Innovative ideas attract funding: Utthunga founder

Pallavi Dubey | NT

Bengaluru: Smitha Rao, Co-Founder of Utthunga Technologies, has said that building innovative ideas that can solve problems was the key behind successful startups.While taking part in a panel discussion “How to start a successful startup?” at R.N. Shetty Institute of Technology on Saturday, she said, “Finance is no longer a problem for the startups, as there are thousands of accelerators and companies who are waiting for that one idea and an owner should hold a credible reason to get funded.” She said influencing was a major criterion for the success of any startup and students aspiring to be entrepreneurs should focus on this.

“For women entrepreneurs I would suggest not to look back and not to stop. Use every opportunity as a step forward for your success,” shared Smitha, an alumnus of BITS Pilani.

She also narrated her learning experiences as an entrepreneur, the highs and lows of it, especially the challenges she faced while setting up Utthunga Technologies along with two of her colleagues at Mphasis – Krishnan K.M. and Sanmangala. When Krishnan introduced her to entrepreneurship in 2007, little did she know what a ride it would be!

Utthunga is a product engineering and industrial solutions company that offers industrial-grade digital products to original equipment manufacturers, software vendors, and service providers.