Pune | ‘Conclave & Startup Expo 2024’ inaugurated in the city
Pune : Innovation & Startups are boosting the development of India. We need to inculcate entrepreneurship amongst youngsters & promote the conversion of innovative ideas to businesses, say experts from the industry.
A one-day Investment Conclave & Startup Expo 2024, organized by AIC Pinnacle Entrepreneurship Forum in association with funding partners namely ‘Arthayan’, ‘Jain International Trade Organisation (JITO, Pune)’ & JITO Incubator JIIF has been inaugurated in the city.
Dr. Sudhir Mehta (Chairman – Pinnacle Industries Ltd. & Eka Mobility ), Lt. Gen. Rajendra Nimbhorkar (Retd), Ajay Bhagwat (President TiE Pune), Dr. Rashmi Urdhwareshe (Former Director ARAI), Bharat Agarwal (President Vishwakarma University), Deepak Mhaisekar, former Director of State Export Valuation Committee, Rajesh Sankla (Chairman JITO Pune), Vijay Bhandari (JITO Pune), Jeenendra Bhandari (JITO JIIF), Aniruddha Jog of Arthyan were present on the occasion.
In this conclave, eminent professionals, investment experts and mentors from various fields interacted with the attendees. More than 20 investors participated in it & 36 startups pitched for funding in front of them. Along with this, 30 startups participated in the expo & showcased their work. These presentations were done in front of a distinguished panel of investors, offering an unparalleled chance for startups to attract crucial investment. Takeaways of the conclave are that, 13 Startups will get funding from investors.
Investors like Mumbai Angels, Prath Ventures, ThinQbate, Lead Angels, Relatient, BAce Ventures and Cogniphy were present. In addition, angel investors (individuals) of JITO Pune, having interests in funding early-stage startups from various sectors including Ravi Sankla (Raviraj Group), Sujay Shah (Mahati Group), Ajay Mehta (IBN Technologies), Abhishek Bhatevara (Rohan Builders), Umesh Bora (Makwana & Tanmay Constructions), Shri Vijay Bhandari (BJB Papers) were also shown the interest to invest.
Dr. Sudhir Mehta said, “India is growing fastely & youngsters have lot opportunities to explore themselves. This conclave is a platform to showcase their innovations & investors are ready to fund innovative ideas. By bringing together startups, investors, and industry stakeholders under one roof, we aim to catalyze innovation, foster collaboration, and drive sustainable growth within the startup ecosystem. The startups from sectors including Renewable Energy, Social Innovation, EV, Automotive, Agriculture & Food, IT, IOT & Automation, Construction Technology, Manufacturing & Engineering presented their scope.
This conclave will help to create wealth from innovation done by youngsters. We are running several initiatives at the university level to give scope to these innovations among the students, mentioned Bharat Agrawal.
Lt. Gen. Rajendra Nimbhorkar emphasized research and innovations in the field of the defense sector. Rashmi Urdhwareshe spoke about the automotive sector and its challenges. Jeenendra Bhandari said that this kind of expos will help for development of the country. Deepak Mhaisekar appealed that we have to focus on developing entrepreneurship amongst the youngsters.
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About AIC Pinnacle:
AIC Pinnacle Entrepreneurship Forum is a not-for-profit, section 8 company supported by industry stakeholders to facilitate innovation creation and incubating start-ups. AIC Pinnacle, as a startup incubator supports the creation of a vibrant and high-impact entrepreneurial ecosystem focused on innovation in key sectors leading to inclusive and sustainable techno-socio-economic development in India. AIC Pinnacle is supported by Atal Innovation Mission, NITI Aayog, Govt. of India, DCMSME, Ministry of MSME, Govt. of India, Ministry of Electronics and IT (MEITY), Govt. of India, DPIIT, Ministry of Commerce & Industry, Govt. of India and Pinnacle Industries Ltd. AIC-Pinnacle has supported over 75 startups through its rich pool of 90+ mentors in diverse sectors. AIC Pinnacle is also an Intellectual Property Rights Facilitation Centre (IPFC) under the Ministry of MSME supporting IPR creation amongst MSME. AIC Pinnacle is a group company of Pinnacle Industries Ltd., a leading auto component manufacturer in the country with a manufacturing presence in Pithampur (Indore)- Madhya Pradesh, and Pune.