Calendar, Motivations, Networking, News, Technology

Invitation for Startup-Launchpad: Melange 2018

Greetings from Pathfinder-The Entrepreneurship Cell,K.J.SIMSR!

K J Somaiya Institute of Management Studies and Research proudly presents Melange 2018 – The Annual Flagship Management-Cultural-Sports Event. The 16th edition of Melange promises to be bigger and better with more on offer to our Partners and Associates. Melange is set to happen on

9th and 10th February, 2018 and this year’s theme is Tech It Up’ which revolves around Technology Enabled Businesses. We want to embrace the fact that businesses are becoming increasingly ‘tech-ed up’. The economy loves them and so do we!

Startup Launchpad 2018

Melange ’18 is proud to announce the ‘Start-Up Launchpad’ which will be a platform for all budding start-ups and entrepreneurs to showcase their ideas and stand a chance to interact with venture capitalists on 10th February 2018. In a ‘Shark Tank’ inspired business pitch competition, start-ups and their business plans would be judged by investors-cum-business experts. The participants stand a chance to win cash prizes worth 50 thousand rupees.

Through the Launchpad, we are offering our own value addition to the very precious startup ecosystem. By bringing closer budding entrepreneurs, investors and evaluators alike and stakeholders of the ecosystem, we are doing our small bit to nurture this growing community.

Hence, we would love to invite you, being an investor yourself and a precious part of the startup world to come and be a part of our event Startup Launchpad and have a look at the budding entrepreneurs. We are having over 35-40 startups from the tech world, who are at their nascent stage. All of them unique in their own ways, they bring along a mix of some of the best ideas in the tech world.

But as it’s said that every Arjun needs his Dronacharya, most of these startups would need support. So do come for our event, being the Drona yourself and network with these brilliant startups. Who knows you might as well end up finding your arjun and hit the bird’s eye!

DATE: 10th February 2018

TIMINGS: 10:30 am – 06:00 pm

VENUE: K J Somaiya Institute of Management Studies and Research, Vidyavihar(E), Mumbai-400077

RSVP NOW

Hope to see you at MELANGE’18!

Regards,
Vikas Rai
PGDM-International Business |2017-2019|
| Member- Pathfinder-The Entrepreneurship Cell | Member- Women’s Development Cell |
https://www.linkedin.com/in/vikasrai94/
Mob. No.: 8291015901 / 7838730312

K.J. Somaiya Institute of Management Studies and Research (SIMSR)
Mumbai, India

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Business Ideas, Innovation, News, People / Stories, Technology

Shiva Ayyadurai an Indian-American scientist invented Email when he was just 14.

The 14 Year Old Indian Boy Who Invented Email turned 52 on Dec 2nd 2015. But how many of us know that, Shiva Ayyadurai an Indian-American scientist invented Email when he was just 14.

Ayyadurai was born to a Tamil Family in Bombay. At the age of seven, he left with his family to live in the US. In 1978, aged 14, he developed a full-scale emulation of the interoffice mail system which he called “E-mail”. It replicated all the functions of the interoffice mail system: Inbox, Outbox, Folders, Memo, Attachments, Address Book, etc. These features are now familiar parts of every email system.

Studying at Livingston High School in New Jersey, Ayyadurai began his work on the email system for the University of Medicine and Dentistry of New Jersey. He closely observed that the desktop of each secretary, in addition to the typewriter, had an Inbox, Outbox, Drafts, Carbon Copy Paper, Folders, Address Book, Paper Clips (for attachments), etc, which they used each day to create and process incoming and outgoing mail.

Then he conceived an electronic version of this system. He created a computer programme of over 50,000 lines of code, which electronically replicated all the features of the interoffice mail system. On August 30, 1982, the US government officially recognized Ayyadurai as the inventor of email by awarding him the first US Copyright for Email for his 1978 invention. Yet his name is nowhere in modern history of computer science. Whoever claims the invention, Ayyadurai will remain the father of E-mail. Hope he gets the name in history he deserves.

Deva Bhatt added 4 new photos.

 

Deva Bhatt's photo.
Deva Bhatt's photo.Deva Bhatt's photo.
Deva Bhatt's photo.

 

 

Technology

7 things small businesses should know about accepting mobile payments

While mobile payments are still not nearly as commonplace as Apple and other players may have hoped, they are becoming more popular. The majority of retailers offering mobile payments are big businesses, with roughly only 32% of small to medium-sized businesses (SMB) currently using them.

But SMBs are always behind large enterprises when it comes to using technology, and for many small and local retailers it’s just a matter of time – and consumer demand – before they get on board with the budding trend.

That time should be coming sooner than later considering the soaring growth trajectory of mobile in general, which pretty much nobody can argue. What’s more, mobile payments make life a little easier for many customers who appreciate the security and convenience of the system.

If you’re looking to roll out mobile payments in your business, here’s a list of must-knows.

1. Meet the players
The emerging marketplaces is filling up with newcomers, but some of the heavy hitters in the mobile payments space right now are PayPal Here, Google Wallet, Apple Pay, and Samsung Pay. There’s also Dwolla, Venmo, Stripe, LevelUp and Square Cash. It may seem like a headache to go about sorting out the differences between each company’s offering, but it’s incredibly worthwhile to do your homework. Keep in mind that while it’s tempting to go with whichever seems the most popular, consider your business’ category and needs. What works for a fancy restaurant that expects hefty payments most likely won’t work as well for a 99-cent store that deals more in smaller transactions.

2. Prepare for the cost
Are you one of those businesses that discourages costumers from paying with a credit card because of the added expense the credit card company serves you? Well, get ready for another expense! Most mobile payment companies don’t charge a monthly fee, but charge “around 3% for most cards,” said Marc Prosser, co-founder of Fit Small and Fit Biz Loans. “Some providers will discount for a monthly fee [which] is typically only a good deal if you’re doing $2k or more in mobile transactions.”

3. Update your other tech
It would be great if you could just order some hardware from Samsung, Apple, or Google and be all set with a mobile payment system, but as Steven Aldrich, SVP of business applications at GoDaddy points out, you’ll need to be sure that you have up-to-date point of sale (POS) technology that accepts credit cards and Near Field Communications, the technology that enables customers to make payments using their smartphones in your store. NFC is a household feature for smartphones nowadays – it needs to be for any business using mobile payments.

“For SMB’s who don’t already have a point of sale capable of accepting contactless payments, the next step is to contact their bank and ask them about setting it up for you,” advised Andrew Hubbard, co-founder of Gainful Media. “Most of the bigger banks in the U.S are capable of setting up contactless payments for SMBs.”

4. Hope everyone else has updated too
We’re all well aware of the proliferation of smartphones, but not all smartphones can come with mobile wallets. In fact, only models made within the past two years have them, Hubbard points out.

“This means that initially a large percentage of your customers might not be able to use it even if you support it,” Hubbard said.

5. Master the billing
A mobile pay transaction is typically quick and easy for the consumer, and ideally for you, too. But if you’re going to be filing a ton of mobile pay invoices, you’ll want to team up with an online service so that you don’t get bogged down. “Get your business up to speed with digital finances [and] make sure to use an online service that will automate your invoices,” said Aldrich. “It will simplify following up with customers and will guarantee you always stay on top of payments.”

6. How it works
As with a credit card, a mobile payment will be accepted or declined immediately upon payment. Different mobile payment systems call for different protocol from the customer. Some will require a signature or a pin entry. “This depends on the store and transaction amount,” said Hubbard. “For Apple devices, customers must scan their fingerprint on their mobile device in order to use Apple Pay.”

7. Be mindful of security risks
Digital wallets carry far less risk that physical wallets because they have more layers of security than plastic credit cards.

“In accordance with EMV chip card readers, Apple Pay and Android Pay facilitate secure transaction through tokenization, which instantly converts sensitive card holder data into indecipherable code at the point of sale. The trio of EMV, Tokenization and P2PE work together to form the proverbial “Holy Grail” of any secure payment transaction,” said Jeremy Gumbley, CTO of payment services provider Creditcall.

But security breaches can still occur. Recently, LoopPay, a mobile wallet subsidiary of Samsung Pay, was hacked into, and while the hackers appear to have only broken into the corporate network, and did not infiltrate costumer data, the incident shook the faith of many mobile payment loyalists.

Such a massive hacking can’t really be helped at a local merchant level, but Don Bush, VP of marketing at fraud and risk protection company Kount, says businesses can do their part by “talking with fraud teams to understand both the risks and rewards [of mobile pay].”

If there is an instance of fraud, [it] is treated in the same way as your current credit and debit transactions,” said Hubbard.

It’s not quite worthy of a spot on this listicle, but another thing SMBs should do is…be excited, and show that zeal to your customers. If they use it, chances are they’re feeling psyched about mobile pay, too. And research shows that the path you’re embarking on will only become more widely traveled upon.

“Our data shows that the average online and in-store transaction amounts were greater than those on mobile devices overall until the first six months of 2015, in which purchases on the iPhone ($129.94) and iPad ($164.19) began to exceed non-mobile transactions ($106.94),” said Bush.

 

Source : http://cio.economictimes.indiatimes.com/news/strategy-and-management/7-things-small-businesses-should-know-about-accepting-mobile-payments/49825434

Business Ideas, Business Plans, Calendar, Innovation, Marketing, Mentoring, News, Startups, Technology

Eureka 2014 – International Business Plan Comptetition

Eureka! – An International Business Plan Competition

Aimed at encouraging people all around the world to unleash their inventive potential and flesh out ideas spanning multiple dimensions, Eureka! is Asia’s largest B-Plan competition as acknowledged independently by CNN and Thomson Reuters.

Designed to emulate the process of the growth of an idea towards a full-fledged startup. Eureka! prides itself on providing a 360 degree, holistic experience in the 5 month period that it spans. Right from acknowledging that your idea has potential, to writing a B-Plan, and pitching in front of an investor- this platform has it all !

Over the 15 years of its existence, Eureka has grown from a competition in which 50 teams competed for INR 50,000 , to a competition which sees over 6000 entries competing for prizes worth INR 4.5 Million with excellent networking opportunities in India and the Silicon Valley !

Eureka! now serves not only as a launch pad for budding ideas, but now has moved to be recognised as a platform for intensive learning of the entrepreneurial ecosystem by interactions and mentorship from the leaders of this field.

With the vision of promoting both business and social innovations, we follow two tracks:

  • Eureka! Business
  • Eureka! Social

Eureka! Business

The trademark of Eureka!, the business track of Eureka! is aimed at helping ideas develop into businesses that have the potential to revolutionize the world.

Eureka! Social

Now into its 4th successful year, Eureka! Social aims at helping build innovative enterprises and technology to aid the strata at the bottom of the pyramid and/or build a greener tomorrow. With associations like NSEF, Ashoka and Villgro, Eureka! Social runs as a parallel side track to Eureka! Business.

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Innovation, People / Stories, Social Entrepreneurship, Technology

From No Electricity to WiFi and CCTV

From No Electricity to WiFi and CCTV: How One Man Transformed This Gujarat Village

Business Ideas, Calendar, Technology

Threads of partnership

Bina Rao of Hyderabad-based Creative Bee foundation and Villoo Mirza of SEWA (Self Employed Women’s Association), Ahmedabad, have for been friends for years, bound by their passion: handlooms.

A vegetable-dyed kalamkari jacket adorns a mannequin in SEWA’s modest workspace in Ahmedabad. “This is for Bina Rao’s collection to be showcased at the International Workshop on Natural Dyes in Hyderabad. Besides, I will be presenting my own line,” Villoo Mirza says. The line will feature mosaic-like appliqué patterns Gujarat is known for.

The SEWA studio deals with a multitude of textiles and techniques, from Kutchi to Kashmiri embroideries and the coarse Japanese Boro yarn.

The establishment’s ability to cater to diverse requirements is its hallmark, says Bina: “Once I design the garments, the fabrication work is done at Mirza’s studio.”

 

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Courtesy : Dara Acidwalla

Calendar, Networking, News, Technology

TiE Mumbai – Smashup

India’s only startup unconference with No ‘gyan’| No ppts | No suits

6 April, 2013, VMCC IIT Bombay

SMASHUP IS :

  • A high energy un-conference
  • For the startups + by the startups
  • 2,000 ft overview Devoid of Big Boys’ gyan
  • High on audience engagement
  • Startup Tales, Open Pitches, Startup bazaar,  Smashup Chambers, Black Book.
  • Leave your suits at home
  • Fun!

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