A one day work shop on 21st Century Entrepreneurship was held on May 13, 2019 at the University Auditorium. The program was organized by the Center for Innovation, Incubation and Entrepreneurship (CIIE), Presidency University in collaboration with Openly.com, Switzerland.
Speaking on the occasion of the inauguration, Mr. Sameer A. M., Chief Executive Officer, Bonito Design.com, Bangalore said that the road to entrepreneurial success is long, winding and strewn with pitfalls, obstacles and blind turns. The risks of starting a new business are high, as illustrated by the high failure rates for new ventures. However, as is always the case, the rewards, both financial and personal, are commensurate with the risk.
Delivering the keynote address, Mr. Tanish Mathur, Member, Board of Directors, PMI, Bangalore enthused the participants with his young and vibrant energy. Later he also showed a video of Mr. Thomas Schuetz, Workshop Co-Host and Co-Founder, Openly.com, Switzerland who could not come personally but gave his good wishes to the young brains. Later Dr. Swapan Kumar Majumdar, Director CIIE gave his vision and the rationale behind the workshop. Present on the occasion of inauguration were other key officials of the University including : Dr. Radha Padmanabhan, Vice Chancellor, Dr. Prabhakar Reddy, Dean School of Engineering, Dr. C. Ramesh, Dean Research & IC and Dr. K Krishna Kumar, HOD, School of Management.
Inaugural function was followed by Panel Discussion on Industry 4.0 : Opportunities, Challenges and Way Forward. In the Panel Discussion, five distinguished entrepreneurs shared their views on various facets of industry 4.0. Panelists included Mr. Kishor Jagirdar, CMD, Infopace Management Pvt. Ltd, Angel Investor, Startup mentor, Mr. Navin I, Founder and CEO, Eduvirtuoso.com, Mr. Tanishk Sharma, Co- Founder, Openly.com, Mr. Girish Batra, Founder of Glocal Projects & Author “ Experiments in Leadership” and Mr. Sameer, Co – Founder & CEO, Bonito Design. Dr. Akhila R Udupa was the Rapporteur of the discussion. Each panelist shared their experience of establishing and running their successful enterprises in the VUCA world and how technology had ushered phenomenal changes. Having the passion and urge to become an entrepreneur, steps to be followed to prepare viable business plan, whom to approach for funding, how to face the challenges were some of the key takeaways of the discussion that benefited audience.
Post-lunch there were 16 Business Plans which were presented in three parallel sessions in front of the Stalwarts, Doers and Financers. There were discussions and debates on How much to invest, Bootstrapping, Marketability, Profitability, Creating a business model canvas, Market structure and Competitiveness amongst others. Money is the life-blood of any company and is especially important for startup companies. Top teams in each session was chosen for further action and mentoring by the panel of experts. They were also awarded with cash prize of 10,000 each sponsored by Openly.Com and Presidency University.
The prizes were distributed in the valedictory session where the Guest of honor was Dr. Kalpana Gopalan, Additional Chief Secretary, Youth Empowerment & Sports, Govt. of Karnataka. In her address to the gathering she emphasized on the role of Government and other regulatory bodies in building an ecosystem to promote entrepreneurship. Mr. Kishor Jagirdar, CMD, Infopace Management Pvt. Ltd. shared the comments from the Jury’s side. Later presidential remarks were given by Dr. Vijayan Immanuel, Pro Chancellor, Presidency University.
Hosted by Center for Innovation, Incubation and Entrepreneurship (CIIE), Presidency University in collaboration with Openly.com, Switzerland. The workshop was held with a purpose of helping participants understand the process, challenges, risks and rewards of starting up a new scalable venture; Equip them with the tools required to start their own business and improve their chances of successfully starting their own business.