2017-18 so far... | |||||
STARTUP INITIATIVE | |||||
Creative thinking inspires ideas. Ideas inspire change - Barbara Januszkiewicz |
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To generate such ideas and extract ideas from the students of SDMIMD a Curtain Raiser on Start Up Support Initiative was organised by Silicon Rd Initiative (P) Ltd. with the help of Swayam. The students of SDMIMD was briefed by Mr Sid Mukherjee, CEO of Silicone Rd and Mr Sanjay Srinivasmurthy, Director, Silver Sprit Global LLC. This opened huge door for the aspiring entrepreneurs of SDMIMD through the incubator that is being set up with our institution being one of the partners. The speakers gave an insight on how the incubator program, accelerator and the network that is linked to Silicon Rd (P) Ltd and the timeline of the application process. After 5 years since inception of E-Cell in SDMIMD, this is a huge step with the corporate that has taken place. DETAILED DOCUMENTAION BELOW Mr. Sid Mookerji graduated from BITS Pilani and went on to become an entrepreneur quite early in his career. He called himself as a recovering entrepreneur who had tasted failure and rejections initially. He started a company that had a large employee base and had made fourteen acquisitions. He said that SDMIMD, Mysore has given the right platform by inculcating entrepreneurship into its formal course and managing a committee to foster ideas and thoughts of its students. He highlighted that being an entrepreneur will be a hard journey with tough challenges. In this background he gave statistics of how many startups stand the test of time and thrive in this fiercely competitive world. Around 3% of enterprises started make it till five years, he added. Mr. Mookerji said incompetence and lack of management skills are the two main reasons for an enterprise to fail.
Mr. Mookerji introduced Silicon Rd initiative and elucidated its objectives. He said its an attempt to enable startups in the connected world. The company will select the best ideas and help them flourish by supporting them in their incubation centre. This would follow a three-step procedure, accelerate, incubate and co- work. He said that that the whole procedure will be classified into four stages of growth, pre-seed, seed, venture and exit. Through these stages the startup idea is taken from the level of inception to be an independent enterprise. Mr. Sanjay concluded by explaining the procedures in detail and conveying how it all works. |
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Startup Charcha 2018
Naissance 2018
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