Innovation is an essential element for any efficient entrepreneurship venture. It becomes equally important for every entrepreneur to explore this aspect in a strategic manner while developing their business model. Government of India has made significant efforts in the area of entrepreneurship development and there is one institution which is aimed at bringing strategic value of innovation for startups.
Yes, we are talking about (AIC) Atal Incubation Centre- Rambhau Mhalgi Prabodhini (RMP) Foundation which was set up not very long ago and is designed to align with Atal Innovation Mission (AIM), NITI Aayog to nurture, handhold and support new-age entrepreneurs for new-age India. The focus is on job creation through entrepreneurship in the domains of Agriculture, Education, social enterprises & ICT. It also aims to create & support sustainable business models at a grassroots level including social enterprises.
With regards to entrepreneurship and contemporary trends and innovation, real insightful information have come from an exclusive interaction between Mr. Uday Wankawala, CEO of Atal Incubation Centre-RMP Foundation and Mr. Faiz Askari founder of SMEStreet.in. From COVID-19 to Artificial Intelligence to trends like skill development, various aspects were discussed and highlighted. Most importantly, the conversation also unleashed a fresh approach towards entrepreneurship development which doesn’t really need to start from IITs or IIMs but from a dedicated and firm will of an entrepreneur.
Here are edited excerpts:
“The Economy will demand ’Smart & Hard-working’ entrepreneurs with feet on the ground and focused on ’solving’ real problems than just raising funds. India may see the movement of people to ’state of Origin’ with the increased use of technology along with upgrading skillsets, knowledge to stay afloat.”