Manipal, Apr 18: The first Manipal Entrepreneurship Summit was held at the Manipal Institute of Technology Library auditorium on Saturday with eleven entrepreneurs, most of them alumni of the University, taking part in the day
long meeting. The event was organized by Manipal University Alumni Relations for the benefit of students keen to venture out into their own businesses.&nbs...
Manipal, Apr 18: The first Manipal Entrepreneurship Summit was held at the Manipal Institute of Technology Library auditorium on Saturday with eleven entrepreneurs, most of them alumni of the University, taking part in the day-long meeting. The event was organized by Manipal University Alumni Relations for the benefit of students keen to venture out into their own businesses.
Most of the panelists were alumni of MIT and they shared their experiences of the journey to success after graduating from the institute here, which was what the students were keen to hear and know. With start-ups being the in thing today, the Summit was very useful for the students.
The panelists were: T Gautham S Pai, Director MMNL; T Sachin Pai, Managing Director of Best Sellers Apparels; Ketan Mehta, Director of Ecosense Labs Pvt Ltd; Sudhir Shetty; Founder of Kirthi Constructions; Gopal Krishna, CEO Global 3D Labs; Jeetendra Nayak, Founder of Minar Automotors; Vijay Raghav Varda, CEO of Fracktal Works; Sarthak Paul, CEO of Mean Metal Motors; Venugopal Ramakrishna, Director of Poseidon Solar; Kartik Mandeville, Director of Spring Role and angel investor; G Ram Chaitanya Reddy, Chairman of ATFPL.
Manipal University has produced a plethora of illustrious and highly acclaimed entrepreneurs. The reason behind this is the conducive environment provided by the University for its students with world class amenities and opportunities such as MUTBI and Innovation Centre. The concept for the Summit is the brainchild of Dr. H. Vinod Bhat the Vice Chancellor who considers entrepreneurship as one of the key pillars of his visionary plan. And in MIT the driving force is its Director, Dr. G.K Prabhu.
To illustrate the various aspects of entrepreneurship, five panels were formed to emphasize on one specific topic each. The topics of discussion included “Employment v/s Entrepreneurship”, “Start-up Essentials”, “Funding, & Product Delivery”, “Marketing, customer Retention”, “Dilemma of sell or retain” and a final competition, Elevator Pitch”. Every discussion increased the entrepreneur quotient within each student present.
The panel discussions were wit and humor infused, with each person on the panel sharing his story of establishing a start-up. They spoke of their experiences with anecdotes, stories of inspiration, out of the blue opportunities, relentless perseverance, repeated failures, and how all these together culminated in success. The joy of creating something new should be their fuel, and students should look past materialistic milestones in order to create that “perfect product”. The Q&A session was filled with questions from the ever curious and enthusiastic crowd, which were answered with great care by the panelists.
The event plunged into both the technical and financial aspects. Specific emphasis was given on whether to sketch out a Plan A and Plan B, Higher education before start-ups, following gut instincts, Quality of production, and various do’s and don’ts of the start-up industry. The panel discussion gave the immensely important idea about the monetary aspects of a start-up, and made the students aware about how to look for investors, convince them, and always take informed decisions. For a more authentic perspective on this topic, angel investor G Ram Chaitanya Reddy guided the students through the various vistas of the financial basics of today’s world. Director Alumni Relations, Mr Prasanna Kailaje said that this was the beginning and the students can look forward to many more such summits where they can get to know more about start-ups.