About Arambh – The Entrepreneurship Cell of MDI, Gurgaon
“Arambh” which means the beginning or the start, is the Entrepreneurship Centre at MDI Gurgaon and represents the following characteristics:
Arambh’s Initiative in year 2016:
This academic year, Team Arambh was the first club to pull off an event. This marked the launch of Second Season of Ptichers! Students could participate in two ways. Either by becoming an Investor who will be investing his virtual money in the available companies or by representing a startup. The Startup representatives had to make an elevator pitch to all the investors and gather the highest funding. The event was a huge success with great turnaround and some great ideas from the student community.
In the second episode of Pitchers, a Harvard Business School’s simulation game was conducted. This was a new concept and focused on real time application of game theory. It gave an experience of running a business where startups had to compete with other startups to sell their products and also pitch investors for funding.
Disruptathon – The house of Disruptive Ideas
“Disruptathon – The house of disruptive ideas” is the flagship event of Arambh – The Entrepreneurship Cell of MDI. The event is not just another business competition rather encompasses interaction with industry experts, workshops, mentorship and critiquing of ideas as well. This year it had more than 500 registration from all over the nation. The event consisted of a quiz as the elimination round. After which the selected teams were called at MDI Gurgaon to attend a Business Model Canvas workshop. This workshop was undertaken by Mr. Himanshu Periwal, VP – Growth, ixigo.comandProf. Rohit Prasad.
The participants learned from the experiences of Himanshu and refined their ideas with him. The came up with the entire business model after having a one to one interaction with Himanshu and Prof. Rohit Prasad.
The next day these entries were judged by Prof. Nakul Gupta, Coordinator, Centre of Entrpreneurship, MDIand Mr. Shubham Narayan, Senior Associate, EY Global. The winning team bagged chance to start their business in association with Arambh and MDI.
Arambh’s association with Startups :
Talkabouting is a digital establishment that empowers students to network with each other from across the globe. Students round the globe can post their voice messages to interact with other students on various topics. Arambh conducted a competition for Talkabouting. This was held between MDI Gurgaon and IIM C.
Xeler8 is a venture fund focused on early/beta stage startups. It proposed to invest in ideas and startup from MDI, Gurgaon. Each idea/startup had an opportunity to get over Rs. 35 lakhs.
1. MDI has a long tradition of producing entrepreneurs and job creators. This year was no different. Several proud mandevians ventured into the world of entrepreneurship in fields ranging from food technology to financial technology. Some of the notable companies that were started by recent graduates of MDI are - Stylofie by PrateekAggrawal and SauravDey. This company has not raised $250,000 in seed funding from a Hong Kong-based company Swastika but is also making acquisitions. Other recently started and prospering MDI alum based ventures BYG (mobile based fitness marketplace), ScrewCash (a fin-tech startup), Stoic Advisors (a financial analytics company), BigMedic (a healthcare logistics company) Buttlr (food tech company) and Urban Greens (an organic cold pressed juices company).
2. MDI is also furthering its efforts to augment entrepreneurial support to existing students and passouts and non-MDI people in general. This endeavour is upheld by the Entrepreneurship Centre at MDI known as Arambh. Arambh is actively engaging in not only mentoring students and alums and other people for starting ventures but also partnering with potential stakeholders that can provide funding, market access and intellectual support to our students and alums. Recently, Aarambh partnered with SACC to organize a Bootcamp at MDI. The details for the same were there in the national daily THE PIONEER and are also attached along with this mail.
3. The selected team presented their ideas at Startup Weekend which was held from March 04-05, 2016 at Gurgaon as part of Happening Haryana initiative of government. The details for the same were there in the national daily (Times of India) and are also attached along with this mail.
4. Combination of rigor and relevance is one of the key areas how an academician can make a difference. Efforts of past one year have allowed us to come our with meaningful and impactful research which is published as an article in Harvard Business Review which describes and deliberates - "Should Startups Re-hire an employee that left"?. It is published in the December 2016 Global issue of Harvard Business Review and focusses on startups and talent and has been co-authored by the Coordinator, Centre for Entrepreneurship, MDI Gurgaon. This is a moment of pride for MDI and India.