Startup Imphal event begins at MIMS
Risk taking, a must for all entrepreneurs : Dr Dhaballi
Source: Hueiyen News Service

Imphal, November 08 2014 : Startup Weekend Imphal, an event that promotes 54-hour events around the world where developers, designers, marketers, startup enthusiasts and others come together to share ideas, form teams, build products and create new businesses kick started at MIMS, MU.

The event, first of its kind in entire North East States, is organized by the outreach partners NIBIAA Consultancy, Dynamic Manipur and MIMS, MU with members from San Francisco, South Korea, Delhi and Manipur under the sponsorship of Reliable Hydrotech (Brand:Marina Spring), Loktak Industries (Brand: Silver Dew), Babina Diagnostics, The Hotel Classic and NASSCOM with Manipur Times, The Peoples' Chronicle, E-pao, Manipur Mail and Impact TV as Media partners.

Dr.Dhabali Thangjam, Chairman, BABINA Healthcare & Hospitality Industries Pvt.

Ltd, motivated the aspiring young entrepreneurs by recalling the hardships he experienced during his entrepreneurship journey.

Risk taking is a must for all the entrepreneurs.

Every entrepreneur has to prepare for the worst moment.

An entrepreneur is, sometimes, expected to face severe bankruptcy in his journey.

However, he has to face such challenges instead of giving in, he said.

Problems such as law and order, extortions, frequent Bandhs, lack of infrastructure and good connectivity, Market limitation and market competition are some of the hindrances every entrepreneur in the state faces.

Among these problems, 'Extortion' is the main hindrance that discourages the spirit of the entrepreneurs, Dr.Dhaballi maintained.

Gautam Thokchom, Partner of Tie Launch Pad, USA, while sharing his inspirational talk to the gathering, said that entrepreneurship is an absolute freedom what a man wants whatever he wants to do.

It is not about dreaming but to act.

Entrepreneurs should not be considered as people who are earning money for themselves, but as people who are contributing to the society by providing employment to many jobless, he said while lauding Dr Dhaballi for his bold initiative as an entrepreneur contributing to the industrially backward state.

Several aspiring entrepreneurs from various college and Institutes including MIMS, NIT Manipur attended the startup event wherein each of them presented their business ideas.

Milk Industry, food processing industry, fish farming, launching of Matrimonial website, juice manufacturing industry etc are some of the business ideas they pitched during the event.

Bethun Bhowmik, Regional Manager, South Asia at UP Global facilitated the event.

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