Tuesday, January 27, 2009

The Power Of Ideas

The Economic Times is more than a home to us. It is where we think, analyze, and occasionally conceive ideas that we, like some folks elsewhere, hope will make a difference. The Power Of Ideas came from one such deliberation not too long ago.

At first we thought it daunting, and then we were consumed by an entrepreneurial spirit and went for it. We thought if we put our heart into it, the results will take care of themselves. The least we could do is try out the initiative that we eventually launched on the 21st of this month.

For a long time we’ve been bringing The Economic Times to readers across the country. Admittedly it has not been easy to say the least. Suffice to say it has in turn taught us at the office many things we might not otherwise have learnt. Among them was a realization of a strong entrepreneurial bent of mind among many of our readers. Over time we felt we had to do something about it, and the least we could do was facilitate the dreams of those who dared to dream.

And hence The Power Of Ideas.

Like a writer who embarks on a novel knowing only vaguely how it might end but prepared nevertheless for the twists and turns that must surely lie in wait as he dutifully lays out the plot, knowing full well he will be at the mercy of the characters he is creating, so are we at The Economics Times with the plot of The Power Of Ideas.

And like the writer we’re bound by the suspense of our initiative and cannot wait for it to unfold fully.

Join us on our journey in finding those dreams, some of which we will help bring to reality. And if you’re one of those who’ve nursed entrepreneurial ambitions, or know of someone who does, visit us at The Power Of Ideas.

Explore our presence at



  1. I would like to request you to kindly include professionals & some business leaders who have guided others in setting up SME's and other cottage industries and have experience of other cultures.

  2. Smriti, thank you for the suggestion. We'll be doing it in the subsequent posts on the blog. Hopefully we will be able to cover people across a wide range of mentoring spectrum.

  3. At these stage what i deliver you will only be sensible idea blended with belief,passion but surely not with market survey or statistical figures.so i ask u will u help us turn it into an reality?

  4. This comment has been removed by the author.

  5. I am a web entrepreneur from Ahmedanad and I am with you ET......

    Let's join our hands and create jobs in the Economy.....

    @ Smriti Kalra

    I totally agree with your Smriti.

  6. This initiatitve of ET is a turnaround in the way people think.It has lend a caring hand to a budding tream which can turn in a big reality.......I think we should express what we have!

  7. please for the failed entries a list must be taken out of rating and ranking of there idea by jury so that they also can look forward on there idea on there own...

  8. i m talking about reast 10000 entries apart from 1000 shortlisted.

  9. Actually , every business plan competition , or presentation , like power of ideas , the eureka , the intaglio , the IIPC , everywhere you go , one thing is common dont expect to be funded , if you are an innovative company , then there is a very few , or 0% chances of getting funded , because the Indian Investors , the Venture Capitalists , the Angel Investors are not the ones those who exist in Silicon Valley and those who have funded companies like Microsoft , Google etc.
    The good thing about this contest is they are trying to create a similar kind of ecosystem which exists in US , Europe , but until and unless as VC firms come forward to address the real issues of Indian Entrepreneurs , nothing is possible here ….
    I had attended a numerous business plan contests in India , for hellodoctor , one thing I got from that is some certificates , some feel good discussions, some networking but its of no use to me presently , no serious investors , investors talking about millions of dollar investment but buddy we are a start up we dont need this , the real issues what an Indian Entrepreneur is facing is not addressed , the same way you have to fignt , you have to get self funded , take calculated risk , like that
    One thing I will like to say that these Bplan Competition can sharpen your brains , make your business plan papers more effective , but for startup forget anything from these competitions , you have to depend on your own resources , own will , you have to fight the monsters inside your brain , and outside too … If you want to be an entrepreneur take the first calculated risk first , you are not a millionaire , you are there to make millions … If you dont have confidence on your own plan , and you are thinking If you are putting your own hard earned money then forget to get any investors ..

    Dr.Smrutiranjan Patanaik
    COO - hellodoctor24×7