Business ideas by Ishita Yadav from Bangalore, Shivank Joshi from Jaipur, and Ratish Panda & Soham Sen from Kolkata have been adjudged as the top three winning ideas under Venture Capital Fund Competition for high-school students. Atria University, Bengaluru, on June 11 announced the results of this India’s first-ever such competition in a virtual conference.
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). ABiC will help the winning students to build their products further with support in different areas including design, prototype, and market launch.
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.
Blood Insure, 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.
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.
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.
Commenting on the competition, Shaheem Rahiman, Chief Executive Officer at Atria University said, “We are focused on redefining tech education in India. We 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. The jury has had a tough time narrowing down to the top 3 entries. We have always believed that there is a unique talent in India and the world is looking at us to come up with the next big ideas. We congratulate all participants and wish that many of the ideas submitted take the leap into reality soon.”
Aimed at encouraging high-school students to share viable ideas to address complex industry challenges, students across India from cities like Bhilai, Bangalore, Chennai, Delhi, Jaipur, Kolkata, Mumbai, Nagpur, Pune, among others participated. The competition’s 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.