'Inclusive Entrepreneurship' at TiE Summit

BANGALORE, INDIA: Build economies but expanded welfare as well, said Dr Schramm, thought leader on social entrepreneurship, during the second day of TiE Entrepreneurial Summit 2008. The second day of the summit focussed on the importance of “Inclusive Entrepreneurship”.

Microsoft, a worldwide partner of TiE, announced the formal India launch of BizSpark, the entrepreneurship support program.

The second day saw a host innovators and entrepreneurs such as Dr. Carl Schramm, president and CEO, Ewing Marion Kauffman Foundation, S Gopalakrishnan, CEO & MD, Infosys Technologies Limited, Kiran Mazumdar-Shaw, chairperson & MD, Biocon India Ltd, Rohini Nilekani, chairperson & founder, Arghyam, Ramesh Ramanathan, co-founder, Janaagraha, Satish Reddy, MD and COO, Dr Reddy’s Labs, Subroto Bagchi, gardener & director, MindTree Ltd etc.

Captain G R Gopinath, CEO, Air Deccan, said: “Entrepreneurs destabilise the status quo. They create wealth and jobs for the country. Governments have to create the ecology for the entrepreneurial spirit to thrive and translate ideas and dreams into great enterprises for equitable growth. And TiE is doing a great job in giving the fillip to the dreams of entrepreneurs to take the plunge.”

Rohini Nilekani, Chairperson & Founder, Arghyam, said:"De-risking entrepreneurship for the poor was a priority,” during a panel discussion on how microfinance was poised to empower the next million entrepreneurs.

Kiran Mazumdar-Shaw, chairperson & MD, Biocon India Ltd, during a panel discussuion on ‘Igniting India’, said: “The Indian economy thus far has been shaped by two distinct waves of entrepreneurship. The first wave of entrepreneurs built India's manufacturing sector which has attained global leadership in generic pharmaceuticals and engineering goods."

"The new millennium saw the second wave of entrepreneurs who built world class knowledge-led services sector in IT and life sciences. The next wave of entrepreneurs has a unique opportunity to pursue innovation led product development that has the potential of positioning India as a global hub for Research & Development,” Kiran added.