Capital market in Kerala still young: TiE Global chief

Source: The Times Of India

Published on 6th December, 2014

KOCHI: Capital market in Kerala is still young and often beyond the reach, with highly skewed wealth distribution restricting access to private sources of funding, said Ashok Rao, chairman of TiE Global on Friday. He was inaugurating ‘TiEcon Kerala 2014’, a conference on entrepreneurship, at Le Meridian Convention Centre in Kochi.

“The local firms here, unlike multinational companies, tend to base their contracts on local legal system and raise capital locally. With rules of the game set locally, they fail to compete with established firms at home or abroad. State therefore has to create a social and business climate as well as a legal system that nurture entrepreneurship,” he said. “Entrepreneurship is a risk gene randomly distributed among 3 to 4% population across the globe and there are as many inherently entrepreneurial women as there are men. Though all innovators are not entrepreneurs, innovation always fuel entrepreneurship and foster business growth,” Rao observed.

Sheela Kochuouseph, MD, V-Star; K Paul Thomas, MD, ESAF Micro Finance; and Rajan Singh, co-founder, Course Brew, won the best woman entrepreneur, the emerging entrepreneur, and the start-up entrepreneur awards respectively for the year 2014. The best entrepreneur of the year 2014 award went to Abdul Azeez, MD, Skyline Builders.

Some of the key speakers at the conference included Dr Murad Lala, noted oncosurgeon and first Indian doctor to climb Mount Everest, AtulVir, CEO, Entrepreneur, inventor and business ethics expert, Arunachalam Muruganantham, inventor of affordable napkins, Vani Kola, MD, Kalaari Capital and Dr Sriram Nenec, cardio-vascular surgeon.

Source: The Times Of India

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