JK Lakshmipat University launches Rajasthan’s First Internal Crowdfunding Platform

30+ Startup Founders and Aspirants Pitch Products and Services to Investors. Startup Pioneers Share Insights on Investment, Team Building, and Market Navigation. CHROs from Diverse Sectors, Shark Tank India-funded and Google-awarded Startups, and Soonicorns Participate.

JK Lakshmipat University (JKLU) successfully concluded its inaugural Startup Summit. The event, held in collaboration with the Atal Incubation Centre (AIC-JKLU) and the National Human Resource Development Network (NHRDN), marked a significant milestone in Rajasthan's entrepreneurial landscape.

Themed "The Resilient Startup Ecosystem in India: Unlocking the True Potential," the summit attracted leading CHROs from diverse sectors, along with representatives from Shark Tank India-funded and Google-awarded startups, and Soonicorns. The event witnessed the introduction of Rajasthan's pioneering instant internal crowd-funding initiative, enabling startups to pitch directly to investors on the spot. Complementing this innovative approach, a vibrant Startup Expo was also curated, featuring over 30 forward-thinking startups and passionate enthusiasts showcasing their diverse range of products and services.

Entrepreneurial prowess of 10 JKLU BBA Entrepreneurship students

The Startup Summit’s CrowdVenture also showcased the entrepreneurial prowess of 10 BBA Entrepreneurship students from JKLU, who presented their startup pitches. Esteemed investors and special guests, including Abhishek Gupta, Raghav Sharma, Shilpi Dua, Puneet Datta, and Amit Singal, evaluated the potential of these ventures. The startups covered a diverse range of industries, from cafe services (Wor-k-lock) to event decor (Decorent), 3D-printed gaming accessories (Majestic Gaming), gardening services (The Maali Project), candle making (Gleam), perfume manufacturing (Aromoze), upcycled clothing (Modeva), herbal cigarettes (Herbal Kaash), performance tracking for bowlers (Track It), and medicine purchase for visually impaired (RX NTC). All student-led startups secured seed funding, marking a promising start to their entrepreneurial journey.

Speaking on the occasion, Professor Dheeraj Sanghi, Vice-Chancellor of JK Lakshmipat University, extended his gratitude to industry stalwarts, thought leaders, and startup founders for their active participation and presence. “At JKLU, we are keenly aware of the imperative to foster innovation and entrepreneurship among our students, equipping them for the ever-evolving challenges and opportunities of today’s world. This summit provides a valuable platform for students to absorb and implement best practices from distinguished experts in the field," he noted.

Significance of fostering an entrepreneurial mindset

During the Reverse Pitch session, industry HR leaders Dharam Rakshit, Seema Bangia, Mussarat Hussain, and Agniwesh Thakur explored the innovation ecosystem and the significance of fostering an entrepreneurial mindset. They offered valuable insights into idea generation, risk-taking, and effective problem-solving strategies. In the subsequent Panel Discussion, featuring Amit Singal, Shipra Bhutani, and A. Balasubramaniam, the focus shifted to the diverse roles of HR within startups and the key attributes defining successful entrepreneurs. Shipra emphasized the critical aspects of talent acquisition, training, and development, while Amit stressed the importance of market analysis and team building for sustainable growth.

A Fireside Chat featuring Manu Sharma, Co-Founder of the Shark Tank funded startup Gladful and Ankur Lohani Kumar, Co-Founder of Google and SheThePeople awarded startup Find Your Fit was also organized. The discussion delved into their startup journeys, initial investment pitch experiences, navigating different investor types, selecting co-founders, and essential do's and don'ts in the startup realm.

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