ED CELL

Event Name: – InnoVenture: The Startup challenge

Date: 19 November 2024

Timings: 10:00 am onwards

Target Audience: Students (B.COM, BBA, BCA)

Venue: Chanakya seminar hall

Organized by:  Entrepreneurship Development cell (ED CELL)

Faculty Coordinator: Ms. Jyoti Shetty

Student coordinator: Ms. V Sai Pranavi ,Mr Ishan Luwang Pheiroijam

No. of Participants: 20 teams of 2-3 students each

InnoVenture – The Startup Challenge was an engaging event to support and inspire emerging entrepreneurs. Structured into three levels, the competition enabled participants to showcase their entrepreneurial skills, creativity, and strategic thinking. The event featured three rounds: a questionnaire, a SWOT analysis, and a presentation, each offering a unique opportunity for participants to demonstrate their business acumen.

In the first round, the Questionnaire Round, participants were assessed on their understanding of startups and entrepreneurship. They analyzed the bio data of a startup and its entrepreneur, responding to questions and evaluating their ability to identify the startup’s strengths, weaknesses, and market potential. Success in this round required critical thinking and a solid grasp of business fundamentals.

The second round, the SWOT Analysis Round, focused on participants’ capabilities to evaluate their business ideas critically. Each participant completed a SWOT analysis for their proposed idea, identifying the Strengths, Weaknesses, Opportunities, and Threats. This evaluation tested their strategic planning skills and market research abilities.

The final round, the Presentation & Q&A Round, aimed to assess the participants’ presentation and communication skills. Participants presented their startup ideas to a panel of judges using either a PowerPoint presentation or their SWOT sheet from the previous round, with each presentation lasting 5 minutes.

Following the presentations, judges conducted a Q&A session, challenging participants to defend their ideas and demonstrate their knowledge and market insights.

Judging criteria included innovation and creativity, clarity and structure of the presentation, strategic planning, and the ability to defend their ideas during the Q&A session. After evaluating all rounds, the judges selected winners based on the overall strength of their business ideas, the quality of their SWOT analyses, and the effectiveness of their presentations. The winners received recognition for their innovative concepts and prizes for their hard work and potential as future entrepreneurs.

The InnoVenture— Startup Challenge provided aspiring entrepreneurs a valuable platform to refine their skills, showcase their ideas, and receive feedback from experienced judges. The event fostered creativity, critical thinking, and a deep understanding of the entrepreneurial journey, creating an enriching experience for all participants.

Winners:

1st Place: Team 15 – Chethan N_U19KU23S0035_III BCA ‘A’

2nd Place: Team 3 -Gourav Singh _U19KU24S0047_ I BCA ‘A’, Jagdish Das _U19KU24S0058_I BCA ‘A’

3rd Place: Team 4- Bhavesh_U19KU24C0011 _I BCOM ‘A’, Karthik _U19KU24C0040_I BCOM ‘A’, Chirag_U19KU24S0029_I BCA ‘A’

Runner up -1:  Team 8 – Meghana_U19KU22M0056_ V BBA ‘A’, Kushala_U19KU22M0034_V BBA ‘A’

Runner up -2: Team 2 – Tanay Rudra N_U19KU24S0140_ I BCA ‘C’,  Subhoajit_ U19KU24S0132 _ I BCA ‘C’

Runner up 3: Team 16 – Suraj_U19KU22M0008_V BBA ‘A’, Jathin_U19KU22M0058_V BBA ‘A’