All Set for YES CAN 2015
Kochi: Kerala State Industrial Development Corporation (KSIDC) has made all arrangements for the successful conduct of YES CAN 2015, the second edition of the Young Entrepreneurs Summit, to be held at Hotel Crown Plaza in Kochi on September 12, 2015.
With CAN (Collaborating and Networking) being the theme, YES CAN 2015 will be a focused event aimed at creating strong interlinks among startups across the country, networking among incubators across the country and connecting startups with angels, said Dr. M Beena IAS, Managing Director of KSIDC.
The participation in YES 2015 will be through invitation and invitations have been sent to colleges and startups to register 10 students and three representatives respectively. Over 1000 delegates are expected to participate in the event.
KSIDC will be supported by Indian Software Product Industry Round Table (ISPIRT) who has as its members, Fellows & Evangelists successful start-up founders, successful entrepreneurs, highly placed professionals etc and India Private Equity & Ventures Capital Association (IVCA) who has as its members leading PE, VC & Angel funding firms. They will bring in well-known and reputed startup founders/entrepreneurs and PE/VC/Angel funding agencies who will interact with the young entrepreneurs. They will also support in structuring the programme. 15 selected startups will pitch their proposals to IVCA panel in the event.
Chief Minister Oommen Chandy will inaugurate the summit in the presence of Industries Minister P K Kunhalikutty. The inaugural session will be followed by technical sessions where founders of successful startups and renowned industrialists would share their experiences with the budding entrepreneurs. The young entrepreneurs would be able to meet and exchange ideas with founders of successful startups from across the country. They will also get a chance to interact with businessmen, venture capitalists, Angel Funds and KSIDC officials during the event.
Similar to last year, an innovative idea contest has been launched whereby 10 innovative ideas will be given cash awards. The winners of the innovative idea contest would be presented cash awards during the inaugural ceremony. The best innovative idea would be awarded Rs. 1 lakh, while the first runner up and the second runner up would get Rs. 50,000 and Rs. 30,000 respectively. The seven other selected ideas would be awarded Rs. 25,000 each. The contest has attracted around 400 different ideas, so far.
The State Government has launched a slew of initiatives in the run up to the Summit. Startup Boxes have been distributed among fifty young mobile application developers by the Kerala Startup Mission (KSM).
According to KSIDC officials, the YES Summit held in September 2014 had helped to foster a culture of entrepreneurship among the youth and the students, and to create an atmosphere conducive to entrepreneurship in all sectors in the state. The State Government has worked towards fulfilling the promises made at the Summit through KSIDC and a host of partnering institutions such as Kerala Financial Corporation and Kerala Startup Mission (formerly known as Technopark TBI).
“As many as 70 colleges now have young entrepreneur clubs while larger educational institutions like Rajagiri are in the process of creating incubators. Around 750 startups, mostly IT and IT-enabled business startups, have emerged in Startup Village and other government facilities. Kerala Agricultural University is also creating an incubator on its campus at Mannuthy,” Beena said.