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Some facts which I found interesting are as below:
Dr CK Prahlad’s idea is catching fire in India – eg. The low cost designed phone Nokia 1100 specifically targeting the Indian audience
Lot of Venture Capital is now available in India.There is a new breed of Entrepreneurs turned VCs who are very happy with the growth rate.
There is a product ecosystem focussing on Product development,Product architecture that has developed in India.
Ever since I have heard Rohit Agarwal(the innovator) of TechTribe speak at the BarCamp,Bangalore I was very much impressed with him.I just thought “Whether TechTribe can be India’s answer to LinkedIn?”
He had a point about Indians in particular-“Indians are innovative at each point of time”.He had a very good example of Innovation(which according to him is not thought about everywhere) –“Even, when we(Indians) want to cross the road and (damn),there is lot of traffic,we try an alternate way to reach the other side of the road”.This is just a small example of innovation in each and every Indian mind[Am I being too patriotic :-)].Now,why connect on TechTribe when you have LinkedIn,keep on reading.
“A 30 year old IIT grad Avinash Agarwal not only got around Rs 10 Lakh funding for his startup RouteGuru through TechTribe(after he posted the idea on TechTribe) but he also gets guidance from some of the well established professionals from the industry.”
Visit my Techtribe profile to connect with me and join the innovative era!!!
Check this one,this is just the start of innovation on TechTribe
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The Google decision may be unusual for the company, but it’s a smart option at this point in India. Google has its own R&D team in India to offer local systems for the emerging market, but their success depends upon how rapidly and effectively they are adopted.
The reality is that India’s Internet market is not yet mature, with only 40 million users going online by the end of 2006, according to the Internet and Mobile Association of India.Seedfund managing partners Mr. Gandhi and Bharati Jacob have run Infinity Ventures, a profitable early-stage fund when the term was not fashionable in India. Another partner, Mahesh Murthy, is a successful entrepreneur and venture
capitalist.“At the seed stage, teams with big ideas need less money and more mentoring from people who have an entrepreneurial background,” Mr. Murthy said when the fund launched just two months ago. Given the names who have invested in his fund, he seems to be on the right track.
Mobile phone subscribers now number 150 million, but average revenue per user is still low at about $5 per month. Startups targeting either market are still not quite as mature as the companies in which Google typically invests.
After going to Proto,I have got a habit to check Vijay Anand’s blog since, it was a fantastic effort by him(and his other team members) to bring innovation under one roof.The end note by Atul Chitnis-“This is the start of an Innovative India” was absolutely amazing.But still, I missed somethings in Proto eg.I could not blog the event live just as I did in BarCamp and due to tight schedule could not click any photographs 🙂