The JITO Incubation and Innovation Foundation is set to host a ‘family business’ Summit, bringing together industry leaders, wealth managers, and entrepreneurial families for a transformative day of discussions and collaboration. This event aims to empower family businesses with strategies for sustainable growth, while also fostering innovation by connecting startups with potential investors.
Family businesses, a cornerstone of India’s economic fabric, are evolving rapidly to embrace modern investment strategies. Globally, family offices have increasingly turned to direct investments in startups, with three-quarters reporting significant allocations to early-stage ventures. In India, family offices are becoming pivotal in generating domestic risk capital, contributing to a vibrant entrepreneurial ecosystem. The summit will explore these trends and the critical role family businesses play in funding innovation.
D. Jeetendra Bhandari, Chairman TNAPTS Zone JIIF emphasized the need for family businesses to adapt to changing times, said “Professionalism is the need of the hour at Family Offices and managing family wealth for sustaining and expanding generational wealth in today’s dynamic investing market. Managing Family Wealth is as important as managing Family Businesses”.
Speaking about the Summit Jeenendra Bhandari, Chairman of JITO Incubation and Innovation Foundation (JIIF) said “The future of family businesses lies in managing the Family Wealth and well planned transition while staying rooted in their core values. At JIIf, we aim to empower our businesses families and entrepreneurs by providing the technology, tools, insights, and opportunities to grow sustainably. With Gen Z stepping up to lead family enterprises and their generational wealth, their fresh perspectives and digital-first approach are driving transformation not only in their businesses but also investments and wealth, ensuring these legacies adapt and thrive in a this VUCA world..”
A standout feature of the event will be the inspiring stories from multigenerational family businesses, offering firsthand accounts of how they have navigated complex challenges, leveraged innovation, and embraced emerging opportunities. The engaging sessions will highlight the pivotal role of Gen Z in steering family businesses forward, as this new generation drives transformation by embracing digitalization, modernizing traditional business models, and exploring uncharted investment avenues. Their leadership and fresh perspectives are proving vital in ensuring the longevity, adaptability, and global competitiveness of family enterprises, while also serving as a blueprint for families seeking to balance modernization with preserving their heritage.
The event will also feature a series of insightful discussions aimed at equipping attendees with actionable strategies to build robust family foundations that foster long-term success and stability. Participants will gain valuable knowledge about high-growth investment sectors, including opportunities in pre-IPOs, startups, the stock market, and real estate, guided by seasoned CXOs and fund managers. Additionally, the summit will delve into achieving a harmonious balance between financial success and physical well-being, with thought-provoking sessions led by industry experts.
JITO Shark Angels, a dynamic pitch session, will cap off the day, where startups will present their ideas to an audience of seasoned investors and Ultra HNIs of Chennai. This interactive segment will provide a unique platform for innovation and funding, further bridging the gap between traditional family businesses and the entrepreneurial ecosystem while offering an unparalleled opportunity to connect with some of the most influential investors in the region.
This summit is a must-attend for business leaders, entrepreneurs, and aspiring professionals looking to gain practical insights, expand their network and stay ahead in today’s rapidly evolving economic landscape.
