Entrepreneurship Summit at IIT Bombay – A Big Success
After the first day on February 1, 2014 in Mumbai the second day of Entrepreneurship Summit was very informative and insightful.
To raise the bars set by the 1st day, another set of distinguished personalities talked on a diverse range of topics concerning entrepreneurship. Harkesh Mittla, Head of DST started things off with a talk on ‘Entrepreneurship and bureaucracy’. Mukund Mohan, CEO in residence at Microsoft Accelerator, gamification consultant Yu Kai Chou and Kathryn Lewis provided fresh perspectives on entrepreneurship. As expected, Jim Beach’s expert sessions of ‘business modeling canvas’ , ‘HR for startups’, ‘idea generation workshop’, ‘Entrepreneurial happiness’ amongst other were jam packed where around 400 people occupied a room of capacity 250 to attend his workshops. Other speakers lined up for the day included Anirudh Sharma, Varun Agrawal, Harkesh Mittal, Nitin Mukadam, Mahesh Murthy, Ajeet Khurana and Anand Lunia. The fireside chat between Mahesh Murthy and Ajeet Khurana on ‘ideas worth pursuing: best sector to startup in’ was one of the most talked about session of the day amongst professionals and young students turned up in large numbers to listen to Varun Agrawal.
Another round of engaging panel discussions were in store for the 2nd day of the summit. A host of PDs dedicated to trends in various sectors such as healthcare, education & technology, and cleantech, as well as a promising one on social enterprises happened. A very interesting PD was concerning the pressing issue of LGBT rights and Section 377; a PD which boasts of panelists like Celina Jaitley and Harish Iyer. This Panel Discussion was a conclusion to the social campaign: IOTA 377 run by ecell to sensitize the youth of India regarding LGBT rights in the student community. In the Q/A session people asked Ms. JAitley various questions concerning law, religion etc and Ms. Jaitley addressed them all. All-in-all it was an enlightening session for the 500 odd people who attended it. Another extremely intriguing session was of the two youngest CEOs of India, Shravan and Sanjay Kumaran.
Workshops and Competitions
Educative experiences for students and young professionals in the form of workshops and competitions continued to draw huge crowds with umpteen number of workshops on the cards. A few examples of workshops include that on Entrepreneurial Finance, Lean Methodology, Bootstrapping Workshop, VC Funding, Legal Aspects, etc.
Innovative competitions such as Freshbiz, Incept, Ideablaze, Pitch please, Investor’s Hat and a Business Simulation game by Tata Interactive Systems were held. As also will be held the finals of the National Entrepreneurship Challenge. Networking platforms such as Investor’s Arena and Co-founders’ Arena will be novel experiences for all guests.
The finals of Eureka!,Asia’s largest business plan competition too will be held during the E-Summit. This edition of Eureka! was bigger with prizes worth Rs. 4.5 million and an opportunity to win an all expenses paid trip to Silicon Valley during the Stanford E-Bootcamp, at stake. Intel and the Department of Science and Technology (DST), Government of India extended their esteemed support to Eureka. Among other incentives, the winners are also assured legal, HR, PR, IP and social media consultancy and incubation opportunities. Out of over 5800 B-Plans received in the first round, 20 teams who have reached the finals after a series of elimination rounds and an extensive mentoring process of over 5 months, will fight it out for the top spots. 70 semi-finalists teams were extensively mentored for a month and finally 20 were selected for pitching in the finals. There were international teams from Nigeria, Bangladesh, Uganda and Singapore amongst the semi-finalists and a team called ‘Social Corps’ from NTU, Singapore has made it to the finals. A couple of finalist start-ups (names undisclosed) are already in talks with their mentors of Eureka to secure seed funding. The finale of the competition will take place during the 2nd day of the summit and the jury will comprise of eminent VCs from firms like Mumbai Angels, Nexus Venture Partners etc.
Book Launch by Rashmi Bansal
Rashmi Bansal, best-selling author of books on entrepreneurship like Stay Hungry, Stay Foolish, Connect the Dots and I Have a Dream launched her 6th book during E-Summit 2014. Titled ‘Take Me Home’, the book is the story of 20 entrepreneurs who have built remarkable enterprises, while remaining true to their roots. From small towns across India, they run giant global companies with locally trained talent. There was a book signing session post the event.
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