IIM Bangalore organizes entrepreneurship summit

Sunday, July 24 2016, 10:32 AM
The Entrepreneurship and Innovation cell of Indian Institute of Management (IIM-B), Bangalore, in association with NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) organized the first Entrepreneurship Summit titled Eximius on August 22 –23, 2008.

According to the information shared by IIM-B, "The event was conceptualized to provide a platform for entrepreneurs to take their ideas to venture capitalists, and solicit feedback from relevant industry experts." 

The two day summit culminated with a panel discussion on Social Entrepreneurship attended by Dr. D R Mehta, founder of Jaipur Foot; Rajdeep Sehrawat, VP of NASSCOM; Mr. Pradeep P, CIO Aavishkaar Venture management services and Biju Mohandas, India Portfolio Head, Acumen Fund. Mr. Mehta talked about how having a value system and sticking to it in all cases has allowed his enterprise to reach the greater scale. Mr. Sherawat, said that social enterprises can attain more success if students from elite institutes like IIMs joined this sector.

The summit offered the cash prizes worth Rs 3.5 Lakhs, and opportunities for spot funding of winning ideas. The event saw enthusiastic participation from the industry, premier management and technical institutes from all over the country. In addition, international participation was seen from National University of Singapore, and NTU Singapore.

While sharing the different sections of the summit, said IIM-B, "Ingen - Business ideas in the education sector, drew more than a hundred entries for reforms in the education sector. The winning idea - about adaptive self-learning aids for children from Bibox Ltd received a cheque of Rs 1 lakh from Eximius. There was also an idea valuation competition - Genesis, which gave a platform for the participants to meet prospective venture capitalists across domains, and seek feedback for their ideas. The team "MobMe" from Great Lakes Institute of Management, Chennai was the winner of this competition.

The flagship event of Eximius 2008, Ingen received enthusiastic participation from all across the globe. The audience consisted of many CEOs and VCs on the lookout for the next big idea in India's learning space.

"Innovation Challenge - Transforming India", had ideas across the board having a direct social, economic and technological impact. To assess and evaluate these impacts, experts from fields as diverse as socio-political to environmental sectors were present.