NIT Calicut to host NASSCOM Startup 20/20 from Feb 27 – Mar 01


Kozhikode: The Calicut Forum for IT (CAFIT) and NASSCOM, the premier industry association for IT and ITES in India, are organising a Startup 20/20 from February 27 to March 01, 2015 at NIT Calicut (NIT-C), in partnership with the Dewang Mehta Foundation Trust, along with NIT-C and IIM Kozhikode.

Startup 20/20 is a weekend venture, acceleration and hands-on entrepreneurial skills enhancement event, for young IT entrepreneurs. The weekend format of two and a half days is designed to get good team bonding and give time to participants to mix and know each other well, generate ideas, business models. Continuous mentoring will be available from industry veterans and mentors.

It is designed for both experienced startup teams and those new to the field. For experienced entrepreneurial teams, they can work out a new idea over the weekend and take that fresh experience and energy back to their existing startup, they can even find new talent to scale up and or collaborate on their existing ideas. Those starting up new get good idea of what it takes to launch a startup.

These sessions allow the participating teams to take their idea from conceptual stage to where they have a business plan, preliminary marketing plan and a greater understanding of their customers and value propositions. Teams are also required to build a prototype of their idea. Thus by the end of the programme, the team has greater understanding of various phases of launching a Start-up. Teams who are more experienced can do a test run of their new ideas.

The final judging session on March 01 would allow the teams to see how well they have done over the weekend and how well were they prepared for the various questions that the judges have in their mind. Finalists will be awarded with suitable prize money and seed funding as appropriate.

In a statement, Rajiv Vaishnav, Vice President, NASSCOM said, “Startup 20/20 will focus on nurturing IT Entrepreneurs in the Malabar region and creating a sustainable eco-system. This will result in more Start-up activities here to evangelise the Entrepreneurial dreams of the young aspirants.”

Ten colleges from Malappuram, Kozhikode and Kannur Districts are participating in this event where Mentors are coming from Bangalore, Mumbai Chennai and Ahmadabad.

Kerala IT News