Startups Club & University of Hyderabad, host Technology Business Incubator DEMO DAY at UoH!
* Shri Nrupendar Rao, Chairman, CII, Telangana; inaugurates it
Hyderabad, March 19th 2016: Startups Club in collaboration with University of Hyderabad, hosted Technology Business Incubator DEMO DAY on Saturday at University of Hyderabad. Chief Guest Shri Nrupendar Rao, Chairman, CII, Telangana, inaugurated DEMO DAY; Prof. V. Venkata Ramana, Coordinator, TBI-UoH & Prof. B. Rajashekhar, Dean, SMS, UoH, were also present on the occasion.
Startups Club is a premier destination for early stage startups and is present across Bangalore, Chennai, Coimbatore, Hyderabad and Mumbai, with Ahmedabad, Cochin, Delhi, Pune, Vizag & Dublin (Ireland) just launched. It organises startup meetups across the 11 cities regularly. These meetups discuss various topics that are relevant to startups and encourage discussions amongst members based on their experiences. It has more than 6000 plus members across the 5 cities.
The Demo Day is a pan-India hunt for startups by Startups Club and an opportunity to facilitate meetings with investors to pitch ideas directly, to get validated and get funded. Technology Business Incubator (TBI) is an initiative of the Department of Science and Technology (DST), Government of India and is promoted by Society for Innovation & Entrepreneurship in Dairying (SINED). TBI promotes the concept of growth through innovations and applications of technology, support, economic development strategies for Small Business Development.
Speaking on the occasion Shri Nrupendar Rao exhorted the youth by saying that this country belongs to you. India is young as 50% of population is below 25 years and no other country is in this advantageous position and there are tremendous opportunities for the youth to capitalise on. According to Citibank and Goldman Sachs report, India which is the fourth largest economy today will be in 3rd position by 2020 and the number one economy and economic super power by 2050. Entrepreneurs initiating start ups are job creators and not job seekers, therefore you are the masters of your destiny. This journey of entrepreneurship is arduous, there will be several obstacles on your path, don't give up and continue with perseverance to achieve your goal. You should nurture loads of competitive spirit, face challenges boldly and think out of the box to be successful in your endeavour, he said.
Prof. V. Venkata Ramana said entrepreneurship, innovation and incubation was new to UoH though it was one of the finest universities in the country with extensive research being done, but were not very successful in the lab to market journey. In 2008 with the then Vice Chancellor's encouragement got funds from Government of India to set up a Technology Business Incubator, probably one of the first incubators in the country to be set up in the university system. Since than we have progressed well and currently have eight incubatee, ten patents filed, tens works in the last phase, he said.
Technology Business Incubator Demo Day serves as a bridge between entrepreneurs, as there is much that can be achieved through collaboration amongst them. It gives an opportunity to learn about challenges ahead from individuals who took a leap into entrepreneurship and built their businesses. This platform encourages as well as supports innovation and is already working with some of the leading science and technology initiatives to facilitate this.
