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Home > About us > In focus

IIT E-Summit 2011

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Essar works towards the objective of attaining "thought leadership" in the "entrepreneurship" space as title sponsors of The Entrepreneurship Summit 2011

February 23, 2011 Bookmark and Share  
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Essar was the title sponsor of the "The Entrepreneurship Summit 2011" of IIT Bombay. The Entrepreneurship Summit 2011 is a combination of three smaller events — the i-weekend, The Entrepreneurship Summit, and TEDx.

i-weekend is a concept of a Spanish organization to promote entrepreneurship. It brings together talented entrepreneurs and professionals who select three ideas from the many presented, and bring these to reality by collaboratively developing a business plan and a prototype over a weekend. The i-weekend had 60 participants. The three teams formed for the three best ideas were allotted a mentor each, who mentored them for two days. The teams then presented their business plans before 20 VCs and angel investors who funded the best idea.

The E-Summit is a unique initiative by The Entrepreneurship Cell of IIT Bombay that gives the business community a social forum to interact with the best student teams from colleges across the globe and a chance to meet entrepreneurial leaders. Lectures by eminent speakers and successful entrepreneurs, VC pitches, mentoring sessions, panel discussions, workshops, start-up showcases, bar camps, case study analyses and business simulations are added attractions at the E-Summit. The focus area of the summit revolves around entrepreneurship and innovation.

Essar took the opportunity to ensure maximum visibility to its brand. An exclusive HR kiosk was set up at the main venue emphasizing "Building a Learning Organization", which sparked curiosity about Essar in the more than 2700 people who attended the E-Summit.

The Mumbai chapter of the TEDx event will be organized in March 2011 with the theme being "Motivation for Young India". The theme is in the spirit of TED's mission of "ideas worth spreading". There will be four speakers for the event, one of whom will be from Essar.

The plans ahead are to enable mentoring sessions and panel discussions by Essar business heads at the IIT, summer training and research facilities at Essar for IITians, and talent acquisition from the IIT. Long-term partnership with IIT for the E-Summit, an equity-stake in IIT’s E-cell forum, being part of the VC panel in the E-Summit and providing seed capital to budding entrepreneurs are some other initiatives in the pipeline.

 
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