Here is official Press Release
In spite of all the buzz about Internet products, Internet landscape in India lacks basic & reliable services that people take for granted in western world. Today, Indian Internet story requires not merely cool technology but a reliable service delivery & content infrastructure that can deliver powerful productivity enhancements to millions over world wide web.
In this context Ghoomo.com's launch of movies & show time finder services signals an important value addition milestone in Indian Internet consumer space.
What makes Ghoomo.com unique is the breadth and depth of movie finder services that Ghoomo makes available to consumers in India. At present, Ghoomo covers 25 Indian cities and over 500 movie screens. In near future, Ghoomo plans to make movie finder services available to 50 cities & over 1000 movie screens in India.
Another significant aspect of Ghoomo services is an effective marriage of User Generated Content & credible content driven by robust backend processes to provide a powerful and useful movies & show time search experience.
Ghoomo.com is a part of YouMagix.com, an experimental stage family of products. YouMagix product range intends to fill content availability gaps in countries such as India by innovative application of User Generated Content.
As Ghoomo.com rolls out complete service offerings in coming days, a hassle free & seamless movie planning experience can no longer be a dream for movie goers in India.
Sunday, November 4, 2007
Saturday, October 6, 2007
Why did Lightspeed take AskLaila bet?
Ever since I heard the news of LightSpeed led $10 million investment in AskLaila, I have been scratching my head and searching for answers. For starters, AskLaila is a purely India focused local yellowpage website with an added layer of basic value added services such as user reviews.
How much ever I may wish to laugh away this investment as one of the 90% VC investments that go down the drain, the reality is that nobody, especially hardened breed known as venture capitalist, invests $10million without a clear glimpse of potential high payoff.
Here is a clue, when we look at Indian Market there are two clear realities that strike an aware mind
1. One one hand, we see a growing economy, that clearly has a potential to be one of the largest in the world in next couple of decades. With a vibrant economy comes phenomenal consumption demand that can raise many billion dollar companies in basic customer facing services alone.
2. On the other hand, we have an utterly underdeveloped consumer services infrastructure. A casual visitor from western world can clearly appreciate that India lacks basic services that everybody in the West takes for granted.
Now you start to see some method in the investment madness across sectors in India. We are talking about basic consumer facing infrastructure that can deliver reliable services day in and day out, which does not exist in India today.
When it comes to basic infrastructure, It may take a lot of investment & efforts to build something that works, but successful players will have the last laugh.
Three cheers for hundreds of AskLailas, Lightspeed Ventures, entrepreneurs and investors who have decided to take a plunge.
--
Writer is founder of youmagix.com and can be reached at subodhv AT gmail.com
How much ever I may wish to laugh away this investment as one of the 90% VC investments that go down the drain, the reality is that nobody, especially hardened breed known as venture capitalist, invests $10million without a clear glimpse of potential high payoff.
Here is a clue, when we look at Indian Market there are two clear realities that strike an aware mind
1. One one hand, we see a growing economy, that clearly has a potential to be one of the largest in the world in next couple of decades. With a vibrant economy comes phenomenal consumption demand that can raise many billion dollar companies in basic customer facing services alone.
2. On the other hand, we have an utterly underdeveloped consumer services infrastructure. A casual visitor from western world can clearly appreciate that India lacks basic services that everybody in the West takes for granted.
Now you start to see some method in the investment madness across sectors in India. We are talking about basic consumer facing infrastructure that can deliver reliable services day in and day out, which does not exist in India today.
When it comes to basic infrastructure, It may take a lot of investment & efforts to build something that works, but successful players will have the last laugh.
Three cheers for hundreds of AskLailas, Lightspeed Ventures, entrepreneurs and investors who have decided to take a plunge.
--
Writer is founder of youmagix.com and can be reached at subodhv AT gmail.com
Tuesday, September 18, 2007
Produce in Silicon Valley Sell in India
Very interesting news bytes appeared at WSJ. This story is unlike popular talk about production hub in India and marketing and sales centre point in USA. The story also emphasizes the importance of a vibrant ecosystem to support innovations and developments.
The core of the story is that there is increasing evidence that companies are choosing silicon valley for hi-tech product development even if the primary target market is developing economy. Primary reason -- such products are only possible in silicon valley that has a vibrant ecosystem of technology expertize, capital availability combined with hi-tech startup culture that are critical for success.
--
Subodh Vinchurkar, is founder of youmagix.com and can be reached at subodhv AT gmail.com
The core of the story is that there is increasing evidence that companies are choosing silicon valley for hi-tech product development even if the primary target market is developing economy. Primary reason -- such products are only possible in silicon valley that has a vibrant ecosystem of technology expertize, capital availability combined with hi-tech startup culture that are critical for success.
--
Subodh Vinchurkar, is founder of youmagix.com and can be reached at subodhv AT gmail.com
Wednesday, September 5, 2007
Corporate Venture Investment Revisited
In one of my earlier writings on corporate venture investment I had discussed economic fundamentals of venturing and why it may and may not work.
Today, I see a very elaborate analysis of Google's venture investment activity in business week. The article lists strategic reasons why corporates may want to invest in early stage startups. Some of the notable reasons given are
1. To get first right to acquire the startup in case it succeeds and a potential bidding war can risk invaluable IP going to competitor's hand
2. To deploy oodles of cash lying undeployed & get better returns on idle cash.
While I accept the first as a valid strategic reason, I reject the second as an inferior way to deploy idle cash as this can potentially harm investors interest.
In short, Google's core competence is technology innovation and not financial investment and that's what investors would like Google to do first (For theoretically inclined, there is vibrant literature available on why it is better to return cash to investors by buying back shares or paying dividends rather than venturing beyond core competence.)
Well, again, as an entrepreneur, one can only be happy to find competition for the right to acquire a share in future.
Today, I see a very elaborate analysis of Google's venture investment activity in business week. The article lists strategic reasons why corporates may want to invest in early stage startups. Some of the notable reasons given are
1. To get first right to acquire the startup in case it succeeds and a potential bidding war can risk invaluable IP going to competitor's hand
2. To deploy oodles of cash lying undeployed & get better returns on idle cash.
While I accept the first as a valid strategic reason, I reject the second as an inferior way to deploy idle cash as this can potentially harm investors interest.
In short, Google's core competence is technology innovation and not financial investment and that's what investors would like Google to do first (For theoretically inclined, there is vibrant literature available on why it is better to return cash to investors by buying back shares or paying dividends rather than venturing beyond core competence.)
Well, again, as an entrepreneur, one can only be happy to find competition for the right to acquire a share in future.
Sunday, September 2, 2007
Entrepreneurial EcoSystem -What is important?
In an interesting article, Blodget, Merrill Lynch tech analyst, compared entrepreneurial ecosystem in Silicon Valley to that of NY. As one of the noteworthy arguments he states that proximity to previous generation of successful players is more significant contributor to startup ecosystem success than that of proximity to great engineering institutions (read Stanford). The basis? -- An increasingly global engineering talent that is virtually accessible from anywhere.
May I venture to imagine that the flood of green-field investment by global tech firms in India will eventually lead to a vibrant tech innovation environment. Not a bad thought though.
Interesting article worth a read checkout
May I venture to imagine that the flood of green-field investment by global tech firms in India will eventually lead to a vibrant tech innovation environment. Not a bad thought though.
Interesting article worth a read checkout
Tuesday, August 28, 2007
Google Flags End of Commodity Yellow Page Local Search Game in India
Google has silently introduced its killer Google local application to Indian web audience. An interesting development for Indian Internet Space & this is how I look at the impact of this launch on Indian web space.
On one hand, I see big cheers from the Indian internet users who will get the most relevant yellow page results on top of Google searches for local businesses and they will get to write reviews on those businesses. On the other hand, it signals end of idea arbitrage era in this lucrative segment. Be prepared to see demise of a lot of pure play yellowpage and local search based web models in Indian internet space.
Copycat and pure no additional value plays such as business listings on Internet were destined to this fate as no one can claim copyright over a business address and a phone number. Google can always crawl all the content or listing from any website making them available to its users and a mind-share battle with Google is a non-starter.
This may not be a good news for models such as Sulekha Business Listings or new Indian startup ventures such as asklaila. Nevertheless, I do not see it as end of the road for all the players in this segment.
Internet players who are innovative and are able to provide unique value to its visitors over and beyond pure business listings or simple value additions such as plain reviews (Google listing features) will survive. Though I am biased, I list YouMagix as one of the probable survivors as it is uniquely positioned and is beyond the clutter of pure yellow page listing models under threat from Google's entry in this space.
I welcome Google local to India as it forces Indian net players to think beyond the obvious and drives them hard to innovate in order to survive and thrive in this interesting space.
On one hand, I see big cheers from the Indian internet users who will get the most relevant yellow page results on top of Google searches for local businesses and they will get to write reviews on those businesses. On the other hand, it signals end of idea arbitrage era in this lucrative segment. Be prepared to see demise of a lot of pure play yellowpage and local search based web models in Indian internet space.
Copycat and pure no additional value plays such as business listings on Internet were destined to this fate as no one can claim copyright over a business address and a phone number. Google can always crawl all the content or listing from any website making them available to its users and a mind-share battle with Google is a non-starter.
This may not be a good news for models such as Sulekha Business Listings or new Indian startup ventures such as asklaila. Nevertheless, I do not see it as end of the road for all the players in this segment.
Internet players who are innovative and are able to provide unique value to its visitors over and beyond pure business listings or simple value additions such as plain reviews (Google listing features) will survive. Though I am biased, I list YouMagix as one of the probable survivors as it is uniquely positioned and is beyond the clutter of pure yellow page listing models under threat from Google's entry in this space.
I welcome Google local to India as it forces Indian net players to think beyond the obvious and drives them hard to innovate in order to survive and thrive in this interesting space.
Friday, July 27, 2007
YouMagix: Is it Web-2.0 or is it UGC Portal?
There is a debate in blogosphere about whether YouMagix is a web2.0 portal or a yellow page portal or just another user generated content attempt.
Checkout YouMagix team's thoughts about the question.
Checkout YouMagix team's thoughts about the question.
Monday, July 23, 2007
YouMagix.com - Find your Options
A very late update as your truly was busy in launching his new venture YouMagix
Checkout YouMagix website and YouMagix Blog for more information about this venture.
Your feedback is welcome!
Checkout YouMagix website and YouMagix Blog for more information about this venture.
Your feedback is welcome!
Thursday, July 5, 2007
India New Venture Ecosystem Update - 05-July-2007
Vinod Dham on India Plans
Vinod Dham, who is working through NEA IndoUS Ventures fund for India plans, on investing in India. The article also mentions he has $189 million fund for his India plans. Checkout...
VCs on funding ventures targeting lower Income segments
Indian Venture Capital Known Names talk about investing in social entreprises working targeting lower income segments that CK Pralhad refers as bottom of the pyramid. You may find some of it (if not the most of it) interesting.
Vinod Dham, who is working through NEA IndoUS Ventures fund for India plans, on investing in India. The article also mentions he has $189 million fund for his India plans. Checkout...
VCs on funding ventures targeting lower Income segments
Indian Venture Capital Known Names talk about investing in social entreprises working targeting lower income segments that CK Pralhad refers as bottom of the pyramid. You may find some of it (if not the most of it) interesting.
Monday, July 2, 2007
Advertising to Paid Audience - A Cool Idea or an Economic Non Starter
Advertising to paid audience is an economic non-starter. The businesses have little reasons to advertise on such platforms because on is perverse economic incentive. as the receiver of ads are solely driven by incentive to make money will not have need in most of the cases for services/products that they choose to receive communication for.
enidhi blog has an interesting analysis of mGinger business model. Checkout if you want to understand the economics around a model that leverages paid audience as ad consumers.
enidhi blog has an interesting analysis of mGinger business model. Checkout if you want to understand the economics around a model that leverages paid audience as ad consumers.
Podcasting and India Startups
Podcasting is an interesting medium. Though going by the numbers, it is not a viable venture driver or a full fledged marketing medium yet, it throws up interesting options for startups if target market is around the same psycho-graphic profile.
1. If your target market is upwardly mobile, rich multimedia hungry audience. This can be a great medium to reach that niche audience with biggest ROI on marketing dollars when compared to other potential channels.
2. You can also use podcast to monetize some part of your core IP or Idea. For example, a job board can use custom podcast offering to it's advertisers as a premium service.
The moral of the story, go and leverage this new and interesting medium to get largest buck for your core idea. If you are willing and ready to wait for next 2-4 years, you may also do well to plan your venture around podcasting and vcasting (video streaming).
1. If your target market is upwardly mobile, rich multimedia hungry audience. This can be a great medium to reach that niche audience with biggest ROI on marketing dollars when compared to other potential channels.
2. You can also use podcast to monetize some part of your core IP or Idea. For example, a job board can use custom podcast offering to it's advertisers as a premium service.
The moral of the story, go and leverage this new and interesting medium to get largest buck for your core idea. If you are willing and ready to wait for next 2-4 years, you may also do well to plan your venture around podcasting and vcasting (video streaming).
Saturday, June 30, 2007
Economics of Sabzi Wala and Hitech Startups
Just read a very interesting writeup about critical questions a startup must ask while starting & running a new business and felt like sharing it with you.
Age old wisdom ranging from know your customers to know your margins. A very interesting writeup on what hi-tech entrepreneurs can learn from vegetable vendors, checkout...
Age old wisdom ranging from know your customers to know your margins. A very interesting writeup on what hi-tech entrepreneurs can learn from vegetable vendors, checkout...
Monday, June 25, 2007
How Web 2.0 can Lead to Democracy 2.0
Two thought provoking articles, taken together give an Interesting and powerful message. One echoing well understood thought that Indian startups need a Desi angle to make web2.0 work in India, and the second, airing outrage at Shiv Sainiks' voilent protests against free expression on Orkut and Youtube or vandalizm by Ambedkerites at first instance of criticism by free minds.
This brings up a very interesting dimension to Web 2.0, especially in Indian context where democracy is an import rather than a home grown phenomena. Web 2.0 has given populace a medium to take potshot, from a safe distance, at people staunchly blinded by ideology.
A larger than life cause is always a bigger motivator and can move nations. The social democratic dimension gives web2.0 entrepreneurs a new vision to fight for.
Web 2.0 paves an interesting way to a big democracy 2.0 revolution led by thinkers, technocrats & entrepreneurs.
This brings up a very interesting dimension to Web 2.0, especially in Indian context where democracy is an import rather than a home grown phenomena. Web 2.0 has given populace a medium to take potshot, from a safe distance, at people staunchly blinded by ideology.
A larger than life cause is always a bigger motivator and can move nations. The social democratic dimension gives web2.0 entrepreneurs a new vision to fight for.
Web 2.0 paves an interesting way to a big democracy 2.0 revolution led by thinkers, technocrats & entrepreneurs.
Saturday, June 23, 2007
A bold step towards Hindi Web
Startup dunia introduces lipik.in, an online product that provides users facilities to create documents in Hindi, save them and edit them later. Imagine Google documents for pure Hindi audience with no transliteration based interfaces.
A very interesting product. Though I found it extremely difficult to enter anything in Hindi -- owing to my two decades of "qwerty keyboard" mental programming (habits die hard) -- a person who never has used an English keyboard would find it an extremely useful service.
I foresee a lot of interesting action around this concept,
1. It makes internet accessible to half a billion people who can only read and write in Hindi and who have never used "qwerty English keyboard"
2. a complete new web is possible around this concept including that of email, blogs, forums & social networking platforms
I also foresee an interesting niche for VC investment with easy exit option around high value acquisitions.
A very interesting product. Though I found it extremely difficult to enter anything in Hindi -- owing to my two decades of "qwerty keyboard" mental programming (habits die hard) -- a person who never has used an English keyboard would find it an extremely useful service.
I foresee a lot of interesting action around this concept,
1. It makes internet accessible to half a billion people who can only read and write in Hindi and who have never used "qwerty English keyboard"
2. a complete new web is possible around this concept including that of email, blogs, forums & social networking platforms
I also foresee an interesting niche for VC investment with easy exit option around high value acquisitions.
Financing SmartFundit Way
Traditionally, financing against receivables, firm contracts that produce cash flows in coming months or even years, has been a good source to finance operations.
SramanaMitra blog has an interesting writeup on how entrepreneurs can use traditional and innovative financing options to Boot-Strap their ventures. With the help of marketplaces such as Smartfundit, entrepreneurs can even assist their customers finance their technology investments and expedite selling process.
Though I do not completely agree that these mechanism can substitute venture capital, I do agree that "working capital" nature of needs can be financed using such finance mechanisms. If the venture needs capital to fund asset creation including IP , entrepreneur does need risk capital to finance it.
I also found a useful Jargons section on SmartFundit that you can use to understand various options you may have to finance your needs.
Important lessons for entrepreneurs: Look for Venture capital if you need to finance assets that involve significant monetization risk. If you just need finance for working capital, there are better ways to finance your business.
SramanaMitra blog has an interesting writeup on how entrepreneurs can use traditional and innovative financing options to Boot-Strap their ventures. With the help of marketplaces such as Smartfundit, entrepreneurs can even assist their customers finance their technology investments and expedite selling process.
Though I do not completely agree that these mechanism can substitute venture capital, I do agree that "working capital" nature of needs can be financed using such finance mechanisms. If the venture needs capital to fund asset creation including IP , entrepreneur does need risk capital to finance it.
I also found a useful Jargons section on SmartFundit that you can use to understand various options you may have to finance your needs.
Important lessons for entrepreneurs: Look for Venture capital if you need to finance assets that involve significant monetization risk. If you just need finance for working capital, there are better ways to finance your business.
Tuesday, June 19, 2007
India Startups Ecosystem Update 19-June, 2007
RouteGuru provides Directions Indian Way
Sparksfly blog introduces RouteGuru an interesting startup that provides driving directions the Indian Way. According to RouteGure website, technology is from Navolve Technologies and ackend mapping data is provided by Eicher Goodearth Ltd.
Helion Venture Partners' Ashish Gupta on Venture Investing and more...
Ashish Gupta, Managing Partner of Helion Venture Partners, talks about entrepreneurship, investing and entrepreneurs.
Helion is a $140 million india focused fund and it has recently invested in Komli, Anantara Solutions and Amba Research.
The Hindu publishes this interesting and informative dialogue with an entrepreneur turned VC, checkout...
Go Global - ISB Mantra for Indian SMEs
An interesting point of view from Jerry George, LBS professor and visiting faculty at ISB, who was at the SME program organized by ISB for SME business to help them go global.
Thinking BIG is a pre-requisite for high potential enterprises and I resonate with Jerry that Indian entrepreneurs do suffer from small thinking syndrome. Even after thinking hard, I do not recall a single encounter with an entrepreneur in India who tells me that he is working on a "Billion Dollar" idea.
Helping SMEs to think global is a welcome step, well done ISB!
Sparksfly blog introduces RouteGuru an interesting startup that provides driving directions the Indian Way. According to RouteGure website, technology is from Navolve Technologies and ackend mapping data is provided by Eicher Goodearth Ltd.
Helion Venture Partners' Ashish Gupta on Venture Investing and more...
Ashish Gupta, Managing Partner of Helion Venture Partners, talks about entrepreneurship, investing and entrepreneurs.
Helion is a $140 million india focused fund and it has recently invested in Komli, Anantara Solutions and Amba Research.
The Hindu publishes this interesting and informative dialogue with an entrepreneur turned VC, checkout...
Go Global - ISB Mantra for Indian SMEs
An interesting point of view from Jerry George, LBS professor and visiting faculty at ISB, who was at the SME program organized by ISB for SME business to help them go global.
Thinking BIG is a pre-requisite for high potential enterprises and I resonate with Jerry that Indian entrepreneurs do suffer from small thinking syndrome. Even after thinking hard, I do not recall a single encounter with an entrepreneur in India who tells me that he is working on a "Billion Dollar" idea.
Helping SMEs to think global is a welcome step, well done ISB!
Thursday, June 14, 2007
adMad.mobi - A new Mobile Startup in India
Pranav introduces admad.mobi venture on Startupdunia blog. The concept is interesting and after going through the details, I believe, this is a very innovative replication of permission based "pay per view" style of marketing in mobile world. Very interesting and exciting launch checkout
Wednesday, June 13, 2007
ISGN receives $25 million Mezzanine Funding
New Enterprise Associates (NEA) and an affiliate NEA-IndoUS Ventures Fund have invested $25 million in ISGN, a software services player in mortgage sector.
This is surprising considering that software services, as a space, has become unattractive due to various macroeconomic factors. This deal may indicate one of the following
1. From investors' side, difficulty of finding good deals. Basically, too much money running after a few good plays
2. ISGN has agreed to a low valuation
3. NEA considers mortgage segment an exception in software services game
Sunday, June 10, 2007
June Entrepreneurship Events
Startup central blog lists couple of interesting events in June including TiE Mumbai Entrepreneur Nurturing Program, BlogCamp Pune & Mobile Monday Bangalore. Checkout
Friday, June 8, 2007
India Entrepreneurial Ecosystem Update June-8, 2007
Via receives $5 million in venture funding from NEA-IndoUS Ventures
Via (earlier Flight Raja) is an interesting venture that combines power of online efficiencies and reach of offline channels to reach a broader audience. Via has a plan to become leader in travel and transportation game including air travel, bus transport and leisure market segment.
NEA-Indo US ventures is a venture capital firm co-founded by K. Dham and K ola.
AMAI Web 2.0 Conference
AMAI’s is organizing a conference on Web 2.0, on 22nd June in Mumbai. Good opportunity to network with people with ideas and capital. Follow this link for more details
Proto.in Agenda
Proto.in has come up with initial agenda for the event. You can also submit your comments on their blog. Your suggestions may find their place in the final list.
India Opportunity Seminar
Chilli, a platform for entrepreneurial business stakeholders is organizing “New India, new economy: the myths, realities and opportunities” seminar. This seminar takes place in Bath on the 21st June at the Innovation Centre
Via (earlier Flight Raja) is an interesting venture that combines power of online efficiencies and reach of offline channels to reach a broader audience. Via has a plan to become leader in travel and transportation game including air travel, bus transport and leisure market segment.
NEA-Indo US ventures is a venture capital firm co-founded by K. Dham and K ola.
AMAI Web 2.0 Conference
AMAI’s is organizing a conference on Web 2.0, on 22nd June in Mumbai. Good opportunity to network with people with ideas and capital. Follow this link for more details
Proto.in Agenda
Proto.in has come up with initial agenda for the event. You can also submit your comments on their blog. Your suggestions may find their place in the final list.
India Opportunity Seminar
Chilli, a platform for entrepreneurial business stakeholders is organizing “New India, new economy: the myths, realities and opportunities” seminar. This seminar takes place in Bath on the 21st June at the Innovation Centre
Wednesday, June 6, 2007
How Vibrant is Indian Startup Environment
In this post, I start with laying down well understood fundamental building blocks of a vibrant startups ecosystem. Later posts will carry details on how Indian environment fares on various parameter while providing benchmarks and evidence across cultures and countries.
Though results of one social context can not be completely replicated in another, a comparative study can help identify missing pieces. More importantly it can provide interested stake holders glimpses of potential opportunities for making a positive difference to Indian venture environment.
Some of the widely accepted elements of a vibrant environment for Innovation & new enterprises are
Next in this series -- How does India fare on individual attributes & where you can help
Though results of one social context can not be completely replicated in another, a comparative study can help identify missing pieces. More importantly it can provide interested stake holders glimpses of potential opportunities for making a positive difference to Indian venture environment.
Some of the widely accepted elements of a vibrant environment for Innovation & new enterprises are
- Widespread entrepreneurial spirit
- Availability of Risk Capital
- Academic & other institutions incubating technological breakthroughs
- Culture of innovation & last but not the least
- A mature entrepreneurial social support environment, among other things, that provides
- Availability of useful information, time critical help & mentoring to budding entrepreneurs
- Social support for failures and second start
- Availability of Entrepreneurial Role models
- Social infrastructure of competitions, incubation, awards & public recognition
Next in this series -- How does India fare on individual attributes & where you can help
Friday, June 1, 2007
Stanford to Boost Medical Technology Innovation in India
With a goal of creating an ecosystem to identify clinical needs & challenges and convert them into opportunities for innovative medical equipments, implants and devices, Stanford India Biodesign Programme, US Science and Technology Ministry & Ministry of science in India have announced a collaboration program to boost medical tech innovation in India.
The pillars of the program are
1. Center of innovation excellence at each of the IITs
2. Opportunity identification via active observation of patients by multi-disciplinary teams and
3. Design innovation orientation and training for faculty/involved personnel by Stanford University
This is a very interesting development. Academia driven innovation has been a key driver of US high performance entrepreneurial ecosystem. This also has been a critical missing link that India needs to create world class entrepreneurial successes.
A welcome development for Indian new venture ecosystem.
The pillars of the program are
1. Center of innovation excellence at each of the IITs
2. Opportunity identification via active observation of patients by multi-disciplinary teams and
3. Design innovation orientation and training for faculty/involved personnel by Stanford University
This is a very interesting development. Academia driven innovation has been a key driver of US high performance entrepreneurial ecosystem. This also has been a critical missing link that India needs to create world class entrepreneurial successes.
A welcome development for Indian new venture ecosystem.
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