Start-up is like riding a cycle: Abhijit Pawar

ST Correspondent
Sunday, 2 June 2019

“Starting a start-up is like riding a cycle, you may fail at first instance. In Israel, which is the leading country in start-ups, they celebrate failures and give additional funding to such start-ups. However, failing is not encouraged in India. We do not look at failure as a stepping stone toward success. This is the mindset we need to change,”” said Pawar, while speaking at the MIDAS Bazar.

Pune: ““Sakal Media Group encourages the start-up ecosystem. Through DCF Ventures, we identify and fund start-ups and help them become stable.” said Abhijit Pawar, Chairman, AP Globale and Managing Director, Sakal Media Group on Saturday. He was the guest of honour at ‘MIDAS Bazar’- annual event of MIDAS, an entrepreneurship development institute. 

“Starting a start-up is like riding a cycle, you may fail at first instance. In Israel, which is the leading country in start-ups, they celebrate failures and give additional funding to such start-ups. However, failing is not encouraged in India. We do not look at failure as a stepping stone toward success. This is the mindset we need to change,”” said Pawar, while speaking at the MIDAS Bazar.

This third edition of MIDAS Bazar offers a platform for students to present their business ideas to the real world and an opportunity to present ideas to expand their family business. 

Highlighting the importance of skilling, Pawar said, ““Re-skilling at every age is very important, whether you are in your 50’s or 60’s. You have to continuously re-skill yourself, especially if you are in your 20s. If you stop learning new things, it is over for you.””

Pooja Shah, MD of MIDAS and Founder and Chief Mentor Parag Shah were also present during the event. This event was held in an exhibition format with 17 different stalls presented by students, mostly focusing on B2C brands ranging from industries like e-commerce, agriculture, FMCG, and many others. Pet lover Chetan GSS (28) from Bengaluru presented a brand of premium pet treat called ‘Furrpy’. He said, “I have been working on my brand for last eight months and I have spoken to 492 dog owners from all over the country during my market research to understand their requirement. “

The winners
The winners for start-up category were Sachin Jain and Akansha Ladkat. Monal Karnawat was the first runner in this category while Dheshik Reddy and Tanisha Murdeshwar were the second runner ups. Ayush Rathi and Vishakha Rathi were the winners in family business category.

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