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Webinar Findings WEBINAR FINDINGS - ENHANCING THE BUSINESS ECOSYSTEM FOR START-UPS IN MADHYA PRADESH ATAL BIHARI VAJPAYEE INSTITUTE OF GOOD GOVERNANCE & POLICY ANALYSIS, (AIGGPA), BHOPAL INDEX 1 Background.............................................................................................................. 01 2 Panelists.................................................................................................................. 02 3 Minute to Minute Schedule...................................................................................... 03 4 Key Take Aways...................................................................................................... 04 4.1 Promotion of technology & innovation induced entrepreneurship culture in MP.. 04 4.2. Support in grounding of the concepts and incubation handholding..................... 07 4.3. Aligning the financing setup that matches the start-up requirements.................. 10 4.4 Shaping the demand environment for innovative startups...................................13 5. Q & A.......................................................................................................................16 01 BACKGROUND Start-ups play an essential role in the growth and development of the economy. Start-ups create employment and contribute to economic dynamism by spurring innovation and injecting compe- tition. In order to promote and support start-ups in India, the central government had started Startup India Program (SIP) in 2016. It is noteworthy that since its launch, various programs have been rolled out to support budding entrepreneurs and transform India from a country of job seekers to one of job creators. To make SIP, more participative and competitive, central government rolled out States Startup Ranking program in 2019. This ranking program was envisaged to energize the participating States towards achieving the right goals for supporting their start-up ecosystem holistically. It was established with seven broad dimensions: Institutional Support, Simplifying Regulations, Easing Public Procurement, Incubation Support, Seed Funding Support, Venture Funding Sup- port and Awareness and Outreach. Based on the past year's rankings, Gujarat emerged to be the best performing state, and Andaman Nicobar was best amongst the union territories. Karna- taka and Kerala were to top performers, and Maharashtra, Odisha, Rajasthan were the leaders in the ranking system. Madhya Pradesh (MP) was in the category of the emerging startup eco- system. Further, in consonance with government initiatives, MP has launched Incubation and Start-up Policy, 2016, and with some update in 2019. The specific focus areas as per the policy are textile manufacturing, automobiles, food processing, soya processing, engineering and agriculture equipment manufacturing. Despite these efforts, the number of start-ups in MP is low, (1200 start-ups till 2018, as per DataLabs) and the success ratio is also not inspiring. As per the analy- sis of State’s Start-up ranking 2019, the performance of MP has significant scope of improve- ment across the above mentioned seven pillars. Therefore, rejuvenated efforts are the need of the hour for noticeable outcomes. To this end, the department of MSME (MP) has expressed a keen desire to understand the current challenges and learn from the better industry practices. Centre for Economic Sector (CES) at Atal Bihari Vajypee Institute of Good Governance & Policy Analysis (AIGGPA), Bhopal is the associate partner to the department of MSME, Govt. of MP for start-up initiatives and actions. AIGGPA would work alongside the department and the stake- holders to suggest actions to boost the startup ecosystem in MP. In the current cycle, a webinar series is planned with an objective to get inputs on the ongoing challenges and more importantly the suggestive path that help in altering the startup landscape in MP. Specifically, the first webinar will focus on the following core areas with the views from the industry experts: 1. Promotion of technology & innovation induced entrepreneurship culture in MP 2. Support in grounding of the concepts and incubation handholding. 3. Aligning the financing setup that matches the start-up requirements 4. Shaping the demand environment for innovative startups 02 EXPERT-PANELISTS Founder and General Partner of Monta Vista Capital, Silicon Valley, Venktesh Shukla has been involved with numerous start ups as an executive, investor, board member, or adviser. As President of TiE Silicon Valley and Chair of TiE Global, he has had transformational impact on the organization in Silicon Venktesh Valley as well as at TiE Global. Shukla An academician in the areas of Entrepreneurship Education, Dr. Acharya holds expertise in training budding entrepreneurs as well as grooming developed entrepreneurs. He is an Associate Senior Faculty at EDII. He is engaged with Startup focused initiatives of Government of Gujarat, MHRD Dr Satya R Innovation cell at All India Council of Technical Education and various Acharya universities/Institutions. Siddharth Chaturvedi is the Director of AISECT Group of Universities, Bhopal, an organization working across areas such as Education, Training, e-Governance and other services, predominantly in rural and semi-urban India. Siddharth Chaturvedi Pradeep is the founder, key promoter and Managing Director of Vision Advi- sory Services (P) Ltd. He continues to lead a lot of initiatives and ventures. He is also an expert in human resources and excels in shaping business strategies, identifying human capital implications and designing. Pradeep Karambelkar Umang Shridhar is the founder of KhaDigi, a business-to-business fabric supplier platform which aims to empower women/artisans in rural India. For her efforts towards reviving Khadi along with making sure that the artisans and weavers benefit from the work, Forbes has included Umang Shridhar in its 30 under 30 list of young achievers. Umang Shridhar To make agri-business a respectable, profitable and preferred choice of profession for the next generation, Salman Haider designs and Implements new and Innovative Financial Products for Farm Sector. He is Vice President Operations at farMart AgriFinTech. Salman Haider Karan handles the corporate engagement and business development at SAB. Karan has done his MBA from Indian Institute of Forest Management, Bhopal. Previously, Karan has been associated with Skill Development Mission of Andhra Government and various skilling organizations like Skills Karan Academy, AISECT etc Girdhar 03 Atal Bihari Vajpayee Institute of Good Governance & Policy Analysis (AIGGPA), Bhopal Webinar on Enhancing the Business Ecosystem for Start-Ups in Madhya Pradesh Minute to Minute Schedule Date: 30th January 2021 Time: 10:30 A.M. to 1:30 P.M. Session Type Session Name Timings Description Speaker Inaugural Plenary 10:30-10:35 Welcome Remark Mr. Manoj Kumar Jain, Session 10:30-10:50 Sr. Advisor, CES, AIGGPA 10:35-10:40 Introductory Shri Rahul Chaudhari, Remark by Principal Advisor, CES, Moderator AIGGPA 10:40-10:50 Setting the tone Shri Vivek Porwal, Secretary, MSME, GoMP Promotion of Presentation 10:50 – 11:05 Presentation by Shri Karan Girdhar, CEO technology & 10:50 -11:25 SAB (Skill arts and beyond) innovation 11:05-11:20 Presentation by Shri Satya Acharya, faculty induced & Director, Incubation entrepreneurship Centre" Cradle" culture in MP EDII, Ahmadabad Discussion Q&A 11:20 – 11:25 By Participants Support in Presentation 11:25 -11:40 Presentation by Shri Vibhanshu Kumar, grounding of the 11:25 -12:00 Government Business concepts and Advisory, PwC incubation 11:40 -11:55 Presentation by Shri Pradeep Karambelkar handholding Vision Advisory Services Pvt. Ltd. and Chairman, PHD Chamber of Commerce, MP Chapter, Bhopal Discussion Q&A 11:55– 12:00 By Participants Aligning the Presentation 12:00-12:15 Presentation by Shri Vanktesh Shukla financing setup 12:00 -12:35 General Partner. Monta that matches the Vista Capital, Silicon Valley, start-up Ex-President, Tie global requirements 12:15-12:30 Presentation by Ms.Umang Shridhar Founder, Khadi Gi (Start-up Forbs 30 under 30) Discussion Q&A 12:30 –12:35 By Participants Shaping the Presentation 12:35-12:50 Presentation by Shri Salman Haider ‘demand’ 12:35- 01:10 Vice President, Operations environment for Agri-tech FarMart, Lucknow innovative 12:50 - 01:05 Presentation by Shri Siddarth Chaturvedi startups Director, AISECT Group & President, CII, MP Chapter. Discussion Q&A 01:05 – 01:10 By Participants Open Discussion 01:10-01:20 01:10 – 01:20 By All Valedictory 01:20-01:30 01.20 - 01:25 Concluding Dr. Swati Singh Chauhan, Session Remark Advisor, CES, AIGGPA 01.25– 01:30 Vote of Thanks Shri Girish Sharma, Director, AIGGPA Promotion of Technology & Innovation 05 Promotion of Technology & Innovation Induced Entrepreneurship Culture in MP The experts proposed the following points to promote technology and innovation induced entre- preneurship culture in MP. 1. The expert suggested that the state government should collaborate with grassroot organ- isations that work on ground level with the communities. In many cases, global organisa- tions do not understand working with indigenous and tribal people. 2. The state government can play a significant role in creating the culture of risk-taking, problem solving through inclusive academic set up. In such a setup, the average students can also perform and take initiatives to solve the problems. 3. The entrepreneurial culture should be created to understand the differentiation between
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