‘Industrial atmosphere conducive to start entrepreneurial ventures’

‘Young people have a lot of innovative ideas but lacked knowledge to execute them’

Updated - April 02, 2016 05:40 am IST

Published - April 02, 2016 12:00 am IST - HUBBALLI:

Ketan Deshpande, CEO of FUEL, addressing a gathering at the inauguration of a start-up festivalin Hubballi on Friday.— PHOTO: KIRAN BAKALE

Ketan Deshpande, CEO of FUEL, addressing a gathering at the inauguration of a start-up festivalin Hubballi on Friday.— PHOTO: KIRAN BAKALE

Ketan Deshpande, Chief Executive Officer of FUEL, a Pune-based NGO and Ashoka Fellow, has said that although young people in the country had lot of innovative ideas, they lacked knowledge about how to execute them.

Inaugurating a two-day “Start-up Fest 2K16” organised by KLE Society’s Institute of Management Studies and Research here on Friday, he said that like challenges in life, there were also lot of opportunities now and consequently, the atmosphere had become more conducive to start entrepreneurial ventures. “Your energy, potential and desire to work may create future entrepreneur millionaires,” he said.

Mr. Deshpande said that some of the participants might emerge as successful entrepreneurs if they believed in themselves and were committed to executing their innovative ideas.

Mentioning that everyone could not be an entrepreneur, he said that those who were not interested in becoming entrepreneurs could try to become “intrapreneurs” by showing their skills and talent at their work places. With the priorities of the Union government changing with focus on promoting entrepreneurship, more policies aimed at facilitating creation of quality human resources with acquisition of new skill-sets were likely to follow, he said.

Dilip Chandak, Managing Director of Vega Auto Accessories Pvt. Ltd., Belagavi, asked students not to worry about how society would react if one failed in his business venture.

“Instead of unnecessarily worrying about possible failure and thinking about weaknesses, one should rather focus on strengths. We should work with our business partners with loyalty and trust to make things work,” he said.

Presiding over the function, Shankaranna Munavalli, Director of KLE Society, said that only a self-motivated person could become an entrepreneur.

Welcoming the gathering, P.B. Roodagi, Director of Institute of Management Studies and Research, referred to a survey which said that 4 per cent of the population held 80 per cent of the wealth of the world and this 4 per cent were entrepreneurs.

He said that with growth in outsourcing, there was immense potential for entrepreneurial opportunities and today’s youth must grab them to emerge as successful entrepreneurs.

As many as 25 teams from across the State are participating in the event.

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