It indeed takes a build what you dream, and
IIT Delhi believes in rewarding those risk takers.
Building India Inc is an annual flagship event by
Department of Management Studies (DMS) at IIT Delhi. The business plan competition at Building India is called
Aarambh.
Some of the prizes at Aarambh were AWS credits to top 21 finalists; mentorship by IIT mentors to the top 6 finalists; benefits worth a million dollars from F6S alpha card to the winning team; cash prizes worth 50,000 to the winning and runners up team and coworking space opportunity from 91springboard.
The winning team – the smart textile makersYatee Gupta and Abhishek Sahgal are cofounders of SmarTees Innovations, The winner of this year’s Aarambh. This is what Yatee said when we caught up with him.
“Our Team is "SmarTees Innovations". The team currently consists of 6 members with founders from IIT Delhi working for the last 1.5 years on developing a high-end product with a unique amalgamation of technology and art.
We are a manufacturer of smart textiles in India. Our aim is to rejuvenate the textile industry of India by incorporating the cutting edge technologies with the contemporary knowledge and create huge employment opportunities.
We are quite excited to win this prestigious competition. Getting recognition, mentorship and credibility from a reputed management institute like DMS is truly encouraging. In the entrepreneurship journey, it feels incredible to see support from people who also share the same vision and dream like us.”
Only the top six finalists presented their business plans at Aarambh held at IIT Delhi over the Easter weekend. The runner up was a team called Torch – It.
The deserving participants even attracted interest from VCs and angels on Aarambh’s judges’ panel.
Dipika Agarwal an organizer of Building India Inc., said Aarambh is about recognizing the individuals who have the drive to innovate, experiment, lead and inspire. The budding entrepreneurs, those who believe in contributing towards the Indian economy.
New and impacting business ideas are an impetus to a growing country marred by economic slowdowns. These ideas become more imperative for a developing country, like India. Where there are challenges, lie opportunities. It takes a lot to build what you dream. Aarambh 2017 was also partnered by
AWS,
Excubator,
F6S,
DesiredWings,
Startup Grind,
SAESIF,
Quarizon,
Excube360 and
91springboard
BW Reporters
Regina is a reporter for BW Businessworld. In her previous assignments, she has worked with Independent television Network as a news anchor and reporter in Sri Lanka
