Education

‘India Fellows Program’ for Young Indian Diaspora Entrepreneurs from OIFC, a joint venture of CII & Government of India

This is an excellent 12-day residency program in India to learn about the economic opportunities in India through practical hands-on training, networking, lectures from world class faculty, year-long support, etc. It is a collaborative effort of Government of India, OIFC and the Indian School of Business.

If you need any additional information, please check-out their websites www.isb.edu/indiafellows ,http://www.oifc.in and the brochure  Download

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‘India Fellows Program’ for Young Indian Diaspora Entrepreneurs from OIFC, a joint venture of CII & Government of India

 

The Overseas Indian Facilitation Centre (OIFC) http://www.oifc.in/ is a joint venture between the Ministry of External Affairs (MEA), Government of India and the Confederation of Indian Industry (CII), for enhancing economic & knowledge engagement of Overseas Indians with India.

 

OIFC has introduced the India Fellows Program (IFP) – a collaborative effort of the Government of India through OIFC and the Indian School of Business (ISB) Centre for Executive Education. The program’s objective is to showcase the economic opportunities in India and provide connects with India based entrepreneurs for young Overseas Indian entrepreneurs & professionals to interact with and explore potential opportunities.

 

The IFP is designed to offer an insider’s view to the dynamic markets of India, it’s business environment, it’s socio-cultural norms, and emerging opportunities for you to explore India as a viable business opportunity.

 

The highlights of the programme are:

  • India Residency: 12-day India Residency, comprising of ten days of intensive experiential classroom sessions at the ISB campuses in Hyderabad & Mohali, and two days in Delhi
  • Experiential Approach: An immersive, practical and hands-on learning approach that includes cases and simulations, visit to markets and different consumer segments, group activities and field visits
  • Networking: Opportunity to  network with Indian entrepreneurs and senior government officials
  • Faculty: World-class faculty and senior industry, government and sector experts as guest speakers
  • Year-long Engagement through monthly webinars and Google Hangouts

 

We are writing to request you to:

  1. Disseminate the details of this programme and the flyer to members of your association and also refer people who may be interested in the programme.
  2. Please post the information about both India Corporate Internship and the India Fellows Programme on your website, social media platforms and in newsletters for the Indian community.
  3. OIFC will be sharing regular updates about its initiatives & programmes through its social media platforms. Request you to follow such updates and share these with your members

 

For more details: Website: www.isb.edu/indiafellows I Brochure: Download

 

 

 

Legal

Licenses for Small Indian Businesses

6 SMALL BUSINESS LICENSES EVERY ENTREPRENEUR NEEDS TO KNOW! – TECH STORY

The Indian governments, both state and central, have never been particularly good at informing new entrepreneurs of the licenses they would need while starting up. As a result, many operate in an unorganised manner (that is, without many of the licenses). But most businesses do want to comply with the law. So here’s a list of licenses a small business (whether service or manufacturing) needs to comply with the law:

  1. PAN Card:
    All businesses, whether in the name of a proprietor or entity, need to have a PAN card or Permanent Account Number card. This number is to be quoted for all payments. Therefore, it is to be quoted while opening a bank account, payment of service tax and just about anything else related to business.
    Required by: All businesses
  1. TAN:
    All legal bodies that will be paying salaries, commissions, interest or dividend need a TAN, as it is to be quoted on deducted tax at source. Therefore, any company, proprietor, government body, would need a TAN. The Tax Deduction and Collection Account Number is a 10-digit alphanumeric code can only be approved when the business has a PAN in its name.
    Required by: All businesses paying salaries, commissions, etc.
  1. Service Tax:
    Service tax is an indirect tax imposed by government on services; it came into existence under the Finance Act, 1994. It is required by any organisation providing taxable services over Rs. 9 lakh, but service tax need only be collected from customers once revenues hit Rs. 10 lakh per annum for the first time. The service provider pays the tax to government after collecting it from consumers at the current rate of 14.5 per cent. Once payment is collected, it needs to be deposited every month to government, which also requires all such businesses to file returns twice a year, in April and October.
    Required by: All service providers
  1. VAT & CST:
    a) VAT Frequently referred to as sales tax, VAT or Value Added Tax is a form of indirect tax levied at various stages of production of services and goods. It is also imposed on imported goods as well but the same rate as that of local product is maintained. VAT is imposed on value addition at every phase of production. The final consumers will be the ultimate bearers of this tax. This is an indirect but coherent form of taxation and involves transparency so that it is easily understandable. Registration is required once revenues of the business cross Rs. 5 lakh per annum
    b) CST Or Central Sales Tax:
    Central Sales Tax is another form of sales tax in India, levied when goods travel inter-state. In fact, it is quite similar to the typical sales tax imposed by governments around the world on the sale of produced goods as a way of generating considerable revenue to the government. This tax is applicable to both imported goods and goods sold within the country. Applications for VAT and CST can be completed simultaneously.

Payment must be made to government on the VAT/CST collected every month; returns must also be filed monthly. To get this registration, you would, however, need a commercial establishment.

Source: Tech Story

Motivations, News

AN AVERAGE INDIAN ENTREPRENEUR IS A 30-YEAR-OLD MALE WHO NEVER ATTENDED IIT

AN AVERAGE INDIAN ENTREPRENEUR IS A 30-YEAR-OLD MALE WHO NEVER ATTENDED IIT – QUARTZ

May 16, 2016 | On: Quartz

Contrary to popular perception, an average Indian entrepreneur isn’t a 25-year-old who’s graduated from an Indian Institute of Technology (IIT).

An average technology entrepreneur in Asia’s third-largest economy is a male aged between 28 and 29. By the time his venture gets funded, he is over 32, according to data from Delhi-based startup Xeler8.

Xeler8, which curates data on other startups, analysed over 2,300 firms for this study. The sample startups operate in various sectors, including e-commerce, food technology, fintech, healthcare, agriculture technology, ad technology, data analytics, and gaming. The sample also includes large players like Flipkart, OYO Rooms, Snapdeal, and MuSigma.

EDUCATIONAL PROFILE

Almost 50% of Indian entrepreneurs are graduates, and many of them hold post graduation degrees.

 IIT and IIM graduates - study

However, contrary to the commonly held belief, most do not hold degrees from premium educational institutes such as IITs or the Indian Institutes of Management (IIMs). In fact, graduates from premium schools form a very small percent of entrepreneurs in India.

Source: Quartz

Education, Finance

How to Finance and Grow Your Startup – Without VC

Friends and colleagues:

I’m pleased to tell you about the imminent launch of my new seven-week Massively Open Online Course, How to Finance and Grow Your Startup – Without VC. It does what it says in the title and can be found on Coursera, the world’s largest platform for MOOCs. Enrolment is free of charge.

I’d be incredibly grateful if you’d forward this news to your entrepreneurially-inclined friends and networks.  My goal is for 100,000 people around the world to sign up, so your assistance will be instrumental in helping me get there! The course is now open for info and enrolment at www.coursera.org/learn/startupfinancewithoutvc. The learning starts on April 22nd!

Many thanks in advance.

Best,
John

John W. Mullins, PhD
Associate Professor of Management Practice
Marketing and Entrepreneurship
London Business School
Sussex Place, Regent’s Park
London NW1 4SA
United Kingdom

Phone: + 44 (0) 207 000 8161

Web: www.london.edu/faculty-and-research/faculty/profiles/mullins-j
My latest book: www.TheCustomerFundedBusiness.com

Business Ideas, Innovation, Social Entrepreneurship

Transformational Rain Water Harvesting

A reservoir of hope for poverty alleviation that also addresses problems such as crop failure

A social entrepreneur and innovator based in Ahmedabad, Gujarat, Biplab Ketan Paul, has devised an innovative and path-breaking water-harvesting community initiative led by women. He has facilitated more than 14,000 farmers and transformed 40,000 acres of barren, disaster-affected or highly saline land into productive farms.

“Water is powerful, you cannot control water,” says Biplab, 46, who has successfully harnessed the precious natural commodity through an innovative process named ‘Bhungroo,’ which uses pipes to filter and store rain water in underground reservoirs with capacities to hold as much as 40 million litres of  water in it.

Biplab’s innovative process to harness rainwater with the help of women’s groups has transformed the lives of farmers in arid rural Gujarat

A single Bhungroo – the Gujarati word for a hollow pipe –unit harvests water for only about 10 days a year, but supplies water for as long as seven months and ensures food security for five families by irrigating two crops in two seasons for at least 25 years. Besides, this non-saline rainwater reduces the salinity of groundwater, making it fit for agricultural use.

Water has been the leitmotif of Biplab’s life, right from his formative years in Hooghly, then an idyllic town on the banks of river Ganges, 62 km from Kolkata.

Both his parents earned modest incomes, and the greatest gift they gave Biplab and his two equally intelligent sisters was the love of books and empathy for others.

After his graduation and postgraduation in Economics from Jadavpur University, while studying at the Centre for Environment Education, Ahmedabad, and working in the Aga Khan Development Network, he was hit by ground realities of farming in arid rural Gujarat.

Lok Vikas, an NGO, had invited Biplab to provide technical knowhow for addressing the drinking water problem at Mehsana district of Gujarat. In 2001 while conducting a biodiversity analysis in villages there, he learnt about the far-reaching effects of water scarcity and contamination.

In Mehsana there was a peculiar situation: farmers were not allowed to draw underground water, yet a water park with 1.5 lakh borewells depleted ground water, pushing the level from 200 feet to 1,200 feet in just ten years. “The small farmers could not survive in this scenario,” recalls Biplab.

In 2004 Biplab was invited by the Bureau of Educational & Cultural Affairs of the US Government as part of the International Visitor Leadership Program (IVLP). In Miami, Biplab learnt how the city secured fresh water for residents in its salinity- affected regions.

Each Bhungroo unit is owned and managed by a group of five women belonging to small and marginal farmer families

This was the genesis of Bhungroo. “I learnt things that I applied in a constructive way,” says Biplab.

In 2007, Biplab conceptualized the social enterprise Naireeta Services Private Limited, with his wife Trupti Jain as founder-manager, and himself as innovator and director, looking after the technology aspects.

Naireeta promotes a social business model that ensures women empowerment, as each Bhungroo unit has to be owned and managed by women from small and marginal farmer families. Now there are seven in the team, along with 17 women farmer volunteers and eight members on an on-call basis.

The Women Self Help Groups of a village identify the below-poverty- line women members of a village with the help of Biplab’s team.

A group of five then agrees to their roles in the group and the costs of maintenance. One of them gives a part of her land for construction of the Bhungroo while the other members contribute labour, bringing an added sense of teamwork.

Biplab with a group of  women managers of a Bhungroo unit

The first Bhungroo units were installed in five villages in Patan district of Gujarat in 2002 in nine months at nearly Rs. seven lakhs each.

The current Bhungroo units come in 17 designs and their prices range from Rs. four to 22 lakhs, based upon 29 variables such as rainfall and subsoil. Installation of the unit takes a mere three days.

A one-time investment of Rs. 8 to 9 lakh in Bhungroo can generate an income of Rs. 3 lakh per annum and the investor breaks even after 36 months. It increases a farmer’s agricultural income illustratively from Rs 11,000 a year to a minimum of Rs 34,000 in three months.

Each Bhungroo unit caters to the irrigation need of 15 acres of land, making that much land productive twice a year.

With several awards and honours such as the Ashoka Globaliser Award for Innovation in 2012 and 2014, Biplab has received grants, awards and accreditations from organizations such as the World Bank, the Commonwealth, the United Nations Framework Convention on Climate Change, and the Asian Development Bank.

Biplab has implemented the Bhungroo technology in several African, EU and Asian countries

Bhungroo technology has been replicated widely in Gujarat, Karnataka, Bihar, Jharkhand, West Bengal and Odisha. Internationally, Bhungroo has crossed over to Africa (Ghana, Liberia, Kenya), EU countries, Bangladesh, Cambodia and Vietnam.

Biplab has made Bhungroo not only a reservoir of water, but a reservoir of hope for poverty alleviation and women empowerment, besides addressing seminal problems such as crop failure.

By  Kavita Kanan Chandra
07 Apr 2016


– See more at: http://www.theweekendleader.com/Innovation/2396/watershed-innovation.html#sthash.iY6W4tks.KOECjUmr.dpuf

Business Ideas, Innovation, Motivations, News

The world’s most efficient air conditioner

What’s more disruptive than a hybrid of cooler and air conditioner that comes at a tenth of an AC’s running cost? This means electricity consumption of only 250 Watts per hour, compared to an air conditioner that consumes 2,400 Watts per hour. So if you were paying Rs 5,000 per month (air conditioner), you will now pay around Rs 500. And wait, it’s environment-friendly too, as it is possibly the world’s only cooling product that uses the refrigeration cycle but does not emit heat in the environment. If your air conditioner breaks give Blake & Sons Heating and Air a call.

Vaayu Founders Pranav and Dr Priyanka Mokshmar
Vaayu Founders Pranav and Dr Priyanka Mokshmar

This miraculous cooling technology is called Vaayu, developed by Pranav Mokshmar from Indore and has been backed by Madhya Pradesh Chief Minister Shivraj Singh Chouhan and Rajasthan Chief Minister Vasundhara Raje Scindia. After almost five years of trials and errors, patenting process and funding efforts, Vaayu began operations in October 2014.

Vaayu Hybrid Chillers – a patented technology – acquired a funding of Rs 1 crore under collateral-free CGTMSE scheme of the State government of Madhya Pradesh through Corporation Bank, Indore. The startup has its manufacturing unit, constituting two plants, at Sanwer Road in Indore. The product has been tested for more than 100 units and the company is getting bulk orders from companies that care about environment and cost-saving. It has reached six States – Madhya Pradesh, Chhattisgarh, Maharashtra, Delhi, Haryana and Uttarakhand, through its appointed dealers and distributors. These dealers are selling Vaayu to retail customers.

Vaayu Hybrid Chiller
Vaayu Hybrid Chiller

Too good to be true?

Disbelief was a common reaction the founders – Pranav and Priyanka – received each time they made a presentation about Vaayu. “We were once presenting before a team of scientists and science professors and most of them said that our product defied all the laws of thermodynamics,” quips Priyanka. This has caused such a stir that even companies in America are bloggin about it (check Breckinridge Heating and Cooling in Louisville, KY), the AC repair Augusta GA company has made their intention to back this up clear.

So how does Vaayu work exactly? “As soon as Vaayu chiller is switched on, the compressor starts and the refrigerator flows in the cooling coil to chill the water. This water reaches the pads of the machine by pumps. The hot air outside comes in contact with the chilled water and the molecules present in the hot air lose temperature. The thermostat helps to put the compressors on and off as per the need of the water temperature to be maintained and prevents overheating. The condenser cools down the refrigerant and helps in dehumidification of excess RH to control the humidity level. The chilled air is finally pushed inside the area where the unit is installed through a fan of the machine,” informs Pranav.

In short, Vaayu doesn’t make you shiver like an AC but basically brings the temperature to a legitimate level and controls the humidity so that the environment becomes pleasant.

Vaayu chillers look like coolers and ACs so to make them workable in terms of installation and to meet customer needs. “We have recently launched a revolutionary product, VAAYU MIG 24, which has a capacity of cooling 1,000 sq.ft., and consumes only 800 Watts,” says Pranav.

Vaayu MIG24 Model
Vaayu MIG24 Model

The company intends on expanding to ten more States in the financial year 2016-17. “In the next five years, we plan to go pan India and also start exports, as we have received enquiries from Mexico, UAE , Africa etc. We are planning this expansion through sales returns along with expecting to get some funding through VCs,” he adds.

A power couple

Priyanka, Pranav’s wife, did most of her post-graduation studies after marriage. Pranav – a commerce graduate with a diploma in HVAC (heating, venting and air-conditioning) – worked as a product manager in multinational companies such as Carrier, Samsung and LG for almost 14 years. But being a technology-curious person, he started his own venture of commercial AC sales and service in 2008, and commissioned many noted projects in Madhya Pradesh. Priyanka, in the meantime, acquired an MBA in Marketing (Prestige Institute Indore) and PhD in Management (Devi Ahilya University) and apart from writing research papers, had begun giving lectures in various institutes in Indore.

“Initially, Pranav’s office used to be at home, so during the summer of 2010, his father pulled him up for heavy electricity bills, since his team used ACs. So one, day he got a few components of AC and they all began working with coolers. When I asked, I was told they were trying to see if a compressor could be fitted into a cooler. I seriously thought this must be one of his whims since he loved experimenting with electronic appliances and machines. Little did I know back then that he would end up inventing a technology we would patent later,” says Priyanka.

Team Vaayu
Team Vaayu

Pranav points out the importance of marketing the product. “Twice we had a choice between getting a lot of money from investors and selling out the patent. However, becoming millionaires just like that wasn’t exactly our goal,” shares Pranav.

Sometimes, the couple  find it hard to come to terms with the fact that they have come this far. “But then we remind ourselves of what late Dhirubhai Ambani had said, ‘Think big, think fast and think ahead. Ideas are no one’ s monopoly’,” says Priyanka.

Vaayu recently won the Mega Launchpad – an event co-sponsored by YourStory Media. And their latest award is the Skoch Order of Merit and Skoch Best SME of India Award at the Constitution Club of India in Mumbai held recently. In addition, they are one of the top five startups chosen by the Government of Madhya Pradesh for the Prime Minister’s dream project ‘Start up India Stand Up India’.

http://yourstory.com/2016/03/vaayu-hybrid-chiller/

Business Ideas, Social Entrepreneurship

Rs 1 Cr sales in four months – how a software engineer is giving Mandya’s debt-ridden farmers a new lease of life

A farmer walks into the Organic Mandya store and puts a big bag of tomatoes and chillies on the table. The cashier weights it to be approximately 4.5 kg and 1.25 kg respectively and hands him a few crisp notes. The farmer pockets the money and walks away. The entire process took no less than six minutes. There were no delays, negotiations, middlemen or disappointments.

But Mandya wasn’t like this a year ago. In July 2015, more than 20 sugarcane farmers committed suicide. Perennially irrigated and verdant, Mandya is just about 100 km from Bengaluru. But the farmers are under the weight of heavy debt. Reports estimate that Mandya farmers owe banks Rs 1,200 crore in loans taken over the past year (2014-15). Government apathy, falling crop prices, excess stock and lack of guidance on proper farming techniques are the many reasons contributing to the grim scenario.

Madhuchandan C
Madhuchandan C, Founder of Organic Mandya

Disturbed by these prevailing conditions was 37-year-old MadhuChandan Chikkadevaiah, an IT professional living the life of dreams in California, but having roots in Mandya. Hailing from a family of farmers, Madhu was born in Mandya and spent his entire childhood in the sprawling 300 acres of University of Agriculture, Bengaluru, where his father retired as a Vice Chancellor. While Madhu went on to become a software engineer who worked across the globe, co-founded Verifaya Corporation that delivers automated software testing solutions to companies, he was always a farmer at heart.

In the entire world, the farmer is the only person who sells at wholesale but buys at a retail price.

He further explains,

Farmers are leaving their lands and migrating to cities in search of menial jobs. Lack of stability forces them to hop from one job to the other denying continued economic benefits. They are unable to take care of themselves and their families; eventually getting in to heavy debts and suicide. It’s a vicious cycle, albeit one which can be prevented. That’s what Organic Mandya set out to do – give farmers a prosperous, healthy life so that no one leaves the profession.

The seeds of Organic Mandya

When Madhu moved to Mandya, the first thing he noticed was a scattered landscape. There were many farmers who had shifted to organic methods, and practising indigenous techniques that were giving them decent yields. Yet, there were glaring gaps – lack of an organised market and information exchange.

Madhu’s first step was to gather passionate individuals (friends and ex-colleagues) who pooled in Rs 1 crore and he registered Mandya Organic Farmers Cooperative Society, bringing together nearly 240 farmers in the first phase. It took him eight months to complete all the government formalities and also establish Organic Mandya – the brand under which farmers will sell their produce.

Organic Mandya
Organic Mandya shop on the Bengaluru – Mysuru highway

He says,

We dabbled with many ideas – starting a chain of organic shops in Bengaluru, or an e-commerce website, tying up with restaurants and selling the produce. But none would allow farmers to directly interface with the customers. And to me, that was a priority. Until a customer realises the value of efforts the farmer puts in and a farmer understands customer priorities, farming will never be in vogue.

Madhu decided to leverage the Mandya Highway that connects Bengaluru and Mysuru, and he was convinced that travellers would stop by to buy his produce. To further enthuse people, he started an organic restaurant next to the shop. He says,

My strategy was that travellers will stop to have food and end up walking into the shop to buy their weekly groceries. But after a month or so, the trend reversed. People would first stop at our shop and that was fulfilling.

Incorporating the right practices

The real beauty of Organic Mandya is Madhu’s idea of connecting the farmers and customers. According to him,

On one hand, customers are hesitant to switch to organic given the costs, and on the other, a 24-year-old farmer dies of cancer caused by excessive chemicals his body was exposed to. It becomes imperative to educate people on the benefits of going organic and that cannot happen unless a common platform is created.

That’s how the company’s ‘Organic Tourism’ initiative took birth which has the following –

  1. Sweat Donation Campaign – A first-of-its-kind volunteering initiative that doesn’t ask for monetary contribution but sweat, Madhu says, “More than 20 percent of farmers’ yield is lost because of lack of timely labour.” In this initiative, people who enjoy farming or would want to experience it drive down over the weekend and work on Organic Mandya’s farms for the entire day. Citing an example, Madhu says, “A farmer (nearly 60-years old) was unable to spend Rs 3,000 for a day’s labour. But he needed to transplant his entire field. We put out a request on our Facebook page and had around 24 volunteers who completed the work in half a day.” In the last few months, the Sweat Donation Campaign has attracted over 1,000 volunteers from Bengaluru– right from college students to IT professionals and retired couples.
Volunteers at a Sweat Donation Campaign
Volunteers at a Sweat Donation Campaign
  1. Farm Share – Another unique initiative, Farm Share allows people to rent out farms of half to two acres for three months at approximately Rs 35,000 and grow their own food. The package allows families to stay on the farms for eight to nine nights over the three months and practice farming. In their absence, an Organic Mandya farmer will take care of the entire land. Once the yield is ready, families have the option to either sell the produce to Organic Mandya or use it for personal consumption. This ensures that farmers have continuous income as well as urban population is exposed to the joy of organic farming.
  2. Team @ Farm – This initiative encourages companies to bring in their employees for day-long farming activities, rural sports such as kabaddi, gilli dandalu and lagori, as well as farm tours such as the jaggery plant tour, which gives people a chance to understand the entire process. This is at a nominal cost of Rs 1,300 per day.
Volunteers helping a farmer with his produce
Volunteers helping a farmer with his produce

Reaping the benefits

It’s just been around six months since Organic Mandya has been fully operational and its well on its way to success. The cooperative has already over 500 registered farmers who collectively own close to 200 acres of land and are producing over 70 varieties for sale – rice, dals and pulses, edible oils, personal healthcare products, beverages, masalas and spices. In terms of revenue, the company reached Rs one crore in just four months. The monthly baskets priced at Rs 999, Rs 1,499 and Rs 1,999 have found many takers. “After all, who doesn’t want healthy supplies that will last an entire month that can be ordered online and delivered right at your doorstep,” asks Madhu.

But most importantly, Mandya is seeing reverse migration. Madhu says,

My biggest success is when someone returns from the city to start farming again. And so far, around 57 have returned to their land. This is only the beginning of a rural, organic revolution.

Road to a sustainable future

Madhu is well aware that sustainability is an important aspect for any business to flourish. But he wants to ensure that sustainability benefits both – farmers and customers. In the next one year, Madhu is working towards cultivating 10,000 families to generate revenues of approximately Rs 30 crore by making them buy monthly supplies averaging to approximately Rs 2,000 to 3,000.

He says, “The idea is to get families to register as our members, which will cost Rs 1,000 annually. This will have dual benefits – one is they will get a steep discount on all our products for the entire year, and second is we will introduce them to a range of healthy eating practices.”

Madhu’s boldest vision is to make the entire Mandya district go organic by 2020.

http://social.yourstory.com/2016/03/software-engineer-mandya-farmers/

Calendar, Motivations, Networking, News

Seedstar Summit in Switzerland

STRIKE IS HEADING TO SWITZERLAND TO WIN 500K AT THE SEEDSTARS SUMMIT

 

Strike is representing India at the Seedstars Summit, during which the winner of the global competition for fast growing startups in emerging markets Seedstars World will be named and awarded with up to USD 500,000 in equity investment.

 

Seedstars Summit – March 3rd, 2016, Swiss Tech Convention Center at EPFL, Lausanne

 

LAUSANNE, SWITZERLAND, February 11th, 2016 – Seedstars, the global organization with the mission of impacting people’s lives in emerging market through entrepreneurship and technology, launched its third edition of the Seedstars World competition in April 2015. The international team covered 54 countries, scouting for the best startups around the world. Strike has been selected to represent India and participate in a two day bootcamp, an Investor Forum and the Grand Final of Seedstars World. The global winner of this edition will be rewarded with up to USD 500’000 in equity investment. The best startups in other sectors such as travel and space will also be rewarded with equity investments and grants of up to USD 550’000.

 

Strike won Seedstars Bangalore in August last year, with its email productivity platform for mobile that helps users to research people within their Gmail app. On March 3rd, the Indian startup will represent the country and compete with other 53 startups from around the world for the title of “Seedstars World Global Winner”.

 

More than 3,000 startups from Eastern and Central Europe, Africa, the Middle East, Asia and Latin America applied to participate in Seedstars World this year. Since April 2015, four regional teams and expert local juries have selected the most promising startups in 54 cities, from Santiago to Jakarta, passing by Ramallah and Beirut.

 

At the Summit, the speakers will discuss how technology and entrepreneurship impact billions of people’s lives in emerging markets. “Most people don’t really associate emerging markets to a billion of opportunities  and we’re here to show them that these markets are already transforming into centres of innovation where talented people and changemakers grow,” explains Alisée de Tonnac, CEO at Seedstars World.

 

Around 1000 entrepreneurs, venture capitalists, corporate executives, business angels, government officials, journalists and startup enthusiasts are expected to join for an amazing experience in Switzerland.

 

Tickets on sale now!

The Summit is open to public. Final pass & Executive pass are available @ www.seedstarsworld.com/summit/passes

 

About Seedstars

They tried to bury us, they didn’t know we were seeds.” – Mexican proverb

 

Seedstars is a global organisation based in Switzerland with activities in more than 50 countries around the world. Its mission is to impact people’s lives in emerging markets through entrepreneurship and technology. The company’s goal is to develop and foster startup ecosystems by connecting, building and investing in driven entrepreneurs. Seedstars connects the best entrepreneurs with investors, corporates and media, and helps them to scale to new markets. They build companies by bringing together resources, talents and growth techniques, and eventually, invest in the most promising entrepreneurs. Sharing the values of trust, efficiency and diversity, Seedstars aims to support the whole entrepreneurial ecosystem from entrepreneurs to investors passing through governments and corporates.

 

More info on our website: www.seedstars.com

Find all our partners here

 

THEY’VE TALKED ABOUT US  – Check out all our press coverage here

 

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