Kolkata students win India’s first Venture Capital Fund Competition for high- schoolers hosted by
News Desk, News Nation 360: Atria University, a novel attempt at redefining higher education in India, announced the results of India’s first-ever Venture Capital Fund Competition for high-school students. Business ideas Ratish Panda & Soham Sen from Kolkata, Shivank Joshi from Jaipur and Ishita Yadav from Bangalore, were the top 3 winners in the competition. The winning students will receive mentorship from industry professionals and faculty from MIT. The teams will have access to 30 lacs in venture funds and be inducted into Atria University’s Business Incubation Center (ABiC). Atria University received an overwhelming number of submissions from students across India from cities like Bhilai, Bangalore, Chennai, Delhi, Jaipur, Kolkata, Mumbai, Nagpur, Pune, among others. The ideas were directed to solve a challenge in 5 emerging disciplines - Digital Transformation, Energy Sciences, Interactive Technologies, Mobility, and Sustainable Life Sciences - futuristic majors offered by Atria University. The competition’s stellar panel included industry stalwarts and academic leaders such as Ajit Kumar, Country Leader, Deloitte Digital India; Dr Arjendu Pattanayak, Professor of Physics & Former Department Chair, Carleton College; Jose Estabil, Trustee Emeritus (Sc. B., Sc. M.), Brown University, and Former Director, Entrepreneurship and Innovation at MIT, and Sameer Brij Verma, Managing Director, Nexus Venture Partners. The panellists earlier shortlisted 8 business ideas from all received entries across the nation and chose 3 top ideas that will now receive startup support from the Universities’ fully-functional, incubation centre. ABiC will help the winning students to build their products further with support in different areas including design, prototype, and market launch. Top three winning ideas are (1) PrediTech, a software designed by Ishita Yadav (Bangalore), aims to harness the power of artificial intelligence to reduce human error and improve efficiency in hospitals. (2) BloodInsure, a concept designed by Shivank Joshi (Jaipur), aims to set up a donate blood-from-home service to ensure India’s blood banks have adequate and timely supply amidst the pandemic. and (3) SpaceY, a multipurpose online platform designed by Ratish Panda and Soham Sen, both from Kolkata, aims to connect designers, makers, and the market to enable efficient manufacturing practices in India. Shaheem Rahiman, Chief Executive Officer at Atria University, told they are focused on redefining tech education in India. They want to create future leaders who can address the most complex problems faced by the global industry today. This Venture Capital Fund Competition was an attempt to encourage students to think differently and empower them to transform the world that they see around them. It has been a humbling experience to receive world-class ideas.
Report: Anustup Kundu