IIM Lucknow Launches 'Start-up Showcase' for Entrepreneurs

IIM Lucknow Launches 'Start-up Showcase' for Entrepreneurs
IIM Lucknow to Provide Funding Upto $ 200,000 for Existing Start-Ups
Last Date for Submission of Executive Summary: December 20, 2007

Do you believe that your new venture has the capability to succeed but wondered how you will manage the much needed funds to give it a boost? Here is an unique opportunity for you in IIM Lucknow 'Start-up Showcase' where both embryonic and established entrepreneurs

dreaming to make it big will be given a platform to pitch their business plans before our partners and angel investors and secure funding to the tune of $ 200,000, if found creditable enough. Participation in this event is not limited to the management students but invites common public as well to present their existing businesses to venture capitalists, angel investors and individuals who are in quest of great businesses to provide funding. This kind of an event is being held in North India for the first time.

This initiative is taken by Abhiyan, the Entrepreneurship Club of IIM Lucknow, which aims to promote an entrepreneurship culture in India. Born in 1999, Abhiyan has developed a good network of valuable mentors around the world, including successful entrepreneurs, venture capitalists, and professionals. Personalities such as Neomagic Corp CEO Mr. Prakesh Agarwal, Walden India Director Mr. Sudhir Sethi, Decide.com CEO Mr. Prasad Roy and Ecode CEO Mr. Rohit Chandra. Sun Microsystems Director Mr. Deepak Bhagat, and the JumpStartUp Managing Director, Mr. Sanjay Anandram, have already been on its board of advisors.

Abhiyan, in association with Seedfund, NEA-IndoUS Ventures, GEN, TiE and Baring Private Equity Partners, is organizing this event which is a part of Nirvaan 2008, the Entrepreneurship Summit. Nirvaan, with a presence of personalities such as Mr. Sanjeev Bikhchandani (Naukri.com), Mr. Anand Lunia (Seedfund), Mr. Rohit Agarwal (Techtribe) is an excellent opportunity for students and budding entrepreneurs to also secure mentoring on their business plans from India's best entrepreneurs. Seedfund, the leading associate of NIRVAAN 2008, is a venture capitalist fund that has evolved according to the Indian business climate. It can invest amounts as low as Rs. 1 to 5 crores in a business, making it the India's smallest, but most beautiful VC fund - a dream for entrepreneurs.

Nirvaan, on the other hand, is also an excellent opportunity for venture capitalists and private equity firms to find exciting new business ideas and fund them. The success of Nirvaan can be mapped by the fact that the 2005 winner Mr. Prakash Mundh founded a successful company Sacred Moments. The company producing 'Blessingz', a puja-kit, with the funding provided by IIM-L, saw sales to the tune of Rs. 34 Lacs in less than 6 months. If you are looking forward to be the next hero of IIM Lucknow, then tighten your belts and submit the executive summary of your existing business at abhiyan.iiml@gmail.com by 20th December 2007.

Contact Details

For more details about the event, check the website at: -
URL: http://abhiyaniiml.com
In case of any clarification, you can contact: -
Nilesh Trivedi,
Co-ordinator - Nirvaan,
E-mail: abhiyan@iiml.ac.in

Concluded.