The Below story in less no ordinary since it inspires one to be an entrepreneur and how to be on self , well this is what a corporate India is heading to and none the less RK Patil CEO of Belgaum based Vyavya Labs has already taken th lead
BANGALORE: With the wait for jobs getting longer, the number of B-school graduates turning to start-ups is also increasing. A first-year student at
IIM Bangalore launched a start-up called NextGen this year which deals in clean technology. NextGen recently bagged clean technology projects from the ministry of renewable energy and Yes Bank and companies like Intel, Infosys, MindTree, and now boasts of presence in Singapore and Portugal.
“There is a lot of pressure on companies to go green and reduce the carbon footprint. We are now working on a biogas plant based on food wastes to produce fuel. IISc is helping us in this and we are setting up a pilot project in BITS Pilani and on the Intel campus,” said the 22-year-old student. “Although the primary objective is to make money, there is also the need to create sustainable sources of energy for rural areas.”
Eximus, an entrepreneurship summit held in IIM Bangalore which focussed on start-ups this year, saw around 1,500 registrations. Some 300 IIM students applied for business plans and some 25 venture capitalists showed interest to participate. Close to 120 IIM students applied to get live projects from start-ups, said Sabyasachi Senapati, senior co-ordinator, Entrepreneurship and Innovation Cell, and an IIM-B student.
Start-ups like 8KMiles are willing to give live projects dealing in cost-effective and secure outsourcing of software done online to prospective entrepreneurs while Justbooks, which promotes e-books, is willing to award projects to understand the impact of digitisation of music and film industry and draw parallels to digitisation of books.
Similarly, projects from Vyavya Labs, headquartered in Belgaum, touch on engineering services and how to take semiconductor and embedded software products to the market in a short time. Lawrence Dale, based in Ooty, offers expertise on ways to optimise real estate space and farms to increase cash flow.
First-year IIM-B student Abhinav Jain, 24, is one of the students attending an interview to get the live project as he wants to launch a start-up in the technology space. “The idea is to understand how start-ups work, know the challenges and how to interact with potential clients,” said Mr Jain. Kanchan Mishra, 24, another first-year IIM-B student is also interested to get hooked to start-ups.
“Students want live projects. Crederety, an identity and credentials verification service start-up incubated in Wharton Business School, will award live projects to students on the market entry strategy for the Indian market,” she said.
“This clearly indicates that there is growing interest in start-ups. The Eximus programme is a students’ initiative,” said A Suryanarayanan, COO, NS Raghavan Centre of Entrepreneurial Learning. “To start an entrepreneurial journey, all you need is an idea,” Kiran Mazumdar Shaw, founder and CMD of Biocon said while addressing entrepreneurs at IIM-B.