Startups Mrinq Technologies, TGP Bioplastics and Anabattlefield Systems are headed for the final round of a startup pitching competition in Delhi.
The ASSOCHAM Startup Pitching Competition competition held on November 8 at the Goa Institute of Management, Sankhalim saw 80 applicants pitting skills against each other. Of them 25 applicants were shortlisted. Shortlisted startup unit owners got a chance to meet experienced mentors, investors and companies having decades of industry experience who helped give better shape to their business idea and pitch for funding.
All the applicants were evaluated on the basis of parameters such as innovation, problem solving, social impact, team qualification, experience, business scalability, profitability and others. The startups were from different sectors and they mostly belonged to the early stage category i.e. those with less than two years of operations. There were also slightly established startups with three-five years of operations as contenders.
After careful review and evaluation by an expert panel of judges, the panel selected Rohin Parker and Malcom Dsouza, partners, Mrinq Technologies LLP, Karan Chavan, TGP Bioplastics Pvt. Ltd., and Rajeshwari Chinagudi and Somalingappa Chinagudi, Anabattlefield Systems Pvt. Ltd., as winners.
The winning startups stood out among the rest for demonstrating exemplary innovation and other achievements. As part of the elevator pitch all shortlisted entrepreneurs and founders were given 300 seconds to explain the concept and idea of a service or product to the jury.
The winners will now be competing in the grand finale in February 2020 in Delhi. Besides, they will also get an opportunity to scale up and raise finance or even get into marketing partnership with venture capitalists, mentors or independent professionals of global repute.
“With the sole focus on making Indian startups successful, the ASSOCHAM Startup Launchpad is proving to be a great enabler for tier II and III centres. The competition helps budding startups seek collaborations and business associations with investors and corporates,” said Manguirish Pai Raiker, chairman, MSME Development Council, ASSOCHAM.