Economic slowdown, recession, downturn, pink slips, credit squeeze, cash crunch … these are not just phrases you hear these days, but a situation that’s real. Not a bad dream, because if you pinch yourself, it hurts.
So, where do we go from here?
The Economic Times just put a whole new initiative in place called The Power of Ideas. An exciting platform that encourages people with “entrepreneurial dreams” to bring in their ideas. If the ideas submitted go through Round One, they will be honed and validated by industry mentors and eventually presented to the single largest group of investors for funding.
All this, just to prove a point that these are still good times to start a business, or grow a business. All you need is a good idea that will fly.
The Power of Ideas is a unique sharing platform, with the express objective of making ideas work in the real world. At another level, this initiative by The Economic Times brings industry leaders together at different locations in India, to discuss the challenges to survival and growth – in what has been described as the worst recession in a hundred years.
Here’s my take on the panel discussion, held on the 12th of February, 2009.