The E-Summit of IIT Bombay saw some quality content with the students getting an insight into entrepreneurship from the experts. Jim Beach, the Co-founder of School for Startups interacted with the budding entrepreneurs and smashed apart the prevailing myths of entrepreneurship. He said that in starting up, the only risk is that of money. To which he said ‘don't spend! 450 of the fortune 500 companies started with very little or almost nil investment'. He also attacked the popular myth of ‘Innovation for Entrepreneurship' and said, '93 percent of world's companies are a pure copy of the others'. He signed off on a controversial note saying that don't have passion for your work. Have passion for your loved ones. That way life and work both become a lot happier. The session was interactive as well as humorous.
Radhika Goel, Media Manager, Entrepreneurship Cell said that the much awaited Ignite sessions were welcomed with mass audience. Rhapsody labs and OneBeep (by Vinayak Jeet aka Vinny Lohan) presented their ideas which were met with applause and appreciation. Rhapsody Labs deals with digital mannequins and virtual changing rooms, an idea that is novel to India.
Christian De Neef, founder of Fast Track consulting emphasized on why innovation and creativity are important in Entrepreneurship. He also talked about how important collaborative research and development have overthrown isolated, competitive R&D.
