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Sunday, 7 February 2016

A Review: IIT Bombay Entrepreneurship summit 2016

Tenth Edition of the Entrepreneurship Summit concluded with key note from Rana Kapoor of Yes Bank on last Sunday, 31st January at IIT Bombay. This two-day annual summit promises an amazing meeting ground for industry experts, business leaders, investors and entrepreneurs and of course, students, many of whom are aspiring entrepreneurs. It’s also the first ever event of its kind to receive patronage from the ‘Make in India’ initiative, as well as UNESCO.

The E-Summit is also the largest such event that is organized by a student body (E-Cell), and its theme this year was ‘The Global Mèlange’ to showcase the entrepreneurial ecosystems of Israel, the US, the UK, Singapore, and Australia – quite apt given that the entrepreneurial spirit is never tethered by geographical boundaries.

Panel discussions, Talk shows & Interactive sessions from the speakers all over the world brought entrepreneurial sparkle and investor energy. Sachin Bansal of Flipkart, Kunal Shah of Freecharge, Vani Kola from Kalaari Capital and Ashish Hemrajani Founder & CEO of Bookmyshow are some of the highlights of talk shows. Jim Beach faculty head of the school for startups got overwhelming response at his talk shows, and an interactive session ‘brainstorming’. The unique talk show hosted by TVF Pitchers added excitement to the event.

The Innovation Conclave witnessed participation from India’s top innovators, comprised of 15-minute long interactions. Anil Gupta, founder of the National Innovation Foundation, and Ramesh Raskar, Head of MIT Media Labs, were among those who gave insights into their ideation styles, work strategies and success stories. Srijan Pal Singh highlighted the opportunities in social entrepreneurship. The struggling story of Mansukhbhai Prajapati, founder of Mitticool and energetic talk on Mumbai’s Dabbawala by Pawan Agrawal added enthusiasm and inspiration in event.

Another major highlight was the second edition of ‘The Ten minute million Challenge’. Ten shortlisted startups got a chance to make a 10-minute pitch in front of a panel of 12 of India’s best angel investors, which was followed by an on-the-spot decision on financial backing.

Other crowd-puller events within the ambit of the E-Summit include the Job and Internship Fair which was open to all college students, and the Start-up Expo. There was also the finals of Asia’s largest Business Model competition on Day 1. Finalists had been chosen from more than 7,000 entries, and prizes worth ₹50 lakh.

Many events were organized to test the skills of young entrepreneur. Competitions like Crowd Pitch, Ideablaze, National BizQuiz, Apocalypse Management and Hackathon, all of which had already created quite a buzz. Teen Tycoons, a pitching platform for teenagers and school students. It was a revolutionary event, aimed at encouraging start-up ideas from all age groups. After all, Mark Zuckerberg was just 19 when he launched Facebook.

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