Celebrating Entrepreneurship At Udaipur Startup Fest
Like other cities in India, Udaipur has also successfully conducted a Startup Fest at Udaipur Commerce and Industry creating a landmark in the National Startup Ecosystem. The even witnessed more than 100 entrepreneurs from different parts of the country. Along with these innovative minds, many investors and mentors also took part in the fest providing great support and guidance to the upcoming startups. The fest was a designed products of RIICO,in partnership with IIM Ahemedabad’s Centre for Innovation Incubation and Entrepreneurship and Oasis, a Jaipur based startup.
The Events As They Unfurled
The fest was a mixture of events including a bootcamp which was held on February 5th, and the grand finale on 6th February. Another attraction of the fest was the panel discussion on Startup Investment and Investor’s Perspective which went on for an hour. Numerous topics and perspectives were discussed, and the panelist threw light on many new initiatives and ideas. They discussed about seed investing, startup ideas, investor concerns, revenue models, founders’ qualifications and many more.
What They Had To Say About Investments?
The fest threw people into a lot of ideas and understandings. Shrikanth from Hyderabad discussed his views on the importance of finding the right investor as investors need not be sector specific, but at the same time some investors are exclusive to a certain sector. Another participant addressed the concern by saying that investors look for advantageous strategies as they identify the appropriate investing opportunity. The smart investors are not looking for how huge the idea is, but rather how genuine and scalable it can be. Manish said that investors do not really value the valuations, but give importance to the growth and operations of the company.