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Health experts discuss strategic startup innovations at StartX Summit in Hyderabad
IMT News Desk
9 months ago
Health experts discuss strategic startup innovations at StartX Summit in Hyderabad
IMT News Desk
9 months ago
Young entrepreneurs participated in speed networking sessions on healthcare and technology
On the second day of the StartX Summit at The Hyderabad Public School (HPS) Begumpet, a panel discussion was held on ‘Intrapreneurship - Igniting Innovation in Established Businesses.’ The panel discussion witnessed Vikas Jhabakh, MD, Motovault & Benelli India; Krishna Kanumari, CEO and MD, Sai Life Sciences; Gautam Reddy, Co-founder, PAD integrated Communications; Anand Narasimhan, Head of Oncology Business, Merck; Abhishek Somany- Owner, Somany Ceramics.
Narasimhan said, “Rallying the team together is what HPS taught me. I attribute a lot of what I am today to HPS. As one of the oldest pharma companies in the world, you must reinvent yourself. It took until 2008 when the company could build a base and grow its businesses. Organic innovation is needed to overcome the inertia. The political environment plays a huge role and we have the best startup environment in the world.”
“India is strong in generic manufacturing. You have to pick the best trend which you believe in. In R&D, you have to invest in technology ahead of time and incubate for a long period. We need to think strategically for innovative business, studying the trends before others do. Every company has to decide its own comfort level risk. HPS as a school made us all-rounders by exposing us to a diverse environment,” mentioned Kanumari.
Post the panel discussions, entrepreneurs and leaders participated in speed networking sessions with startups showcased at the event. The young entrepreneurs got to learn from the best in the field to exchange ideas spanning entrepreneurship, content creation, healthcare, technology, and marketing, as these sessions gave them a platform to interact with global mentors at the school.
At the summit's conclusion, funding was secured by three startups—Hit Wicket, Panoplia, and Iris amounting to a total of 4.9 crores from Alumni Investors, including major contributors like Ashish Bajaj, CEO and co-founder of eLear Solutions, and Sailesh Sigatapu, General Partner at Anthill Ventures.