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An Inter- Institutional LetStart’s Start-up Pitching Competition was organized by Institution’s Innovation Council (IIC) and Yukti 2.0, Dr B R Ambedkar National Institute of Technology Jalandhar, Punjab, India from 11th August-13th August 2023. A startup pitching competition put startup, early stage, and/or expanding enterprises against one another. The objective of this competition was for participants to create and submit unique ideas or finish their existing business plans, with the top three winning plans receiving prizes. The event, aimed at fostering innovation, nurturing entrepreneurship, and providing a platform for aspiring entrepreneurs.
Over 50 people registered for the event from different institutions, and 30 teams were chosen and invited to speak. The LetStart’s Startup Competition saw participation from a diverse group of students from various academic backgrounds. This diversity of thought and expertise enriched the competition and showcased the breadth of innovation. The competition kicked off with the intense “Elevator Pitch” rounds, where participants succinctly presented their business ideas to a panel of judges. This fast-paced segment showcased the ability of participants to communicate their ideas effectively within a limited timeframe. A total of six teams from Kanya Maha Vidyalaya went to present startup ideas at NIT along with three faculty members on 12 August, 2023. Research X, team form Kanya Maha Vidyalaya also wins the special appreciation award for their idea. Research X focused on opening a research centre for school students that would provide them a dedicated space for hands on learning and experimental training.
Team 4B Solutions from another institute won the first award of Rs. 10,000 for their efforts in the area of shaping vegetables for decorative purposes. Team ICS and Team Wrinkle Free were the first and second runners-up from another institute, receiving Rs. 5,000 each. These events are extremely important in promoting innovation and entrepreneurship throughout the institutes. IIC office holders, additional Institute faculty and staff members were all present for the event.
YUKTI 2.0 proved to be a catalyst for sparking innovation and fostering entrepreneurship. The event’s ability to bring together startup enthusiasts, industry experts, and investors created an environment where ideas flourished. The event’s role in providing a launching pad for promising start-up ideas and fostering a culture of innovation was highlighted through its engaging format and positive participant experiences. Prof. Dr. Atima Sharma Dwivedi, Principal, Kanya Maha Vidyalaya, Jalandhar encouraged students to participate more in such activities.