The Government of Meghalaya is very keen on creating a growing number of sustainable business enterprises to foster socio-economic development and employment generation in the state. The aim is to develop an “Entrepreneurial Ecosystem” in the State. Therefore, the Chief Minister’s E Champion Challenge was launched on 14th August 2019 by Mr Conrad K Sangma. It is being implemented through the Meghalaya Institute of Entrepreneurship (MIE) in the state. The initiative is being supported by IIM Calcutta innovation Park (IIMCIP) and will support the Government of Meghalaya and MIE in planning, implementing and monitoring the Chief Minister’s E Champion Challenge to deliver its desired results.Read More
IIMCIP has partnered with the Mizoram government to launch the third edition of the biggest B-plan contest in the state. It was inaugurated by the chief secretary of Mizoram Lalnunmawia Chuaungo in Aizawl on 17th June 2019 and the event was attended by over 200 budding entrepreneurs. IIMCIP through this initiative aims to nurture the start-up ecosystem and promote entrepreneurship in the state by mentoring the young minds and connecting them with their desired markets as well as venture capitalists.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
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
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
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
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 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
Tata Social Enterprise Challenge 2017-18, a joint initiative of the Tata group and the Indian Institute of Management Calcutta (IIM-C), celebrated India’s most promising early-stage social enterprises, which intends to bring long-term solutions to India’s social needs.
The grand finale of the program will be held on January 6th, 2018, at the Indian Institute of Management Calcutta (IIM-C).The event shall be attended by individuals from various sectors of the entrepreneurial ecosystem comprising social entrepreneurs, students, corporate, impact investors, and members of the academic sector from all over the country.
TSEC 2017 edition had received over 400 registrations from across India, out of which 205 met all the eligibility criteria and moved to the next round of the competition. The impact sectors being agriculture, food and dairy; healthcare, water and sanitation; technology and development; education & skills development; housing; handicrafts; and energy and micro-finance/financial inclusion, amongst a few. The ventures were judged on three parameters them being :
Social Impact and
IIM Calcutta Innovation Park in association with MEDMOC, the Government of Mizoram announced the launch of MIZORAM KAILAWN on the 18th July’2017, to promote and develop entrepreneurship in Mizoram starting with the first business plan contest in Mizoram.
The business plan contest has been conceived to ignite the spirit of entrepreneurship amongst the people of Mizoram which will eventually lead to growth and prosperity in Mizoram.
To know more about the contest and to apply click here
Last Date to Apply: 31st August’2017Read More
Ideas to Implementation, popularly known as I2i is an International Business Plan competition which endeavours to provide an ideal platform for budding entrepreneurs to realize their dreams by making them connect to ideas, fund and people who matter.
Prospective winners get the golden opportunity to win cash prizes worth 4.5 lakhs and Incubation support at IIM Calcutta Innovation Park.
I2i this year received huge response with 400+ entries.
23 teams were shortlisted for the semi-finals which was conducted at IIM Calcutta on 4th February 2017. This was followed by the finals on the 5th of February 2017. After an intense level of competition before a panel of highly distinguished and renowned jury, Drone Tech Lab (winners), Abhiruchi Probiotics (1st Runner Up) and Project Mudra (2nd runner up) emerged as the winning ventures, receiving prize money of Rs 2 lakhs, Rs 1.5 lakhs and Rs 1 lakh, respectively.
Drones Tech Lab is the research and development wing of EduRade – an IIM Calcutta Innovation Park incubated organisation, which is primarily engaged in manufacturing and supplying drones to farmers (with automated agriculture systems to monitor and develop their crops yields), Defense Organizations (Surveillance & Combat Drones) and also providing automated drones to health industry.
Abhiruchi Probiotics is a health and wellness company involved in developing patent protected probiotic products aimed to provide health benefits with an initial focus on providing a formulation for better management of cholesterol.
Project Mudra is involved in developing hardware and software technology for Braille based education. They also engage in delivering innovative solutions for non visual tactile data delivery to meet the growing accessibility needs of smart urban spaces. Their flagship product helps in early schooling of visually impaired students via gamified audio lessons over Braille based hardware.Read More
The grand finale of the fifth edition of the programme held on January 14, 2017, at the Indian Institute of Management Calcutta (IIM-C), saw Pentavalent Biosciences from Bangalore (Winner), Arogya Medtech from Kolkata (1st Runner-up), and Bombay Hemp Company (BOHECO) from Mumbai (2nd Runner-up), emerge as the winning ventures, receiving prize money of Rs. 2.5 lakh, Rs. 2 lakh and Rs. 1.5 lakh, respectively.
This year’s edition received 600+ registrations from across India, out of which 214 met all the eligibility criteria and moved to the next round of the competition. These impact proposals were in the area of agriculture, food and dairy; healthcare, water and sanitation; technology and development; education & skills development; housing; handicrafts; and energy and microfinance/financial inclusion. The ventures were judged on three parameters – Business Model, Social Impact and Sustainability.
Pentavalent Bio Sciences Private Limited, winner of the Tata Social Enterprise Challenge 2016-17, is a Bangalore-based social enterprise. Pentavalent Bio Sciences is a fully integrated biotech start-up that provides innovative solutions from discovery to development, leveraging cutting-edge science, cost effective molecular diagnostics and new ideas and technologies in the diagnostics market.
They are currently developing an innovative diagnostic tool using novel in-house FlapCut technology that detects tuberculosis (TB) in patients and helps doctors to prescribe patient-specific antibiotics for treatment.
Ecstatic with her win, Bhavani PV said, “This exposure was really required. The Jury’s input and mentoring helped us a lot in improving our business model. Initially it was only us who believed in our product, but Tata Social Enterprise Challenge helped us to believe that our product can reach the end user.”
First runner-up Arogya Medtech Pvt. Ltd, a Kolkata based venture, has developed a product called CEREBROS, a low-cost, less resource intensive, portable, radiation free, non-invasive, multi-modal (Near-Infrared Spectroscopy (NIRS) and Electroencephalography (EEG/EOG)) brain-scanning device in the form a wearable head-gear, optimised using a proprietary embedded system and ‘smart’ algorithms.
Rajib Sengupta, representing the venture, said, “It was an awesome experience. It’s great to know that there is such a great platform in Eastern India for social entrepreneurship. It’s good to see more and more startups in Bengal; a lot of new and innovative startups are coming up and this platform is going to give us the right impetus.”
The second runner-up position was won by Bombay Hemp Company Pvt Ltd (BOHECO) from Mumbai. Bombay Hemp Company Pvt. Ltd (BOHECO) is India’s first industrial and medicinal hemp (cannabis) company, established in 2013. Located in Mumbai the company works with Central and State governments to assist farmers to improve their socio-economic standards by utilising cultivation of cannabis for industrial, construction and pharmaceutical purposes.
Jahan Pestonjamas, representing the venture, said, “It was a comprehensive learning experience, the environment was very comfortable and positive. The faculty and academia brought forth the knowledge and experience, and the impact investors who are very relevant to our fields have come into the fore. Also, the fact that that so many varieties of social enterprises have come together on the stage, speaks volumes about the success of the competition as a whole. And of course, it drives us to come back with a new idea and do better.”
Speaking on the occasion, Prof. Ashok Banerjee, Director, IIM Calcutta Innovation Park, said, “Over the last five years, Tata Social Enterprise Challenge has encouraged many budding entrepreneurs to grow with a vision and create positive sustainable social impact. As we reach this 5-year milestone, we are encouraged with the quality of talent and the enthusiasm of entrepreneurs to make a difference from all across the country and even from overseas. We have also launched, this year, the INVENT programme in association with the Department for International Development (DFID), UK. This 3-year programme, which has a total budget of Rs. 12 crores, aims at providing seed funding support of up to Rs. 25 lakhs to for-profit social enterprise start-ups being incubated under this programme.”
Felicitating the winners, Mr. Harish Bhat, Brand Custodian, Tata Sons, said, “Social entrepreneurship provides an opportunity to provide solutions for critical needs being faced by our society through innovation and enterprise. Tata Social Enterprise Challenge took shape five years ago, with the idea of fostering an ecosystem for early stage social start-ups, in line with our ethos of giving back to society and creating sustainable and meaningful social impact. The tangible results seen from the ventures identified, mentored and incubated on this platform, encourage us to strengthen our efforts along with our partner IIM-C, towards creating a meaningful social impact.”
The grand event also gave the audience the golden opportunity to hear dignitaries like Mr. Harish Bhat, Brand Custodian, TATA Sons and inspiring speakers like Mrs Poonam Bir Kasturi, Founder, Daily Dump, Mr Sujay Santra, Founder & CEO, i-Kure Techsoft Pvt Ltd, share their experiences, among others.
TATA Social Enterprise Challenge 2017 gifted the audience an innovative and interactive session presented by Prof C D Mitra, Advisor –IIM Calcutta Innovation Park with some of the finalists from past edition of TATA Social Enterprise Challenge. Dr Parvez Ubed, founder- ERC Eye Care, Mr. Shashank Kumar, founder-Green Agrevolution and Mr. Abhinav Girdhar, founder-Bodhi Healthcare shared their success stories while interacting closely with the top 20 finalists of TATA Social Enterprise Challenge’2017 and the audience.
Ideas to Implementation, popularly known as I2i is an International Business Plan competition which endeavours to provide an ideal platform for budding entrepreneurs to realize their dreams by making them connect to ideas, money and people who matter.
With cash prizes worth 4.5 lakhs, Incubation support at IIP (IIM Calcutta Innovation Park) for the prospective winners, the event got a huge response with 800+ entries comprising of 3200+ participants in initial round entries.
20 teams were shortlisted for the semi-finals which was conducted at IIM Calcutta on 5th February 2016. The finals were conducted on 7th February and after an intense Round of judging by renowned personalities the top 3 ideas which were declared as winners were:
Winner: Green Wave – They aim to address the problem of flower waste generated in India through floral waste recycling.
First Runner Up: Do I Know You (DIKY) – It is a reverse social network where friends may be discovered based on the interests
Second Runner Up: Buddy4Study – They are a pioneer in the scholarship world with a mission to simplify scholarship world for all students.Read More
‘Egiye Bangla’ was a unique Contest-cum-TV Reality Show for start ups (aspiring and recent entrepreneurs) based in West Bengal to showcase their unique business ideas and get a chance to win recognition, rewards, and support for their business. The MSME&T Department, Government of West Bengal, in partnership with IIM Calcutta Innovation Park, launched ‘Egiye Bangla’, an entrepreneurship TV reality show. This contest-cum-show would identify, recognize & reward aspiring and early-stage entrepreneurs having unique innovative start up ideas across all sectors. Applications were invited from early-stage entrepreneurs who have set up their unit in the State and have a unique innovative start up business ideas and propose to set up their venture in the state. All the applications were scrutinized by experts and the best entries were shortlisted.
Shortlisted applicants were then called for participating in a Boot Camp where intensive grooming and mentoring sessions were conducted for the participants so they get an opportunity to fine tune their business plans and understand the nuances of making a pitch in front of panel of judges for the TV show where on the spot evaluation would be carried out by a jury of eminent personalities, from the fields of business and industry.
The Reality show was telecast on Zee Bangla, a leading Bengali entertainment channel, in 9 episodes on Sundays at 6-7 pm slot starting Dec 06, 2015. Sourav Ganguly, the eminent personality from the Cricketing world was the Brand Ambassador of the Reality Show and noted Film personality Jishu Sengupta hosted the episodes. Each episode showcased 5 contestants, each of whom had about 6-7 minutes to make their pitch before the Jury and answer their questions.
The panel of jury for all the episodes, barring the Grand Finale, comprised Mr. Chandra Sekhar Ghosh, MD Bandhan Bank, Mr. Anjan Chatterjee, noted industrialist and MD of Specility Foods and Prof. Ashok Banerjee, Director IIMCIP. The jury evaluated the performance of participants based on set of parameters and adjudged one of them as winner, who received a cash award of Rs.3.00 lakhs and the remaining 4 contestants received Rs.1.00 lakh each.
Winners from the eight episodes took part in the Grand Finale. Hon’ble Finance Minister Govt of WB graced the final episode as the Chief Guest. The winner of inaugural Egiye Bangla TV Reality show, Capacloud Trading Solutions bagged cash prize of Rs.10.00 lakhs and Funding upto Rs.3.00 crores from the State Govt. venture capital fund.
The Season 1 of Business Reality show ‘Egiye Bangla’ has created quite an impact on the minds of not only young and aspiring with innovative ideas but more importantly on the common households towards backing the younger generation in their family who are willing to take up entrepreneurship as a career. The participants, who were selected to present their business plans on the TV Show, have received fair amount of publicity for their innovative ventures and recognition from friends, relatives and local business community. It is indeed a key achievement for the first-of its-kind Reality show on entrepreneurship that so many young minds have got attracted to take up entrepreneurship as a career option and deservedly got the opportunity to showcase their innovative business ideas to the larger world.Read More
The grand finale of the fourth edition of the programme held on January 16, 2016, at the Indian Institute of Management Calcutta (IIM-C), saw HelpUsGreen® from Kanpur (Winner), Jeevtronics from Pune (1st Runner-up), and Hasiru Dala Innovations from Bengaluru and Disease Diagnose Group from Boston, USA (joint winners of the 2nd Runner-up position), emerge as the winning ventures, receiving prize money of Rs. 2.5 lakh, Rs. 2 lakh and Rs. 1.5 lakh, respectively.
This year’s edition received 600+ registrations from across India, out of which 210 met all the eligibility criteria and moved to the next round of the competition. These impact proposals were in the area of agriculture, food and dairy; healthcare, water and sanitation; technology and development; education & skills development; housing; handicrafts; and energy and microfinance/financial inclusion. The ventures were judged on three parameters – Business Model, Social Impact and Sustainability.
Ankit Agarwal, the winner of the Tata Social Enterprise Challenge 2015-16 has started HelpUsGreen®. A Kanpur based social enterprise, HelpUsGreen® preserves the rivers by flowercycling® the waste from the places of worship into bio-fertilizers and lifestyle products like incense and bathing soaps, among others, and in doing so also empowers women self-help groups (currently the venture is managing five women self-help groups with sixteen members each).
Ecstatic with his win Ankit said, “It’s been an overwhelming experience. We have won many competitions before but Tata Social Enterprise Challenge is like the Filmfare of social entrepreneurship.”
Jeevtronics, a Pune based venture, was declared as the 1st Runner-up. Ashish Gawade representing the venture said, “It was a great experience for us. The knowledge, mentoring and feedback that we received from the jury was really helpful, and it was good to collaborate with the other start-ups too.” Jeevtronics is dedicated to designing and implementing affordable medical devices for underdeveloped and rural areas. It has patented a hand-cranked defibrillator – a life-saving device for heart patients – whichhas a built-in power generator that enables it to work in off-grid rural areas, mini ambulances and disaster relief camps, among others. The hand-crank generator requires 12 seconds to charge and comes at one-fourth the cost of competition.
The 2nd Runner-up position saw a tie between two ventures, Hasiru Dala Innovations from Bengaluru and the student-led venture, Disease Diagnose Group from Boston, USA.
Hasiru Dala Innovations is committed to creating predictable livelihoods for waste pickers through providing total waste management, urban gardening services and products for sustainable living. The model is designed to enable a circular economy that enhances the lives, be it a waste picker or a resident, it touches. The venture is supporting waste pickers to collect from 10,000 households in the city. It has also, in collaboration with partners, created a unique certification course called Enhancing skills of small entrepreneurs in the recycling industry. Shekhar Prabhakar from the venture said, “I am feeling like a kid having won his first prize. I will take away from here the many friends that I have made who are doing many inspiring things.”
The joint 2nd Runner-Up venture, Disease Diagnose Group (DDG), was represented by Alphonse Harris who said, “I am very excited to get the recognition for our venture and hope to use this recognition to get more partnerships.” DDG has developed a hand-held malaria detector called Rapid Assessment of Malaria (RAM). Out of every 1000 malaria infections, only 500 fevers are identified, 250 tests are performed and only 125 diagnoses are accurate. This device, called RAM for short, detects a magnetic substance that malaria parasites release when digesting red blood cells thus providing a faster and more accurate diagnostic test than those used currently, and at a much lower cost. The device is reusable, mechanical, fast and sensitive, and the technology is clinically approved.
The ceremony saw talks by inspiring leaders in the space of social entrepreneurship like Dr. N.V. Prajna, Chief of Medical Education at Aravind Eye Hospital, Madurai; Mr. Vinayak Lohani, Founder of the NGO Parivaar; Mr. Manoj Kumar Nambiar, Managing Director of Arohan Financial Services; and Dr. Mammen Chandy, Director, Tata Medical Centre, Kolkata, among others.
Speaking on the occasion, Prof. Ashok Banerjee, Director, IIM Calcutta Innovation Park, said, “Social entrepreneurship is all about innovative solutions to social problems. At IIMC, we want to take this as a challenge and as a movement. In the last four years, as part of the Tata Social Enterprise Challenge, we have reached out to different parts of the country meeting students, entrepreneurs and NGOs, getting all stakeholders together, and creating awareness about social entrepreneurship. Going forward, we want to continue on this journey and contribute towards bringing about change through enabling social enterprises in India.”
Felicitating the winners, Dr. Mammen Chandy, Director, Tata Medical Center, Kolkata, said, “Today students of management should seek to find fulfillment in social entrepreneurship rather than only seeking personal material gain. The lives of people like Ida Scudder show how Social Enterprise can be transforming and change the lives of millions of people.”
IIM Calcutta Innovation Park organized a three day Boot-camp for all the shortlisted applicants of Egiye Bangla – A TV reality show on Entrepreneurship – with a view to groom them for the final round and TV show through an independent, intense, customised workshop at IIM Calcutta. The main objectives behind holding the Boot-camp were to impart them training on relevant skills like Preparing & Defending a Business Plan, How to prepare an Elevator Pitch, Protecting innovative ideas, Marketing Essentials, Funding Essentials, Financial essentials, Presentation Skills, Personal Grooming, Answering Investor questions, developing bonding among the teams, etc.
The Boot Camp started with session on “Expectation Setting and on How to Pitch” followed by sessions conducted by the Creative team from the TV Show Production partners on various tips to participants for making presentations in front of TV camera.
All the participants were required to make presentation of their respective business ideas in front of a panel of jury comprising experienced members from organizations like SIDBI, TiE, Total Start, Tata Capital, CII. Members from Creative team were also present in these sessions to evaluate the performance. The jury members individually assessed the performance of each applicant based on parameters viz. Originality of the Business Idea, Business Potential / Social Impact, Revenue Model & Sustainability, Leadership & Team and overall Presentation skill. On completion of these presentations, the jury deliberated the assessment scores and unanimously selected the group of top 45 participants, with first 40 applicants moving on to the TV show round and remaining 5 kept on stand-by.
These 45 participants were put through an intensive grooming session conducted by seasoned Mentors drawn from organizations in the start-up eco-system. They were given specific feedback on the presentations made and various inputs on fine-tuning the business plans, making strong pitch within a limited timeframe. Several mock sessions were held where the mentors closely worked with the group to get them prepared for the TV show shooting phase.
The participants greatly benefitted from the boot-camp which was corroborated by much improved performance by them at the end. They also acknowledged the efforts put in by the mentors during the boot-camp which helped them to a great extent to make their business plans more presentable and boosted their confidence to face the investor questions.Read More
Ideas to Implementation, popularly known as I2i is an International Business Plan competition which endeavours to provide an ideal platform for budding entrepreneurs to realize their dreams by making them connect to ideas, money and people who matter. The core philosophy behind this event has always been not to judge a ‘b-plan’ but to make a robust plan ready to spread its wings. I2i today has emerged as one of the largest and the most serious national process of its kind, both in scale and scope, attracting serious entrepreneurs via the Pan IIM and IIT alumni networks, the National Entrepreneurship Network and a large base of working professionals.
With cash prizes, Incubation support at IIP (IIM Calcutta Innovation Park) and with seed funding of 50 lacs by GOVIN Holdings in store for the prospective winners, the event got a huge response with 300+ entries coming in from all over the country for Round 1 conducted in the month of November 2014.
While Round 1 needed submissions to be made in form of an executive summary, Round 2 required the 60 shortlisted teams to submit a ppt pertaining to their B-Plan. Mentors were allotted to these teams for further guidance before they were ready to make their round of presentations. The Semi-final and Finals for the event were conducted at Campus on 6th February 2015.
Magasool, Freedu and Semantic reviews emerged out as the winners of the competition. They have been assured a seed funding of 50 lacs (to be divided in a certain deterministic ratio) by Mr. Anand Govindaluri of GOVIN Holdings. Also, commitment of 5-year long funding of 10 lacs each for the top 10 teams was made.Read More