Assam Startup-The Nest successfully completed the three day boot-camp and orientation session for 52 selected incubatees from 9-11 June 2019. The 3-day workshop began with an ice-breaking session followed by a series of meticulous sessions on the key aspects of entrepreneurship. The startups have been familiarized with the crucial concepts of a business like design thinking, business and financial modelling, customer acquisition, marketing and branding, and so on. Some of the personalities to take sessions during the Bootcamp are, Prashant Mishra, Dean (New Initiatives and External Relations), IIM Calcutta; Rajesh Singhal, Asst. Vice President, Bennett Coleman and Co. Ltd. (Times Group); Chandradeep Mitra, corporate trainer and startup mentor, IIM Calcutta Innovation Park; Dr. Subhrangshu Sanyal, CEO, IIM Calcutta Innovation Park; Pankaj Periwal,FCA (Branch in-charge for V.Singhi & Associates Guwahati) and Abhijit Bhuyan, Co-Founder and Managing Director of Bohniman Systems Pvt. Ltd., among others.Read More
The mega pitching event, where 113 shortlisted startups from the incubation contest pitched before the jury on 11 May at The Nest in Assam. A bootcamp was held at The Nest on 10 May 2019 on “What Investors Want”. Speakers included Sushanto Mitra, Founder & CEO, Lead Angels; Chandradeep Mitra, Advisor & Mentor, IIM Calcutta Innovation Park; Vikram Duggal, Investor & Mentor, IIM Calcutta Innovation Park; Sanjay Enishetty, Managing Director & CEO, 50K Ventures. The Pitch Hatch received over 1000 applicationsRead More
IIM Calcutta Innovation Park organised a one-day “Thinking Social” seminar at Goa in association with Goa State Innovation Council on 25th January, 2019. The primary objective of this exercise was to build awareness, interest and desire to engage with the Social Enterprise Ecosystem amongst the aspiring entrepreneurs and start ups who were about to embark on their entrepreneurship journey soon. This seminar series introduced the budding entrepreneurs to the concept of social entrepreneurship in the rapidly evolving global economy.Read More
IIM Calcutta Innovation Park launched the NIDHI Entrepreneur-In-Residence program on 2nd May 2019 by inducting the 1st batch of the fellows. The NIDHI-EIR Program would provide subsistence grant to an aspiring or budding entrepreneur of considerable potential for pursuing a promising technology business idea.Read More
IIM Calcutta Innovation Park had launched Health Trail, an accelerator to foster start-ups endeavouring to offer innovative solutions to some of the largest health problems in our country, especially in the rural sector. The Demo Day was held on 13th April 2019 where 6 start-ups pitched to 6 leading investors from across the country.Read More
The ‘Learn the Art and Science of Pitching’ Workshop was organised by IIM Calcutta Innovation Park at the IIM Calcutta campus on 2nd and 3rd April 2019. All the 43 incubatees of IIM Calcutta Innovation Park attended the two-day workshop where they were mentored by Mr Srikant Sastri, Board Chairman of IIM Calcutta Innovation Park. Sessions were conducted on topics such as Funding landscape & how one should think about funding; Estimating one’s own funding needs and the Art of Story-tellingRead More
IIM Calcutta Innovation Park organized “Thinking Social” seminar at The nest, Guwahati, Assam on 8th March, 2019. The speakers comprised senior bureaucrats from Government of Assam such as Ms. Manjula Saikia Bhuyan, IAS, Addl Secretary to the Government of Assam, Department of Commerce & Industries and Managing Director, Assam Industrial Infrastructure Development Corporation, Shri Alok Kumar, IAS, Chief Secretary to Government of Assam, Shri Ravi Capoor, IAS, Addl. Chief Secretary to Government of Assam, Department of Commerce & Industries, Assam, Shri Rajiv Bora, IAS, Addl. Chief Secretary to Government of Assam, Department of Finance, Assam and Shri Puru Gupta, IAS, Secretary to Government of Assam, Department of Commerce & Industries, Assam. Social entrepreneurs from various parts of the country such as Mr. Abhinav Girdhar, Founder – Bodhi Health Education; Mr. Hironmoy Gogoi, Founder & Creative Head- GKK India (Gaon Ka Khana) & Proprietor- Blackhorse Marketing; Mr. Prantik Sinha, Founder – Agastya Buoyant; Mr. Anupam Nath, Co Founder- Xcraft Online shared their experiences with entrepreneurs, aspiring start ups, investors, mentors and students from all over North East.Read More
The Janhit Jagran Idea Challenge Bootcamp was hosted by IIM Calcutta Innovation Park at the IIM Calcutta campus on 23rd and 24th February 2019. Nearly 30 start-ups attended the two-day bootcamp. The start-ups were mentored and guided on how to make a winning pitch. In addition, a team from VR SAARP & Co, a reputed CA firm, deliberated on compliance. Pitching sessions were also held during the bootcamp.Read More
Thinking Social Seminar was held at Sangam AIC, Gurugram on 26 February 2019. The speakers comprised of eminent social entrepreneurs such as Kalyan Koley, Founder & CEO- Aegipan Animal Bio Care and Anuroop Raj, Co Founder – Talento. The event witnessed around 50 attendees.Read More
The ‘Training of Trainers on Entrepreneurship’ workshop for 15 delegates from Mizoram took place at the IIMC Campus from 14th – 17th February 2019. The participants were sensitized about structuring a business model canvas. The topics covered during the session were:
1. Reasons to carry out innovation & taking up entrepreneurship
2. Usage of Ideation Tools & Techniques
3.Process undergone during Design Thinking
4.Structuring a Customer Value Proposition Model
5. Genesis and structure of a Business Plan and
6. Process of Drafting a Business model canvas.
An elaborate discussion on ideation tools and techniques used while structuring customers Value Proposition Model, marketing and branding requirement for any product was held. The trainers also interacted with various start-ups of IIMCIP.Read More
The Tata Social Enterprise Challenge 2018-19 received over 900 applications from across India in sectors such as agriculture; healthcare; water and sanitation; technology and development; education and skills development; housing; handicrafts; energy; and microfinance, among others. Out of 900 applications, the top 60 teams were shortlisted. This was followed by Regional Rounds at Kolkata, Bangalore, Delhi and Mumbai in December last year from which the top 20 teams were selected. Besides these 20 teams, two entrepreneurs from Germany joined the Semi-finals. The Semi-final and the Grand Finale were scheduled on 11th and 12th January, 2019 respectively at IIM Calcutta. In the Grand Finale the top three startups in the social enterprises space were identified. Eminent personalities also attended the event to motivate the youth towards social entrepreneurship.Read More
IIM Calcutta Innovation Park (IIMCIP) in association with the Directorate of Micro, Small and Medium Enterprises, Government of West Bengal conducted 3-day residential programmes for the officers of the District Industries Centre and the Directorate of MSME at IIM Calcutta. The training programmes were held in 3 batches.Read More
The Regional Rounds of the 7th edition of Tata Social Enterprise Challenge 2018 to find India’s most promising early-stage social innovators was held in the four cities of Kolkata, Bangalore, Delhi and Mumbai between 1-11 December, 2018. The events witnessed the participation of around 60 start-ups.Read More
Thinking Social Seminar took place at SR Innovation Exchange, Warrangal on 16 November 2018. The speakers comprised of eminent social entrepreneurs such as Kalyan Sivasailam , Founder – 5C Networks, Dr. NSD Prasad Rao, Founder & CEO Ameya Life , Sanjay Kumar, Founder – Milletbowl, Kiran Vuppala, Founder – Cerelia Nutritech. The event witnessed around 100 attendees.Read More
IIM Calcutta Innovation Park has launched Health Trail, an accelerator to foster start-ups endeavouring to offer innovative solutions to some of the largest health problems in our country, especially in the rural sector.
Accelerator Highlights –
15 Member Cohort
7 Dedicated Mentor
5 Top Start ups
Up to 50 Lakhs seed funding for selected startups
For More Details Log onto : http://www.iimcip.org/health-trail/Read More
Tata Group in collaboration with the Indian Institute of Management (IIM Calcutta), announced the 7th edition of Tata Social Enterprise Challenge 2018 to find India’s most promising early-stage social innovators. Entrepreneurs can submit their business plans online, by logging onto www.tatasechallenge.org. The last day to submit the Impact Proposal (business plan) online is 3rd October, 2018.Read More
IIM Calcutta Innovation Park in association with the Department of Micro, Small & Medium Enterprises & Textiles (MSME&T), Government of West Bengal organised the first Entrepreneurship Development Centre Network (EDCN) program in West Bengal at the IIM Calcutta Campus from 5th to 7th July 2018. The program aimed to ignite the Young Minds by helping them to ideate, have them nurtured and thereby create an Entrepreneurial Ecosystem right at the grass roots.Read More
IIM Calcutta Innovation Park (IIMCIP) in association with Department of Science and Technology, Government of India has launched North East Accelerator Program (NEAP) to create a supportive eco-system for the entrepreneurs in North-east with STPI and Ennovent as partners of the initiative. Out of over 150 applications from start-ups across North-east, 12 most scalable ideas were shortlisted and subsequently considered for acceleration by IIMCIP. A total of 3 bootcamps were held in Guwahati, Assam. The first one was held from April 3 to 5 at the National Institute of Rural Development while the second was held from June 8 to 9 at the Indian Institute of Entrepreneurship. The third bootcamp was held from August 2 to 3 at the National Institute of Rural Development and Panchayati Raj. Start-ups from the following domain are part of NEAP: Food and Agriculture, Logistics, Education, Fashion and Tourism. The program concluded with Demo Day where NEAP start-ups pitched to investors from banks and FIs, investor organisations, HNIs located at Assam, Kolkata and Bangalore.Read More
India has emerged as a powerful developing economy over the last 70 years. However, it continues to face some of the trickiest development challenges that require the combined might of youth, entrepreneurship and innovators to develop sustainable solutions. To bridge the gap and take India to the next level, the need of the hour is to come up with innovative solutions to the various socio-economic challenges thereby impacting lives of people at large. Government of India is actively encouraging Entrepreneurship development and is working closely with key stakeholders in the eco-system to develop multipronged strategies to energise youth to take entrepreneurship as their preferred choice through innovative programmes like Start-up India and Stand up India. Smartfifty (http://www.smartfifty.com/) is one of the biggest StartUp Hunt in India. It is an initiative aligned with the country’s focused approach to promote entrepreneurship leading to social development.
In September 2017, IIMCIP in association with the DST, GoI launched a grand startup challenge called – Smart Fifty – to identify fifty smart ideas/solutions for India in the areas of Sustainability, Health Care, Agriculture, Smart Cities, Fintech, Analytics and Education. Smart Fifty is a major initiative to identify, recognize and reward aspiring and early-stage entrepreneurs and innovators aiming to create large scale positive change in India. The Hunt is aimed at strengthening the Hon’ble Prime Minister’s Startup India mission.
We received an overwhelming response from across the country with over 15,000+ teams participating in the challenge. After several rounds of screening top 400 team got shortlisted across 4 regions in the country and undergone through another round of screening. The top 3000 teams got the opportunity to participate in the Regional Rounds day 1 held in Kolkata, Bangalore, Mumbai and Delhi. In the regional round –Day 2, top 400 teams pitched their idea to a panel of Jury members and subsequently top 50 teams were shorlisted. 10 teams from International rounds joined this 40 in the semi-final.
In the second phase of Smart Fifty was the StartUp Boot Camp, a four day program held at IIM Calcutta Campus from 19th – 22nd March , 2018. Top 50 teams were mentored at IIM Calcutta for a week and a Jury identified 10 investible ideas. Mentors conducted intensive sessions with the top 50 teams to help refine their business plans as well as sharpen their presentation skills. Post the semi-finals at IIMC 10 teams got selected for the grand finale which took place at the NDTV studio in Delhi on 25 March 2018.Top 50 teams got assured funding of Rs. 0.4 million each.
During the Boot Camp the partcipants were trained to present 2 minutes pitch for their semifinals. Some eminent speakers during the BootCamp were Chandrasekhar Ghosh( CEO- Bandhan Bank), Dr.Sameer Gupta ( Healthcare),
Dr. N Venkatesh Prajna (Aravind Eyecare), Prof. Leena Chatterjee (IIMC ), Rohit Jain(Singhania Partners), Satya Narayanan(Career Launcher), Prof. Ashok Banerjee (IIMC) and many more.
Key Benifits of the Boot Camp :
Discover how to evaluate business ideas, diagnose and solve business problems, and determine strategic growth opportunities.
Gain a deeper understanding of market forces and competition, and how to think beyond market constraints.
Develop the ability to scale up further, faster, and more effectively.
Understand how to facilitate partnerships with key stakeholders.
Acquire the leadership skills necessary for managing innovative organizations.
The capacity building program was undertaken by Mr. Prakash Mundhra, (Marketing Director Prmotex Industries). The workshop attended by 10 startups.
Mr. Mundhra spoke about the element of a marketing system that includes the development and delivery of company or product messages to targeted customers. Paid advertising along with a number of other unpaid promotional tools are used to accomplish marketing communication objectives.
There are different types of marketing strategies available. Picking up a marketing strategy includes analyzing the needs of business, target audience and specifications of products.
The two main types of marketing strategy are:
1. Business to business (B2B) marketing
2. Business to consumer (B2C) marketing.
According to him “Marketing begins with a creator and ends with a consumer. It’s the process by which consumers learn about and obtain products and services. Marketing is more than just advertising, though it does include that aspect of the process. It also includes the media through which a product or services offered and the research that goes into the final decisions of how to package and sell it.”
Some do’s and dont’s in Email-Marketing :
1. Bulk email is not very effecting marketing strategy
2. While drafting an email subject line should be very important
3. Email should not be too long
4. Keeping track of the bounced mail
Lastly he mentioned about an impotent tool of marketing which is digital marketing :The Internet and all its permutations is the latest frontier for marketers. An online presence is almost a requirement in the 21st century as part of any marketing efforts. Marketing can be done in a huge array of formats, from websites to social media and mobile applications, and can allow for customization, content-based ads, and interaction from the audience.
The workshop ended with an interactive Q & A session, where questions were posed by not only the participants but faculty as well.Read More
The workshop was undertaken by Mr. Arindam Som, Consumer & Market Insights (CMI) Lead at GSK CH; ex-CMI & Marketing Director at Unilever .The workshop was attended by 10 startup.
Mr. Som spoke about “India needs to nurture the dreams of start-ups as they become the future engine of our economic growth”. He mentioned that the Start-ups have great innovation ideas, many of them are positioned to solve some genuine problems of ours or enabling people to aspire big.However there are few basic questions which we need to solve for to make a profitable business out of it. These are:
(i) ESTIMATE THE UNVOICED or PERCEIVED NEED GAPS
Is there a genuine or perceived need gap in people’s livestoday, around which we our idea exists? Would people really spend more money than usual, to buy this new product / service from you? How do we understand or observe for people’s genuine needs which many a time, may remain unvoiced?
(ii) THE NEED FOR A BRAND
In many instances, people would spend a bit extra to buy a product (over any other) because it comes with certain credentials. Is it just the highest quality? Or are they looking for an enhancement of their image, what they would like others to think about her / him while consuming this product / service?
(iii) APT COMMUNICATION IN THE RIGHT CHANNELS
How do you make sure that the news of your product / servicehas reached the right people in the right way, hopefully at the minimum of the expenses? You may not be able to advertise in TV but you still need to make the news viral. Are you doing things required as per the evolution of the product / service?
(iv) VALUE FOR MONEY, ITS NOT ABOUT THE PRICE
Indians need to feel smart while buying your stuff. We would like to extract the maximum value for whatever we spend our money in. Is your product / service up for this challenge? Have you packed ‘more things for less cost’? Do people see a value of your idea beyond its usage life cycle?
These are some of the things for which I had the opportunity to talk to with 10 start-ups from Bengal at the IIM-C campus, in early February 2018. What was intended as a lecture, soon became a session when it was about empathizing with the realities of what our entrepreneurs are facing and co-creating some potential ‘solutions & tactics & strategy’ which we can realistically implement. It was a session when I had to quickly go back to specific examples from my experiences in Unilever or when I had my own consulting or now in Glaxo SmithKline, and distill the real learning from it and devising a course of action.
(v) RUTHLESS CONSUMER CENTRICITY
In a market when a maximum 5%-10% innovations survive with decent margins, I really think ‘consumer centricity’ is the answer which can fool-proof our idea against all odds (even while talking to potential investors and incubators). Spending time with consumers (even potential) and shadowing them and having genuine conversations with them is going to provide the much-needed solutions for need gaps, branding, communication approaches and how to optimize cost and price. If we do this for atleast 3-4 hours in a week with discipline and without distractions for all members of your organization, its bound to provide practical solutions for not only your business but also your self.
Lastly he mentioned that , our entrepreneurs are already superb with their thoughts, are willing to sweat it out and are focused on making a business. At the same time, the market is ruthless in weeding out the ‘weak’. Therefore, we need to think practical and always think ‘how to make money’. It really helps us in prioritization.
The workshop ended with an interactive Q & A session, where questions were posed by not only the participants but faculty as well.Read More
The recent days buzzed ‘business’ in the air of the IIM Calcutta campus as they successfully organized and hosted two major events in the premises that could inspire the upcoming business and corporate fraternity to a great extent
The E- Cell, IIM Calcutta in association with IIM Calcutta Innovation Park (IIM CIP) organised its flagship event – Ideas to Implementation (commonly known as i2i) 2018. The I2I business plan competition was a practical learning and implementation platform for aspiring entrepreneurs and proved to be a tough decision for the judges as they wracked their brains to decide on the winner out of 19 participating teams, all of which had come up with mind blowing business ideas that would yield great results if implemented.
The judges for the competition were Mr Subhrangshu Sanyal (CEO IIMCIP) Mr.Sagar Daryani ( Founder Wow-Momo) Mr. Ambarish Murty ( Founder- Pepper Fry) and Mr. Aloke Mukherjee who finally came up with three names who would turn their Start-up dreams into reality based on Social Impact, Innovation, Business Model, Revenue Model & Sustainability, Leadership and Team.
The winning team, Manuring It! came up with a brilliant idea of developing a digital platform which will calculate in real time and match the farmer’s land input and output cost with the average of other farmers of the same area; with a standard farmer practicing sustainable agriculture and with
government’s projections and history of the crop value and demand. The information or the latching score will enable the farmer to know if he/she is under using or overusing the farm inputs. They have already started post revenue phase with equipment lending and insurance model. The digital platform will be patented and can host data of 1 million farmers in real time.
Parallel to the competition, this year, the 11th International Entrepreneurship Summit which surpassed all its previous records in terms of magnitude, took place in IIM Calcutta Auditorium. The theme of the E- Summit theme was Think beyond Funding: Going Sustainable.
Every year E-Cell, IIM Calcutta along with IIM Calcutta Innovation Park organises The Entrepreneurship Summit, famously known as E-Summit. It is a mammoth entrepreneurship event of its kind in Eastern India. The event merges entrepreneurs, industrialists, VCs, angel investors, famous personalities from different domains, faculty and students to foster the spirit of entrepreneurship
Initiating the event, Mr. Subhragshu Sanyal, the CEO of IIMCIP threw some light on the issue of ‘Going Sustainable’ as it is a cause of global concern and point of discussion among many of the who’s who of the industry. He highlighted on the importance and heritage of this Summit and how it impacts the thought process of the attendees because of the excellence with which the course of events is carried out to be deciphered by the audience.
The stalwarts who were present as speakers in the Summit to put forward their expert opinion around the subject of sustainability were Mr. Utkarsh Amitabh, Microsoft – Business Development; World Economic Forum Global Shaper (Davos50); Founder – Networkcapital.co. followed by Vinay Jaju , Founder , Onergy and Ambresh Murthy, founder of Pepperfry.
Panel Discussion of IIMCIP incubated startup on Think Beyond Funding: Going Sustainable was graced by Varun Biyani, Anup Agarwal , Cofounder – Truckhal, Ekta Jaju, Founder-Onganic, Rajib Sengupta, Co-Founder -Arogya Medtech, Priyadarshini Dey , Director-NexConnect and proved to be fruitful from where attendees could draw inference of the subject.
IIM Calcutta once again retained its reputation of fostering and motivating young minds and nurturing their talents irrespective of their background.Read More
IIM Calcutta Innovation Park in association with the TATA group hosted the Thinking Social Seminar at Symbiosis Institute of Media and Communication (SIMC), Lavale, Pune on January 27th, 2018. About 120+ students attended the seminar. The primary objective of this event was to build awareness on social entrepreneurship, generating interest and inspiring the youth to come up with innovative solutions to prevalent social challenges.
The speakers consisted of an esteemed panel of entrepreneurs including – Suman Mukhopadhyay – Director Banglanatak.com; Varun Kashyap, Co-founder LetsEndorse; Honey Bajaj – Serial Innovator and Entrepreneur & Co-founder – Avir Technologies; Ashwin Naik, Co-founder – Vaatsalya Healthcare; Ramesh Menon – Visiting Faculty SIMC, a veteran journalist, author, documentary film maker and a corporate trainer; Manivannan, CEO – Desicrew
Suman Mukhopadhyay – Director Banglanatak.com shared with the audience the concept of Social Entrepreneurship and the relevance of smart solutions to solve development challenges in the country.
Honey Bajaj, Serial Innovator and Entrepreneur & Co-founder – Avir Technologies shared with the audience her inspiring journey in the social entrepreneurship space. Honey has used her design thinking methodologies in the work she does and created some innovative solutions to some of the challenges. She is currently a researcher at MIT and co-founder of Avir Technologies for humanising technologies for creating impact in the Indian healthcare system.
Varun Kashyap, Co-founder LetsEndorse spoke about his entrepreneurial journey and shared the vision of his organization. He found his calling in entrepreneurship back in 2006 when he joined Punjab Engineering College for an undergraduate degree in Mechanical Engineering. Currently Varun is the co-founder at LetsEndorse – a community platform that engages the NGOs, Social innovators, Businesses/Companies, Government and all the People to create an Ecosystem that drives Social Change.
Ashwin Naik, Co-Founder – Vaatsalya explained to the audience how everyone is a Changemaker and how young people can take up the opportunity in changing the world. He also shared the journey of Vaatsalya and explained how
Ramesh Menon, Visiting Faculty SIMC, a veteran journalist, author, documentary film maker and a corporate trainer addressed the students on the topic of why social thinking is absolutely necessary for India. He commended the youth for being full of ideas, and encouraged them to come up with interesting ideas in the social sector. “Our youth is not only looking at a better quality of life but also a better India.”
Manivannan, CEO – Desicrew spoke about Desi Crews journey and how they have enabled over 4 million people to open bank accounts. He also spoke about how Desi Crew had set up operations in over 400 villages across India.Read More
The winners of the Tata Social Enterprise Challenge 2017-18 (TSEC), a joint initiative of the Tata group and Indian Institute of Management Calcutta (IIMC), were announced during the grand finale held on January 6, 2018, at the IIM Calcutta campus. The challenge endeavours to find India’s most promising early-stage social enterprises, and create an ecosystem for social entrepreneurship – encouraging sustainable, scalable and measurable social impact.
The Elbow Engineers from Chennai (Winner), Chakr Innovation from New Delhi (1st Runners-up) and JK Nanosolutions from Bangaluru (2nd Runners-up) emerged as the top three most promising social ventures, winning prize money of Rs. 2.5 lakhs, Rs. 2 lakhs and Rs. 1.50 lakhs, respectively.
• Mentorship: The top 20 teams were selected for semi-finals and provided mentorship support for two weeks.
• Funding Opportunity: All teams shortlisted for the semi-finals and finals get an opportunity to pitch to India’s largest social VCs for seed funding.
• Incubation: The top 20 teams will get an opportunity to pitch for incubation at IIM Calcutta.
• Cash Award: Total prize money of ₹6 lakh for the top three teams. The semi-finalists received travel grants.
The Elbow Engineers, the winner of the challenge, is a Chennai-based startup that has developed a device to provide a comprehensive water generation solution. The device generates water by condensing water vapour from the atmosphere, it purifies the generated water through an Ultra Violet Light sterilizer providing clean drinking water at less than 84 paise per litre, and in the process cleans the air that we breathe of harmful substances.
Chakr Innovation, which was announced as the first runners-up, is a New Delhi-based startup that has developed Chakr Shield, a device that can capture 90% of particulate matter emission from diesel generators. The device controls pollution without causing any adverse impact on the engine’s performance or the environment, and at the same time converts the collected particulate matter into raw material for inks and paints.
JK Nanosolutions, the second runners-up, is a Bengaluru-based startup. It has developed a cost effective rapid solution for complete treatment of waste water and textile effluent using nanotechnology. By this method, 98 percent of treated water can be reused.
Apart from the top 3 winning ventures, the 7 ventures that have made it to the top 10 finalists are, Bombay Bijlee, Villamart, Cerelia Nutritech, Manuring It!, Nanobios lab, IIT Bombay, Resnova Technologies and Sonant Technologies. The ventures were judged on three parameters – Business Model, Social Impact and Sustainability (For more details on the ventures, please refer to Annexure 1).
Speaking on the occasion, Prof. Ashok Banerjee, Director, IIM Calcutta Innovation Park said, “Over the last six years, Tata Social Enterprise Challenge has encouraged many budding entrepreneurs to grow with a vision and create positive sustainable social impact. We are pleased with the quality of talent and the enthusiasm of entrepreneurs who have dreams to make a difference to the society to which they belong.”
Mr. Sandeep Kumar, Managing Director, Tata Metaliks, felicitated the winners and said, “Listening to and meeting the finalists of Tata Social Enterprise Challenge was an enriching and inspiring experience.”
The Tata Social Enterprise Challenge 2017-18 received over 500 proposals from across India, of which 205 met the eligibility criteria and qualified for the next round of the competition. These proposals covered several different areas such as agriculture; food and dairy; healthcare; water and sanitation; technology and development; education and skills development; housing; handicrafts; energy; and micro finance, among others.Read More
IIM Calcutta Innovation Park (IIMCIP) in association with Department of Science & Technology (DST) launched the ‘North East Accelerator Program’.
Ennovent, a global innovation company which focuses on sustainability , STPI (Software Techparks of India), the Ministry of Electronics & Information Technology Government of India have partnered with IIMCIP to execute the acceleration program.
The initiative has been counted among the first of its kind in the North East region, acting as a platform for budding entrepreneurs and innovators from the North East, all the while facilitating the creation of successful ventures through implementation of various processes being mentoring, providing visibility, networking support, capacity building and access to funding opportunities. The accelerator program is a unique initiative which is expected to bring together the key stakeholders in the North Eastern entrepreneurial ecosystem comprising of start ups, investors, mentors and subject matter experts. The selected entrepreneurs will get the opportunity to participate in boot camp and shall be closely mentored by the panel of experts from IIMCIP on various aspects of business along with opportunities to connect to potential customer segments and investors.
Speaking on the occasion, Dr.Subhrangshu Sanyal (CEO, IIMCIP) said and we quote “Though the North-Eastern States of India have huge potential being– human, natural and economic, it is also true that this large resource remains largely unexplored. Away to unlock this potential would be to unleash the creative energy of current and emerging entrepreneurs from the region. This in turn will have multiple benefits like creating more employment opportunities, reducing or reversing migration of local youth, expansion of the local business ecosystem all the while helping facilitate the socio-economic development of the region”.Read More