IIM Bangalore SummitUp 2024 focused on critical themes such as Tech & DeepTech, Governance, Impact, Funding, and the Gender Lens, drawing over 300 startup founders, industry experts, and entrepreneurship enthusiasts.
SummitUp 2024, organized by NSRCEL at IIM Bangalore, has successfully concluded, delivering vital insights and discussions aimed at shaping the future of entrepreneurship in India. This year’s summit focused on critical themes such as Tech & DeepTech, Governance, Impact, Funding, and the Gender Lens, drawing over 300 startup founders, industry experts, and entrepreneurship enthusiasts.
Launch of the ‘India Incubator Kaleidoscope 2024’ Report
A key highlight of the event was the launch of the ‘India Incubator Kaleidoscope 2024’ report, developed in collaboration with IIT Madras. The report highlights the crucial role of incubators in accelerating startup growth, increasing funding opportunities, and enhancing overall resilience. Notably, it reveals that incubated startups are 2.5 times more likely to secure funding and contribute significantly to job creation and economic growth. This report is expected to impact both policy and practice within the startup landscape.
Emphasizing Innovation and Collaboration
Anand Sri Ganesh, CEO of NSRCEL, emphasized the significance of the summit, stating, “We are thrilled to host the third edition of NSRCEL's SummitUp, a platform that celebrates the innovation and collaboration vital to our startup ecosystem. By empowering startups, we create jobs and invigorate local economies, inspiring future generations. Together, we can turn challenges into opportunities and make a meaningful impact.”
Keynote Addresses from Influential Leaders
The summit kicked off with a keynote from Shri Amitabh Kant, G20 Sherpa and former CEO of NITI Aayog, who stressed the importance of fostering entrepreneurial disruption to address governance and funding challenges on India’s journey to becoming a $30 trillion economy.
Day two featured a keynote by Vipul Parekh, Co-Founder of bigbasket.com. His address, “Founding the Vision: Navigating Milestones, Challenges, and the Journey of Building a Startup,” provided actionable insights on creating customer-centric products and fostering a strong, team-oriented culture essential for startup growth.
Engaging Panel Discussions
Among the engaging discussions was "Cracking the Code: Key Reasons Why VCs Walk Away," led by prominent venture capitalists including Piyush Bansal and Parag Dhol. This session delved into why some startups struggle to secure funding, highlighting the importance of solid business fundamentals and realistic growth models.
Q: Why choose IIM Bangalore executive MBA course?
With an average package of INR 33.07 LPA and an NIRF ranking of 2 for its Management courses, E-MBA from IIMs is considered one of the best choices for working professionals who want to improve their knowledge and education level by pursuing a Management degree. Additionally, IIM Bangalore has seen an improving trend in the average package over the years. In 2022, the average package stood at INR 30.09 LPA and INR 26.08 LPA in 2021.
Q: Are there any exchange programmes in PGP courses at IIM Bangalore?
Students of the two-year PGP in Management have the opportunity to get double degrees by being a part of the Double Degree (DD) programme of IIM Bangalore. During this DD exchange, the selected students study at their home institution in the first academic year and are transferred to the host institution for the second academic year. The institute has collaborated with ESCP Europe Business School (Paris, France), Bocconi University (Milano, Italy) and Hitotsubashi University Business School, School of International Corporate Strategy (Hitotsubashi University, Japan) for the same.
Q: What is it like to study MBA at IIM Bangalore?
IIM Bangalore is known for its MBA or PGP course. The two-year full-time residential programme is designed to equip students to take on leadership roles in a complex and dynamic global scenario. PGP is one of the most highly placed courses in global rankings and is currently ranked 31st in the Financial Times ranking 2022. At the national level, NIRF ranked IIM-B at the second position for Management education. In terms of placements, IIM-B welcomed a total of 137 companies during IIM Bangalore MBA (PGP and PGP Business Analytics) placements 2022 that together imparted over 660 offers. The average package offered during MBA placements 2022 also stood at INR 33.82 LPA. For more details, check out the verified student reviews to know what others say about IIM Bangalore MBA course.
Swadesh Srivastava, CBO of Emerging Mobility BU at Hero MotoCorp, contributed insights on the evolving mobility landscape, emphasizing the increasing demand for hyper-personalization and connectivity among consumers.
Fostering Innovation Through Incubation
The "Ecosystem Evolution: Mastering Incubation for India’s Next Innovation Wave" track provided valuable insights into how incubation is shaping India’s startup ecosystem. Sessions led by experts like Professor Srivardhini K Jha and Professor Thillai Rajan equipped attendees with tools to enhance their incubation programs and drive impactful change.
Masterclasses and Networking Opportunities
SummitUp 2024 featured masterclasses covering a variety of topics, including Product Design for Global Markets and Women Leaders in Indian Entrepreneurship. These sessions, along with extensive networking opportunities, highlighted current challenges and explored ways to leverage them for future growth.
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