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Women entrepreneurs must focus on scale and good team: Kiran Mazumdar

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Bengaluru: Kiran Mazumdar, Biocon Chairperson on Thursday said women entrepreneurs must focus on scale and building a good team.

“As women, we must focus on building scale. If you don’t build scale, I really believe you will be at a disadvantage. You cannot then build a credible business story,” said Shaw at panel discussion ‘Promoting Women Entrepreneurship’ at Invest Karnataka 2016 Global Investors Meet (GIM).

According to Shaw, scaling process is a daunting task without creating a good team.

“A good team with critical competencies about business modeling, about finance and about marketing is a very important contributor to scaling and success,” she said at the discussion attended by women entrepreneurs from across Karnataka.

Shaw considers her bio-technology company Biocon as the first startup to emerge from Bengaluru and narrated the difficulties she faced while sharing it.

“In 1978, the bankers did not have faith in me that I, being a woman, am capable of setting up a business. Loans for women entrepreneurs were classified under the handicapped and backward classes category,” she revealed.

She thanked Karnataka State Industrial Investment and Development Corporation (KSIIDC) and Karnataka State Finance Corporation (KSFC) for coming to her aid and approving the loan.

The panel discussion also hosted a sister city initiative agreement signing between Bengaluru and San Francisco. Additional Chief Secretary Ratna Prabha and Sister City Initiatives co-chair Nandini Tandon exchanged the agreement.

Earlier, Women Entrepreneurs Guidance Cell (Mahila Udyamavani Cell) was launched to give a shot in the arm for women entrepreneurs.(IANS)

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The First All-Women Spacewalk is Set to Take Place This Week: NASA

According to NASA, The Spacewalk will last approximately six and a half hours

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Spacewalk
The Spacewalk will last approximately six and a half hours, according to NASA. Pixabay

The first all-woman spacewalk is set to take place this week itself as NASA astronauts Christina Koch and Jessica Meir are scheduled to venture outside the International Space Station (ISS) on October 17 or October 18.

The spacewalk will last approximately six and a half hours, according to NASA.

“@Space_Station update: our first all-female spacewalk with @Astro_Christina and @Astro_Jessica will be Thursday or Friday to replace a faulty battery charge-discharge unit,” NASA Administrator Jim Bridenstine tweeted on Tuesday.

Station managers decided to postpone previously planned spacewalks that had been set to install new batteries this week and next in order to replace the faulty power unit, called a Battery Charge/Discharge Unit (BCDU).

The BCDU failed to activate following the October 11 installation of new lithium-ion batteries on the space station’s truss.

Spacewalk
The Spacewalk will last approximately six and a half hours, according to NASA. Pixabay

NASA said that the BCDU failure has not impacted station operations, safety of the crew, or the ongoing experiments aboard the orbiting laboratory, many in preparation for future human missions to the Moon and Mars.

However, the failed power unit does prevent a new lithium-ion battery installed earlier this month from providing additional station power.

An all-woman spacewalk, involving Koch and NASA astronaut Anne McClain, was originally scheduled for March.

But that spacewalk was scuttled because properly fitted spacesuits could not be readied in time for both astronauts, Space.com reported.

Spacewalk
An all-woman Spacewalk, involving Koch and NASA astronaut Anne McClain, was originally scheduled for March. Pixabay

So far, the 15 women who have conducted a spacewalk did so with a male companion. So when Koch and Meir venture out of the space station this week, they will make some long-overdue history.

ALSO READ: How to Extend Your Business Abroad

This will be Koch’s fourth spacewalk and Meir’s first. (IANS)