Manthan Business Competition organized by Federation of Karnataka Chamber of Commerce and Industries - NMAMIT

In a business plan competition conducted by FKCCI final year information science and engineering student of NMAMIT Siddarth Pai has won 2nd Runner up with cash prize of 50,000Rupees

Report from : Siddarth Pai - Final year Information Science and Engineering, NMAMIT

Manthan is an Initiative of FKCCI since 2009.The Enterprise development Technology & Innovation Committee of FKCCI is organizing this competition among the graduate and Post Graduate students in Karnataka to evaluate, recognize and reward the three best original, Commercially viable and Implementable business proposals.

The first round of the event was through postal method where we students were supposed to write about our business plan in about 500 words. The shortlisted teams were called for First knowledge workshop in Bangalore which was held on 6th to 10th of Jan 2015. Then based on our business proposals about 35 Teams were selected for next round on Feb 20 in FKCCI Bangalore. We had to make the presentation in front of jury members including academicians, Industry Experts, Economists. In this round about 10 teams were shortlisted and were called for Second Knowledge workshop for further churning our business plan on March 4 in FKCCI Bangalore. Based on the inputs and tasks given on Second Knowledge Workshop there was another round of business plan presentation which was on March 18 in FKCCI Bangalore in this round Four Finalists were selected for the Grand Final which was organized on 9th of April 2015 in Hotel Le meridian Bangalore.

The jury members evaluated our business plan and I was awarded as 2nd Runner UP in the event. Was also felicitated with 50,000 INR Cash Prize. In this business plan competition I had proposed the start-up of mine "Sahasranshu Technologies Inc." which is being incubated at Entrepreneur Development Cell at NMAM Institute of Technology,Nitte. The Company focuses on development and building of Cutting edge Technology to solve real world problems. We are currently building a "Underwater Unmanned Vehicle" which tracks movement of objects underwater and sends the data to the data centre and being simulated as graphical models in Mobile Tablets. The product mentioned can have multiple applications ranging from fishing, Oceanography, Petroleum Exploration , Defence and Monitoring Cleanliness of rivers such as Ganga . Has already received a seed funding of 6 Lakhs from KBITS for two projects. The start-up is projected to fetch annual revenue of 30Cr in next 5 Years and has potential to create 75-100 Jobs in the region.

I myself has been part of start-up community since past 2 years has attended numerous events across India related to entrepreneurship. Citing few Microsoft Ideation Contest in NMAMIT-Jan14,Microsoft Appathon in Infosys Mangalore Jan-14, Intel Ideation Workshop at NIT Warangal- Mar-14, Start-up Weekend in Bangalore Aug-14, Hackathon in SIT Tumkur in Sep-14, Entrepreneurship Workshop in MIT Manipal in Oct-14,Provenance MIT Manipal-Nov-14, Hackathon-Pragyaan-Amazon Dev Centre-Hyderabad-Dec-14.

Here is a video link : http://livestream.com/enarada/fkcci