By
Tricitynews
Chandigarh 11th October:- Shortlisted by the NITI Aayog, as one of the 13 institutes
nationwide to host the prestigious, innovation-oriented Atal Incubation Centre
(AIC), the Goa Institute of Management (GIM), one of the premier B-Schools in
India, will host its AIC's first initiative, IdeaLab 2018, an international
event featuring over 300 start-ups.
IdeaLab
2018 is one of the several initiatives undertaken by GIM to celebrate its
completion of 25 years of imparting knowledge to the country’s future corporate
leaders.
IdeaLab 2018
is an initiative of the World Islamic Economic Forum Foundation’s Young Leaders
Network (WYN) and the Goa conference is the event’s fourth edition.
It is a
distinguished start-up conference that cultivates entrepreneurs and assists in
the development of start-up ecosystems. IdeaLab's relevance is from its
assorted features, that spur key players in the global start-up ecosystem to
network, share experiences, find ways to sustainably scale up and explore
business collaborations.
After three
successful editions in Kuala Lumpur, IdeaLab has expanded beyond ASEAN with its
first regional edition to be held at the GIM campus in Sanquelim, on October
16-17, 2018 with a primary focus in early stage start-ups.
Tun
Musa Hitam, Chairman of WIEF Foundation, said that this is the first time WIEF’s IdeaLab has
travelled out of its home city, Kuala Lumpur. We started IdeaLab in 2015 and
aimed for it to become a startup empowerment platform. Goa fits the bill
perfectly for IdeaLab 2018 as Goa’s government has proclaimed to make Goa not
just a national startup hub, but the top 25 startup hub in Asia, by 2025.
Added Prof.
Ajit Parulekar, Director, GIM said that the Atal Incubation Center (AIC) at GIM
will serve as an active knowledge and resource catalyst for the development of
promising entrepreneurs and will aid in accelerating the growth of early stage
organizations from ideation to marketplace success. Goa Institute of Management
(GIM) in its 25th year of operation has taken on this initiative.
IdeaLab
2018 would also provide an excellent platform for promoters of young Goan
start-ups to network, learn more about the global start-up ecosystem, while
also enabling them to engage with resource persons and experts invited to the
conference to deliberate on new trends, trouble-shooting, nurturing and
expanding young businesses.
Some of the
top names who have confirmed attendance at the event are former Deputy Prime
Minister of Malaysia and Chairman of WIEF Foundation Tun Musa Hitam, Managing
Director of TransAfrix Holdings, South Africa Ebrahim Patel, Portfolio Manager,
500 Startups, United States, Betty Kux, Chief Executive Officer, Joompa,
Singapore Anisa Hassan, President, Mumbai Angels Network, India, Sachin Karnik,
etc.
Startups
in India are hitting new highs in terms of their valuations. Global investors
are ploughing funds into the sector. In the past, the startup scene has been
defined by consumer-driven ventures. Lately, there has been a shift in that
ecosystem as India’s startups begin to focus on technology and product
innovation.
This
trend is largely being driven by India’s expanding economy, rising disposable
income, and the technology boom. India has seen a wave of entrepreneurs trying
to tap the market with new ventures. India’s GDP grew at 7.7 per cent in the
first three months of 2018, making it the world’s fastest growing major
economy.
According
to data from Nasscom, the number of startups funded and funding deals actually
went up marginally in 2016. VCs raised US$2 billion for investment in seed or
early-stage startups. Student entrepreneurs formed 350 startups in 2016, a 25
percent rise from 2015. With reference to industry body, Assocham’s numbers,
India ranked third in the world – just after the US and the UK – when it comes
to the number of tech startups .
IdeaLab
2018 will also provide a good opportunity for GIM to showcase world class
incubation facilities at its AIC, which is the third incubation centre to be
set up within the state.
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