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Startups foresee growth under forthcoming policy in Karnataka

Tags: Rahul Gandhi, Bigbasket, Hari Menon

October 13, 2015 | COMMENTS ( 0 )

Startups foresee growth under forthcoming policy in Karnataka

Karnataka is set to come up with a comprehensive startup policy. Rahul Gandhi held discussions with 15 startups from the state on the main demands of the industry for accelerating the growth of the ecosystem. State industry minister, RV Deshpande and IT minister, SR Patil discussed the various challenges in infrastructure and manpower, reported TNI.

Deshpande said that the state is not competing with other states of the country in terms of attracting startups but with Silicon Valley. Rahul said the state should aim to come up with the best startup policy rather than focusing on being the first. The meeting was more about firms that employ large number of blue collar workers.

Hari Menon, CEO and Co-Founder, Bigbasket said, "We get a sense that the government is very serious about the startup policy and the aim is to become proactive than reactive. Unless you bring some structure, the opportunity will be lost."

The policy envisages a strategy where the government will look at a small independent and professionally managed group under a CEO for executing decisions taken under the startup policy. The policy will look at providing funding, incubation, mentoring apart from helping the startups get skilled manpower by training the workforce from tier II and tier III cities that migrate to bigger cities.

Meena Ganesh, CEO and MD, Portea Medical said, "It was an open discussion to understand grassroot issues and engage with startups constructively." Rahul told Deshpande to incorporate all suggestions from the industry. The company representives included eminent people like, Naganand Doraswamy, Director, TiE ; Sharad Sharma, Co-Founder, iSpirt ; Neeraj Kakkar, Founder, Paperboat. 

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