The Minister said that startups and innovators need to look at innovations that are in synch with the reality.
With about 50 percent of our population being below the age of 27, India is heading towards becoming a young county. And this will truly unleash the innovation potential, said KT Rama Rao, Telangana IT Minister. He was speaking at the Road to GES conference organised by INK, T-Hub and Telangana government.
The Minister said that startups and innovators need to look at innovations that are in synch with the reality. They need to develop solutions that can be useful to develop India. “Not only startups, I feel even government and governance need to innovate and it is important to be in sync with the reality,” Rama Rao said.
Taking cue from eminent Indian scientist R A Mashelkar, Rama Rao informed that India needs to pole vault if it aims to join the league of the first world countries in the next few years. He spoke about how 1 billion phones are there in India and how it can transform the way we use technology for the betterment of society.
“India needs adventure capitalist and not venture capital. We need people who can invest in local solutions in India and not concentrate on solutions that are the me-too kind,” he said.
Speaking about how Telangana has been able to understand the pain points of common man and has used technology to reduce them, he spoke to RTA m-wallet and TS i-PASS. These, according to him, have redefined how we do business in Telangana.