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India - a million dreams …
Rajiv PrakashIgnite
WPP - StreamAsia2011http://stream.wpp.com/asia2011/index.jsf
Presented at the Ignite session at WPP’s StreamAsia event in March 11. A light-hearted take on Entrepreneurship, especially consumption start-ups becoming sexy in India and how advertising firms and marketers can help.
India’s beauty queens …
… launched a massive new consumption industry …
… but you created it
Bollywood and media created aspiration, legitimacy
Touching millions of lives, identities and aspirations
The entrepreneur is the new beauty queen,
Bollywood’s discovered a new hero(ine) –entrepreneur, start-up guy, risk-taker, innovator
Entrepreneurship is the big idea
Igniting a million ideas, ventures and aspirations
Conversations are changing…I have a
house, BMW, corner office, C-level job, big
bonus, foreign holidays… What do
you have, eh?
I HAVE A START-UP
These new entrepreneurs are refreshingly different
+
“Jugaad” Think big, think confident
Many start-ups are in the consumption space –if consumption entrepreneurs are the new hero(ine)
...the other part of the story isthe Indian consumer
• Aspirational• Consumption = Progress• Venturesome• Value seeking
Can this love story happen?
What’s missing?
•Capital•Capabilities•ConnectionsStart-up Guy
Consumer
Love story spoilers
Capital –•Angels•VCs
Capabilities –•Talent•Service Providers
Connections:•Large companies•Senior Executives
NO, NO, NO
Enter cupid
Who is Cupid?• Consumption Services Professionals/ Industry
• Marketing• Advertising •Media• Consultancies
Be stupid, be cupid
Creators of Consumption Platforms and Infrastructure to help the Small Achieve Big
Promotion platforms –
Information platforms –
Transaction & Interaction platforms –
Collection platforms
Consumption & Servicing platforms
Firstbreak.com
Mentoring
Consumer Insights & Analytics
Venture Services
Possible?
India’s Consumption Miracle Story
PROOF POTENTIAL
A love story with a happy ending?
Ignite & realise a million dreamsAnd get friends without making enemies
“ Namaste “ – Saluting the potential in you
http://www.youtube.com/watch?v=JICR0SstVQ0
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