Chief Minister’s Speech for TiE-ISB Connect on 29-10-10
at HICC, Hyderabad
Sri Ajit Rangnekar, Dean, ISB
Dr.Ramesh Babu, President, TiE, Hyderabad
Sri J.A.Chowdary, Board of Trustees, TiE Global
Bipin Pendyala, Program Convenor
Friends from Print and Electronic Media
Ladies and Gentlemen
I am delighted to participate in this inaugural ceremony
of the TiE-ISB Connect. This high impact conference, jointly organised by the
TiE Hyderabad Chapter and Indian School of Business, has for last five years
not only been bringing together start-ups and growth enterprises on a common
platform with investors, but also initiating insightful discussions on trends,
issues and opportunities in the entrepreneurial space.
I extend a very warm welcome to this diverse forum of
entrepreneurs, industrialists, researchers, academicians and investors.
The theme for this year “Transforming India: The
Entrepreneurship Route” could not come at a more appropriate time, and more so,
advanced from an appropriate platform. While India is undoubtedly poised to
become a leading economy in the coming years, it is still marred by growing
socio-economic disparity that could as well pose a threat to the economy and
society at large. If we aspire to sustain the progress of the country, then
the nature of the growth needs to fundamentally change to become more balanced
and inclusive. Such a broad based growth shaping a stronger, more prosperous
and far equitable nation can only be propelled by “Innovation” and
“Entrepreneurship”. It is on these two levers that we can collectively leap
from the “Years of Predicament” to the “Age of Confidence & new found
The Government of Andhra Pradesh has over the years,
through holistic policies and pragmatic approaches, taken steps to build an
ecosystem conducive for innovation and entrepreneurship. Our State is the home
to world class research institutions like ICRISAT, CCMB, IICT, NGRI, NIN, and
has also becoming a base for many more institutes of excellence like IIT, NIPER
and TIFR, which I hope will ensure a stronger pipeline of research and
innovations linked to serving the needs of majority of the country. The
entrepreneurship ecosystem is also very vibrant in the State with cities like
Hyderabad and Visakhapatnam becoming a preferred destination across sectors,
especially IT, Pharmaceuticals and Biotechnology. We must also recognise the
accomplishments of Indian School of Business (ISB) and other institutions in
the State in nurturing enterprise creation and growth.
As the Hon’ble Prime Minister said at the recent opening
ceremony of the new campus of the TIFR, we cannot afford to rest on past
glories. The scientific glory and prestige is in vain unless the direct
economic benefits and public good of the innovations are realized. We need to
strengthen and scale up efforts to promote identification, development,
commercialization and diffusion of indigenous innovations that emanate beyond
the traditional boundaries of academia, research institutions and industries.
To unleash the true innovation and entrepreneurial potential of the State, we
need to rediscover our strengths and missing links, and adopt sustainable
approaches that strengthen human, intellectual and financial capital.
I believe that Andhra Pradesh has all the basic building
blocks to be a front-ranking State of India. There are tremendous opportunities
provided we have the foresight and collective wisdom needed to seize them. I
believe that innovation and entrepreneurship can only thrive in ecosystems in
which all stakeholders – public, private, academia and civil sectors –
collaborate, and play more active and complementary roles. It is time that we
work together to create new models of cross sector engagement, knowledge
sharing, and more effective structures and systems of governance.
ISB has taken the lead in forging such collaborative
endeavors with the State Government, research institutions and entrepreneurial
networks to further the creation and growth of innovative enterprises. I am
told that the Wadhwani Centre for Entrepreneurship Development (WCED) at ISB is
in the process of instituting Business Labs that would facilitate creation of
an ecosystem conducive for nurturing incubation and growth of responsible
enterprises, and catalyze large scale commercialization of technologies and
Government of Andhra Pradesh wholeheartedly commends and
welcomes “India Innovates” milestone initiative of the centre, and hopes that
in the coming years it becomes a role model for other States and institutes
across the country to emulate.
I am confident that this conference will provide not just
an opportunity for participants to network, share ideas, views and practices,
but also insights for wider stakeholders to act up on in facilitating an
enabling environment for Innovation and Entrepreneurship.
I hope that the key panel discussions like the 'Research
to Marketplace' will highlight the vital role of innovation and
entrepreneurship in driving inclusive growth and development of the state.
Lastly, I wish to congratulate TiE Hyderabad chapter for
their commendable efforts in establishing a formal Angel Network which I am
optimistic would provide the much needed mentoring and financial support to
many promising entrepreneurs.
With these words, I wish the conference all success.