Startup Master Class is a flagship event of the Alumni Association IIT Kanpur. The 4th Pune edition and 19th countrywide edition is coming to Pune on 29th September 2019. SMC targets promotion of entrepreneurship by creating and fostering an ecosystem for entrepreneurs, mentors and investors alike. It is organized by IITians in partnership with other like-minded organizations. The first three SMC events in Pune have been a big success and have been addressed by Minister and eminent businessmen like Hon’ble Ravi Shankar Prasad, Mr. Narayan Murthy, Chief Minister Late Manohar Parrikar, Hon’ble Suresh Prabhu, Mr. Baba Kalyani, Mr. Anand Deshpande and Mr. Girish Bhagat. This event is being held to support the vision and Startup India activities under the able leadership of the Hon’ble Prime Minister of India Shri. Narendra Modi. Pune is universally recognized as Oxford of the East and also Detroit of the East. This combination provides fertile soil for startups to take roots. SMC aims to nurture these startups to a level where Pune will also be recognized as Silicon Valley of the East in the future.
Building an innovation strategy at a big company is a huge challenge. We simplify that by helping you connect to the start-ups that can directly impact your business and technology goals. We empower specific business units from our corporate partners by pin-pointing their business challenges and matching these directly to start-ups with the right solutions.
Start-ups will be pitching to the corporates one-on one during the SMC – 2019 with an opportunity to work with them or for Strategic Investments. This will be a pre-curated match making of the start-ups so that the best suited companies are been presented to the Corporates during the final pitch day.
Our panel of esteemed and leading investors will rigorously evaluate the applying startups even before the final event day with an objective to cash-in on the opportunity to fund the winning startups. Start-ups from any stage can apply but the final judgement rests with our panel of investors and they would rigorously evaluate the startups for their fundamentals, market fit, team and business potential.
We found through research that the eco-system of start-ups is not complete till we look into the People Factor. Most of the Founders find a need of a person/s that can complete their Leadership Quotient .By doing so they can address issues in a more holistic manner towards success. This SMC -19 event we will witness Founder Match making taking place through a unique behavioral tool which will enable the founders find co-founders and make their path clear in their onward business journey.
Launch of Pune based VC funds
In November 2017, Alacrity India Fund, a part of Canada based investment management firm Wesley Clover International became the first venture capital fund to be headquartered in Pune in collaboration with Ideas to Impacts. Guild Ventures, Windrose Capital and Better Capital, International Fund have also created funds to Invest in Pune based Tech Start-ups.
Acquisition of startups in Pune
The start-up landscape has witnessed considerable acquisitions over the past years. Some examples Raincan Acquired by Bigbasket and Torqus Acquired by Times Internet.
Emergence of SaaS Unicorn’s in Pune
Pune has become a strong B2B SaaS Tech Hub with Companies making in the list of Unicorns like Icertis, Mindtickle, Druva Technologies and Earlysalary, These Pune based raised more than $ 600 Million to capture the Global Market.
Pune declared as a Smart-City Pune
Idea Factory Foundation (PIFF) was incorporated by the Pune Smart City Development Corporation (PSCDC) to serve as a one stop shop for startup, PIFF has created a 5 crore Fund for Startups in Pune and to support the 19 Incubators of Pune.
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