Entrepreneurship cell, IIM Kashipur hosted its annual conclave Uttishtha 2017. The summit was graced by the presence of entrepreneurs and industry stalwarts – Mr. Avnish Sabharwal, MD Accenture Ventures, Mr. Praveen Sinha; Cofounder of Jabong and Pincap; Rahul Singhal, Founder & CEO at Applop; Ms. Ami Shah, Cofounder of IntelliAssist; Mr.Kaushlendra Kumar, founder of Kaushalya Foundation and cofounder of Samriddhii and Mr. Ravi Ranjan, Head of Events Partnership at NASSCOM 10000 Startups.
The summit started with the lamp lighting ceremony which was followed by the welcome note by Prof. Safal Batra, Chairperson, Ecell, IIM Kashipur. He was ecstatic to announce that IIM Kashipur had received the in-principle approval for an Incubation Centre from the Department of Science and Technology, Government of India. He reminded the students that IIM Kashipur had 15 startups founded by its students within 5 years of inception of the institute and encouraged them to “Dream big, start small but start anyways.”
Dr. Gautam Sinha, Director, IIM Kashipur addressed the audience next. He urged the students to “be job providers and not job seekers.” He also conveyed the information that IIM Kashipur would be the first B-School in the country to have a commercial 3MW solar powerplant.
This was followed by 2 key note speeches. Mr. Avnish Sabharwal spoke about the general trends in the startup market and remarked that “small companies are coming up with point solutions and winning the market; this is a new competition faced by the industry giants.” Mr. Praveen Sinha gave general ideas of Dos and Don’ts while planning a startup and stressed that “a strong backend team and continuous cashflow are critical for success.”
A panel discussion ensued after a tea-break. The panelists advised the students “Ask yourself if this is what you really want to do. If the answer is yes, then the right time to start is today”. They also discussed that Startups look extremely fascinating, but it is tough. It requires a lot of grinding. It is important that one finds a co-founder with a complementary skill set for support.
The last keynote of the day was delivered by Mr.Kaushlendra Kumar who reminded that “startups are not all about money. Social entrepreneurships are equally important.” The gathering dispersed for lunch after the vote of thanks by Vaibhav Mangla, Secretary, Ecell.
The afternoon session saw the much-awaited B-Plan contest. 7 finalists selected from over 50 applicants from reputed institutes across the nation competed for the coveted prize of 50,000INR and goodies with opportunity for funding the idea. Team Torchit from PDPU, Gandhinagar, emerged victorious in this competition. Team Paradigm Shift of IIM Kashipur and Team ZConnect of BITS, Goa, jointly secured the second position. Mr Avnish Sabharwal who announced the results urged the participants to focus more on market research before implementing their ideas
The summit has inspired the students to think, to dream and to plan and achieve the dream. Uttishtha 2017 lived upto its motto of Dream, Develop and Disrupt.