Innovation Mission Punjab Offers INR 1 Lakh To Startups
Innovation Mission Punjab, a private-public partnership that aims to build, empower and act as a catalyst for local startup communities in Punjab, conducted its first Bootcamp at Kalkat Bhawan Mohali. The Bootcamp was organised to enable the entrepreneurs in creating a solid business plan, communicate, and synergize to create opportunities for further growth.
IMPunjab Bootcamp is a two-day training for prototype/product stage startups to build their capacity and nudge them to start thinking about a startup's various functions which include costs, technology, revenues, partners, operations, supply chain, customer relations and numerous other basics of business.
A cohort of 20 startups participated in the workshop. At the end of the event, the Top 2 entrepreneurs won the pitch round Ayush from Rooms Vital and Rishov from Myra Healthcare were awarded total prize money of INR One Lakh.
Concerning the initiative, Somveer Anand, CEO and Mission Director, IMPunjab said, “The entrepreneurs of the Punjab region come up with some of the most brilliant ideas, however, the challenge is to convert an idea into a business opportunity and eventually a startup. IMPunjab organized this Bootcamp to help entrepreneurs understand the several functions of a startup such as marketing, finance, sales, revenues, value proposition, partners and resources along with its practical use cases.”
The pitching session also helped the startups on how to approach the ecosystem and get investment ready.
