MIT School of Telecom management (MTSOT) Pune organized an invited talk by Mr. Ram Subramaniam and Dr. Rajendra Shende on 20th July 2017 for the students of 2017-19 Batch of MITSOT.
Mr. Ram Subramaniam acquired his Bachelor’s degree in Production Engineering from Madras University and Master’s Degree in Management from Stanford Business School. He started his career as an IT Analyst in fleet maintenance with Emirates Airlines in Dubai, and worked with NASA, Citibank, and DOW Chemicals in the USA before founding Shiva Corporation. The Shiva Corporation is a management consulting firm that specializes in supporting Private Equity firms and Technology companies in the United States. In 2016, he founded a Fintech advisory firm that uses Machine Learning and Analytics to recommend investment products and services to consumers and wealth managers. He offers courses in Private Equity, Social Network Analysis, and Opensource adaptation in various universities around the world. He is also on the advisory board of IIM Bangalore business incubator.
Dr. Rajendra Shende is technology and policy advisor in United Nations on implementation of activities related to ozone layer and climate protection in more than 146 developing countries. He is heading the OzonAction Branch of the United Nations Environment Programme, Division of the Technology, Industry and Economics (UNEP DTIE), with the annual budget of about US$ 25 million, with his team of 50 staff from 30 nationalities that work in UNEP’s four Regional Offices and Paris office. The resources for the Programme come from multiple sources like Multilateral Fund, GEF and nearly 16 contributing developed countries. He closely works with governments and industry to provide strategic guidance on policy and technology on multitude of benefits from global environmental accords. He is expert on transfer of environmentally sound technologies and the implementation of the Multilateral Environmental Agreements (MEAs) in the developing countries and countries with economies in transition. His current activities span across the world and include the specific capacity building and technology support projects in 147 countries that are engaged in implementation of the Montreal Protocol to protect the Ozone Layer. He has helped more than 100 national governments in developing their strategies and action plan to comply with the Montreal Protocol.
Summary of a talk on “Startup & Entrepreneurship Ecosystems”
Mr. Subramaniam addressed a gathering of more than 120 students of MITSOT at MITSOT auditorium on a theme tiled ‘Startup & Entrepreneurship Ecosystems’ from 4:30pm-6.00pm. Dr. Milind Pande (Project Director, MITSOT) welcomed him for the session and Prof. Shashank Diwekar introduced him to the audience. In his address Mr. Subramaniam emphasised on factors impacting the entrepreneurial intention. He initiated his address by describing the role of risk taking ability and its impact on the establishment of the enterprise.
He mentioned that the degree of risk taking is extremely low in Indian context. Further, He also highlighted that the out of box thinking leads to innovation. According to Mr. Subramaniam not taking risk is a biggest risk and an entrepreneur should plan for it. He stated that an appropriate plan, ability to maintain relationship and financial investments at the early stage would help the entrepreneur for establishment. The talk mentioned that young entrepreneurs from India need to create a sufficient amount of seed funding in order to minimize the risk involved in the establishment. The next speaker for this session was Dr. Rajendra Shende. In his speech Dr. Shende emphasised on 3S framework consisting of Science, Spirituality and Sustenability. He highlighted the role and relevance of aforementioned framework in developing economies. The talks were followed by a question answer session. Managing in highly competitive environment and interlinkage between science, spirituality and sustainability were the key points of the session.
Prof. Suhrudh, Prof. Jaideep were instrumental in planning, organizing and executing this event. Futher, Prof. Nitin Zadpe and Staff members of IT department provided technical assistance.