In a recent conversation, Panneerselvam Madanagopal, CEO of MeitY Startup Hub, shared his vision for the future of the startup ecosystem, particularly in Kerala. Panneerselvam expressed excitement about the growth of the state’s startup ecosystem, stating that MeitY’s three primary objectives are to drive innovation and foster long-term, sustainable growth in India.
Focus on Tech Startups
Panneerselvam emphasized that MeitY’s primary goal is to continue supporting the growth of tech startups, particularly in areas like deep tech, where other investors may not currently be active. The goal is to support product-driven companies with long-term, strategic growth potential.
Expanding Beyond Tier 1 Cities
He also highlighted the importance of expanding the tech startup ecosystem to tier-two and tier-three cities. By making technology more accessible to a wider audience, MeitY aims to improve the quality of life across the nation. This initiative will focus on creating opportunities in less-developed areas and increasing their technological reach.
Global Expansion and Technology Exports
Panneerselvam discussed how Indian startups can not only serve the domestic market but also have a strong global presence. With the UPI stack already being used in multiple countries, he believes that India’s innovative approach to cost-effective technology can be exported to regions like the Middle East, North Africa, and Australia. MeitY will facilitate this global outlook for startups, helping them tap into emerging markets and benefit from international growth.
Ensuring Inclusivity
When discussing inclusivity, Panneerselvam stressed that merit is the driving force for startups. However, MeitY is committed to ensuring inclusivity by supporting startups in tier-two and tier-three cities and focusing on initiatives for women in tech. Additionally, he mentioned nurturing educational institutions in these areas to foster innovation and create new opportunities for growth.
Panneerselvam Madanagopal’s vision for MeitY is clear: nurturing innovation, ensuring inclusivity, and expanding India’s technology footprint on the global stage.
