Emerging Tech

The panel members were: Ms Ranjana Nair, CEO and Co-founder of Ray Lot solutions, Mr. Naveen Shetty, CEO and Co-founder of Noble wealth technologies, Mr. Prem Chand, CEO and Co-founder of Grohood.

The session was moderated by Dr. Anita Pillai, WeSchool faculty member. The panel was first asked to discuss about how to generate an idea for a start-up.

Ms. Ranjana Nair spoke about how her venture took up the idea of sensor technology in health care. The unique element in her technology was measuring the breath rate, which was not very successful. The innovation was more useful for small babies, so they had to shift their target audience. From idea stage to a sustainable idea it takes 6 months to 1 year to understand the idea and come up with a venture.

Mr. Naveen Shetty gave the example of TATA’s and explained how their strategies are arrived at from a simple idea. Being passionate about what we are doing is the only thing that drives towards success. He also spoke about his company and shared his experience of converting an idea into venture.

Mr. Prem Chand also shared his experience about how he got an opportunity to attend a design thinking workshop that gave him an insight to arrive at a proper idea. He had 3 ideas initially, which was later narrowed down to 1. According to him, only the idea that has feasibility, viability and desirability will succeed.

The panel also opined that it is not always a problem that should drive an idea but innovation drives the idea.