Man oh man, what a day it has been so far in Bengaluru. TechSparks, a whirlwind event that dove head first into the world of Indian startups, kicked off with a bang today. The two-day event is expected to bring in a lot of action on the startups, with conversations and ideas flowing freely around a number of areas, including financial technology, e-commerce, fashion, artificial intelligence and Internet of Things.
The event started with a very entertaining and inspiring keynote by Shri Amitabh Kant, CEO, NITI Aaayog, who re-emphasized the importance of startups in a business ecosystem: “We are promoting startup ecosystem by removing several hurdles. If you’re able to innovate for India, you will find the innovation for the world’s 7 billion people.” He said that as he speaks 30 Indians are moving from rural to urban India every minute.
The day is packed with interesting insights from entrepreneurs who fought against all odds to make their startups successful. The panel discussions on “How Fintech is making #DigitalIndia a reality” and “What does it take for an accelerator to succeed in India?” were particularly interesting.
Sanjay Swami, the Indian Technologist & Venture Capitalist, acknowledged the hurdles, but sounded a positive note. “There are USD 600 bn in new market cap opportunity in the next few years. Although there are many hurdles in getting partnership with #Fintechs, esp. banks, once you cross them, there’s so much you can do”:
Meanwhile, people from different domains have been popping in our booth since morning, making for quite fun and interactive conversations. We’re also giving away a printable “Startup Paramapadam,” our unique twist on the fun game of snakes & ladders, through which you can test your startup’s success quotient. An engineering perspective to a startup’s journey, Paramapadam is based on our experience of working with over 300 startups.