Udaipur is an ideal destination for developing a vibrant and strong Startup ecosystem since it has an IIM and five private universities. The platform provided during the fest will be of immense use to the young budding entrepreneurs and startups, said Principal Secretary Industries, Government of Rajasthan and Managing Director, RIICO, Ms Veenu Gupta. She was speaking at the inaugural session of the one-day Udaipur Startup Fest held at Chamber Bhawan of Udaipur Chamber of Commerce and Industry (UCCI) today.
Addressing the inaugural session, Veenu further said: “Rajasthan has always had a strong entrepreneurial talent. Since the signing of an MoU between RIICO and CIIE initiatives IIM-Ahmedabad in June, 2013 the start-up ecosystem in the State has gained momentum over the last two years. Start-up Oasis, the Incubation Centre of RIICO at Jaipur has trained, through their workshops, more than 1000 students, supported more than 100 start-ups and incubated 58 start-ups.”
Highlighting the Rajasthan State Startups Policy 2015, she further said, “The policy which was announced in October last year just before the Resurgent Rajasthan Partnership Summit is a realistic policy that will lay down a road map for next 5 years. Through the policy we are actively engaged in expanding the Startup ecosystem in areas beyond Jaipur”, she said.
She further told that in the policy there was a provision for organizing one major national level start-up festival like Startup Fest-2015 held in Jaipur last year. It would also organize two small Startup Fests. It is in line with this provision that such Startup Fests will be organized at regular intervals in different regions of the state to inculcate the habit of innovation culture and commercialization thereby creating a dynamic environment.
Earlier, the Chief General Manager, RIICO, Anil Sharma gave the welcome address and the Chief Operating Officer at Startup Oasis, Chintan Bakshi concluded the inaugural session by giving a presentation on the Rajasthan Startup ecosystem.
The fest will see a participation of more than 300 people including a total of 100 startups, 15 angel and venture capital investors, 30 mentors and startup coaches as well as 20 speakers at a common platform.
Other prominent speakers at the inaugural ceremony included, Founder and CEO of BOOND, Rustam Sengupta; Co-founder and CEO of Thrillophilia.com, Chitra Daga who shared their experiences and journey of growth of their Startups.
The inaugural session was followed by an interesting session on Udaipur Startup Ecosystem wherein the speakers threw light on the growing Startup ecosystem of the region.
The event also witnessed ‘Startup Expo’ where over 22 Rajasthan-based Startups showcased their services and products to the investors and mentors who attended the fest.