Smart Entrepreneurship in Challenging Times
TiEcon Delhi, the ninth annual flagship event of The Indus Entrepreneurs (TiE) hosted an impressive lineup of speakers, participants, enthusiasts and observers. For two days, 18-19th September, the event underscoring the theme—Smart Entrepreneurship in Challenging Times—showcased parallel sessions on mentoring, networking, company showcase and deal flow meetings alongside regular and specific discussions on number of issues related to entrepreneurs. Apart from covering the overall gamut of entrepreneurial ecosystem, there were sector-specific panel discussions on what is the right time for start-ups, and opportunities during economic recession.
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Among the eminent speakers were P. Chidambaram, Home Minister, Ministry of Home Affairs; Sir Richard Stagg, British High Commissioner; Pramod Bhasin, President & CEO, Genpact; Vikram Bakshi, Chairman-Ascot Hotels & Resorts & Managing Director & JV Partner, Connaught Plaza Restaurants; Naveen Munjal, Managing Director, Hero Electric; Deep Kalra, Founder and CEO MakeMyTrip.com; Varun Sahni, Country Head Acumen Fund; Amir Alexander Hasson, Founder and CEO United Villages.
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The Home Minister, inaugurating the conference, said: “Entrepreneurship is a difficult word to define, an entrepreneur has a difficult path to choose and a difficult path to tread. Many succeed and many fail. An entrepreneur who trips and falls down once; if he is a true entrepreneur will pick himself up and walk the same path or a different path with greater determination. An entrepreneur chases a dream, pursues an idea, and seeks a goal. So I think there is much to be said about entrepreneurship and any organization which promotes entrepreneurship rather than simple businesses.”
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The speakers talked on many issues but suggested that economic recession has opened up lots of options for small enterprises.
Day 1 was power packed with discussions and panel meetings focusing on opportunities during the challenging times that are thrown by economic downturn. Smart innovation focusing on grass-root innovation was another area that got good attention and alternative energy sector received good amount of discussion time.
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Day 2 saw some specific topics dealt with start from policy, scaling up, and how to manage cash and costs. What kind of opportunities are lying untapped in security sector and how leadership can make it happen.
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