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Startups Bring in Much-focused Capabilities: Sanjiv Bajaj

The unit is helping startups develop management capabilities among other things.
Startups Bring in Much-focused Capabilities: Sanjiv Bajaj
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In an interview with Entrepreneur, Sanjiv Bajaj, Chairman, Entrepreneurship & Startup SC & MD Bajaj Finance spoke about how CII is helping startups for the next level of growth by offering access to the group members through mentoring.

The unit is helping startups develop management capabilities among other things says Bajaj who spoke to Entrepreneur at the CII Startup Mentorship Circle in Mumbai.

How is CII assisting startups with mentoring in key areas?

Startups can do with support of mentorship by CII in the number of areas. At CII we find that our skills and taking startups to an established idea for the next level of growth. Mentoring through a set of CII member companies can help startups through various parts of their growth as well as introduce them to a potential customers and partners within the CII.

If is nothing to do valuation or funding it is more to use our member base and their experience and knowledge to help startups get to the next phase of growth.

Do you think that the startups lack execution skills?

Any startup has a set of skills and doesn’t have every skill like each of us are at different level where companies don’t have all skills so this is where we believe that the support that CII can bring in would be relevant to a particular startup.      

Is it that the startups need to focus more on domain expertise?

The startups bring in much focused capabilities in certain areas when it comes to products and services. But they may not have general management capabilities, legal experience, connection with the government, knowledge of regulation compliances, may not have access to startup universe outside of India like we have country representation from Israel and Canada. CII can come in there for help. 

Edition: December 2016

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