‘Corporate Connect and Startup Simulator’ were conducted on day four (29-05-23) of a week-long event called ‘Summer Startup School’ (from 26th to 31st of May 2023) which was organized by Venture Development Centre (VDC), GITAM Deemed to be University.
We had a chance to connect with Krithish Kumar, a very young entrepreneur, an Ecosystem Enabler Subramanium Nadar, Innovation Manager at Adani Ports and SEZ and Roshan Rawal, MD & CEO, Immersive Solution AR VR Pvt Ltd recently organized a highly engaging and informative corporate connect event where ecosystem enablers had the opportunity to connect with students’ entrepreneurs.
The event aimed to show what are the things are being done to bridge the gap between the startup world and the corporate world, providing students with valuable insights and actual examples of Innovation done by startups and corporate after coming together.
Speakers, representing various industries and sectors, actively participated in the event to share their knowledge, experiences, and expertise with the students. These enablers included prominent professionals, entrepreneurs, and executives who showcased their organizations’ achievements and discussed emerging trends in the business landscape.
The event featured interactive panel discussions with Subramanium, Roshan and moderated by Tinoo Ubale, Program Manager at VDC providing students with a holistic understanding of the startup-corporate ecosystem. The panel discussions focused on topics such as innovation, entrepreneurship, digital transformation, and startup-corporate ecosystem. Students had the chance to ask questions, seek advice, and gain practical insights from industry leaders.
In the post-lunch session, a Start-up Simulator was organized. In this simulation, students could experience what it’s like to run their own startup company as they navigate the process of building and growing a successful startup. They were given various challenges and were to make decisions that will impact the success of the given venture, make strategic choices, manage resources, and adapt to various scenarios.
The students worked on five unique and complex start-up case studies, worked on stakeholder analysis, SWOT analysis, collaborated with peer start-ups, networked with investors, and finally worked on crisis/conflict management for uniquely tailored crises that startups might face. By simulating these aspects, students can gain insights into the challenges and opportunities of running a startup in a risk-free environment. It can also help students learn about different strategies and refine your decision-making skills.
