MICA hosts 'Start your own Startup'; Students explore entrepreneurship funding through the launch-pad

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MBAUniverse.com News Desk |
October 25, 2016
MICA Ahmedabad hosted 'Start your own Startup', a launch-pad for students to showcase their project ideas in front of industry professionals and judges, and gain funding for the same
The atmosphere here is buzzing with creativity and ideas and it was great to be able to let myself sink in and absorb as much as possible Anupama Panchal, cofounder Gridle.io

MICA Ahmedabad hosted ‘Start your own Startup’, a launch-pad for students to showcase their project ideas in front of industry professionals and judges, and gain funding for the same. The student run Entrepreneurship Development Cell that organized the event aimed to promote the spirit of entrepreneurship among students, and give them a starting point to kick start their business at an early stage. The mentors also provided feedback to the students to enable enhanced learning.

The three participating teams – Team Collabor8, Team Vintage Mumbai, and Team StudyCast – were judged by an imminent panel of judges comprising of the cofounders of Gridle.io, Mr. Yash Shah and Ms. Anupama Panchal, and Mr. Siddharth Deshmukh, Associate Dean of MICA.

Mr. Shah expressed his pleasure with the level of the competition and said, “One of the greater B plan competitions I have judged. It was good to see clarity of thought in the way they were progressing with their presentation and could genuinely communicate their ideas to us.” Appreciating the event, Ms. Panchal commented, ““It was great that each team received enough time to communicate their idea. Coming to MICA has been a great experience, the atmosphere here is buzzing with creativity and ideas and it was great to be able to let myself sink in and absorb as much as possible.”

Team Collabor8, comprising of MICAn students Sumedh Prabhu and Vatsal Sethi, who emerged victorious and received a funding of Rs. 20,000, came up with the idea of creating an ecosystem where people can seek, share and explore “talent based” team building possibilities in a hyperlocal environment.

Through their business model, people collaborate to meet new people, enlarge their social sphere and network. Team Collabor8 will be provided the opportunity to start their project in MICA with help from the Entrepreneurship Development Cell and the MICA Incubator. Sumedh Prabhu, co-ideator of Collabor8 said, “There are all these talented people around us. Unknown, unheard of. If people just got to engage and share their skills, it could lead to creation of much better things, and much bigger ventures and ideas! That’s when we came up with ColaboR8. It brings people together so that they can hone their skills, and mutually use their expertise to excel.”

The presentations were followed by a feedback session by the panel. Ms. Panchal commented, “It was great that each team received enough time to communicate their idea. Coming to MICA has been a great experience, the atmosphere here is buzzing with creativity and ideas and it was great to be able to let myself sink in and absorb as much as possible.”

The student run Entrepreneurship Development Cell at MICA aims to foster & nurture talented young minds with a vision. Under the aegis of the MICA Incubator, the E Cell provides a platform for budding entrepreneurs to hone their skills and build sustainable relationships with their mentors in order to facilitate successful transitions towards launching their own ventures.

Established in 1991 MICA, Ahmedabad is the first residential institute in the country dedicated to creating Leadership in Strategic Marketing and Communication. The B school aims to assure delivery of Strategic Marketing and Communication solutions to the industry, government and community. The institute provides specialists in the field of communications management. Its spirit lies in its grasping of contemporariness, addressing the needs of an ever-changing environment. MICA is a premier school that focuses on strategic marketing and communication.

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