E-Summit is an annual entrepreneurial fest organized by SBERTC, consisting of several competitions, workshops, talks by eminent personalities and much more. Participants come from all over the country providing the campus community a very healthy exposure to outside entrepreneurial environment. Students get to interact with the speakers and judges in the networking session, which brings about clarity in the way they think about entrepreneurship.
E-Summit 2015’s vision was to reach out and help the startups of two-tier cities of India like those from Lucknow, Indore, etc. where these start-ups do not get the kind of exposure that their counterparts in metros do. A whole new competition was created for startups and prizes worth lakhs of rupees were awarded. Startups also got a platform to showcase their ideas in the expo.
The competitions were designed keeping in mind the different skill-sets of the participants involved. “Upstart” was designed to cater to full blown entrepreneurs who already had a start-up in operation. Those who had an MVP (Minimum viable product) ready, could compete in “Pitch Ur Product”. Another competition “SoCha” was conducted as the social counterpart of Pitch Ur Product. For those who had only an idea, we had them validated against a crowd in “Crowd-ed”. It also took care of the want-to-be start-up investors. While these competitions served entrepreneurial minds, another competition named “Decrypt” was designed for students who had a knack for solving case studies. Details on each of these competitions are stated below :
a) Upstart – An event that catered to the start-ups of Kanpur and other tier II cities, this competition stood apart from conventional Start-up competitions and 10-minute pitches. We strive to give our participants more than just the prize. 6 start-ups were selected for the final round of Upstart which was held in the Campus. Each start-up was assigned a mentor and given the opportunity to develop their ideas and hone their business plans in subsequent brainstorming sessions with the mentor. The final pitch was then judged by this panel of mentors.
Prizes for the competition included: pitching call to Nexus Venture Partners, direct entry to Accelerator program of BW Accelerate, direct entry to Accelerator program of Excubator and incubation at SIDBI, IIT Kanpur along with a cash prize of INR 50,000.
b) Pitch-Your-Product – Pitch Ur Product was organized with an objective to provide participants with an opportunity to present their innovation or innovative idea (e.g. summer project or any other such research work) wrapped up as a potential working start-up in future. This event examined the ability of the participants to evaluate the market, the customer needs and their distribution strategy for a product they had already prototyped. With a total cash prize of INR 25,000 the event saw 10 teams being shortlisted for the final round.
c) SoCha- SoCha, or Social Challenge, is a competition aimed at directing entrepreneurial minds towards the social problems that plague society today, and encourage them to provide a viable and sustainable solution for it. It is not just about the profits, but rather about the social impact their idea can have.
The event saw 14 teams in the final round fighting it out for cash prizes amounting to a total of INR 20,000 and a chance to get incubated by Villgro.
d) Decrypt – Decrypt is the case study competition wherein you are given a startup case/crisis and you step into the shoes of a founding member to present and defend your solution. Cash prizes amounting to a total of INR 50,000 were awarded to 4 teams who were shortlisted from more than 200 registrations from both online and offline rounds of the event.
Winners (Online Round):
Winner (Offline Round): Aakash Tiwari
e) Crowd-ed: Crowd-ed, or Crowd-Funded, is a crowd funding competition for creative projects and ideas. It is a platform where project creators, start-ups and individuals pitch their ideas to the toughest panel on the planet, a crowd. If holding the fate of the winners in their hands wasn't enough, attendees in the crowd are rewarded in other ways as well. The top 5 investors in the winning idea received back the amount they invested.
The winning pitch received a cash prize of INR 17,500 while the top five investors in the winning pitch walked away with INR 500 each.
E-Cell believes that workshops are a very crucial part of learning. eSummit’15 consisted of 4 interesting and informative workshops for everyone, i.e. from the people who didn’t know anything about entrepreneurship to the people who already have started up.
a) Ideas to Execution - This workshop, organised for non-IITK students on 29th August, 2015, giving a clear insight into the world of Start-ups and Entrepreneurs and encouraged the participants to look at entrepreneurship as a career option. Every aspect from Idea to Execution in a start-up was covered. The workshop was attended by 70 students.
Speaker: Ravi Ranjan - Manager, Start-up : Warehouse Kolkata, is an "Intrapreneur" and Entrepreneurship evangelist. He is currently managing Start-up Warehouse Kolkata, which is part of www.10000startups.com and funded by Govt. of West Bengal. Ravi has over 8 years of experience spanning diverse sectors such as Entrepreneurship, Angel Investment, Venture Capital, Private Equity, Early stage companies, Deal Flow Management, Business Incubator, Operations, Events and Media Across Geographies.
b) Business Model Canvas - The Business Model Canvas was a strategic management and entrepreneurial workshop for business model innovation, organised on 30th August 2015, in association with Villgro. It helped participants learn how to decide whether the benefits of an option outweigh the risk factor, giving them a holistic view of business. An encouraging response was received from the participants due to the mind of information it imparted and its utility. The workshop had 40 students in attendance.
Speaker: Sudhanshu Malani has over four years of experience working in both private and non-profit sectors. He was a fellow with Teach for India in Pune where he taught Math and Science to grade 4 kids. Prior to his fellowship he worked with TATA Motors and handled after-sales management of commercial vehicles. At Villgro, Sudhanshu is working with incubation team and looking at education portfolio companies.
c) How to get first few customers - This interactive workshop on 30th August, 2015, demystified the start-up selling process and taught students how to sell ideas and build organizations. Early stage entrepreneurs who had great ideas & products but did not come from a formal sales background, learnt how to shorten their sales cycle. The workshop was attended by 35 students.
Speaker: Balaji Chakravarthi has 20 years of IT selling experience in start-ups, first customer acquisition and also in setting up large sales teams from scratch. Balaji is the founder of ScoVelo.com, a sales process consulting firm. Balaji is also the founder of FirstFewCustomers.com, a platform that shares start-up sales secrets of successful founders. Balaji has also handled large sales teams for expansion stage companies.
d) Storytelling for Leaders - This was a special addition to our ‘series’ for all those who aspire to lead. Attendees of this workshop learnt to apply a series of practical guidelines, step-by-step, for creating unforgettable stories. Participants learnt how to build an emotionally resonant arc for their brand biographies and professional networking. This highly interactive workshop was appreciated for ready-to-use methods and very practical guidelines. The workshop had 30 students in attendance.
Speaker: Rohini Vij, Founder and Chief Creative Officer, NutSpace is extremely detail oriented & timely, while being very helpful & friendly. She has previously worked for Scholastic India among others and has over 10 years of experience in Public Relations, Corporate Communication and Marketing.
Talks and Panel Discussion:
No festival or summit is complete without talks, talks by successful people. eSummit 2015 was marked by talks from several esteemed speakers. Shraddha Sharma (Founder, YourStory) delivered a talk on the opening day by telling her own story. eSummit 2015 concluded with the talk of Rahul Yadav (Co-Founder, Housing.com), who delivered in a unique style-only questions and answers. A panel discussion was held on the Astronomical Valuations of Startups, which got an overwhelming response from the audience.
|1||Rachit Rastogi||Chief Product Manager, Tewee||Teewe is a media streaming dongle which takes the connected home entertainment experience to the next level. Rachit is also an alumnus of IIT Kanpur|
|1||Shraddha Sharma||Founder, YourStory||Currently among the ‘500 LinkedIn Influencers’ across the globe, Shraddha Sharma is giving the untold stories of Entrepreneurship in India, the deserved limelight with YourStory. They have already incubated narratives of more than 15,000 entrepreneurs.|
|3||Rahul Yadav||Co-Founder, Housing.com||Indian entrepreneur and co-founder of Mumbai-based real estate search portal Housing.com, Rahul Yadav was the cornerstone of the biggest innovation, real estate trading has seen in the last quarter.|
|3||Shaili Chopra||Business Editor, Tehelka||Shaili Chopra is an Indian business journalist with nearly twelve years of experience in television anchoring and reporting, and writes the popular golf column Tee Off With Shaili Chopra for the DNA.|
Panel Discussion (Day 2)
|Anuj Rathi||Vice President, Snapdeal||Mr Anup has ten years of experience across product management, development, personalization, ecommerce, and multichannel retail. He is responsible for the go-to-market strategy, product management, product marketing, agile teams, budgets, development of high-growth products.|
|Ritika Goyal||Investment Professional at Matrix Partners||An IIT Bombay Alumni working presently as an Investment Professional at Matrix Partners, a company committed to building long term relationships with outstanding entrepreneurs and helping them build significant, industry-leading companies.|
|Chirag Kulkarni||Co-founder & CEO of Insightfully||Chirag Kulkarni is known as a thought expert in the areas of business strategy, sales and marketing. Besides being a motivational speaker, he has been instrumental in imparting his entrepreneurial knowledge to a large audience including young entrepreneurs and college students as well.|
|Ashu Agrawal||Director, BW ACCELERATE, Start-ups & Early Stage Eco system||Ashu is an entrepreneur and an entrepreneurship evangelist with diverse executive experience across businesses and cultures. He, in the recent past has served as the HeadNorth India operations at Indian Angel Network and played a critical role in facilitating interactions & transactions amid investors, funds and ventures.|
|Rakesh Mishra||Co-founder, Excubator and Global Co-Chair, IIT Mentors||He is closely involved with IIT institutions and IIT alumni in the capacity of global co-chair of 'IIT Mentors', an organization that aims to touch lives of young professionals as well students across the country.|
|Shesh Vasudevamurthy||Director of Product Management, Groupon Asia||Shesh is an entrepreneur who personally guided the winning team at Upstart this year, as a part of the board of mentors.|