Chennai now a hot spot for startups and entrepreneurs

Chennai has a well educated population, skilled technical talent and is now emerging as a competitor to Bengaluru for startup and entrepreneurial activity.

Who would have thought? “Conservative and slow” was how Chennai was first described to me. Now it has changed.

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Active angel investors operating in the region, are boosting the change.

But Chennai is not a city to boast or shout – it will let success do the talking for it.

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The region’s economy was earlier more dependent on the automobile industry but has shifted towards information technology sector.

Here are some of the startups – Freshdesk, OrangeSpace, Bharatmatrimony, Zoho and CaratLane – all doing exceptionally well.

Why Chennai?

Chennai is a home to many investors with deep pockets willing to invest in startups with innovative ideas. Good governance and integrity further make Chennai the preferred city for business leaders.

Add to that good roads, ports, railways and airports as positive factors.

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Chennai is among the top Indian cities with a maximum number of engineering and medical colleges in the region.

Another reality is that the former home of these new ventures – Bengaluru – just cannot accommodate all the new entrepreneurs, so many turn to Chennai.

Growth

Chennai has hosted a number of entrepreneurial events to attract emerging startups and one to watch coming up soon is Pudu Chennai, 2018.

 

Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.

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