Experts to brainstorm how to make Lucknow a start-up hub
LUCKNOW A panel discussion on how to make Lucknow a start-up hub will be held during the angel investors’ meet that the Lucknow Management Association (LMA) will host on the Amity University campus on Monday.
The event is formally known as ‘Lucknow#LEADS: The Next Million Dollar Pitch.’ Start-ups will vie for attention of angel investors during the meet.
Disclosing this, AK Mathur, senior vice-president of the Lucknow Management Association (LMA), said several organisations will participate in the event.
Mathur said the participants will include Govin Capital, a Singaporebased Venture Fund, LEADS (a company floated by Kumar Ranjan, director Artificial Intelligence at Mean Metal Motors), a Bangalore based start-up which has developed an electric driver less car, TiE Lucknow Chapter of the Silicon Valley-based global organization promoting entrepreneurship.
The others are: Headstart, a Bangalore based Pan India non-profit for promoting Start-ups and Entrepreneur Organization (EO), a global business network of 12,000 organisation with a UP Chapter comprising 41 leading entrepreneurs of the state.
Anup Chandra Pandey, UP’s Infrastructure and Industrial Development Commissioner (IIDC) busy with the UP investors’ meet is the present chairman of the LMA. Former UP chief secretary Alok Ranjan, who is also the patron of the Lucknow Management Association, will inaugurate the event.
There will be parallel pitch-in sessions in which about 30 shortlisted teams of students and existing start-ups will make their presentations of their business plans in sectors like education, health, high technology, social entrepreneurship, agri-tech, and e commerce. In the run up to this event, the LMA, in collaboration with LEADS conducted a series of workshops at various business schools where the students presented their ideas and business plans which were shortlisted for presentation in the event.
Mathur, who is involved with Ranjan and his team in giving a shape to the event, said the Small Industries Development Bank of India (SIDBI) is the chief sponsor of the Government’s Fund of Funds for Start-ups with allocation of Rs 10, 000 crore from the government of India and Rs 1000 crore from the UP government. The Venture Capital Fund Vertical of SIDBI has nominated four fund managers like Orios Venture Partners, India Quotient, YourNest Angel Fund, and Unicorn Venture Partners to act as jury to evaluate business plans to be presented in the event. In addition, venturecatalysts.in and Govin Capital have also been invited to be the part of jury.
30 SHORTLISTED TEAMS OF STUDENTS AND EXISTING STARTUPS WILL PRESENT THEIR BUSINESS PLANS