Let’s Prarambh – The Start up challenge

Saksham – The Entrepreneurship Cell of IIM Udaipur in association with TIE Udaipur, Quikr andMediguest organised the third edition of ‘Prarambh – The 32 Hour Startup Challenge’ from 19th to 21st of February 2016 in IIM Udaipur campus. The event saw participation from 67 students and working professionals, who were shortlisted from a pool of close to 180 applicants hailing from different parts of the country. This event is in line with Saksham’s vision of igniting a spark within the student and startup community to take up innovative ideas and bring them to fruition.

Prarambh follows a format in which a few participants pitch their ideas, from which a select few are chosen through a voting process; the winning idea pitchers ask other participants to join their teams and then start the 32 hour long marathon which spans over a period of two days at the end of which the teams are required to have brainstormed and developed a Minimum Viable Product which could be an app, a working device or just a model having enough data to explain the functioning of the pitched product.

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Prarambh at IIM Udaipur

The participants were mentored by some eminent personalities from the start up world like Mr. Anup Jalan – Entrepreneur, Strategic Advisor, Start-up Mentor,Mr. Sumit Mehrra – CEO at the Green Umbrella Investment Advisory Pvt. Ltd., Mr. Rajan Tawate – Startup Tech/Agile Mentor, Mr. Rajiv Mukherjee – CEO at Incubate-Hub, Mr. Ravi Devulapally – CEO of Edvanta Solutions, Mr. Annkur P Agarwal – Co-founder, Clerk-2-CEO Pricebaba and Mr. Gaurav Mantri – Founder & Head of Technology at Cynapta. The mentors guided the competing teams with their expertise in technology and business. They also used their vast experience in the industry to help the teams to foresee any future challenges and hurdles that would arise when the prototypes would be launched in the markets.

The event was judged by another set of distinguished personalities who have had a diverse experience in the corporate world like Mr. Rajesh Sharma – Director BCCL & National Head of Spring Board Ventures, Mr. Tarun Agrawal – Manager-Portfolio Operations & Investments in Startup Oasis (Initiative of CIIE & RIICO) and Mr. Arun Singhal – Owner of Enrichmentors.

The event turned out to be a fruitful opportunity for both the participants and the judges & mentors to learn from and network with people with similar interests and visions.

 

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Staying Ahead Of The Curve

The Chartered Financial Analyst (CFA) credential has become the most respected and recognized investment designation in the world; The CFA Program curriculum covers concepts and skills that could be used at any stage of a person’s career, connecting academic theory with current practice and ethical and professional standards to provide a strong foundation of advanced investment analysis and real-world portfolio management skills. Employers know the CFA Program provides the skills needed in today’s global, dynamic marketplace and that earning the CFA charter demonstrates the commitment to excellence required of today’s investment professionals.

IIM Udaipur believes that training people in academics should be as much relevant to the real world as it can be. Even with a hectic curriculum that is part of MBA program at IIMU, 1 student has completed level 3 of the certification. The students believe in staying ahead of the curve – the number of students pursuing these certifications is proof to the fact.

Following are the students who have taken up the CFA certification

  1. Prateek Goyal – Cleared level 3 ( PGP 2014 – 16)
  2. Siddharth Katha – Cleared level 2 ( PGP 2014 – 16)
  3. Ananya Srivastava – Cleared Level 1 ( PGP 2014 – 16)
  4. Anchal Gupta – Cleared Level 1 ( PGP 2014 – 16)
  5. Hitarth Mehta – Cleared Level 1 ( PGP 2014 – 16)
  6. Nikhil Bhardwaj – Cleared Level 1 ( PGP 2014 – 16)
  7. Poorvi Parswal – Cleared Level 1 ( PGP 2014 – 16)
  8. Vipul Bindal – Cleared Level 1 ( PGP 2014 – 16)

There are a couple of PGP1 students as well who have shown exemplary proactive-ness in staying up-to-date with the industry requirements.

  1. Anurag Gupta – Cleared Level 2( PGP 2015 – 17)
  2. Siddharth Bhargav – Cleared Level 1 ( PGP 2015 – 17)

The institute considers excellence to be a way of life rather than something to strive for. Competitive spirit and nurturing future business leaders through such certifications is encouraged at the institute.

“Best teachers are those who excite you about life, push you beyond” – A Candid Interview with Prof. Janat Shah

Interviewer: Rajashree

Student Representative, Media and industry interaction Cell (MiiC), IIMU

Photographer: Zeeshan

Student Representative, Media and industry interaction Cell (MiiC), IIMU

This week to garner the occasion of Teachers’ Day, we bring to you some reflections and heartfelt words from our Director and one of our most loved teachers, Professor Janat Shah.

We enter the cabin after a short wait, and a little time bargain with a fellow visitor. The humble Professor greets us with a kind smile and offers us a seat. Zeeshan is ready with his camera and in one glorious opportunity, out comes my smartphone. I hit record, and our conversation begins, interspersed with his contagious laughter.

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MiiC : Sir, please share with us a little about your time as a student, maybe something memorable from your school or college years.

Prof. Shah : It has been so long, schooldays were so many years back ! You know what happens, when you look back on life sometimes, you tend to forget. I kept changing schools as my father moved to various places in the city. Then I did my engineering from IIT Bombay, then worked for five years and then did my Fellow Programme at IIM Ahmedabad.

MiiC : How was your stint as a fellow programme student ?

He responds with surprising candor and a frank laughter.

Prof. Shah : Initially, I didn’t know why I was doing a PhD. I just wanted to switch from Corporate and here was a programme where they were also offering a stipend and so I joined. But I decided to cross the bridge and do it more seriously than I had studied in my undergraduate years.

MiiC: Sir, you are an inspiration to so many of us. Could you tell us about a teacher who has left a lasting impression in your life?

Prof. Shah: Yes, I have had some outstanding teachers.  For instance, Professor Jahar Saha, he is also a visiting faculty with us. In IIM, I would say, we had teachers who were outstanding in terms of not just what they taught about business in class but about life as a whole. We had Professor Balakrishnan who taught Management Accounting which for lot of people can be very mechanical, but I would say I learnt business from him. I believe the best teachers are those who excite you about life, push you beyond. In engineering back then, we used punch cards for computer programming where you got the result for your codes only the next day. So a single error can ruin it completely.  We had great teachers on this subject as well. Then we had a professor who invited us to dinner at his place. Also we had an out-of-the-box warden who would never visit hostel and would blindly sign any letter or certificate, be it for extension for fees payment or anything at all. So I think people who trust you make a huge difference.  I believe therefore I had a range of teachers who not just taught me business but about a broader way of looking at life.

MiiC : Sir, you have been leading IIMU last five years. Would you tell us about some of the challenges you faced, assembling the team and so on and so forth.

Prof. Shah: I would say the challenges we faced in the first four months were immense. When I took over, I had nobody but I had some ideas. I wanted to give the students here the same facilities that our students at IIM Bangalore had. We had a few things in mind that we put down as a necessity, like great classrooms. CR-1 that you see was done in less than a month. Similarly arranging for fast Wifi, high quality IT infrastructure and then bringing in outstanding faculty were some of the things we aimed at. Being able to deliver these starting from scratch was much fun.

MiiC : Sir, as a teacher how do you deal with students having different vibes and aspirations ? Some may work well under pressure while some may underperform.

Prof. Shah:  I think this a challenge where I have sometimes, though not always, been successful. Say there were two courses I remember two courses very well from my teaching life. In one, I had systematically planned my course. I knew my entire student profile, and I had planned something for every group. So you see, you need to recognize but you shouldn’t target any one particular group. But this requires fair amount of effort but when that effort is put in, it is highly rewarding. The second course that I highly enjoyed teaching was one which I had designed very differently, deciding it would just have my own cases. We met once a week in a two hour class. Every Sunday, they were given a case and the analysis that the students did was amazing. So everywhere I find that as a teacher if you are excited about the course, then students always reciprocate.

MiiC : Sir, as a teacher who has also worked in the corporate what would you say are the challenges and rewards in migrating to the teaching profession?

Prof. Shah : I think firstly you should enjoy working with young people, secondly a lot of patience and thirdly a lot of empathy. For instance, if someone comes and says I could not submit an assignment, you could say I don’t care or you could choose to understand why. Or you could be very strict inside the classroom and once out, understand why and how certain things happen. So, if you have these qualities you would have a fun time, especially when somebody gets back after years and tells you how you made a difference to their lives. Say, just two days ago I had a one hour long conversation with a student who has graduated some fifteen years ago about his experiences then on. I would say in every batch there are always a few students with who I have developed a strong relationship which continued over years.

MiiC: Do you have a personal hero? A real or fictitious character that inspires you?

Prof Shah: I am great admirer of Gandhi’s philosophy. Other than that I enjoy literature, writings of various authors. On one side I read Harry Potter and on another I like Dostoevsky’s characters.

MiiC: Tell us your take on balancing work and life? You being a busy person, how do you manage it?

Prof Shah: I think valuing relationships is the first thing, and then recognizing you need to invest in them. Once you recognize this fact, it will happen. Several of us make this mistake of taking people close to us for granted, and believe they will always understand. You think you will spend time with them at later stage in your lives. But it does not happen. You need to invest time in them.

MiiC:  Sir, your cycling is legendary now! Any other hobby we do not know of?

Prof Shah: Cycling is more of a practical thing! As you know legends are just mythology. I used to go for trekking amid nature once in a while though have not done it much off late, not for lack of time though.  I did one major trek as part of club during engineering, then some in Maharashtra and one in Himalayas.

MiiC : Sir, a question just popped up. Is there any book you read again and again?

Prof Shah: Quite a few, like J.D.Salinger’s ‘Catcher in the Rye’ and Lewis Carol’s ‘Alice in Wonderland’. Some other authors whose works I like are Franz Kafka and Lee Carr.

MiiC: If you had to give us a one line message Sir, what would it be?

Prof Shah: I would ask you to be curious. To me that is the key element. If you are curious in life, you will discover a lot in life, in the smallest of things.

We conclude the interview and talk a while more. The heartwarming encouragement remains with us as we walk out with a lot of thoughts and a treasury of pictures. Zeeshan has not been idle all this time.

The interview gave us an opportunity to bring to you some of the savored moments and invaluable advice from life of an inspirational teacher. We bid adieu to return with many such engaging conversations.

Signing Off!

Rajashree & Zeeshan

Dhandha- Chase your Dream !!

Entrepreneurship as such is a dream. Even one who has no skills and no wit, dreams of it. Yet, the feeling is one that escapes many. To be able to run a brand new business, especially one that you have envisioned and developed isn’t something everyone gets a chance to do. However everyone should give it at least one shot.

IIM Udaipur since its inception has given special incentives and support to those who wish to venture on their own and create businesses. Keeping up with the tradition, Saksham- The E-Cell of IIM Udaipur created the concept of Dhandha. The event was conducted on 11/07/2015.

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Dhandha was a fun filled event created with the intention of promoting entrepreneurship on campus. Its main ploy was to let people chase dreams or small scale ideas that could be scaled up later in an advent of getting the feel of what running a business venture feels like. 50 students participated and were fragmented into six teams. Each was then given Rs.400 and a few hours to do what they wanted to. Where some made and sold fruit ice creams, others went to the extent of ironing clothes. Some even decided to trade in consumables and in the spirit of the game it was allowed.

The teams were then judged on the basis of not only the profit made but also the scalability of the idea, innovation and the sustainability of the model. It was pleasant to know that nearly all, even those who had just barely done the logistics had an idea of how to scale up and what would be required to do so. The event also brought the members of the teams closer to each other and in all was a success. Finally the team that won was “Dhandhaneurs”.

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The main reasons the judges chose them were their innovation and relevance to the concept and the situation, rather the context. Second the marketing gimmicks as well as the ‘on the spot’ learnings displayed from customer feedbacks were also taken into picture by them. These qualities, the judges found were crucial to running a business. Apart from this the ‘Most Creative award’ was given to ‘The Lalas’.

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All in all, the participants enjoyed a lot during the event and got a glimpse of the criticalities involved in running even a small business. We admire the enthusiasm of all PGP1’s and hope the spirit of entrepreneurship keeps growing.

 

Business Standard B-Scool Quiz

For over 40 years, Business Standard has ensured that students are up-to-date with all the news and insights that one needs. Backed by India`s most respected editorial team, it is the business daily of choice for leaders and managers. Needless to say, insightful opinions, incisive analysis and in-depth coverage delivered credibly and in an unbiased manner has been its forte. Business Standard, India’s premier business daily has been at the forefront of recognizing excellence in corporate India over the past decade and more. They have also been recognizing excellence among tomorrow’s managers by instituting the Business Standard B-school Quiz.

Recently, Business Standard conducted the B-school Quiz competition for the students of IIMU. The first round of the quiz competition was conducted on 23rd July in the classrooms of the institute itself. A total of 60 students participated in the Quiz. This round was supervised by two representatives of Business Standard and organized by the Media and Industry Interaction Cell of IIMU. The first round had multiple choice questions from a variety of domains covering topics such as:

A. Mergers/acquisitions

B. Investment

C .About CEO’s

D. New launches

E. Brand Awareness

F. Current happenings

After evaluation of all the candidates papers the top three scorers were given medals and certificates. The winner of the quiz was Anand Desai, a PGP2 student. The 1st runner-up was Vimal Prakash, again a PGP2 student. And finally, the 2nd runner-up was Anirudh Kumar, a PGP1 student.

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Going ahead, Round 2 will be a regional round where winners from the previous round (2 participants per college) will be invited to participate in the competition and if they win,they will qualify for national round. This round will be managed by a prominent Quiz Master.

IIM Udaipur’s Supply Chain Summit 2015

SKEIN, the Supply Chain and Operations Club of IIM Udaipur in association with State Bank of India is pleased to present the second edition of “The IIM Udaipur Supply Chain Summit“. The annual event is a platform where global leaders can share their opinions and views on supply chain through engagement in panel discussions and thus provide valuable insights to the students. This edition of the summit is scheduled at 2:00 pm on 14th February, 2015

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Living by the spirit of IIM Udaipur to be a forerunner in developing management leaders, the theme for Supply Chain Summit 2015 is:

From Apple to apple – Supply Chain Transformation

The panel discussion topics for the event are as follows:

Panel discussion 1: Make in India – How Supply Chain can help achieve the Dream

Panel discussion 2: E-Commerce in India – Competitive Advantage through Innovations in Supply Chain

Our esteemed guests for the event are:

  • Ajay Jhalani, Head Supply Chain-CHEP India Pvt. Ltd.
  • Vinal Kabra, Global Supply Manager – Apple Inc, USA
  • Chandramohan Gupta, Director Supply Chain- Coca Cola – India and SW Asia
  • Shyamal Chatterjee, Head India Operations – Tupperware
  • Hrishikesh Pore, Head Supply Chain – Tesco Hindustan Wholesaling Pvt. Ltd.
  • Navneet Rai, Co-founder – Tolexo
  • Jayant Mahto, Vice President Operations – Firstcry.com

The event is well supported by other sponsors as listed below:

Gati KWE – Associate Sponsor Zuccini- Food Partner Valley View- Hospitality Partner Udaipur Blog– Media Partner Chaudhary Offset Pvt. Ltd.- Printing Partner

Check out more details at-

Website: http://iimu.ac.in/campus/clubs-aamp-committees/supply-chain-management.html

FB page: https://www.facebook.com/SKEIN.SCM.IIMU

Mail: skein@iimu.ac.in

Success mantra shared by Mr. Raghuttama Rao at IIM Udaipur

It is always a sense of great joy and excitement when students of IIM Udaipur meet an eminent business personality. Preserving the legacy of industry interaction, the students of IIMU had the privilege of having Mr. Raghuttama Rao CEO & Managing Director at ICRA Management Consulting on campus.

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Mr. Rao started his excellent career with undergraduate from IIT Madras; post which he did his MBA from IIM Ahmedabad. He was a Fulbright Scholar at Carnegie Mellon University Pittsburgh, USA where he gained proficiency in Cost Accounting. Being a member of ICRA’s start-up team, Mr. Rao has contributed to developing many areas of ICRA’s business, including Credit Rating, Management Consulting, and Research. He has served on ICRA’s Rating Committee for about ten years and has experience across several sectors, including infrastructure, banking/finance, structured finance, manufacturing, and energy.

Sharing his experience, Mr. Rao first emphasized the importance of economics and accounting in finance. He said that most students and even industry experts in finance domain lack the conceptual understanding of accounting and economics and hence are unable to deal with unprecedented scenarios. He recalled the amount of struggle he faced while learning cost accounting but said that the hard work paid off in the end.

Mr. Rao explained that the students should come to know their strengths and weaknesses in deciding the career path. He stressed on focusing on those streams that fit with what the students are good at, and what they really enjoy doing. Hence, in terms of consulting, Mr. Rao asked the students to ponder upon two fundamental questions: “What is Consulting?” and “Am I fit for it?” before joining the field in the first place. He also explained that consulting is as much about people skills as it is about analytics. Exclaiming that at the heart of consulting is marketing; he said that communication skills, both verbal and written, are essential to the domain. He mentioned that though multi-domain knowledge is helpful in consulting, one should try to have an expert level knowledge about one or two fields and that one should be used to unprecedented situations as consulting usually presents with unstructured problems.

Accentuating on maintaining health, Mr. Rao said that one should always maintain a balance between money and fitness. In addition, he said that one should use this time in MBA to read as much as possible about many streams and decide which way to go. He also said that one should dig deep inside and figure out the right reason for pursuing entrepreneurship and exclaimed that in entrepreneurship, one has many bosses.

After the session, he was asked numerous questions by students ranging from how to prepare for the summer internship to the importance of certificates for various streams. The students of IIM Udaipur are glad and thankful they had the privilege of meeting Mr. Raghuttama Rao and get an insight into consulting, finance and entrepreneurship.

Samvaah: IIM Udaipur’s Marketing Conclave, 2014

Samvaah– The first edition of the annual Marketing Conclave of IIM Udaipur was hosted on 15th November, 2014 at the institute.

Samvaah is a student driven initiative that was conceived and organized by MarClan- the Marketing Club of IIMU. Samvaah, in sync with its name’s translation- “Marketplace” is an initiative to bring together marketing enthusiasts from academia, the local community and industry alike, to share insights and discuss the various developments in the field of marketing.

The umbrella theme for Samvaah 2014 was “Rethink: Changing Marketing Practices with Changing Times”.

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The run-up to the event saw numerous online and on-campus competitions being held, with teams from the best B-schools across the country competing in terms of creativity, talent and marketing potential.

The event kicked off with a digital media workshop by Mr. Amit Tripathi- the CEO of Ideate Labs. The workshop began with a very intriguing statement: ‘Welcome to the funeral of digital media…’ and then went on to discuss how being digital has gone beyond just media channels like Facebook and twitter, to become all pervasive in other walks of life as well.

Mr. Tripathi left the students with two important insights: that simplicity and finding common ground between the company and the consumer are the mantra to successful marketing.

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The Sales Workshop that followed had the speakers- Mr. Martand Shukla, ASM of Pepsico and Mr. Bharat Nagori, one of the largest distributors in Udaipur, emphasize that profitability and availability were the major requirements of  a good sales campaign, while reiterating the importance of considering sentiment and market  experience while designing a sales and distribution strategy.

The next session included the finals of Juxtapose-a brand extension competition which saw students from IIM Indore (Mumbai Campus), SPJIMR and two teams from IIM Udaipur, do their best to impress the judges with the innovativeness and clarity of their ideas, with team WarClan of IIM Udaipur eventually winning the first prize. The judges also shared very unique insights on proper segmenting and positioning of the product, with the audience.

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The post lunch session began with an address by Prof. Janat Shah-Director, IIM Udaipur. Prof. Shah laid emphasis on the three main focus areas of IIMU, namely research, transformation through the MBA program and integration with the local community, all of which were the driving factors behind the organization of Samvaah.

The event had two panel discussions whose sub themes and speakers were as follows:

Panel 1: Rethink Services Marketing- How is it different in today’s era?

Mr. Rathin Lahiri- CMO, Meru Cabs

Mr. Prashant Laxmeshwar- Head of Marketing Solutions, Global Markets Group-ICICI

Mr. Naveen Kukreja- IIMC Alumnus and CMO, Policy Bazaar

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Panel 2: Rethink New Product Development-How is it changing with times?

Mr. Anshu Bagai- MD, AMC Cookware

Mr. Abhishek Sinha- Co-founder and CEO, Eko India Financial Services Private Ltd.

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The event ended with a felicitation of the speakers and a vote of thanks. IIMU’s first marketing conclave was a resounding success with speakers and participants alike, appreciating the seamless organization of the entire event and the insights they gained through the discussions.

IIM Udaipur has always laid a strong emphasis on integrating with the local community and continuing this initiative, the conclave saw 65 participants from various institutes around Udaipur being part of the event. The first marketing conclave of IIM Udaipur indeed was a wonderful experience for all the participants and also helped the institute build a stronger relationship with both the industry and the community of Udaipur. For More Info follow us on-

Fin Talk 5.0 organized at IIM Udaipur!

The placements season is ON and amidst that FinominaThe Finance Club of IIM Udaipur hosted Fin Talk 5.0 which is a series of guest lectures delivered by Industry Stalwarts. The session was graced by the presence of Mr. Sandip Sabharwal, a renowned Financial Advisor and Ex-CEO Portfolio Management Services, Prabhudas Lilladher Pvt. Ltd.

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The session focused on workshop based exchange of knowledge on the topics such as trading, stock, commodities and currency markets. With the current trend of volatility in Indian market, there is always risk associated with the investments made by the retail investors and others. Hence is the need of convenient Fundamental and Technical Analysis. The students, in high numbers, gathered to avail the golden opportunity of learning the skills of differentiating from investors who base their investment decision on intuition.

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The discussion revolved around the topics like Technical Analysis using chart patterns, trend lines, supports, resistances, double top and triple top with important consideration to Fundamental Analysis.

Quoting the words of wisdom straight from the one of the best in the business-

“While trading it is imperative to make fundamental analysis.”

“It is very difficult to value firms belonging to new sectors like e-commerce and social networks and thus is very volatile in the market.”

“Stock Price is not real; it’s just the trading price in the market.”

Sessions by industry experts are an integral part of the education at IIM Udaipur. As the business world evolves, the institution strives to keep itself abreast with the pace and the changing trends of the corporate environment. Such initiatives provide a platform to discuss the subject and share the knowledge that is most relevant to the current market and future trends.

IIM Udaipur presents Samvaah 2014 – Annual Marketing Conclave!

Indian Institute of Management Udaipur is going to host the first edition of its Annual Marketing Conclave, “Samvaah 2014“, on 15th November 2014 in IIMU Campus.
Conceived and organized by MarClanThe Marketing Club of IIM Udaipur, Samvaah, in sync with its name translation – “Marketplace”, is a student driven initiative that aims to unite marketing enthusiasts from different B-Schools in a day long conclave. A precursor to the event has a series of on-line and on-campus competitions covering different verticals of Marketing. The competitions resonate to give different B-Schools participants a platform to showcase their talent, creativity and marketing potential and win exciting rewards.
One other key feature of the summit is to invite industry leaders from the corporate world to the IIMU campus and share their insights with students through engagement in diverse panel discussions, lectures and workshops.
MarClan strives to ensemble the marketing talent within the IIMU campus and different business schools for knowledge exchange and Samvaaha 2014 scheduled on 15th November 2014 in IIM Udaipur is largely centered on our umbrella theme, Rethink.
Gear up for this space and keep checking our communications at the channels mentioned below for more information regarding competitions and discussions.