Growing a tradition of entrepreneurship is the necessity of the hour: Mohandas Pai

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Chairman of Manipal Global Education Services Pvt. Ltd. TV Mohandas Pai has said that developing a culture of entrepreneurship is the order of the day.

He gave the keynote address at the virtual meeting on “Promoting the Entrepreneurial Ecosystem on the Karnataka Coast” on Friday.

Mr. Pai said that young people these days have great potential and need to be encouraged to embrace innovation and entrepreneurship. Youngsters can get inspiration by organizing a series of interactive sessions with successful large company founders.

He said the region’s universities must play a leadership role in strengthening the business ecosystem by engaging industry and all relevant stakeholders. Therefore, a common platform in the form of a consortium of universities and other stakeholders needs to be developed.

Having a major challenge carried out by a consortium can have a greater impact. University courses must focus on developing high quality skills and practical experience. A structured implementation of these measures would result in more than 10 unicorns from Karnataka on the coast in the next 10 years, he said.

Opening the meeting, Manipal Academy of Higher Education (MAHE) Vice Chancellor MD Venkatesh emphasized the need to develop the regional economy by strengthening the entrepreneurial ecosystem beyond the boundaries of universities. He also emphasized promoting entrepreneurship at home and even at the school level.

All Vice Chancellors of Regional Universities, Chairman, Confederation of Indian Industries (CII), Chapter Mangaluru, Representatives of various departments of the Union and State Governments, President, Indian STEP and Business Incubator Association (ISBA), Co-Founder of Leading Companies of The Region and the CEOs from the region’s incubators shared their views as panelists. The meeting was attended by students, teachers, entrepreneurs, startups and professionals from the industry.

This meeting was jointly organized by MAHE, Mangalore University, NITK Surathkal, Nitte (considered a university), Yenepoya (considered a university), Srinivas University, the CII Mangalore Chapter and IKP.

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