Faculty of Management Studies or FMS wrapped up its seventh edition of E-Summit 2018 on February 18. The event serves as platform for students to meet industry experts and share their ideas with them.
Day one and two
More than 300 budding entrepreneurs visited the FMS campus on February 17. This platform gave them a chance to realise their dreams, with a funding of over ₹10 crore on offer.
There were three diverse events conducted on campus during the course of the weekend, and each catered to different kinds of ideas.
~ Frugal Innovators sought to find the best idea which could be implemented on a limited budget of ₹20,000.
~ Responsible Entrepreneur was a quest to find a socially responsible idea which would empower weakened sections of the society, and help realise green business ideas.
~ International Entrepreneurship Challenge (IEC): This is the flagship programme of this year’s summit and it gives a platform to those business plans which are awaiting implementation or are in the product stage.
The plans can be submitted by entrepreneurs across the country. It provides contestants with the opportunity to pitch their ideas in front of renowned VCs and investors and get funding, besides the winning prize money.
There were more than 350 registrations, with 28 teams invited to the campus to be a part of the finale. There was a great deal of surprise as ₹1.5 Cr funding was offered on the spot.
After listening to great ideas, three winners were picked. Major investment firms such as Indian Angel Network, Axis Bank, Advant Edge and Peoplist India were on board as investment partners, looking into the ideas presented.
Talks and responses
‘How entrepreneurship can help in the nation building’ and ‘the future lies in small and medium enterprises division’ were some of the topics discussed at the event.
“The e-cell has tie-ups with various investors and individuals who want to fund. They are invited to the event as judges and if they like an idea, they can take it forward or fund it, if they deem it worthy”, said Sayak Guha, a first student at FMS.
Tanmay, a first year student at FMS, said “Over the two days, we had numerous events and got to listen to various ideas from different entrepreneurs. It is very informative and gave us insights on what made them take a certain decision.”
The panellists comprised of people from diverse backgrounds, ranging from a retired army officer to sportspersons.