Mysuru: Dr. Mahesh Rao, CEO of Mysuru based Aashaya Design Solutions and also the President of The Indus Entrepreneur (TIE), Mysuru, observed that times have changed with rapid development of Science and Technology and now parents are encouraging  their wards to establish companies through startups.

He was delivering a lecture on the topic ‘Opportunities and Challenges in Starting a Venture’ organised as part of World Entrepreneurship Day at the Institution of Engineers, JLB Road here recently.

Pointing out that in the past, parents used to ask their wards to join a private company or seek a Government job, after completion of education, Dr. Mahesh Rao said that this mindset has drastically changed with the passage of time and advancement of Science and Technology . Now parents are asking their children to establish startups and thus become an entrepreneur, he said adding that this change of mindset is encouraging.

Noting that  changes in business, commercial activities, economical  progress  and the like that are occurring in our country is the reason behind the change in parental mindset, he opined that young entrepreneurs are learning the nuances of trade and Industry and at the same time getting experience on important matters that drive commerce and Industry in the country.

Maintaining that there are a lot of opportunities for establishing new industries, Mahesh said that the Union and State Governments are coming up with new Industrial policies and laws  in keeping with the present day requirements.

IEI, Mysuru Chairman R. Deepu presided. IEI Hon. Secretary Dr.S.A. Mohan Krishna, past Chairman A.S. Satish and others were present.