Prarambh 2015- The 32 hour start-up challenge is back

Saksham – The entrepreneurship-cell of IIM Udaipur, in association with TIE presents Prarambh 2015. Prarambh is a 32-hour start-up challenge, in which a team of participants (max. 10) will have to create a minimum viable product (MVP).

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Over this span of 32 hours, mentors will critically advice the participants to better their prototypes. The mentors for Prarambh 2015 are –

  • Aditee Rele – Lead – Technical Evangelism-Microsoft
  • Gaurav Mantri – Founder & Head of Technology at Cynapta
  • Dilip Kumar – Co-Founder & CEO –Inolyst
  • Tathagat Varma – Founder, Thought Leadership
  • Rajiv Agarwal – Co-founder Intelli Organics
  • Ramesh Loganathan – VP (Products) & Center Head, Progress Software- Hyderabad Labs
  • Ashish Bhatnagar – Founder of Croissance Consulting Pvt Ltd

Participants of the Event

  • Early professionals and students from premier institutes across India
  • Startup enthusiasts who want to meet Venture Capitalists for raising funds
  • Entrepreneurs who are looking for a good team for their startups
  • Designers and Tech-experts who want to join an idea
  • Entrepreneurs who want to build networks
  • People who want to learn how to start a company

What’s in it for the Participants

  • Aspiring entrepreneurs can use it as a platform to try out their ideas
  • Continuous mentoring from Entrepreneurs and Professionals
  • Exposure to Angel Investors and Venture Capitalists
  • Opportunity to interact with young minds from diverse backgrounds
  • Two days of highly engaging working experience with exciting new teams
  • Incubation opportunities for Winners
  • Exciting prizes to be won for all participants

Event Details

  • Date: 20th, 21st and 22nd of Feb, 2015
  • Time: 19:00 hrs. onwards
  • Venue: IIM Udaipur

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Once the 32 hours are up, the teams will be presenting their prototypes and will be judged by a panel of experts. The exhilaration of pitching their idea as well as the thrill of working in diverse teams and being mentored by distinguished entrepreneurs is what brings young entrepreneurs to IIM Udaipur each year. The industry stalwarts who have agreed to judge Prarambh 2015 are –

  • Shailesh Vikram Singh – Investment manager with SeedFund
  • Rajneesh Bhandari – Director, Cosmo Infrasolutions, President TiE Rajasthan, Executive Committee– Rajasthan Angel Investors Network (RAIN)
  • Pranay Chulet – Founder and CEO of Quikr India Private Limited

Other associate sponsors who are supporting Prarambh 2015 are Quikr, Microsoft Ventures and State Bank of India.

Technology Mentor – Advaiya Labs | Dinner Partner – Hotel Manwar | Hospitality Partner – Hotel Ambience | Merchandise Partner – Blisstasy | Food Partner – Egg Station | Networking partner – NEN | Print Sponsors – Choudhary Printers | Other Sponsors – Allahabad Bank, Applied Info Services

For more details log on to –

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Things which differentiate IIM Udaipur – Entrepreneurship!

The economies in nations across the world are facing saturation of opportunities and cut throat competitions in complex business environments. The need of the hour is to not just build and run successful businesses but to carry an entrepreneurial mindset in any career role chosen by the future managers. IIM Udaipur follows a pedagogy which strives to inculcate the spirit of entrepreneurship in its students.

Under the leadership of IIMU’s visionary DirectorProf. Janat Shah, the institute has taken several initiatives to foster the spirit of entrepreneurship in the institute’s foundation. Students are given ample opportunities to develop into effective self-starters and self-motivated leaders who can generate employment options for others as well and hence add value in the economy and society. The Director himself conducts Open House Idea Sessions with the students where the students put forward their plans which are discussed and brainstormed among the peers to enhance their implementation potential and directives. Faculty provides mentoring to the students to help them in shaping their ideas into ventures.

A number of eminent speakers who left the cushions of job security and created reputed ventures are invited to the campus to conduct sessions for the students. The PGP office also aids the strengthening of the entrepreneurial space of students by introduction of subjects like Entrepreneurship, Social Entrepreneurship, Courses of Independent Study etc. which promote students to learn the trade while integrating the lessons into their academic grading and evaluation. Placement Holidays are also provided to students along with seed capital help for incubation of ventures and deferred back up placements offers so that students can independently and dedicatedly work on their business models without losing on their other career options.

Several students driven activities have been running out of campus and in the areas in & around the vicinity of local community. SakshamThe Entrepreneurship Club of IIMU promotes the culture of entrepreneurship through the strata of its events and activities like Ideate Start-up Workshop, B-Plan Competitions, Live Projects et al. The success of its flagship event, PrarambhThe 32 Hour Start Up Challenge, a one of its kind event in India and the award of Best Debutant Entrepreneurship Cell in the North Zone given by National Entrepreneurship Network (NEN) showcase the testimony of the excellent efforts put by the club in sustaining the culture of entrepreneurship in the campus. Prominent tie ups with bodies like NEN, The Indus Entrepreneurs (TiE), Rajasthan Angel Investors Network (RAIN), Microsoft Ventures, 91 Spring Board, Cynapta and Start-Up Oasis among others are increasingly establishing entrepreneurship as a firm pillar of the institute.

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.

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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.

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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.

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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.

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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.

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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.

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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

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Life @ IIMU

Nestled amongst the lush, verdant hills of the Aravallis in Rajasthan, the Indian Institute of Management, Udaipur currently located in the campus of the Mohan Lal Sukhadia University possesses the perfect setting and environment for a business school.

Academic rigour has always been a part and parcel of the life of an IIM student and the experience at IIM Udaipur so far, lives up to the same. With business cases to be prepared on an almost daily basis, the study sessions with fellow group mates and the umpteen reports and presentations that have to be made and delivered before deadlines (which more often than not are at unearthly hours, so far spent either watching movies, surfing the net or partying hard) life can get stressful and sleep, a bygone luxury. And just when you’ve had a really heavy lunch topped off with some chilled lassi, does a mail pop into your inbox. Now, outside professional life, mails are usually responded to with a bored glance or a casual laugh. An IIM student learns to expect more. Mails from the PGP office between 12.30PM and 3.30PM are…the most dreaded on campus. Statistics for Management toppers have for decades struggled with their regression, correlation and heuristic analyses to comprehend the relationship between full stomachs and afternoon mails from the PGP office. Surprise quizzes, considered by many as an initiative by the Lucifer himself, serve to knock you off your dreamy siestas and full tummies to those notes that you had, in all probability, hastily scribbled over the last couple of sessions in class. However, the burden of all these activities can be alleviated by merely stepping out onto the hostel terraces for some casual banter with your “ever-ready” group mates whilst taking in the fresh mountain air that most of us have for so long missed, before resuming preparations.

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Udaipur, also called the ‘Venice of the East’ is also called the City of Lakes. Hills, lakes, gardens and palaces, the city is not short on options to recharge the soul and the mind, a welcome relief from the daily grind. The Chief Conservator of Forests in Udaipur organizes regular treks for the students, which apart from being an experience in itself, helps build bonds that could very well last a lifetime. For the foodie, the alleys of the Old Udaipur town are a godsend. Rajasthani delicacies, Mumbai vadapavs and even Keralite non-vegetarian cuisine, the city’s got enough to keep you satiated. Fast food outlets of the likes of KFC, Pizza Hut are in a close proximity to the campus and make for a welcome reprieve at the weekends.

For those who want to work on their extra-curricular activities, IIM Udaipur’s clubs and committees (currently numbering to around 20) provide ample opportunities. The Media & Industry Interaction Cell organizes the Leadership Summit, which is the flagship event of the campus. The Literary club is not just restricted to organizing quizzes. Over the last year, it has organized the Udaipur Leap Day Lit Fest where authors of the likes of Rashmi Bansal and Ashwin Sanghvi visited the campus and interacted with the students. The club also conducted the Udaipur Amazing Race which was basically a treasure hunt across the city of Udaipur, organized along the lines of the popular TV show. The football and crickets enthusiasts among the batch have a Cricket and Football League system in place, complete with an IPL-style auctioning system to add a little extra spice. There are also regular JAM sessions and film screenings that allow the entire batch to let its hair down and have fun as a group. The institute also has a music room, where the musicians of the batch can let loose post the sessions in class.

As in every Management School, due importance is given to those clubs that promote the business of Business itself at IIM Udaipur. Finomina – The Finance Club of IIM Udaipur holds sessions and competitions with the batch to illustrate and discuss various aspects of finance. The Entrepreneurship Cell – Saksham holds guest lectures with the batch, where students get to interact with budding entrepreneurs. Prayatna – The Social Responsibility club has taken up a variety of initiatives to promote a spirit of social responsibility among the students. The Cultural Committee organizes various cultural events in the campus to highlight the diversity of the batch. The recent Food Fest conducted in association with the Mess Committee is just an example of the same.

As with any other college, the real flavour of IIM Udaipur is best experienced in its hostels. Time inside the hostels doesn’t run according to the Indian Standard Time though, at any point in the day the mean number of people sleeping and those wide awake are roughly the same. The latter are either working furiously to complete some assignment or trying to derive some inspiration for doing so off of Facebook!

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Come 8:30 AM and its quite common to see mouths frantically trying to gobble down the breakfast before entering the lecture hall – hopefully before the professor. The afternoons and evenings that are privileged enough to not be spent in class are utilized for impromptu siestas, volleyball matches or Counter Strike battles. More often than not, it’s all three combined.

The nights can be rather subdued before a quiz or some similar tragedy scheduled for the next day, however one thing that manages to bring people together even in times of such hardship is the call for “Maaro Maaro Maaro Maaro” that accompanies every poor soul’s birthday celebrations. The crowd congregates, beats the person black and blue, eats all the cake, (occasionally remembers to wish said person) and then go back to their respective studies. The quizzes still lie in waiting, and they are not going to study for themselves!