Panaji: With a view to give impetus to Goa’s budding startup ecosystem, state minister for information technology (IT) Jennifer Monserrate will inaugurate an ASSOCHAM Startup Elevator Pitch event on Friday, November 8 at Goa Institute of Management (GIM).
In a press statement issued here, the chamber has said that ASSOCHAM Launchpad – Startup Elevator Pitch Series, an initiative and platform for budding entrepreneurs is being organised in twelve cities across India.
“Under this initiative, ASSOCHAM is giving upcoming startups in tier II and III cities of India an access to industry experts who can give them the guidance they need on business, product, marketing and also connect them with right people that can help with funding process and proper guidance on how to setup business case for funding,” Manguirish Pai Raikar, Chairman, ASSOCHAM MSME Development Council said.
“This pitch competition is a great place for all Goan entrepreneurial voices to be heard as it would help young entrepreneurs across the coastal state to showcase their ideas in front of the entrepreneurial community, pitch to multiple investors, get insights on how to scale up business, gain some valuable exposure and feedback,” he said.
Co-chairperson of ASSOCHAM National Council Tripti Somani said that the ASSOCHAM Startup Launchpad is helping talented and aspiring entrepreneurs network, build partnerships and, most importantly, giving them a chance to secure funding and accelerate their business.
“The event will give upcoming Goan entrepreneurs a chance not just to prove themselves in front of a prestigious crowd, but also to mingle and gain access to ASSOCHAM’s network and resources,” she added.
Ms Somani, who is also CEO, KGS Advisors, knowledge partner for ASSOCHAM Launchpad further said, “We at KGS Advisors are happy to offer the top three from every city with the financial and compliance advisory services, and would love to be part of their service to the nation.”
The organizers said that the format of Elevator Pitch is such that the entrepreneurs and founders are given 300 seconds to explain the concept and idea of a service or product to a panel of judges and a big, live audience.
“Early stage startups i.e. those between zero to two years of operations and established startups between 3–5 years of operations are invited for participation in Goa round. The top three winners from Goa will be invited for grand finale in February 2020 in Delhi and will have the opportunity to win prizes worth up to INR 1.5 crore,” the organizers have said in a press statement.