At a macro-scale, countries and governments should look at new technologies and invest in those to become leaders in the respective areas, said Pascal Finette, co-founder at “be radical and” Singularity University’s Chair for Entrepreneurship and Open Innovation
Mr. Finette addressed the members of Entrepreneurs’ Organisation (EO) Coimbatore and Kerala at a meeting held here on Thursday. The programme was aimed at strengthening the entrepreneurial community in Coimbatore, a press release from EO said.
He told The Hindu that globally, countries such as the US and China were investing huge amounts in emerging technologies such as Artificial Intelligence. There were new areas and India should invest in those. There were opportunities in these new technologies, he said. Technology, which moved at an exponential rate, had affected a lot of sectors. In different industries there was exponential accelerated technology development. For instance, solar energy generation was cheaper than any other form of energy at present. Entrepreneurs should see what all the technology changes meant to their business and how business models would shift because of the changes. Even for those in the primary, traditional sectors today, technology has become a part of their industry. Germany, known for its MSMEs, decided early on to focus on quality. Lot of German companies were leaders in their niche area. There were product pyramids and companies should figure out where to position themselves in the pyramid, he said.
Suraj Shantakumar, chair of marketing communication at EO Coimbatore, said the chapter participated actively in the Global Student Entrepreneur Award and presented the Entrepreneur of the Year awards every year. With 70 members, the Coimbatore chapter had 10 forums that enabled the members learn and grow through interactions, he added.
