International Entrepreneurship Challenge was conducted during the Entrepreneurship Summit at Faculty of Management Studies on February 13, 2016.
Entrepreneurship Cell, Faculty of Management Studies (FMS) Delhi had successfully conducted its flagship event ‘International Entrepreneurship Challenge’ as part of the Entrepreneurship Summit on February 13, 2016. The competition saw an enthusiastic participation from budding entrepreneurs across the country to present their business ideas.
The panellists comprising of investors as Unitus Seed Fund and Jaarvis Accelerator, VCs and experts, who proved the finalists with a platform not just to participate in a B-Plan competition but also to pitch for funding to make their idea come alive.
The winning team ‘Bluedrop’ proposed the idea of an inexpensive durable water filter that can meet the requirements of rural India sustainably. “I am highly indebted by the opportunity to showcase my idea on such a big platform. It was a wonderful experience for me and my team which helped in exploring the unknown horizons of startup world. I am highly overwhelmed by the judging panel, IEC-2016, and happy to stand up on judges prudence for choosing us as a deserving winner’, says Bluedrop’s founder Mr. Saksham Srivastava.
Responsible Entrepreneur, a Social entrepreneurship competition launched in association with Vihaan, social service cell of FMS, focused on B-Plans that would leave a social impact on society with a financially sustainable model. The finalists in this competition proposed business solutions to ubiquitous issues like sanitation, recycling, etc. The last in the series of competitions, the Frugal Innovators competition challenged entrepreneurs to come up with innovative ideas restricted to a limited budget of Rs. 20,000.
Team Peco Labs, which proposed profitable Sugarcane farming, won the Responsible Entrepreneur competition whereas Team Nimori which proposed a Smart Pillbox was declared winner of Frugal Innovators. Start-up fair was also hosted as part of the E-Summit where start-ups setup stalls and were given an opportunity to showcase their ideas to students and investors and take feedback on the same.
Day Two of E-Summit 2016 began with Entrepreneurship Conference –a panel discussion moderated by FMS faculty Prof. Vivek Suneja on the topic, ’Demystifying Aggregation based Start-ups’. The audience comprising of students and entrepreneurs witnessed eminent personalities like Mr. Brett Stevens (VP, Jaarvis Accelerator), Mr. Vijay Singh (CEO AraamShop), Mr Anirudh Kumar (Investment Professional, Matrix Partners) and Mr. Angad Rikhy (VC, Unitus Seed Fund). The conference was followed by lunch sponsored by Bueno, a gourmet food start-up by FMS alumnus Mr. Rohan Arora.
The event then moved on to “NewAge Innovators”, a talk series where founders like Mr. Vinay Kumar (Arya), Mr. Rohan Arora (Bueno) Mr. Ankit Singh (MyPoolin) and Mr. Rahul Prasad (Juvenile Care) shared their entrepreneurial journeys and the struggle along the unexplored path.
The day concluded with the FMS Entrepreneur Award 2016 presented by The FMS Forum to joint winners Mr.Ankit Singh, Co-Founder, Mypoolin and the team of Mr Somak Ghosh and Ms. Aditi Gupta, co-founders, Contrarian Capital. The jury comprising Mr. Sandip Das, (Chairman and Parner Maitreyi Capital, former CEO Hutchisson Essar, former CEO Reliance Jio) and Prof. Vivek Suneja, (Strategy) appreciated the immense entrepreneurial capabilities that students of Faculty of Management Studies have showcased through their business ventures and encouraged the audience to take up such initiatives.
E-Summit 2016 was made possible under the guidance of Dean, FMS-Delhi, Mr. M.L.Singhla and Placement advisor Ms. Kavita Singh.
Source: FMS, Media Cell
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