Entrepreneurship Summit 2016 conducted by Entrepreneurship Cell, FMS Delhi, presented by Unitus Seed Fund in association with Jaarvis Accelerator kick-started with its flagship event “International Entrepreneurship Challenge” on 13th February 2016. The competition saw an enthusiastic participation from budding entrepreneurs who came to the campus from all over the country to present their business ideas. The panelists comprising of investors as Unitus Seed Fund and Jaarvis Accelerator, VCs and experts gave the finalists a good chance to not just participate in a B-Plan competition but to also pitch for funding to make their idea come alive. The winning team “Bluedrop” proposed the idea of an inexpensive durable water filter that can meet the requirements of rural India sustainably.
Responsible Entrepreneur, a Social entrepreneurship competition launched in association with Vihaan, social service cell of FMS, focused on B-Plans that would leave a social impact on society with a financially sustainable model. The finalists in this competition proposed business solutions to ubiquitous issues like sanitation, recycling, etc. Finally, the Frugal Innovators competition challenged entrepreneurs to come up with innovative ideas restricted to a meager budget of Rs. 20,000. Team Peco Labs, which proposed profitable Sugarcane farming, won the Responsible Entrepreneur competition whereas Team Nimori which proposed a Smart Pillbox was declared winner of Frugal Innovators. Start-up fair was also hosted as part of the E-Summit where start-ups setup stalls and were given an opportunity to showcase their ideas to students and investors and take feedback on the same.
Day Two of E-Summit 2016 began with Entrepreneurship Conference –a panel discussion moderated by FMS faculty Prof. Vivek Suneja on the topic, ’Demystifying Aggregation based Start-ups’. The audience comprising of students and entrepreneurs witnessed eminent personalities like Mr. Brett Stevens (VP, Jaarvis Accelerator), Mr. Vijay Singh (CEO AraamShop), Mr Anirudh Kumar (Investment Professional, Matrix Partners) and Mr. Angad Rikhy (VC, Unitus Seed Fund). The conference was followed by lunch sponsored by Bueno, a gourmet food start-up by FMS alumnus Mr. Rohan Arora.
The event then moved on to “NewAge Innovators”, a talk series where founders like Mr. Vinay Kumar (Arya), Mr. Rohan Arora (Bueno) Mr. Ankit Singh (MyPoolin) and Mr. Rahul Prasad (Juvenile Care) shared their entrepreneurial journeys and the struggle along the unexplored path.
“Acquire customers cheaply, give them magic moments and repeat those moments: it’s a linear process” said Ankit Singh founder MyPoolin. MyPoolin recently won the $250,000 Qualcomm Ventures’ QPrize. The talks reflected the deep insights that the start-up founders had gained through their experience- “The product is the message,” the emphasis was resonated by Vinay Kumar as he explained Artificial Intelligence; “AI is more than Google now and Siri. It is your doctor, financial advisor and more.” The day concluded with the FMS Entrepreneur Award presented by The FMS Forum to joint winners Mr.Ankit Singh, Co-Founder, Mypoolin and the team of Mr Somak Ghosh and Ms. Aditi Gupta, co-founders, Contrarian Capital. The FMS Entrepreneur award was conceived under the guidance of Mr. Sunder Hemrajani, former MD, Times Innovative Media Ltd., former President-Distribution, Reliance Capital .The jury comprising of Mr. Sandip Das, Chairman & Parner Maitreyi Capital, former CEO Hutchisson Essar, former CEO Reliance Jio and Prof. Vivek Suneja,former Dean(Planning) of Delhi University and teaches Strategy at FMS, appreciated the immense entrepreneurial capabilities that students of Faculty of Management Studies have showcased through their business ventures and encouraged the audience to take up entrepreneurial activities in the conducive start-up environment of today.
E-Summit 2016 was made possible under the guidance of Dean, FMS-Delhi, Mr. M.L.Singhla and Placement advisor Ms. Kavita Singh.