Industry

Indian entrepreneurs are more focused: Founder Institute

Indian entrepreneurs are more focused and hence succeed everywhere, according to Jonathan Greechan, co-founder of the Silicon Valley-based Founder Institute which guides entrepreneurs in establishing start-ups.

“Ninety per cent of the time the answer (to what is the main focus) came as customers. Here, the entrepreneurs are more focused and that’s why they are successful in Silicon Valley, in India and elsewhere,” he told a select gathering.

His remarks are based on the psychometric test carried on the Indian entrepreneurs during a four-month course conducted by the institute.

He said most of the Indian entrepreneurs work harder than others, are friendly in nature and act according to their conscience.

Over the last two years, the Founder Institute has helped entrepreneurs roll out 60 technology start-ups in different parts of India.

Some of the successful start-ups include Medicodesk from Hyderabad and Unbuffer and Energyly from Bengaluru.

Talking to The Hindu, Sanal Sankar, Chennai Founder Institute co-Director, said: “Founder Institute started with a vision of globalising Silicon Valley and helping entrepreneurs across the globe roll out meaningful and enduring technology companies. Indian entrepreneurs are ready to help each other in times of need. Here, we are asking them to take some equity in each other’s ventures, so that some kind of bond will be created. Every one will work for everyone else’s success. This kind of helping nature will create more successful start-ups in India.”

The Founder Institute, through its chapters, conducts a four-month programme. It provides hands-on experience to entrepreneurs through structured training, expert feedback and support from experienced CEOs. In the last two years, the Hyderabad Chapter has seen 26 start-ups graduating followed by Bengaluru with 21 and New Delhi six.

“In the first semester, 11 companies graduated from Chennai. We hope to see the numbers cracking 100 very soon. Chennai will soon emerge as the top state with a large number of start-ups,” said Gopi Mattel, co-director of the Chennai Founder Institute.

Founded in 2009 by serial entrepreneur Adeo Ressi, the institute has helped introduce over 2,100 companies across 110 cities, 60 countries and six continents.


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Printable version | May 21, 2022 5:58:03 am | https://www.thehindu.com/business/Industry/indian-entrepreneurs-are-more-focused-founder-institute/article8552021.ece