Navkriti – A Spring board for Start-ups (@NITIE-Mumbai)

Navkriti , a start-up showcase event was organized on 24 October 2009, in the beautiful campus of NITIE Mumbai. It was organized as  part of their annual entrepreneurship summit  – Empresario.  MVP supported the event as a partner for Navkriti.  We offered 1 month of free engagement with MVP to the top teams and I participated in the event as a jury member. I really liked the show that they put up. As a result our partnership – currently we are actively engaged with 3 teams from the lineup – which is the best result we got so far.

Navkriti is not just another B-plan competition in which students from MBA and Engineering colleges participate.  In most of these B-Plans competitions, it is rare to find a team that has intentions of starting a real company or have already started. Most teams are just interested in the prize money and the certificate. Navkriti on the other hand does not allow student participation at all. This event is only for real  startups and thats what makes it fun.  And since the shortlisting was done with the help of SeedFund, the quality of finalists was quite impressive. The line up included 8 companies across different domains like – health care, data security, consumer electronics,  entertainment,  SME services, micro finance.  The jury was quite good as well with representatives from MVP, Helion , Seedfund, Anand Rathi and NITIE.

The event started a little late because one of podiums broke but once started it was executed very well. I enjoyed myself in the company of intelligent jury members and good participants.  3 companies out of the lineup were kind of mature companies and 5 were startups. Out of the startups the following were most interesting:

  • iDubba : A web and mobile based interactive platform that aims to revolutionize your TV watching experience by providing personalized recommendations. The consumer data will be used to generate viewer analytics, content consumption reports and trends of the TV industry. These reports will be sold to the players in the television industry like TV Channels, Production houses, Advertisers etc
  • Data resolve: Generation data security company with products that help protect the computers from un-authorized access of USB Drives, IPODs, Digital Cameras, SD Cards, Cell Phones with uHook USB Disk Security. The next battle of security will be fought around these areas, market is still open and it will be good to see how these guys progress
  • Saffron Labs: Building low cost and high quality consumer electronics gadgets like – a universal remote that you can really use, wireless digital photo frames etc. The team behind the venture is excellent with professional who have over a decade of experience each in various aspects of the domain.

Congratulations to the NITIE team for organizing a good event and we look forward to a long term association.

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