Software product think tank iSPIRT has announced a programme, wherein, researchers from Stanford and Duke University would help founders of 200 hypergrowth companies to plan ahead and implement the learnings in their organizations.
The aim of the exercise is to inspire Indian startups to be global category leaders.
About 200 founders of Indian startups will congregate at the Infosys campus in Mysuru in January for a three-day retreat and conference, starting their day with yoga and ending it late night with brainstorming on strategies to jumpstart their companies to the next level.
Speaking on the development, Sharad Sharma, cofounder of iSpirt, said “We want them to become category leaders by making them think about future problems today. Because for a category leader, conversion rates are much higher than the number 2 or 3 players.”
The researchers will be funding this programme through grants amounting to $57K (INR 37 lakhs) endowed by their universities.
Related Article: Yes Bank Launches Fintech App Store In Association With iSPIRT
“Anyone who sees the technology sector sees that the best pool of technical talent comes from India. But they are all working for American companies,” said Sharique Hasan, associate professor of organisational behaviour at Stanford University. The goal of this programme is to nail concepts of management into developing countries.
Through design-thinking methodologies, the startups will learn to focus on broad as well as specific problems, i.e., what emotions would your company want to invoke from customers? What would make the company obsolete in three years? Who will make you obsolete?
The startup founders will be asked to come up with specific solutions to the problems, after prioritising them.
The solutions will be vetted by about 15 mentors including Freshdesk’s Girish Mathrubootham, Pallav Nadhani of FusionCharts and Aneesh Reddy of Capillary Technologies.
Few Of The Selected Startups Include:
- Blogvault, a WordPress backup service
- Albumizer, an album designer
- Uninstall.io, an app analytics provider
- Zenatix, an energy hardware company.
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