Dynamic Startup 1.0 event held successfully, three viable biz ideas selected
Imphal, Oct 11, 2015:
Dynamic Startup 1.0 event on October 10-11, 2015
Aspiring entrepreneurs who came up with the business ideas - Taret Foods, Kangla Incense and Sangbrei Hairoil won the top three positions of Dr Amuchou Soraisham Aspiring Entrepreneur Award in the Dynamic startup event held at MIMS Manipur University on Sunday. The top three toppers were awarded a cash prize of Rs 5000, Rs 4000 and Rs 3000 plus mementos.
The selected budding entrepreneurs will also be provided with facilities like guaranteed Private Investments for Validated Business Ideas, 6 Months Business Mentoring at the Incubation Center managed by GLOBIZS and WOL media and 12 Ads Credits from Manipur Times when their product is ready to go out to the market.
The StartUp event is organized with support from the sponsoring Partners like Marina Spring, Shija Hospitals, Babina Diagnostics, FRANCHISE India, Hotel Classic, Imphal, Globizs Web Solutions, Manipur Creations, HVS Constructions Materials Pvt. Ltd with a view to boosting up the aspiring local entrepreneurs as well as help validating their business ideas by using the scientific tools like Business Canvas, Lean Canvas, Javelin Board etc.
Such an event simulates the real life experience of being an entrepreneur and its business process so that the entrepreneurs can gain maximum learning about his or her business idea. The overall objective of such an event is to reduce the risk of business failure, shorten the timeline of idea to market, scale up the business through private funding.
Dynamic Manipur in association with MIMS, MU, Globizs and WOL Media organized the first episode of “Dynamic Startup” on October 10-11, 2014 at MIMS, MU after conducting two Lean Startup Workshops in the months of March and May, 2015 earlier.
As panel of jury, Dr Dhabali Thangjam (Chairman, Babina Healthcare & Hospitalities Pvt Ltd), Koijam Vasunraz (MD, Manipur Creations) and Hanjabam Shubra Devi (MD, Meira Foods) judged the biz ideas presented by the aspiring entrepreneurs. Keshorjit Sororkhaibam (faculty, MIMS, MU) Roshni Kumar Yambem (MD, Globizs Web Solutions Pvt Ltd), James Mayengbam (MD, WOL Media) worked as coaches during the two day long startup event.
As endorsing partners, MIMS, Manipur University, Korea Manipuri Association (KMA), North American Manipur Association (NAMA), Green Biotech, Likla - Thangjam Agro Industries Pvt. Ltd., Imphal, WiseWorld Immigration and Education Consultants, Toronto, Canada extended support in successful conduct of the event while WOL Media, Siroi Offset Printers, Thoubal, Globizs Web Solutions, E-pao.net, Impact TV, Manipur Times, The Peoples’ Chronicle as Advertising, Printing, Technology & Media Partners.
On the second day of the event, eight aspiring entrepreneurs competed with presentation of their business ideas. On first day of the event, Dr. Keshorjit Sororkhaibam (faculty, MIMS, MU) elaborated as to why Dynamic Manipur organized such startup event, which was followed 10 mins talk of James Mayengbam (MD, WOL Media) explaining the process to be followed in 1st and 2nd day of the event. He also mentioned about the business monitoring and consulting services to be provided at the Incubation center.
Later, Roshni Kumar Yambem (MD, Globizs Web Solutions Pvt Ltd) has provided a recap of Lean Startup methodology and its importance in particular for starting up a new business. Ten business ideas with 20 participants competed on the first day. There were discussions on problem identification, business assumptions and how to conduct a meaningful customer survey. The teams were sent out the field for survey. Customer feedback analysis and mentoring activities were conducted in the presence of the coaches.
On second day, the teams conducted second round of survey and came back to the base by 12:30 pm, which was followed by analysis, presentation preparation in the same format for each teams with the advice from the coaches. Finally on this final day of the event, top three business ideas were judged by jury members based on the performance of the presentation and Q&As.
Dr. N. Jiten Singh,
Chief Coordinator, Dynamic Manipur
* This Press Relese was sent to e-pao.net by Dynamic Manipur who can be contacted at dynamic(doT)manipur(aT)gmail(doT)com
This Press Release was posted on October 12 2015
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