By Samachar Vishesh
News
Chandigarh 19th October:- The Chandigarh round of ASSOCHAM Launchpad - Startup Elevator Pitch
Series, an initiative and platform for budding entrepreneurs concluded today at
Indian School of Business (ISB), Sector 81, Mohali.
Sukhmeet Singh, Co
founder of A2P Energy won the first prize for his startup idea, Piyuesh Rai
Bhatia and Manish Garg (Empower DataLyzers Solution) secured the 1st runner up
position and Lt Cdr John Livingstone (Retd) Founder, CEO & Product
Architect of Johnnette Technologies Pvt Ltd was declared 2nd runner up.
Of over 100 applications
received by ASSOCHAM from across Punjab, 15 upcoming startups were shortlisted
and they got a chance to meet world class mentors, investors, companies having
decades of industry experience to help them give a better shape to their
business idea and pitch for funding & technology partners to generate
business opportunities.
The startups are mostly
from the category of early stage startups i.e. between 0-2 years of operations
and established startups between 3–5 years of operations. The top three winners
from Chandigarh will now be invited for grand finale in February 2020 in Delhi.
Besides, they will also
get an opportunity to scale up and raise finance and/or technology or even
marketing partnership with venture capitalists, mentors or independent
professionals of global repute.
As part of the Elevator
Pitch all 15 shortlisted entrepreneurs and founders were given 300 seconds to
explain the concept and idea of a service or product to set of jury members
which included eminent names -Anil Khaitan, chairman, ASSOCHAM Startup Council;
J.D. Ghai, founder & CEO, santabanta.com; Mrigank
Singh, CEO, Atal Incubation Centre at ISB Mohali; Ravindra Chawla, professor,
NDIM; Raman Chadha, Co-Founder & CEO, Adreno Technologies India Pvt. Ltd.; Arvind
Mehan, ED, NCI (India) Pvt. Ltd.; Jagjit Singh Majha, MD & CEO, PCL Group
and president, CREDIA, and Karanbir Singh, consultant prosthetist and
orthootist, Deep Artificial Limb Centre.
Anil Khaitan said that the
ASSOCHAM Elevator Pitch event continues to showcase best startups from across
different cities in India, proving ASSOCHAM’s dedication towards
highlighting most forward-thinking innovators/budding entrepreneurs.
He added that we are
thrilled to offer recognition to each of the winners from Chandigarh as they
continue their journey towards evoking change within our society and country as
a whole to further propel our economy on a high growth trajectory.
Anil Khaitan further said
that the ASSOCHAM ‘Startup Elevator Pitch Series,’ is to be held in 12 cities,
while three winners have been selected each from Jaipur, Lucknow, Pune and now
Chandigarh, after this brief stopover we now on move to Jammu where top
startups will vie for the winner's slot on October 30.
The ASSOCHAM Startup
Launchpad is giving the budding startups in tier II and III cities of India an
access to industry experts who can give them the guidance they need on
business, product, marketing and also connect them with right people that can
help with funding process and proper guidance on how to setup business case for
funding.
The program both
complements and supports Prime Minister Narendra Modi’s flagship initiative of
‘Startup India,’ thereby supporting the spurring entrepreneurship ecosystem of
the country. It incorporates mentorship and guidance from industry’s best
leaders together with co-working space for all selected startups for a period
of three months with no cost. Each of the startups making it would get three
meetings with investors and a chance to pitch directly to them.
There would be Google
Cloud vouchers available, besides it will provide a direct entry into the
accelerator programme with IncubateIND, India’s fastest growing technology
community network.
36 finalists (3 each to
be selected from 12 cities) are expected to present their ideas at the grand
finale in February 2020 in Delhi, of which the top three will be selected.
There are prizes worth Rs 1.5 Cr to be won. While top five startups will get
$5000 each from AWS (Amazon Web Service), next 15 startups will get $2000 and
the next 80 will get $1000 worth credits.
PayTM being a partner
will provide payment gateway boosters i.e. INR one lakh of free payment gateway
transactions for 12 months to top 3 startups in each city. Offering $2500
credit for Superb Cloud to all startups. Cloud telephony solutions worth INR
28,500 to all associated startups of growth centers, at zero-cost for 6 months.
The setup includes - Virtual business number + customized IVR solution; Call
tracking, recording & monitoring and Dedicated account manager for your
support, and more. Besides, access to free Incubation Centre at NDIM (New Delhi
Institute of Management) will also be provided.
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