IIM Udaipur organized its first ever E-Summit and startup fest - Prarambh 2020, on 8 and 9 February 2020 respectively. Aiming at fostering the entrepreneurship spirit, the E-summit’s theme was ‘the Last 67 strides’ which signifies the way forward for India to top the Global Entrepreneurship Index whereas Prarambh is a mentorship-cum-competition for existing startups with Minimum Viable Products and new ideas.
Keynote speakers at the E-summit - Siddharth Rajhans (Principal Policy Officer, United Nations | Founder, Spacify Inc.), Nirmala Sankaran (Co-founder HeyMath), Pankaj Thakar (Founder of Padup Venture and an Angel Investor) encouraged the students to pursue entrepreneurial dreams and discussed the way forward for India’s startup landscape.
This year, Prarambh spread its wings wider by receiving over 200+ applications. 24 teams with diverse ideas like nano anticancer solution for cancer side effects in healthcare, wealth management solution in fintech, economic cold storage solution in agriculture, smart and renewable energy and other IoT based solutions sector were shortlisted for further consideration. Mentors included Mr. Deepesh Goel who worked with Atal innovation Mission, and Mr. Akhilesh Trivedi who is a global mentor and strategist for startups.
The shortlisted teams pitched their ideas to an investor cum judge panel which included V Srinivasan, Ex CEO of Multinationals, Sridhar Rallanbandi, Ex-President and Chief Risk Officer of Lakshmi Vilas Bank, and others. The winner team was awarded Rs. 60000 cash prizes for providing and winner from new enterprise category was awarded Rs. 40000 for their innovation. The winning teams were also awarded flight tickets to Singapore for the ISET 2020 conference sponsored by Learningwhiletravelling. This year with the support of its startup ecosystem partners Saksham- The E-cell of IIMU is also offering various startup exclusive cloud and IT services worth $50,000.
The event was supported by various industry leaders such as Secure meters, Yes Bank, TiE Udaipur, IIMU Incubation Center, StartupOasis, Rajasthan Venture Capital Fund, Headstart Network, YourStory, Applied InformationSciences, Dare2Compete, LearningWhileTravelling, EasytoPitch, and Choudhary Offset printers.