Early Times Report
Jammu, Oct 30: The Jammu round of ASSOCHAM Launchpad - Startup Elevator Pitch Series, an initiative and platform for budding entrepreneurs concluded today thereby calling all startups and entrepreneurs from Jammu and Kashmir (J&K) region to bring their technology and business ideas to the most important investors, corporates and industry leaders.
Anil Khaitan, Chairman, ASSOCHAM Startup Council said, "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."
Of over 80 applications received by ASSOCHAM from across J&K, 25 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 participants were 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 J&K will now be invited for grand finale in February 2020 in Delhi.
Khaitan added, "We are thrilled to offer recognition to each of the winners from Jammu and Srinagar 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."
As part of the Elevator Pitch all 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; Tripti Somani, Co-Chairman, ASSOCHAM Startup Council; Rachana Bhusari, VP-SME, National Stock Exchange of India Ltd. and Manik Batra, Director, Batra Group.
All the applications received were evaluated on the basis of certain parameters including - innovation, problem solving, social impact, team qualification, experience, business scalability, profitability and others. Budding startups from different sectors were invited for pitching.
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.
Khaitan further said, "The ASSOCHAM 'Startup Elevator Pitch Series,' is to be held in 12 cities, while three winners have been selected each from Jaipur, Lucknow, Pune, Chandigarh and Jammu, we now on move to Goa where top startups will vie for the winner's slot on November 8,"
Tripti Somani, who is also CEO, KGS Advisors and knowledge partner for ASSOCHAM Startup Launchpad said, "We at KGS are happy to offer the top three from every city with financial and compliance advisory services and would love to be part of their service to the nation." |
