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IIT Kharagpur’s Annual Global Business Model Competition finals conducted in Kolkata

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Kolkata | February | 06, 2018 :: This year, Entrepreneurship Cell IIT Kharagpur, under the aegis of Rajendra Mishra School of Engineering Entrepreneurship are proud to present Empresario 2018 in association with the prestigious International Business Model Competition (IBMC) which is co-hosted by Stanford, Harvard and Brigham University. Empresario is the official qualifier to IBMC from India. The best entries in all categories will get a sponsored trip & direct entry in the quarter-finals of IBMC 2018, which will be conducted abroad. ((Visit www.ecell-iitkgp.org/empresariofor more details).

The shortlisted entries are provided immense help in terms of mentorship and the winners also get a much sought after chance to pitch their ideas in front of some of India’s biggest VCs and investors. Empresario participants are mentored and supported by organisations like TiE,NEN(National Entrepreneurship Network) etc. Startup Services like legal advice, taxation, financial, technical aspects of running a startup, co-working space, HR needs, incubation opportunities, etc. are provided. Empresario accepts business ideas in all fields which include Product and Service, Product Design and Social categories. Each of the entries get equal opportunity to win the prize of INR 25 Lakhs and incubation money to the tune of INR 2.5 crore. Previously, Empresario has been launched in association with Calcutta Angels, Villgro, Indian angel Network and many more.
This year there were two track of Empresario namely Social and Products & Services. There were a total of 10 judges for both the tracks, including name like Mr. Sushanto Mitra, Co-Founder and CEO of Lead Angels, Ms. Nidhi Saraf, Co-founder and CEO of Key Venutres and Mr. Subhadeep Sanyal , Principal at Omnivore Partners.

The Finals of Empresario were held on the second day of GES 2k18. Overall the event was a learning experience for all the start-ups who had come participate. The winners of Empresario were GnomikX of Products and Services Track and Project Viraasat of Social Track. The teams had a very good session of pitching infornt of investors and learnt a lot.

We conduct our flagship event – Global Entrepreneurship Summit (GES), the largest collegiate entrepreneurial summit in India every year in January. This edition of GES is blessed with inspiring people like Mr. Gulzar Azad (Country Head- Connectivity, Google India) Prof. Michael Friebe (Endowed Professor, Otto-Von-Guericke University, Germany) , Mr. Arijit Ray(Founder,Paperboat Brandworks) and Mr. Parag Shah (Chief Mentor, MIDAS India ). We also have the pleasure to host Biswa Kalyan Rath.

The main aim of Global Entrepreneurship Summit is to promote the startup culture in India, by bringing startups, students and successful entrepreneurs on same platform. GES brings you talks and lectures by personalities that have experienced pros and cons of starting up and has emerged as masters on innovation and creativity. E-cell, IIT Kharagpur brings you a sneak peek into the future technologies with National Product Expo on February 2nd, 2018.

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