Management Development Institute (MDI) Gurgaon recently co-organised a boot camp with Start-up Accelerator Chamber of Commerce (SACC) that provided a platform for bouncing around what turned out to be path-breaking business ideas.
The activity was a business idea formation exercise where the MDI students formed six teams comprising five members in each team. These teams were given a theme on which they had to build a scalable idea on the spot.
Post the brain storming session, students pitched their business propositions to the jury. The jury quizzed the team for 3-4 minutes where the audience too had a chance to engage with the participants.
The ideas were evaluated on five key parameters – the idea, the problem it seeks to solve, the solution it offers, the team needed to execute, and the funds required for the project. The finalists from this activity will now be given a chance to pitch and scale their idea at the upcoming Start-up Weekend.
“In the 1960’s, almost everyone was looking for a government jobs; now, however, the scenario has changed and people are open to the idea of joining start-ups. It is good to see that students are now going out of their comfort zone and aspiring to be entrepreneurs. We will provide all the support required to the students, if you come one step we will take ten steps to achieve the goal. It is a difficult task but not impossible,” said TL Satyaprakash, IAS, Deputy Commissioner Gurgaon, who was the chief guest at the event.