Innovation and Entreprenuership are terribly simple words, but a complete statement in itself! If combined together, they become immensely powerful drivers of change. In the past this capability, for some reason, seemed limited to a select few, however, with the globalization now more prominent, more people across the world have come to focus on these two terms and its benefits.

Developed countries have the means and resources to foster this culture, while the developing countries are slowly realizing their potential. It is innovations that can lead the developing countries to a higher quality of life and rapid growth. Innovations need encouragement (and a lot of questioning for the good or bad of it!) and support from governments, organizations and society (at different levels).

There are a lot of innovators who need a channel to help make their ideas to work, who need financial support to get the ideas implemented, published and marketed and a very few of them actually decide to go further – entreprenuers. I would broadly classify the entrepreneurs under below categories: 

  1.  those who want to start up something for providing an already existing successful market commodity or need.
  2. those who come up with an idea(s) and want to start up on their own to implement the idea(s).

While both the above categories may require some amount of funding (yes, mostly from investors), and both can be sucessful depending on various factors, it is the category #2 above which was mostly suffering a setback in India until recent times.

It is a known fact that a lot of entreprenuership in the cutting edge technology space happens outside India, many of them successful and with Indians driving from the top. While this is topic that has often been discussed, written or talked about in a lot of forums through various channels in the recent past, I would like to just focus my perspective on a some specific area – the entreprenuership in IT and Engineering space and some of the available channels to take if forward.

Everyday, there are a lot of web startups across the globe and you can know more about them by visiting http://www.killerstartups.com . This is a website from the group of http://www.startupsnetwork.com who share with us such information.

Tata group in India has taken an initiative to award the new startups that are innovative http://www.hotteststartups.in

This is a great start and I am sure there are more such intitiatives where you can take part. Worth thinking about it !

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