VURAM founder Venkatesh Ramarathinam spoke at Thiagarajar College of Engineering in Madurai on Thursday. | | Photo credit: R. ASHOK
IAS Balamurugan, Managing Partner of ANICUT Capital, said:
Balamurgan spoke here on Thursday at an open house for startups in the Southern Region, organized by the Technology Business Incubator at the Thiagarajar College of Engineering, addressing the Black Death, smallpox, the Spanish flu, the plague and most recently COVID. said people had regained their resilience after various major crises in . -19. Due to demonetization, a unified payment interface has flourished in India.
A capital-starved country, India attracts foreign investment from corresponding sparsely populated countries to create the enormous infrastructure the country still needs. Entrepreneurs had ample potential in areas such as health, logistics services, fintech, fast-moving consumer goods, and clean tech.
Entrepreneurs can be successful even in small units if they can not only create jobs but also impact society with their services and products and become an integral part of people’s lives.
However, he advised to seek funding only if the innovative idea cannot be scaled up without additional funding.
Vuram founder Venkatesh Ramarathinam says entrepreneurs need to be clear about why they want to start a startup in the first place. They must have an unwavering focus and belief in the success of their venture and must not be distracted by other compelling opportunities.
Ramaratinam said incentives for workers would help launch the joint venture. “Combine external talent with locally grown talent and always be open to change for improvement,” he said.
Hiring the right people and respecting and rewarding them helps, he added.
K. Hari Thiagarajan, Director of TCE, said it is important for entrepreneurs to improve people’s lives and keep trying to innovate. He added that the startup open house will become an annual event at the university.
Principal M. Palaninatha Raja (in charge) and S. Chandran Dean – Student spoke.