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Event Date: 10th December 2025

Event brief description
GICRISE organised an Open Discussion on “Common Myths about Startups in India” to provide budding entrepreneurs with realistic insights into the startup ecosystem. Anchored in the visionary leadership of Hon’ble Chancellor Shri Suneel Galgotia and Hon’ble CEO Dr. Dhruv Galgotia, the session addressed misconceptions related to funding, failure, success timelines, technology dependency, and solo entrepreneurship. Through interactive discussions and real-world perspectives, participants gained clarity on startup realities, the importance of validation, teamwork, and ecosystem support. The session empowered young innovators to approach entrepreneurship with confidence, awareness, and a practical mindset.

Event Detailed Description
Guided by the visionary leadership of Hon’ble Chancellor Shri Suneel Galgotia and Hon’ble CEO Dr. Dhruv Galgotia, whose unwavering commitment to nurturing innovation, entrepreneurship, and a robust startup ecosystem continues to inspire young minds, the Galgotias Incubation Centre for Research Innovation Startup & Entrepreneurs (GICRISE) successfully organised an Open Discussion on “Common Myths about Startups in India” for budding entrepreneurs. The session aimed to demystify prevalent misconceptions around startups and provide participants with a realistic, experience-driven understanding of the entrepreneurial journey in the Indian context.

The open-discussion format created an engaging and inclusive environment where aspiring founders, students, and early-stage innovators could freely share their perceptions, doubts, and aspirations related to startups. The session began with an introduction to GICRISE’s role in supporting ideation, validation, incubation, and scaling of startups, emphasizing how the centre acts as a bridge between academia, industry, and the startup ecosystem.

During the discussion, several common myths surrounding startups were addressed. One of the key myths explored was that startups require huge capital at the initial stage. Participants were made aware that many successful startups began with limited resources, focusing instead on problem identification, customer validation, and lean execution. Another widely discussed misconception was that only technology-based ideas can become successful startups. The discussion highlighted that innovation can emerge from any sector—agriculture, healthcare, education, sustainability, and social enterprises—provided the solution addresses a genuine problem.

The myth that failure in a startup is permanent was also challenged. Speakers and participants emphasized that failure is often a stepping stone, offering valuable lessons that strengthen future ventures. Additionally, the notion that a startup guarantees quick success and financial freedom was clarified, with realistic insights into the patience, persistence, and long-term commitment required to build a sustainable enterprise.

A significant part of the discussion focused on the belief that entrepreneurs must work alone. Participants were encouraged to understand the importance of teamwork, mentorship, networking, and ecosystem support. GICRISE’s mentoring, funding guidance, IPR support, and industry linkages were highlighted as crucial enablers for reducing risks and accelerating growth.

The interactive nature of the session allowed budding entrepreneurs to ask questions, share personal experiences, and reflect on their entrepreneurial readiness. Real-world examples, practical insights, and peer-to-peer learning made the session highly impactful. The discussion concluded with key takeaways on adopting a problem-first approach, validating ideas early, staying adaptable, and leveraging incubation support systems effectively.

Overall, the open discussion successfully fulfilled its objective of breaking myths, building clarity, and instilling confidence among aspiring entrepreneurs, reinforcing GICRISE’s mission of nurturing informed, resilient, and innovation-driven startup founders.

Department Name – GICRISE

Event Outcome:

The open discussion concluded with a strong message that successful startups are built on clarity, perseverance, and informed decision-making rather than myths or assumptions. By openly addressing misconceptions, the session helped budding entrepreneurs develop a balanced and realistic outlook toward entrepreneurship. Participants left with enhanced confidence, practical understanding, and motivation to pursue their ideas responsibly. The initiative reaffirmed GICRISE’s role as a catalyst in nurturing future-ready entrepreneurs under the inspiring guidance of Galgotias University leadership, strengthening the foundation for a vibrant and sustainable startup ecosystem