over the world including India with 250 plus members already impaneled in 1000 found, who are actually going to join our initiative and then welcomed the speakers.
Shine Gopal, Founder & Chairman at IMark Global- Cross Border, starts the session by greeting everyone and thanking The Policy Times. He said that Covid is affecting or rather it can be said that there is 3D’s that is happening due to Covid, the first ‘D’ is ‘deglobalization’, which means organizations or countries looking at developing their own supply chains and their own manufacturing and their own hospital and health care facilities to support the citizens so that is the first impact, the opportunities in deglobalization for example countries like Africa and other emerging markets they need a lot of support in setting up their own manufacturing facilities where India can play a major role by providing them assistance or technology collaboration or innovative collaborations. So in this situation, India should collaborate or share information with global entrepreneurs and build up new industries or transfer the knowledge to other countries.
The second ‘Disruption’ is that as the government is going on funding the crisis, there will be a lot of restrictions from the government for this kind of collaboration to build new industries because of the debt. The third is ‘Digitalisation’, as India is the digital hub of the world, so we can utilize our talent to provide digital solutions across the world. We work as service providers but we do not create IP’s so we need to create IPs of our own, which can definitely get to the International market and we can benefit a lot of digital start-ups.
Daniel Mumby, known as That Startup Guy, Founder of 15X, starts by thanking Mr. Sharma and Mr. Hoque. He is a speaker, a mentor, and an author, an angel investor, and currently building a Venture Studio which is partnered with the Venture capital fund. His mission is to inspire, develop, and invest in what he calls as experienced professionals to help them to become successful Entrepreneurs. He said, “The opportunity to the markets which I’m imagining to build a business in the next 10 years have been disrupted for us and so things spaces and sectors and markets around digitalization, for instance, they’ve already been broken so the opportunity to move in and succeed in those markets in 2 years instead of 10 years is now right with us. Opportunities for the business service professionals like accounting, tax, law, finance, and I could rattle of hundred more these models have now been broken as a face to face model so people who are clever enough can figure out how to digitalize them.”
He suggested as Australia is not good at creating IP’s so it is a wonderful opportunity for Australia and India to figure out how to partner to imagine and deliver great business models in collaborations. He said, “We are not good technology wise so we could definitely partner with India as an opportunity”. He also added, “We should solve the real- world compelling problems that people are experiencing now instead of trying to come up with a next app, so instead of focusing on all those it is time to focus on real-world compelling problems like agriculture, forestry, mining, transport, logistics, water security, water safety, food security, and safety, etc. These are businesses that are crying out now with audiences and markets and customers that we can all innovate into”.
Mohan Raj Krishnaswamy, General Manager at AoSheng Hi-Tech AoSheng Hi-Tech, started with his introductory speech. He is presently supporting a lot of companies in China to move to India with the support of Central and State Government on promoting the companies and getting a lot of subsidy for the companies coming over from international. He threw light on the topic of how China has succeeded in becoming the largest manufacturing Hub today, by saying, “China has grown so much mainly due to their policies and specifically among all the policies on policy is “The Land”. When a factory set up is proposed to China it is always fast as compared to India’s factory set up because the final cost in China is less as the Chinese government is always ready to give the land eligibly free of cost if offered for start-ups. So, most people went to China for the cheaper cost of manufacturing as compared to India and that is the main reason why India is lagging behind and China is succeeding”.
Mr. Akram Hoque ended the show by thanking the speakers for joining and giving their brilliant ideas and suggestions for the start-ups and entrepreneurs and said that there cannot be a better panel to talk on such a topic and request them to join in the other future shows which can guide the startups. He added by saying, “My message to our policymakers, this is a humble request that if you can’t help startups then don’t put too much of regulations and make their life mess, please consider start-ups as your kids because they are today’s are going to give you results tomorrow, they will save the economy, they will create employment they will give you business, please consider them as your kids to all the IAS officers to all the bureaucrats to all the politicians.” He concluded by saying, “Entrepreneurs need no regulations, no bureaucracy, and no barrier because the barrier is where they start their journey”.
About The Policy Times
The Policy Times has been organizing innumerable Webinars and virtual conferences globally on perhaps all kinds of issues that are needed especially in this Covid- 19 situation, starting from the Students Career guidance, as students now are the future of the world to even discussing the Post Covid- 19 devastations.
Established on March 2017, The Policy Times is a Delhi- based media cum strategic and practical Alliance of Policy and Business Experts for right Policy and business connect leading to prosperity of society specializing through practical networking, Events, Business intelligence and research from our offices in Delhi, Mumbai, Nagpur, Chennai, Hyderabad, Kolkata, etc. Policy Times in central Ministries and state governments, Embassy and High Commissions, India’s and World’s business association, and export promotion agencies.
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