Kashipur | February 27, 2023: IIM Kashipur FIED (Foundation for Innovation and Entrepreneurship Development) makes its mark with extravaganza 7th edition of Uttishtha 2023 – Annual entrepreneurship Summit. This initiative supported by Ministry of Agriculture and Farmers Welfare, Government of India, aims to bring socio-economic value in the Uttarakhand’s entrepreneur system by enabling the raw entrepreneurs to see big dreams. This Unique and successful initiative of IIM Kashipur is getting eyeballs in India as the 2023 season has listed over 100 startups and nearly 20 VCs are keen on investing. Day 2 of Uttishthan 2023 witnessed the Investors Meet and Entrepreneur’s Conclave.
Prof Kulbhushan Balooni, Director, IIM Kashipur said, “IIM Kashipur’s FIED platform has gone to a big level especially the ‘Uttishtha’. We are creating socio-economic impact in the home state by promoting the entrepreneurship with the support of state and central government. FIED team has incubated 140+ startups and out of these about 50 startups have crossed the Rs. 320 Cr mark with 1200+ employment generation. We have identified the right talent of entrepreneurs and provided them the 360* support for creating successful case studies.”
During the pitch sessions, Uttarakhand based startups made presentations to the VCs and the enthusiasm was remarkable. HimMadhu, AI-MRI, MyPahadiDukan, TheFitBread, FLAAR, Vikalp Herbals, GeeComIndia, PahariHaat, SuperFarmers, and many more presented marvelous business ideas that impressed the investors and other stakeholders. Investors such as PinCap, FitSol Supply Chain Solutions, HBF Limited, GSF Accelerators, Omnivore and Venture Capitalists were surprised looking the startup ideas and efforts made by the founders to scale up. About 5+ Crores of investments made by VCs committing the LOIs on the spot to the startup founders.
Prof. Safal Batra, Director of FIED (Foundation for Innovation and Entrepreneurship Development) said, “The 7th edition of Uttishthan has taken the big leap by generating the interests of some significant investors. Our constant efforts, passion, perseverance and willingness to take risks and empower entrepreneurs has really made this event bigger in the Uttarakhand state. IIM Kashipur stands tall nationally by hosting such platform in the Uttarakhand state. We have seen incubators going in exterior and remotest places in the state to identify the entrepreneurs with unique business ideas who can represent the future of Indian Business.”
Eminent Startup dignitaries remained present at the inaugural session of Entrepreneur’s Conclave. Rajat Jain, Founder of Sunfox; Nitin Jain, Co-Founder of OFBUSINESS; Anubhav Dubey, Founder of Chai Sutta Bar delivered keynote address and motivated the startup participants. A thoughtful panel discussion on – ‘How an Ecosystem can be Created in Uttarakhand State’ made the conclave more interesting with different viewpoints of marquee startups founders such as Subhadeep Sanyal of Omnivore, Monika Pandey of YourNest, Sachin Sheron of HBF Direct, Manish Srivastava of Alphavalue.
Focusing on Agri Mela (Startup Expo), the Directorate Industries Shri SC Nautiyal said, “I congratulate to the IIM Kashipur FIED for making difference in the state’s entrepreneurship journey. Entrepreneurship in Agriculture can surely bring the paradigm shift for the Uttarakhand.” Also, Satish Kaushik, GM of NABARD expressed his gratitude towards the startups on establishing connect with FPOs for bringing the larger marketplace to them.
The 2nd day of the event featured a series of panel discussions, keynote speeches, and workshops. Eminent industry leaders from various sectors and investors and new startups brought in the good networking possibilities for the mutual growth together.
