Interactive sessions at NSRCEL on global incubation strategies and ecosystem
In July, NSRCEL conducted interactive sessions with Dr. Saras D Sarasvathy, Visiting Faculty of Entrepreneurship and Jamuna Raghavan Chair in Entrepreneurship, NSRCEL, IIMB, Paul M Hammaker Professor in Business Administration, University of Virginia Darden School of Business, and Dash Dhakshinamoorthy, Founder, StartupMalaysia.org and Co-founder of Act 2. These sessions took the participants through global incubation strategies providing a broader and enriched glimpse into the global ecosystem, which in turn would further nurture and empower the start-up community at the centre.
In her conversation with the audience comprising start-up founders, Prof. Saras shed light on how true uncertainty is crucial to an entrepreneur, as it deals with unpredictable situations where any amount of prediction or strategy cannot guarantee outcomes. She added that this kind of uncertainty requires a different approach to decision-making, focusing more on adaptability and flexible strategies.
She also emphasized the importance of having like-minded individuals who are invested in the vision of the venture from the beginning. “These committed individuals can be a source of support, and their belief in the project can attract more resources and opportunities”, Prof. Saras pointed out.