Archive for the ‘Mentoring’ Category
The facility is to cost around $300 million and will incubate 5,000 startups in five years.
Saundarya Rajesh has helped more than 8,000 women get back to work.
Her inspiring story, and advice to women who want to take a mid-career break:
First, a few startling statistics.
- India is ranked 123 when it comes to the female-male ratio at the work place.
- 48% per cent of women in India abort their careers midway; this is 20% more than the global average.
- The Indian woman’s contribution to the national GDP is 17%, which is much lower than the global average of 37%.
- If the participation of women in the Indian workforce can be increased to 41% by 2025, it can add an estimated Rs 46 lakh crore ($700 billion) to the GDP.
No wonder then when someone like Dr Saundarya Rajesh helps women restart their career after a break, the effort is considered significant.
Saundarya was recently selected for the #100Women Initiative started by the Union ministry of women and child development, in collaboration with Facebook, to recognise and acknowledge women who are making a difference in their communities across the country.
These 100 women will meet President Pranab Mukherjee and Union Minister for Women & Child Development Maneka Gandhi in Delhi on January 22.
Saundarya’s journey as an entrepreneur began in 2000 when she co-founded Avtar with K Umasankar. Avatar then had five employees.
In 2005, she started Avtar I-Win to help women find a second career after a break. Ten years later, they have 42,000 women professionals in their network.
More than 8,000 women have re-entered the workforce because of Saundarya and her team.
In the meantime, she completed her PhD on women’s work force participation. In her own words, Saundarya shares her story of how she decided to help women find a career after a break.
Microsoft is interested in working with entrepreneurs on building last mile technological connectivity with India’s rural areas, CEO Satya Nadella said on Monday.
Addressing a gathering at T-Hub, a technological incubator promoted by the Telangana government, Nadella advised the start-up community to learn from the failures.
“Whatever technology you use, like white space technology, it is important to get the last mile connectivity to rural areas. We are interested to work with entrepreneurs in that space. The idea should have marketability,” he said.
Microsoft recently launched a pilot project in Kenya to deliver low-cost, high-speed wireless broadband and create new opportunities for commerce, education, healthcare, and delivery of government services across the African country.
It is the first deployment of solar power-based stations together with TV white spaces, a technology partially developed by Microsoft Research, to deliver high-speed Internet access to areas currently lacking even basic electricity, Microsoft had said.
Nadella said people celebrate failures only when they learn lessons from them and correct mistakes.
“Failure plays an important role as it gives an opportunity to learn from it. Celebration of failure comes only when we learn lessons from it,” he was quoted as saying by a government official in an interactive session where media was not allowed.
Infosys CEO Vishal Sikka, Nasscom Chairman B V R Mohan Reddy and Dr Reddy’s Laboratories CEO G V Prasad were also present during Nadella’s visit at the T-Hub.
T-Hub is a technology incubator with collaborative efforts from Indian School of Business (ISB), International Institute of Information Technology (IIIT-Hyderabad) and NALSAR University of Law besides various other organisations.
An entrepreneur, who was present during the interactive session, said it was a great inspirational and thought provoking speech by Nadella who said concept, capability and culture are the mantra of success.
“When we asked about the focus of Microsoft, Nadella said they would focus more on product development rather than services,” he said, adding that entrepreneurs should come up with ideas which will have marketability.
A senior government official said Microsoft would help build a start-up ecosystem in Hyderabad.
A senior official had earlier said that Nadella was expected to unveil some government policies, like IT Policy, during his visit on Monday. However, it could not take place as the election code of conduct is in force in the state.
Nadella’s visit was kept a low profile affair as his tour was strictly personal.
Earlier in the morning, he met Andhra Pradesh Chief Minister N Chandrababu Naidu at the latter’s residence.
After testing its startup mentor programme in Israel, search giant Google is now turning its focus on Indian startups. The company has picked India to kick-start its startup mentorship programme Launchpad this year, signalling its growing interest in Indian startups.
On Monday, it launched the first of four such week-long programmes, during which a set of mentors from Google and other companies will coach startups looking to grow. “This is one of our large scale new programme offering,” said Sunil Rao, who heads the startup initiative for Google India. While Google has an interest in growing India’s digital economy, the startup programme could also turn into a pipeline for Google’s investment arm.
The company’s venture capital arm had recently picked up a stake in real estate portal Commonfloor and Freshdesk, a Chennai-based customer support tool. In India, Google plans to mentor close to 100 companies through Launchpad, which was started on a small scale nearly three years ago in Israel. Last year, it was conducted in 20 different cities.oogle benefits from the growing digital economy, as companies spend on Google to acquire customers. In the year ended March 2014, Google’s revenue crossed 3,000 crore, up 47% YoY, helped by increasing online advertising spend.
All the “bits and pieces” of Google’s startup programmes will be consolidated under Launchpad. “It will be like one offering to the developer from a startup perspective,” said Rao, country head, start-up ecosystem India, Google India.
“It will be like one offering to the developer from a startup perspective,” said Rao, country head, startup ecosystem, Google India. The company plans to take Launchpad to 50 cities this year but in India, most of its activities will be focused in Bengaluru. Rao, who heads the developer relations team for Google in India, has grown the Google developer community to one of the biggest with 45 chapters.Google Developer Relations was set up in India about five years ago in Hyderabad.
The team now has four people and operates out of Bengaluru, the largest among such teams for Google. It mainly focuses on creating Google developer groups, focused around Google technologies such as the Android operating system.
India is one of the largest Google developer ecosystems, with a large number of Android developers.
Increasingly, India has become core to Google’s vision of getting 7 billion people or the world’s population to use the Internet.
Many top executives of the $60 billion search company have been visiting India over the last few months, signalling its increasing interest in India’s growing Internet economy. Last September, Google launched its Android One programme to make smartphones affordable in India and other Southeast Asian countries.
The Indus Entrepreneurs’ Hyderabad chapter launched Dec. 18 its Billion Dollar Babies project for startups.
An initiative of TiE’s Silicon Valley chapter, the B$B project will select a few startups from India which have a potential to become a $1 billion company. The program aims to help select Indian product startups reach $1 billion in global enterprise value through this ambitious initiative that promises to leverage the reach and resources of TiE Silicon Valley, said a statement.
With its first class next month, the program will bring selected startups to Silicon Valley. It will help entrepreneurs go global, connect with mentors, potential customers and venture capitalists.
The companies will be able to participate in the TiE CIO Forum and other educational events, and receive help with legal, accounting, HR/benefits, hiring, marketing, and other company-building tasks. The project was unveiled by Venktesh Shukla, president of TiE Silicon Valley. “The program represents a unique opportunity for young Indian companies aspiring to break through into a competitive global market,” the Indian American entrepreneur said.
Click Here to read more