M Venkaiah Naidu who is the vice president of India, inaugurated the IndUS TiE global summit virtually that was held on 8th December virtually through a video conference. He asked the universities of our country India to set up in centres to help and nurture entrepreneurial talent among youngsters.
He was addressing from Vishakhapatnam through a video conference. He said that it is critical to support student and the youth entrepreneurship through innovation programmes. He said that to achieve that the universities need to establish close connection with industries and be connected with students with the novel and unique business ideas.
He also urged and asked the corporate sector to fund and promote the entrepreneurial ecosystem and the young entrepreneur students on different university campuses.
Naidu also said that nowadays a lot of young youth are joining the labour market and so the world will need about a half a billion new jobs by the year 2030. He called upon the great and successful entrepreneurs and chambers of commerce and associations like TiE to mentor the next generation and the upcoming youth.
Naidu said that they need to share the wisdom that they gain, while the universities must work through research and various internships programmes to nurture and develop the entrepreneurial skills of students before they complete their graduation.
He said that the young mindset should be changed from trying to just become job seekers and to instead become a job – creator. He said this by stressing on the need to create and develop entrepreneurial skills among the youth as the young generations comprise over 65% of the country’s population.
The vice president also urged to launch a special drive which will promote young entrepreneurship among women because the country has a huge potential to promote women entrepreneurs. Naidu also expressed his happiness that TiE’s had laid an impact on 50,000 aspiring entrepreneurs by acting as their mentors.
Naidu also said that India having the world’s third largest startup ecosystem, about 50% of the tech startups in our country are sure of reaching pre-Covid level revenues. He added to this that certainly this is an optimistic news and that he is sure that the things would look up for all Indian start-ups in the upcoming near future.
Naidu said that Entrepreneurship is not only about profits. But it is also more about making people’s lives better through education, health care and basic human rights. It is about valuing both competition and compassion for the people.
A statement by the government said that the IndUS Entrepreneurs (TiE) is a non-profit organisation based in the Silicon Valley. The organisation helps startups in networking and this summit will help India get major investments in the coming years by showcasing opportunities and helping them,
Other people and political personalities like Nitin Gadkari, Union Minister, Sridhar Pinnapureddy, President, TiE Hyderabad, have also attended the virtual event and have encouraged the youth.