Startups told to look beyond initial glitches and failures

Founder and group CEO of Govin Holdings, a Singapore-based company specialising in pharmaceuticals, healthcare, edtech, and strategic investments, Anand Govindaluri, urged startups to prepare an effective pitch and look beyond the initial glitches and failures to script a success story.

Mr. Govindaluri, who has over two decades of active investment and management experience with 20 successful exits, including two unicorns, participated in the two-day boot camp on ‘Business planning and fund raising for startups’ organised by Sri Padmavati Mahila Viswa Vidyalayam (SPMVV) Technology Business Incubator (SSIIE-TBI) under the NIDHA accelerator programme, here on Monday.

Addressing the entrepreneurs representing more than 50 startups, he emphasised on clarity in problem definition, value proposition, market opportunities and financial projects, besides highlighting the importance of strategic partnerships, licensing opportunities. He called global filing and strong business planning as crucial interventions for scaling innovative ventures.

Dwelling on Business-to-Government-to-Consumer (B2G2C) model in India, he noted that collaboration with the government systems could significantly strengthen the startup ecosystem and accelerate market access. From an investor’s perspective, he also discussed the key success factors for technology startups, especially those in building sustainable biotech and med-tech companies.

SPMVV Vice-Chancellor V. Uma and Registrar R. Usha, who offered their support for the the conduct of the camp, also wished to see several entrepreneurs walk out of the portals of the campus.