Young Startups Receive Prize and Support at Rajasthan Startup Fest

Young Startups Receive Prize and Support at Rajasthan Startup Fest

 

Jaipur, 10 October: The high energy two-day Rajasthan Startup Fest came to an end today in Jaipur with the prizes being given for the best student business plan. The prizes were given away by the Chief Secretary, Mr. C S Rajan. The Principal Secretary, Industries, Ms. Veenu Gupta and Chief General Manager, Mr. Anil Sharma were also present on the occasion.

The first prize of Rs. 50,000 was won by LMNIT, Jaipur (Kaustubh Khandelwal, Gaurav Singhal, Ayush Gupta and Avinash Jha) who presented their startup idea ‘Authentic – a SaaS based concept for securing online user profiles’. The second prize of Rs. 30,000 went to BITS, Pilani (Arpit Gupta, Naman Singhal, Rohan Singh and Aman Varma) who presented their pitch on ‘Flame Systems – Smart Inventory Management Solution’. The third prize of Rs. 20,000 was shared between BITS, Pilani (Pranav Kulkarni), who presented his startup idea ‘Review Rate – a website which aggregates product reviews and generates meaningful insights from them’ and IIM – Shillong (Ishan Pasrija and Cheena Pasrija) who presented their ‘Apna Chotu – which will be a bridge between villages and the opportunities present in the cities nearby, using a hyper-localised ecommerce model coupled with collaborative consumption’. All three winners will also get co-working space from Startup Oasis for 3 months and web hosting credits of 1000 USD from Amazon Web Services.

On the occasion, Chief Operating Officer, Startup Oasis, Mr. Chintan Bakshi said that out of 27 startup ideas, at least 18 have evinced serious interest for funding. For the Student Business Plan Competition – Ideate – as many as 50 colleges were invited throughout the North India, with 270 teams participating.

It is to be recalled that the national-level two-day fest was organized by Rajasthan State Industrial Development and Investment Corporation (RIICO) along with Rajasthan’s leading incubation center, Startup Oasis as a co-organizer. CIIE at IIM Ahmedabad also joined hands as knowledge partner for the event.