Global giants such as Google, Yahoo and IBM and Indian biggies like Bharti Enterprises, Raymond, HDFC, Realiance Microland and Mahindra & Mahindra, among others, are using new technologies and concepts like cloud computing, virtualization and unified communications to save money in these tough times.
THE BILLION DOLLAR IDEA
Back in 1993 when Jerry (Yang) at Stanford, the web was non-commercial and was mainly used by universities and research labs. It was a totally different world all together. That is until we experienced the web using Mosaic, which had the capability to render rich graphics and support data and forms. This inspired David Folio and Jerry to think, “Wow! there are a lot of possibilities here!”.
Ideas, they are like pawns in a chess game. They may get beaten, but may start a winning game. Ideas often lose their way if not guided properly. And that’s where mentors come in. With startups being launched by younger entrepreneurs, with a great idea and very limited experience, mentors can play a big role.
Economic Times is doing a lot of good work by floating a competition for good ideas .
Who can give ideas ?
Any one
• Start ups: Business enterprises headquartered in India; a standalone, not a subsidiary or division of a larger company.
• Students: Pursuing their graduation or post graduation course in any stream
• Early stage companies developing a viable business model
• Corporate executives with a viable idea and keen to put their market experience to test
FINANCIAL INSTITUTES KEEP CHEQUES READY FOR SOUND IDEAS
While the slowdown has hit the mainstream corporate world, entrepreneurs with commercially viable business ideas will not find a dearth of venture capitalists (VCs) to fund them. The FCs were ruing the fact that there was a dearth of ideas with sound business models and potential to scale !
SLOWDOWN MAY ROLL OUT RED CARPET FOR YOUNG MINDS
Economic Times is doing a lot of good work by floating a competition for good ideas .
Is failure a blot? This is one question anyone with an idea is faced with. Becoming an entrepreneur certainly involves risk. One could surely be successful, but there is an equal chance of failure. This is the reason why a number of aspiring entrepreneurs stop in their tracks. . There is also a widely held perception that failure reduces the chances of getting funding for your dream startup.
If you are inspired by stories of successful—and failed—entrepreneurs, this is your chance to test your mettle. The Power of Ideas seeks to provide a platform to anyone with an idea, encouraging him to realise his entrepreneurial dream. Ideas will be nurtured with personalised guidance from mentors, before being submitted to investors for funding.
Encouarage New Ideas
Encouragement is a easy thing to offer. It requires little effort or thought. It does not cost money and can be freely given. It only takes a few moments. It does however, require sincerity. It can make a huge difference to the receiver, often supplying the needed "extra" that people often require in tough situations. In the same manner, it also is gratifying for the encourager, knowing that he may have made a difference in someone else's life.
For other succesful stories you may visit Economic Times Site New Idea's Stories
