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I5 Summit 2024

The i5 Summit 2024 at IIM Indore, under the inspiring theme of “Entrepreneurship and Society,” brought together the brightest minds in entrepreneurship for a three-day journey of innovation, insights, and impactful discussions. This theme resonated through every session, speaker, and competition, emphasizing the profound connection between entrepreneurship and the broader social fabric. The event brought together students, entrepreneurs, and leaders to ideate, innovate, inspire, induce, and invest.

The summit kicked off on August 16, 2024, and was inaugurated by Col. (Dr.) Gururaj Gopinath Pamidi (Veteran), Chief Officer: Administration at IIM Indore. His opening remarks set the tone for the event, focusing on the vital role entrepreneurs play in shaping society. He highlighted the achievements of IIM Indore’s alumni, showcasing how their leadership has contributed significantly to societal well-being.

The first day was filled with energy and inspiration, with participants eagerly soaking up the wisdom shared by industry leaders. One of the most engaging sessions featured CS Ujjawal Pahwa, a finance influencer, and Ms. Anuva Kakkar, the founder of Tiggle Chocolate Drinks. Their session was a masterclass in resilience and vision, where Mr. Pahwa detailed his journey of carving out a niche on social media, and Ms. Kakkar spoke passionately about the inception of her brand, emphasizing the importance of networking in entrepreneurship.

Adding to the richness of the day, Mr. Manan Dixit, the founder and CEO of FidyPay, delivered a keynote that delved into the nuances of eCommerce and digital payments. His insights into how he revolutionized payment methods on a global scale were nothing short of enlightening, leaving the audience with a deep understanding of the potential impact of innovative thinking.

The day wasn’t all serious business; it was peppered with lively activities, including a series of entertaining engagements hosted by Red Bull and quizzes that brought out the competitive spirit in the participants.

The second day was marked by a series of insightful sessions and dynamic activities, all centered around the theme of leveraging market dynamics and technological advancements to accelerate business growth.

Mr. Hitesh Kakrani provided an in-depth analysis of market share demand fluctuations and the challenges posed by fragmented supply chains. He emphasized the need for companies to innovate and adapt in response to market variations in price and quality, stressing that leveraging technology is key to maintaining a competitive edge. Mr. Kakrani also highlighted the rapidly growing dental care sector in India, where advancements like tele-dentistry and AI-driven diagnostic tools are creating new opportunities to bridge gaps in supply and demand.

Mr. Navin Khandelwal delivered an engaging talk on building startups with a focus on financial metrics such as Net Present Value (NPV) and Internal Rate of Return (IRR). His session was both educational and entertaining, enriched by movie references that made complex financial concepts more accessible to the audience.

The day also featured “Stock Mania,” a thrilling trade simulation event hosted in collaboration with Voyage Capital, IIM Indore’s Investment and Equity Research Club. This competition tested participants’ knowledge of financial markets and investment strategies through rounds of intense negotiation and communication challenges.

The Startup Expo was another highlight, offering a vibrant platform for emerging ventures to showcase their innovative solutions.

Inspiring talks, challenging competitions, and insights into the future of technology and entrepreneurship marked the third day. The day began with an address by Mr. Pranav Pai, founder of 3one4 Capital, one of India’s leading early-stage venture capital firms. Mr. Pai highlighted the transformative power of technology and its profound impact on future business models. He discussed how advancements in technology could eventually make expertise and energy-free, significantly altering the global employment landscape. He also shared his vision of India’s growing technological capabilities, emphasizing how the nation’s talent pool could propel it to become a global leader in the digital economy.

The day’s events continued with ‘Socionnovate,’ a case competition aimed at fostering socially conscious entrepreneurial thinking. Finalists from the online round presented their innovative solutions to a panel of judges at the IIM Indore campus. The competition was followed by the summit’s flagship event, “Get Funded.” This Shark Tank-style pitch competition featured 24 teams from across the country, each presenting their ideas to top venture capitalists. The pitches addressed a wide range of pressing issues, showcasing the participants’ creativity and problem-solving skills.

The day also featured a talk by Mr. Amit Kansal, Director at NHPC, who shared valuable insights on India’s transition to green energy. He discussed innovative solutions like floating solar projects, which align with the country’s agrarian landscape by optimizing land use. The summit concluded with ‘A Day at IIM Indore,’ offering MBA aspirants a glimpse into the life of a B-school student. The successful conclusion of the 10th edition of the i5 Summit left a lasting impact on aspiring entrepreneurs and attendees alike.