Entrepreneurship Summit at IIT Bombay

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Mumbai, February 1, 2014: The establishment of Desai Sethi Entrepreneurship Centre was announced by the Director of IIT Bombay during the inaugural session of Entrepreneurship Summit (E-Summit 2014), which is being organized by the Entrepreneurship Cell of the Institute from February 1-2, 2014. Based on the theme ‘Dream, Discover, Disrupt’, the Summit will witness a confluence of visionary students, professionals, business leaders and entrepreneurs. It will play host to speaker sessions, panel discussions and workshops by stalwarts from various industries, and will include a range of networking events and a plethora of competitions. This year, the E-Summit has been granted UN patronage as well. Day 1 of Entrepreneurship Summit witnessed 3000 students and corporates joining from across the country.

 In a major leap towards encouraging the entrepreneurship spirit among its students, Indian Institute of Technology Bombay (IIT Bombay), will be soon establishing an Entrepreneurship Centre at its premises, with a generous funding received from Syntel Co-founders Mr. Bharat Desai (1975 IIT Bombay Alumnus) and Ms. Neerja Sethi, under the aegis of The DS Foundation (Desai Sethi Family Foundation).

The new Centre, which will be named ‘Desai Sethi Centre for Entrepreneurship’, will foster entrepreneurship and technology innovation through new programmes for education and research, multi-disciplinary courses, research laboratories and partnerships. Students in the programme will receive instruction and mentorship from the IITB faculty as well as distinguished guest faculty from leading international institutions. “We are delighted to launch the Desai Sethi Centre for Entrepreneurship and thank the DS Foundation for their support in developing the next generation of business leaders”, said Prof. Devang V. Khakhar, Director, IIT Bombay, adding, “The entrepreneurship centre will enable IITB to become the hub of entrepreneurship in the region, similar to the role played by the Stanford University in the Silicon Valley.”

In addition to the established disciplines at IITB, the centre will focus on emerging technology areas like Nanotech and Biotech. Prototyping facilities will enable students to convert their innovative ideas into proofs of concept. The centre’s activities will cover the entrepreneurship value chain to include mentoring, micro-grants and networking with established entrepreneurs and industry leaders. It will be managed by an Advisory Board comprising faculty members, student representatives, industry professionals and two renowned international experts on entrepreneurship nominated by The DS Foundation (Desai Sethi Family Foundation).  “Entrepreneurship and innovation are critical for creating economic empowerment for a prosperous and peaceful world,” said Mr. Desai, Syntel’s Chairman and Co-founder. “IITB has always been a hotbed for innovative thinkers, and this entrepreneurship centre offers a new channel to convert breakthrough ideas into viable business ventures.”

The Inaugural session of the E-Summit moreover, included an address on the Summit’s theme by Mr. Alexander Blass, CEO of Innovative Institution of America, and an Oxford and Wharton alumnus. Speaking to the the aspiring entrepreneurs, Mr. Blass remarked, “Being sensitive to what people (customers) value is more important than market research. The customer may not always be able to articulate his/ her needs, it is your responsibility as innovators/ entrepreneurs to understand their requirements. But avoid the know-it-all attitude.” The presentation of Mr. Blass was followed by a keynote address on “Entrepreneurship & Innovation for a Better World”, by Mr. Desai.

One of the most awaited events at IIT Bombay, E-Summit this year is offering an interesting array of events like Business Plan Competitions (including the highly popular Eureka! Finals.

Speaker Sessions

Day 1 of The E-Summit ‘14 played host to a range of eminent entrepreneurial personalities from across the world for dedicated speaker sessions.

Founder of the famed Super 30 program, Anand Kumar, delivered an inspiring talk on ‘I have a dream’ at LT(PCSA). Nandini Vaidyanathan, Founder and Mentor, CARMa, also has a couple of stirring talks lined up on the themes of ‘Where do you get ideas from?’ and ‘Women entrepreneurs: examples, not exceptions’. The founder of Vu Technologies, Devita Saraf will spoke on ‘How to make a technology brand’. Biju Dominic, CEO of FinalMile consulting, a Chicago and Mumbai based consulting firm will delved into the ‘Human Brain: Behavior Architecture and Entrepreneurship’.

Panel Discussions

A number of engaging panel discussions too are on the agenda. ‘E-Commerce: the inside story’, will be the highlight of the numerous panel discussions with bigwigs such as Sachin Bansal of Flipkart, Ashutosh Lawania of Myntra and Rohit Bansal of Snapdeal set to grace the stage together for the first time ever. When the three tycoons shared the stage, 2000 people comprising students, professionals witnessed the panel discussion with intriguing and enlightening questions from Mr. Ajit Khurana. There were a number of other PDs such as those on ‘Job vs Entrepreneurship’, ‘Trends in Mobile Gaming’, ‘Mobile Space’ and ‘Trends in Big Data’ which were  engaging and insightful.

 Workshops

Interactive workshops taken by experts in their respective fields were great learning experiences for everyone. International mentors like social media and mar

Competitions

A variety of competitions with huge prizes at stake had been designed to test the entrepreneurial bend of mind and business skills of students and young professionals alike. Day 1 witnessed competitions with massive prizes at stake like the National BizQuiz, Freshbiz, Crowd Pitch and Ideablaze.

Networking Arenas

A host of networking hubs catering to everyone involved in the startup ecosystem was set up at the LT Backlawns for the duration of the E-Summit, viz. an Idea Validation Arena for getting startup ideas validated by experts and Business Mentoring Hub for startups facing problems will also be present to serve the guests. Networking arenas were buzzing with start-ups to get their queries addressed.

Entertainment

To soothe nerves after a day of exhilarating sessions and competitions, the E-Summit organized music performances by Lagori and Coshish at the Convocation Hall which enthralled the audience.

About The Entrepreneurship Cell, IIT Bombay

The Entrepreneurship Cell is a non-profit organization run by the students of IIT Bombay that aims at manifesting the latent entrepreneurial spirit of the young students. E-Cell hosts various workshops, speaker sessions, innovative games, competitions for aspiring entrepreneurs and support them by providing necessary resources such as seed funding, mentoring, consultancy and networking. Some of its major initiatives are the E-Summit, Eureka!, EnSpace, National Entrepreneurship Challenge and the EnB Club. Visit:  http://ecell.in/esummit

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Amisha Singh

Avid Blogger, Digital Marketing Enthusiast, Entrepreneur, Product & Project Strategist, Nature Lover, Foodie.