The city of pearls will soon be recognised as the hub for budding entrepreneurs. Satya Nadella, the Microsoft CEO, in a visit to the T-Hub, a technological technology incubator promoted by the Telangana government, showed a keen interest in working with amateur entrepreneurs.
The technology incubator has been set-up with collaborative efforts from Indian School of Business (ISB), International Institute of Information Technology (IIIT-Hyderabad) and NALSAR University of Law besides various other organisations.
In a low profile tour, Nadella had a conversation with few budding entrepreneurs at the T-Hub. To boost the confidence of future leaders, he assured about promoting start-ups in Hyderabad. The head of the global tech giant advised budding entrepreneurs to keep three important points in mind – concept, capability and culture. He urged future leaders to accept failures and live their concepts. “The more you live it, the more sustainable your business approach becomes,” he said, adding that entrepreneurs should focus on of products.
Nadella is keen on working closely with start-ups in Hyderabad as he strongly believes that the aim of providing last mile connectivity is only possible by encouraging local entrepreneurs. According to sources, Microsoft will work with the Telangana government through Microsoft Ventures Accelerators to boost the start-up ecosystem in the state.
Earlier in the day, Nadella also met Andhra Pradesh Chief Minister Chandrababu Naidu. Microsoft signed a MoU with the AP government to provide technical expertise in citizen services and drive digital inclusion. As per the MoU, Microsoft will be working on building three proof-of-concept (POC) solutions to apply Microsoft Azure Machine Learning and Advanced Visualization in the fields of education, agriculture and eCitizen services.
The CEO also assured the AP government in giving full support in of cloud data for improving citizen services in the state. “Microsoft India will continue to engage and train the State Government’s key IT executives on Microsoft technologies such as Cloud, Mobility and appropriate Microsoft Technology stack,” the statement said. Like a development facility in Hyderabad, the AP counterpart urged the tech giant to open a Centre for Excellence in Visakhapatnam, which the CEO agreed upon.