NewZNew (Panchkula) : Second day of the on-going Startup Jalsa began with an interesting session reverse pitch where in the investor pitched for themselves to fund seekers. Besides giving an overview of their business operations, they apprised the young entrepreneurs, what value proposition they offer, the differentiating factors and how there support can make a business idea a success.
Startup Jalsa, a three-day unique event organized by The Ideaz Factory, which has brought entrepreneurs, mentors and investors on a single platform had took off on Sunday. More than one thousand entrepreneurs from across the country are visiting the event to get mentored from industry leaders and acquaint themselves with investors from across the world.
It was interesting to witness a two-way hunt where both entrepreneurs and investors were seeking each other. Around twenty investors assembled from across the globe for the event gave an insight about funding process to the young entrepreneurs.
Nitin Narang, CEO, The Ideaz Factory, who is also the Festival Director said, “We are glad the way event has taken shape. The idea of bringing entrepreneurs, investors and mentors into one platform has been very fruitful and the response from both entrepreneurs and investors alike has been highly encouraging.”
Moving on from first day’s session, Elevtor Pitch where in startups were given 60 seconds to present their business ideas to perspective investors, second day led to reverse pitch where in the investors community was vying to financially back best of minds and ideas. Over 100 entrepreneurs pitched their ideas to investor community on day one.
After the inaugural session, all the startups were given an opportunity to personally interact with any of the twenty investors available. Named as ‘Khopcha’, small cabins were earmarked for all the investors where in startup could pitch ideas for as much time as they could.
In midst of some serious discussion on business ideas and investment had some lighter mood elevating moments with some of the entrepreneurs picking up a guitar and showing their musical skills.
