E-Summit'23 augmented our ambitions for 2023!🤩🪂📈🚀💜🧡
So, friends, everybody has thought of getting internships/jobs up until now, but now that the E- Summit’23 has happened🤯 we hope we have augmented your ambitions🪂 of becoming an entrepreneur!📈
We are in the golden era of entrepreneurship🪙 with many Indian ventures even going global🌎. India has emerged as the third-largest startup ecosystem in the world.🚀📈
So here we’re with E-Cell IIT (BHU)’s newsletter to deep dive into the Startup universe🌐 and help you achieve those augmented ambitions🚀. (if we have been too dragooning click on the “augmented ambitions” just before this bracket😜)
Be it helping you with how to evaluate your startup ideas to first interning at a startup working on cutting-edge technology before building your own venture, we’ve got you all covered in the first edition of the E-Cell IIT (BHU)’s newsletter for 2023.🤝🏻🪄🫂So,
#primetime
Amazon's $250 Mn Venture Fund accelerates🚀 the growth of digitized SMBs
At a time when the funding winter🥶❄️ has hit the Indian startup ecosystem hard, e-commerce giant Amazon’s maiden $250 Mn venture fund, Amazon Smbhav Venture Fund💸💰, which was launched in April 2021, has expanded its focus to also invest in small and medium-sized Indian startups in various sectors, listed below.
It backs Indian startups that are focused on-
using technology to digitize small businesses🧑🏻💻
enable universal and quality healthcare access for all using technology🩺👩🏻⚕️🧑🏻💻
drive technology-led innovation in agriculture🌾👩🏻🌾 to improve farmer productivity.
In addition, the fund has expanded its focus areas to invest in technology startups focusing on fintech💸🧑🏻💻, electrification🔌, e-commerce services, consumer brands, ML, gaming🕹️, and social media innovators🤳🏻.
Along with the funds, the startups also get access to global reach🌍, expertise💯 & a scaled investment team💸🤝🏻.
Fun fact🎡- We had Amazon Web Services Activate as the Startup Services Partner for the E-Summit’23🥳! Sorry but no sorry, we aren’t yet over the E-Summit and we know nor are you :)🫂😃
#whatsthisphrase and #whydoesitmatter
Right Of First Refusal 🤝🏻🤑
Right of first refusal (ROFR) is a contractual right to enter into a business transaction with a person or company before anyone else can.
India has now become the focal point for many investors keen to support and help scale up🎢 startups providing innovative propositions. However simultaneously, they want the relationship to be mutually beneficial🤝🏻. Through ROFR, investors would like to have the first right to invest more when the company raises its next round of funding.
It allows them to double down on well-performing startups, maintain their percentage holding (sometimes called ‘pay to play’), and retain some important rights.
For companies, investors doubling down in future rounds is a great endorsement and provides confidence to incoming investors. This also provides early-stage investors to invest in winners of their portfolio and partake in the growth journey of their investee company.
#internship@startupsofIITBHU🦾🤩
Textr AI is an AI-powered virtual writing assistant that uses advanced NLP to help you generate high-quality content⚡📝 in a matter of seconds🤏🏻 and at a fraction of the cost.💸🤩 The company is at the forefront of innovation in the industry and is constantly pushing the boundaries of what’s possible. 🦾🙌🏻📈
And they are hiring Graphic and UI/UX designers!!🪄
But not just that!! They are very keen and receptive to whatsoever else you can bring to the table, any inputs, any suggestions are welcome!🤗 And unconventionally, apart from the skills you already have, they will also be taking into account the skills you wish to learn!✨
The form link for the same is➡️ Textr AI Internship form.
To know more about the opportunity and perks have a look at➡️ Textr AI internship details
#funzone
What to DO to DO NOTHING to market your product for FREE in the future?🧙🏻
Confusing😵💫, right? But in simple words, it meant how to advertise your product for FREE, forever? Yes, you read it right, Cadbury’s 5 Star, has just done that. Cadbury’s 5-star has done something indigenous, all while promoting ‘do nothing’. 🧙🏻♂️🪄
I know we have done a lot of wordplay 🤹🏻♀️😵 , so without further ado⏰, go check out for yourself, how did they do so!!🌟🧠🤯
In the brand’s words, it is probably “The biggest ad campaign in history”, well it certainly is geographically the most widespread🌐🗺️. And we do think that the marketing team at 5 stars really deserves a full 5-star rating for their brilliant 🧠marketing campaign!⭐⭐⭐⭐⭐
#weeklyspecial
Well, the highlight for the whole IIT BHU this week was definitely the 3rd edition of the Indian Institute of Technology (Banaras Hindu University), Varanasi’s E-Summit’23 which witnessed a humongous footfall of 8.5k participants😯. The summit encapsulated 10 competitions🏁, 5 talks & panel discussions🗣️🎤, a splendid startup showcase🏟️, and exclusive networking events🤝🏻.
It was an absolute pleasure to host eminent personalities like Sandeep Jain, Deepak Tuli, Rakesh Sarin, Ganesh Rengaswamy, Sahithi Divi, Purnendra Kishore, Shobhit Shubhankar, Shashwat Agarwal, Sumit Bhat and many others from PW (PhysicsWallah), Quona Capital, Goibibo, Boston Consulting Group (BCG) in the lush green IIT (BHU) campus💚.
The summit also witnessed partnerships🤝🏻 with some of the biggest organizations like, Jaguar Land Rover, Bank of Baroda, Amul India, ICICI Bank, Microsoft for Startups, Amazon Web Services (AWS), Zoho, and many others.
We would love to hear what was your favorite part of the summit, which session did you find most insightful, did you get any of your fan moments fulfilled, and also your feedback on how could we’ve made things better and what would you like to see in E-Summit’24!📝
#bookworm 🐛📔
2 weeks into the new year and we know let alone following, by this time most people would’ve even stopped talking about new year's resolutions.🙊🫂 But here’s a gentle cue for all our dear entrepreneurs and wantrepreneurs to give this year a headstart by reading these books recommended by Matt Gray, founder of Founder OS and HerbWorthy.
Matt Gray's book suggestions
#youtubebinge
We know those book suggestions and of course, the E-Summit 2023 would’ve really really augmented your ambitions of becoming an entrepreneur and you would be wondering how to evaluate your startup ideas💡👍🏻 👎🏻.
Then the following video by YC partner Kevin Hale would be helpful for you if you belong to one of the following categories-
you haven’t picked up a startup idea yet🤔
you are worried that your startup idea isn’t good enough😨
Happy watching, and happier building!🏰
That’s all for this week fellow startup enthusiasts, we’ll see you in the next one.🙋🏻♀️