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IIM Udaipur’s annual entrepreneurship fest E-Summit and Prarambh 2021 conclude

Prarambh 2021 marked its success in fulfilling the competition’s objective, overseeing enthusiastic participation from all over the country. The event received 330+ entries for the initial phase of the competition and selected the top 10 teams with a minimum viable product. The selected teams embarked on a 5-week mentorship program to prepare for pitching on the final day. The pitching round was followed by a rigorous Q&A session wherein the teams were provided with priceless feedback and suggestions by the judges or investors.

Winning Team

The winning team BosonQ Psi – state-of-the-art Multiphysics simulation (MPS) software that will run on quantum computers, was awarded a cash prize of Rs. 100,000.

Runner Up

The runner-up team, Samatva AI – AI-Powered, an Automated HR & Recruitment Platform for differently-abled, was awarded a cash prize of Rs. 50,000.

The teams were also given AWS credit worth $100,000 from the cloud sponsors AWS. Further, as a testament to the event’s success, six teams (Momskart, Cashcry, BosonQ Psi, Samatva AI, Virasat and Volunthere) were given a further evaluation and investment opportunity by the panel of investors-cum-judges.

What is Prarambh?

Prarambh is the flagship event of Saksham, the Entrepreneurship Cell of IIM Udaipur. The event brought together entrepreneurs under the banner of Prarambh and helped them refine their ideas and Minimum Viable Products (MVPs) by providing five-week mentorship by industry stalwarts.

Saksham, the Entrepreneurship cell of IIM Udaipur, hosted an entrepreneurship-summit, or E-Summit for the second time in IIMU. The theme of the summit was “Tales of Transition.” To highlight the need to master the changing environment, the Keynote speakers of E-Summit 2021 put forth their experiences on making transitions as accelerators instead of barriers. The E-Summit witnessed three esteemed speakers, namely Mythily Ramesh (Co-Founder & CEO NextWealth), Prachi Mohapatra (Marketing Head, Dr Reddy’s Laboratories), Murali Sivaraman (Chairman, Huhtamaki India), who engaged students in a 1 hour 45 minutes session aligned with the summit’s defined theme.

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Events

IIM Udaipur is all Set to Host its Flagship Start-Up Challenge – Prarambh 2021

Live Update: To attend E-Summit live, visit: https://youtu.be/aTfbNQKXNe4

Prarambh and E-Summit are the flagship events of the Entrepreneurship Cell, or the E-Cell of IIM Udaipur, which helps the budding entrepreneurs to bring their ideas to life. IIM Udaipur is all set to launch its 8th edition of Prarambh and 2nd edition of E-Summit this March 20th and 21st. Be an audience to this event and see the participants work on their dream projects.

The selected Groups for Prarambh, this year, will be trained for over four weeks to develop a sellable idea with the help of experienced mentors who are working in the industry for a long time. They will be getting a chance to pitch in front of investors at the finale. Bombay Shaving Company, Tempawala.com, Modbit and Priptos are some of the start-ups that have previously graduated from this program.

The theme of E-Summit 2021 is based on “Tales of Transition”, which will help the budding entrepreneurs understand the true importance and commitment towards innovation. They will get a real idea about how much it takes to make your dreams come true. IIMU is set to host eminent speakers like

  • Murali Sivaraman – Independent Director ICICI Lombard General Insurance Company Limited
  • Mythily Ramesh – Cofounder & CEO, NextWealth
  • Prachi Mohapatra – Marketing Head, Dr. Reddy’s Laboratories

Experience the phases that a determined and committed entrepreneur go through to transform their idea into a reality.

The entire team of Saksham, the E-Cell of IIM Udaipur aims to bring the complete stories and journey of these industry veterans to life, stressing the importance of how the established players in the industry also have to keep innovating and be dynamic to be seen among the audience. Saksham passionately believes that this E-summit will be an eye-opener and a call to action for youngsters who wants to start a business, especially in the Covid-19 situation, where companies had to undergo thorough research to generate out of the box ideas in order to be sustainable.

The E-summit for 2021 is scheduled to be conducted online on March 20th. IIM Udaipur is ready to host all curious minds to interact with the speakers and to bring their ideas alive. To be a part of the summit, click here to register.

Glimpse from the past year