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.

Prarambh (1).JPG

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.

 

Second Annual Convocation of IIM Udaipur – Memoirs of the Batches!

Indian Institute of Management, Udaipur held its 2nd Annual Convocation on Monday, 31st March, 2014 at the MLSU auditorium, Mohan Lal Sukhadia University Campus, Udaipur.

Convocation

Prof. Jahar Saha, Former Director of IIM Ahmedabad felicitated the ceremony as the Chief Guest. He delivered the convocation address in which he congratulated the students on this joyous occasion and emphasized the passing out batch to be sensitive towards the differences in cross-cultural working environments. He encouraged the students to practise co-operation rather than competition in their careers.

Dr. V.S. Vyas, Acting ChairpersonBoard of Governors, IIMU delivered the welcome address. He stated that this batch of students have made the institute proud through their various pursuits and initiatives in both national and international arenas.

Prof. Janat Shah, DirectorIIM Udaipur delivered the concluding address. Prof. Shah spoke about how he and his generation envy the current younger generation which is going to play a key role in building the future of India and urged the passing out batch of students to be on the forefront of this journey.

The occasion was graced by the members of the Board of Governors of IIMU and many other dignitaries from Udaipur.

1623674_713768982008043_1751089271_n

A total of 97 graduating students of IIMU’s Post Graduate Programme and 16 graduating students of IIMU’s Post Graduate Programme for Executives received diplomas in this year’s convocation. Out of these students, the below mentioned students received Gold Medals for their exceptional performances in the institute.

Ms. Anusha GanneGold Medal for Scholastic Performance (Post Graduate Programme)

Mr. Ravindran DamodranGold Medal for Scholastic Performance (Post Graduate Programme for Executives)

Mr. Parikshit KapilaGold Medal for Best All-Round Performance (Post Graduate Programme)

10154356_10152112093734755_679285998_n

The passing out batches brought many laurels to the institute in various pursuits during their stay at IIM Udaipur. While significantly enhancing the student activities started by the Pioneer Batch, the Class of 2013, a host of student clubs were started by this passing out class which include dHRuva – The HR Club of IIMUIRIS – The Photography Club of IIMUMarClan – The Marketing Club of IIMUMERC – The Merchandising Committee of IIMUPiE The Economics Club of IIMU, Saksham – The Entrepreneurship Club of IIMUSilvertongues – The Toastmasters Club of IIMUSKEIN – The Operations Club of IIMU and Pwnd – The Gaming Club of IIMU.

These two classes also helped in laying the values in the foundation of IIM Udaipur’s functioning by adopting the Constitution and Code of Conduct and electing the first Academic Council and the Council of Student Affairs to exercise the students’ rights and duties as well as to check the academic governance of the institute.

The Flagships events of IIMU were conducted on a larger and grander scale with perfection due to the executional experience brought in by the batches. The values which IIMU inculcates in its every student manager made a lot of noise in the media with various social responsibility activities conducted in campus orchestrated by the people of these batches helping directly and indirectly a lot of people in the Udaipur community.

The students also won accolades in the International Universities where they went for Student Exchange Programmes (STEP) and International Companies where the students interned and did projects in International Business Practices Programmes (IBP).

The classes also did exceptionally well in Live Projects with various industrial organizations helping them with their management acumen and also in the Summer Internships in which many companies even offered Pre-Placement Offers (PPO) to the students. Special achievements were achieved in their feat at various students competitions in India and abroad by students viz., Prateek Shukla, Vivek Batra, Anusha Ganne, S. Prashant and Rahul Agrawal in Bloomberg Aptitude Tests (BAT) and Arpit Mehra, Biswarup Das, Rahul Dsouza and Rahul Pandey in IndoUS Global Operations Conference2013.

Many students have started their professional journeys with their own entrepreneurial ventures and the rest have begun their careers with taking up the job offers extended to them by reputed corporations of India and abroad.

The students were joined by their proud parents and the faculty who mentored them in achieving this feat in this important moment of their lives. The students were wished all the best by the faculty, staff, guests and director of the institute for starting a new chapter in their careers and their lives ahead. With the caps flown into the air, the students added yet another feather in their caps, of being an IIMU Graduate. And they remain the true Pride and the real Insignia of IIM Udaipur.

1975154_617380255011906_1055408028_n

And the students and faculties shared their memoirs and wishes with their testimonials, some of them delineated below.

The ride was full of fun, laughter, excitement, parties, late-night studies, life-long friendships, hour-long enmities, never-ending assignments and inhumane study schedules. Those brief yet memorable moments that made the journey worthwhile. Now, that the roller coaster is coming to an end, it’s time to say #‎thankyouIIMU (Rahul Agrawal, PGP Class of 2014)

Endless sessions, amazing Profs, trekking, guest lectures, early morning outings, late night parties, Table Tennis at 2 am, night canteen, Leadership Summit, Poha at shashtri circle, dinner at Upre, coffee at Fatehsagar, SFM, CLU auctions, U-Mart, HBR Case Studies, project submissions, turn it in, 11:59:59 pm deadlines, getting WACed and so much more…This journey has been so amazing and awesome, will miss every part of it…but will miss all those awesome people who made these 2 years unforgettable. Love u PGP 2012-14 batch & thank you IIM U.#‎thankyouIIMU (Parikshit Kapila, PGP Class of 2014)

#‎thankyouIIMU I am obliged to IIMU for giving me an opportunity to not only learn business management but also become a better person. (Vaibhav Narain, PGPX Class of 2014)

There are a lot of things am thankful for at Indian Institute Of Management Udaipur – IIMU.. starting with this monstrous download speed! .. #‎ThankyouIIMU (Ishan Raj Bhardwaj, PGP Class of 2014)

Its all started with a 5X5 room shared with a guy from Banaras
in a hostel named after a famous mathematician Ramanujam
inhabited by 29 similar chaps with a questions in mind
“kya humne sahi kiya”

None of us felt suffocated when such a room is stuffed by all 29
Whether its an exam night or making a fun of our plight
Over the years, I hope batches will give our analogy
But I still wonder “Isn’t RHKL an ideology”

A change from RHKL guy to an MDS boy was equally exciting
A place with love and little fighting

The limits have been broken here with the help of you all
whether its roaming freely late night for Poha or walking on the ramp
I have been able to realize my true potential at IIMU
And will attribute my transformation to a selected few

Someone says “I think a lot on trivial matters”
It’s good as thinking is a function of mind which will fade away with time
But not the moments which I have spent from the start
Not with the application of mind but of heart

Memories will be erased as each of us will get busy in our life
But not the experiences which will stay till eternity
and that what the life is
A journey and not the end (Aadish Jain, PGP Class of 2014)

A journey that started two years ago with a simple FB status msg sayin “Finally IIM”…. now ends……Thank You IIM Udaipur (Aasif Ali Khan, PGP Class of 2014)

Your emotional updates are infectious for sure! I revisited the note that i had penned down on my way back exactly one year back and somehow the feelings seems to have stuck on…

Happy Convocating !! (Gudakesh Kumar, PGP Class of 2013)

Bombardment of emotions…IIM Udaipur…never knew it would be soo hurting to leave you for the last time..   :’)   ;/ (Swati Chauhan, PGP Class of 2014)

A DREAM CAME TRUE !

Finally years of hard work and determination paid off. It’s been a wonderful journey to say the least and the concluding ceremony became even more blissful by the presence of my parents. All in all, feeling a sense of pride and emotions for having achieved this feat and seeing the happiness in the eyes of my parents. (Rahul Verma, PGP Class of 2014)

#‎thankyouIIMU Exciting time passed by so soon….BONDED FOR LIFE!!! (Ravindran Damodaran, PGPX Class of 2014)

While the four years of MIT life thought me “What life is”, two years of IIMU life is teaching me “Who I am and what I am capable of”, my greatest learning yet; My journey here started with the lots of negative feeling; But “The Biggest learning experience in life always starts with the negative feeling”: I learned it theoretically as well as practically here. #‎thankyouIIMU (Jagadeesh Jana, PGP Class of 2014)

Was all set to leave for Delhi. Got my confirmation mail from IIM Udaipur one night before… decide to chuck everything else.. And what a wonderful decision that is turning out to be… All set for 2 months of internship with GE India…#‎thankyouIIMU (Edwin James, PGP Class of 2015)

The happy graduating batch of my students @iimudpr on eve of convocation! (Srinivasan Tatachari, Permanent Faculty IIM Udaipur)

Prarambh – The 32 hour Start-Up Challenge concludes on a highly successful note at IIM Udaipur!

Entrepreneurship is one of the key pillars of IIM Udaipur’s foundation. And fostering its spirit within the student community and the society at large has been a prime endeavour of Prof. Janat Shah, Director IIM Udaipur. Taking the baton of the league forward, SakshamThe Entrepreneurship Club of IIM Udaipur, presented the first edition of Prarambh The 32 hour Start-Up Challenge from 7th – 9th March, 2014 at IIMU. Prarambh, co-sponsored by Rajasthan Angel Investors Network (RAIN) and The Indus Entrepreneurs (TiE) was organized with a vision to provide a launch to prospective entrepreneurs to build on their ideas.

1

The idea of the start-up platform is to bring together budding entrepreneurs from different backgrounds including software developers, MBA students, marketers, designers and enthusiasts under one roof to develop synergies and facilitate the translation of ideas to reality. The exhilaration of pitching their idea as well as the thrill of working in diverse teams and being mentored by distinguished entrepreneurs was what led the participants to the doors of IIM Udaipur. The event received an overwhelming number of 160 registrations from individuals coming from 18 cities across India, 15 companies and 40 colleges including reputed institutes like Boston University USA, IIMs, XLRI, SP JAIN, NITIE, JBIMS, IITs, BITS and NITs. Out of these entries, 45 enthusiasts were chosen to participate in the ultimate challenge round.

2

The event kicked-off on 7th March, Friday with an idea pitching session where all the participants gave a lightning pitch of 1.5 minutes to express their innovative business ideas. This round was followed by a selection of top 6 ideas through a collective voting process. All the participants were absorbed in the 6 teams formed around the most popular ideas. The event witnessed some amazing creativity and enthusiasm shown by the participants.

3

The next day began early with the participants gathering all charged up to showcase their talents. This round was the real executional challenge of the competition. In 32 hours, the teams had to develop a minimum viable product i.e. a working model of their ideas along with a customer value proposition, marketing strategy and a future road-map. The difficult part of this was building a product from scratch under severe time-pressure with a new team and thus testing optimal resource utilization, team working capabilities and managerial skills and decision making in a competitive environment under constraints.

4

The teams got 7 mentors each a successful serial entrepreneur, to guide them during the journey of this competition. Mr. Mukund Mohan, DirectorMicrosoft Ventures, Mr. Pranay Gupta, Partner91 Spring Board, Mr. Anuj PulstyaAngel Investor, Mr. Gaurav Mantri, FounderCynapta, Mr. Gaurav Sharma – Serial Entrepreneur, Mr. Nilesh Trivedi – Serial Entrepreneur and Mr. Chintan, FounderStart-Up Oasis graced the event to mentor the 6 teams.

This day had the teams brainstorming the idea scope and experiencing the rigour of execution. The teams had to re-work on their business models multiple times in order to come up with a winning product.

5

The teams had to conclude their final work on 9th March, Sunday. The grit demonstrated by the teams to complete their product development and presentations in time was spectacular. Eminent personalities from the world of entrepreneurship were present to judge the work of the 6 teams. Mr. Rajneesh BhandariTiE and Mr. Shailesh Vikram SinghExecutive Director, Seedfund Advisors were part of the panel of judges.

All the teams gave captivating presentations and received massive applause from the crowd. The final teams which were adjourned winners were Wedway and Buzzcaptor. The closing ceremony witnessed some amazing surprises. Mr. Mukund Mohan encouraged the teams to carry forward the work in their collaboration and invited them to join the Microsoft Accelerator Program. Mr. Pranay Gupta of 91 Spring Board also offered free hosting on their platforms of the projects by the winning teams.

6

The closure of the event ceremony and the spirit of the organizing team were exuberated when it was announced that Saksham has been awarded the Best Debutant EntrepreneurshipCell in the North Zone by National Entrepreneurship Network (NEN).

The success of the event also saw an acknowledgement from the corporate participants when Mr. Rajneesh Bhandari announced that TiE would partner with Saksham for its events lined in the future.

The event culminated with a dinner and a fun-filled evening to celebrate the tireless efforts of the teams. The mentors and the judges shared their experiences of being entrepreneurs and gave inspirational wisdom to the students to pursue their passion. The participating teams bid farewell testifying that the electrifying weekend of Prarambh at IIM Udaipur proved to be a memorable experience. Prarambh’s success marked a new beginning for IIM Udaipur which is set on a unique path of building a different academic and corporate culture promoting entrepreneurship.

Team Saksham

7