Every business needs proper guidance from someone who can help them grow and funding. Jamnalal Bajaj Institute of Management Studies led TIIPS Incubation is a platform conducted to help budding startups meet the right mentors and get a chance at funding. The second edition of TIIPS Incubation was held on 19th February 2022 at JBIMS- Jamnalal Bajaj Institute of Management Studies. This event was organized by JBIMS in association with Touchwood Advisory and Management.
An inspiring opening note by the Director of JBIMS
The event witnessed a lot of dignitaries and enthusiastic startups; it was kick-started by an opening note by Dr. Srinivasan .R Iyengar, Director of JBIMS. He warmly welcomed the mentors, investors, startups, and everyone attending the event online. Starting with a short story, he inspired everyone present in the room. The purpose of TIIPS is to bridge this gap between budding entrepreneurs and good mentors. He summed up by addressing that over 250 students of JBIMS were attending the event online and has set this event with the sole purpose of helping the startups.
Ms. Shradha Sharma, founder, and CEO of YourStory joined the conversation through Zoom and everyone at the event was glad to know that it was her birthday. We wished her a very happy birthday and then she continued to share an inspiring message that no matter which background you come from, it is important that you work on skills that let you live a happy and fearless life.
JBIMS led TIIPS startup event’s Investors and Mentors
The second edition saw the participation of investors who brainstormed in order to help the startups. The panel of investors includes Mr. Soham Avlani (Angel Investor) from the team of Dr. Apoorva Sharma (Co-Founder of Venture Catalysts and 9Unicorn), Mr. Vikrant Potnis (founder of FundEnable and IAVC), Mr. Uday Wankawala (CEO of Atal Incubation), Mr. Aditya Pathak (Associate Partner of Product10x), and Mr. Farzan Ghadially (Senator India, World Business Angels Investment Forum). Manish Kumar (Vice-President and Zonal Head HDFC Bank) was also present at this event as an investor.
Another very important part that TIIPS focused on is to involve mentors that add value to the event. To live up to this, the panel of mentors included Mr. Vishal Agarwal, Managing Director- India of Santa Fe Relocation. This also includes Mr. Arun Sehgal, Principal Consultant of The Winning Edge, Mrs. Chhaya Sehgal, Founder, and CEO of The Winning Edge, and Dr. Sarika Mahajan, Assistant Professor at JBIMS. The panel also included Mr. Pradeep Pinto- CEO Middle East of Adsync Advertising LLC and Karan Thacker, Managing Director-HT Foods and Alumni of JBIMS.
The hosts of the event were Dr. Srinivasan .R Iyengar, Director of JBIMS, Mr. Ganesh Gokhale, Founder of Touchwood Advisory and Management and Mr. Shubh Bansal, Serial Entrepreneur, running ventures into Tech & Media space, Co-founder of Neta G and advisory to multiple startups.
Mr. Abhishek Karnani, Managing Director at The Free Press Journal was the Media Partner of this event. This event also saw the participation of Banking partners like HDFC Bank and Bank of Baroda.
Apart from providing valuable feedback and encouragement, mentors and investors also provided pointers that will help the businesses grow and flourish. They generated an engaging conversation after every pitch from which everyone present in the room could learn something. The investors also showed keen interest in the idea pitched by the startups. Niharika Tewari Content Strategist of Sociobits, Digital Partner of the event was also present there.
Enthusiastic business pitches by the Startups
The startups were present from different states. The first pitch was presented by Navork Innovations from Mumbai with a solution in the agri-tech industry. Alliste Technologies also featured on Shark Tank India from Delhi presented a power-packed pitch. Exter, an electric scooter solution, and Maas, a meat provider presented themselves from Bangalore through an online meet. Good Fettle Private Limited came up with zero fat ice creams and INFLUENXING with a platform that helps connect influencers with brands. These startups are also based in Mumbai.
Ending notes by hosts, investors and mentors
The event was wrapped up by a short message from everyone present on the panel. The Director of JBIMS thanked and appreciated everyone who helped in organizing the event. Dr. Iyengar communicated the message that they want to make a difference in the community of entrepreneurship. He pushed the entrepreneurs to share their dreams and challenges so everyone involved with the TIIPS team can help them.
Mr. Uday Wankawala, CEO of Atal Incubation believes that startups should use their talent around market research wisely. He pointed out that market research is the core of any business and most startups lack ecosystem knowledge. Atal Incubation Center would love to extend its support to them.
Mr. Manish Kumar, Vice President and Zonal Head at HDFC Bank gave weightage to the fact that every startup should aim to offer a delightful customer experience, the ability to reach the masses, and adapt a robust operational procedure. This can be achieved by adopting a customer-centric approach.
One of the hosts, Mr. Ganesh Gokhale took a moment to add that JBIMS led TIIPS has all the resources like Mentors, VCs/Investors, who will use their expertise to help the startups; and necessary tools like technology, digital marketing, go-to-market, co-working space, etc that they are willing to share with startups as well as the students of JBIMS who attended the session. This event will also inspire students and awaken the entrepreneur in them.
Mr. Shubh Bansal also strongly feels that in India, people have a lot of innovative and extraordinary ideas that remain unexplored because of the lack of opportunities. This is exactly what everyone is trying to provide through JBIMS led TIIPS Incubation startup event. The idea is to give entrepreneurs a push to follow their dreams.
Dr. Iyengar concluded the event by addressing that, this is the beginning for every startup, in his words, “This is not a full stop but a comma for the startups. This is a beginning and if you (startups) succeed then we will also succeed. It is a win-win for all of us.” He also insisted on a networking session after the event because he believes that ‘network is net worth’.
After a great networking session, the Bank of Baroda generously offered a token of appreciation to every startup. Mr. Manish Kumar from HDFC bank also thanked the investors, mentors and hosts for their valuable input by presenting them with a gift hamper.
This is not a full stop but a comma for the startups. This is a beginning and if you (startups) succeed then we will also succeed. It is a win-win for all of us.