“We are a competitive and capable team of the IITians with a vision to revolutionise the way people think about sleep and let them extract the most out of their sleep. In last but not least, We are highly obliged to E-Cell, IIT Kharagpur and our Empresario 2016 mentor Mr. Vishal Bansal. He has helped us a lot to understand startup ecosystem.
Empresario is the best place to start Entrepreneurship journey for students. I have learned a lot by going through this competition. In addition, I would like to thanks E-Cell IIT Kharagpur for their efforts to make it grand success. “- Laxmi Kant Tiwari- Co-founder at mbreath(Best IITKGP entry at empresario 2016-17)
Ticket Jugaad :
Soteria Solutions :
Alive Homes :
Helped us create a refined Business Model:
Participating in Empresario helped us think critically about virtually every aspect of our startup. Right from our target market and its size, our competitors to scalability of our product etc. This helped us to take a step back and assess our startup with a level of detail one might have overlooked on daily basis.
Multiple points of Feedback and Mentorship:
Throughout the competition we were critiqued on an evolving Business Model by the mentors who helped us a lot in finding out the loopholes in our model and helping us in fixing it. Further Empresario helped us in Networking and build connections with the judges, investors and entrepreneurs, who at later stages helped us a lot whenever we faced some problems.
Lastly thanks to Ecell, IIT Kharagpur team for helping us throughout the competition and organizing the competition very smoothly and professionally.
Mind blown, Empresario was the best B-Plan competition out of the 8 we have been selected in. The judges asked critical questions and made sure that it wasn't an easy process. After the competition and before the result, all the judges interacted with us, networked and gave us insights on how to move forward informally. Another great experience handed to us through Empresario was the IBMC. The mentoring we received at the Microsoft campus was class apart and gave us a US based perspective on how to run a business, besides an amazing opportunity to network. We stayed in touch with several of the judges till now and they have introduced us to several VC opportunities. The E-cell team is extremely supportive before, during and long after the competition.
Very few platforms in India can be as grand as IIT Kharapur's Empresario. From a competition standpoint, the standards at Empresario are unmatched, with all teams having to qualify through a series of rounds to make it to the final round. The fight is so tough that in the final round one only meets fully functional startups from across the country. No wonder that the Empresario stresses on being a business model competition.
Winning the Empresario allowed us a chance to travel to the Microsoft campus in Washington and compete at the International Business Model Competition, which was global exposure in the truest sense of the term. The team at IIT Kharagpur helped us till the end to see it done. So glad we were part of this!
Empresario is a great platform for budding entrepreneurs. It gives you all kinds of experience from mentorship to pitching and raising some fund also. The kind of people you meet and the exposure you get is really great. Any participant would make great contacts and also friends in different fields.It a great opportunity and platform for entrepreneurs and startups. I would suggest everyone to give it a try if you have a startup or a idea. I also thank empresario and IIT Kharagpur students for organizing and managing such great event.
The platform that Empresario provided, helped us make a refined and solid B-model making us think critically about various aspects of business, ranging from technology it's applicability on a massive scale to distribution channels, supply chain, sales teams, key associations etc with the help of a dedicated mentor. Empresario also helped in connecting with the various potential investors, clients and other start-ups, who could help us in growing at a relatively faster pace.
Steve Blank once said “Business Plans are poor planning and execution tool for startups, thus Business Plan Competitions are waste of time, and we should replace them with Business Model Competitions”
That is exactly what is trying to do. Rather than writing a plan inside a building, one should get outside and learn how to pivot. And 'Empresario' compelled our team to do so, because we were being judged based on our performance, what we built and what we learnt rather than our future plans.After winning as Best In-house Entry, we realised that money is the least of things you can gain at any competition, there are other very important benefits for certain inexperienced entrepreneurs such as getting to know the competition, make connections with Angel Investors and VCs, ask successful entrepreneurs for their feedbacks, sometimes you may even find a mentor there.
Our team got an opportunity to meet entrepreneurs, angel investors and venture capitalists, which didn't only helped us make network but also gave an idea about how the competition is growing and where is the VC money flowing. Other than that our team also got a constant feedback after every round from the judges reviewing the models, which proved to be very helpful for us while improving the product.
Empresario 2015 was a pleasure to participate in and for everyone's ease it was kept centrally in Kolkata. There was ample time to network with both other entrepreneurs as well as the investors and mentors that attended the program. The visibility offered by collaboration with media was also very helpful to us in promoting our pioneering "Make-in-India" efforts for rare cancer management