Ideas to Implementation

February 10 , 2016

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.

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Egiye Bangla – TV Reality show

January 31 , 2016

‘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.

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TSEC 2015-16

January 17 , 2016

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.”

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Egiye Bangla boot camp @ IIMC

January 7 , 2016

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.

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