By Anjali Gupta
Mukesh Ambani revealed his next dream
at the recent annual meeting of shareholders of Reliance industries ltd. Ambani
is now looking to back the new startups and entrepreneurs. “It (RIL)
will be known in the coming decade as an enterprise with lakhs of partners,
supporting the small and young entrepreneurs and an enabler of a large
ecosystem of entrepreneurs in India,” he told shareholders at the 40th
AGM.
Ambani did not elaborate much about it but the entrepreneurs
can always get their hopes high. The development of a system for the same is
taking place in the outskirts of the Mumbai city .In the 100-acre reliance
corporate park, the nerve centre of the Rs 3,39,000 crore enterprise, a
non-descript, two-storey structure called the MAB, or the Main Administrative
Building, is home to a batch of 20 entrepreneurs testing products and honing
business plans. Reliance has been mostly involved in the telecom ventures
but now they have opened their arms to some new ventures as well.
In recent times, RIL has picked up stakes in six startups. In
the public domain are investments it made in Netradyne, Videonetics and Edcast,
startups in segments as diverse as artificial intelligence and video analytics.
The gen next project, though, goes way beyond just investing. The startup culture has now entered the fourth phase, where
big corporates are facilitating their domain knowledge to nurture startups.
Abroad, this trend is called the corporate garage.
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