Kolkata, 29th January : India Innovation Impact & Entrepreneurship Conclave (IIIE Conclave), a part of Bengal Global Trade Expo (BGTE) concluded on Saturday, 28th January, at Biswa Bangla Mela Prangan. The concluding session witnessed the final announcement of the qualified start-ups to receive funding from investors and the final count of placement opportunities available to students. The three-day long conclave provided access to funding opportunities, platform for investor-investee relationship, and boosting job opportunities for aspirants.
In the IIIE Conclave, there were a total of 58 unique pitches from the start-ups, 13 of which appeared online. There were eight equity investments in total; among which five reached the "draft sheet" stage on the final day. The session witnessed an interaction of 11 investors, who shared their experience in conducting business in Kolkata. Angel investors like Gautam Sivaramakrishnan from Blume Ventures, Gautam Vamshi, a start-up investor, and Sayed T Husain, Executive Director of JP Morgan Chase & Co , were present during the concluding session. About (13 million dollar) in debt and equity are to be invested across 24 deals. Talks are on with another 112 ventures pertaining to investments. The final deals will be followed up for over a period of 45 days to conduct due diligence, informed members of the conclave. In the hiring forum of the conclave, 138 students sat across different start-ups for job offers. The forum will also help students travelling from across the country to get opportunities to work remotely on a contractual basis. The conclave also announced more than 300 internship opportunities for students from different colleges.
Commenting on the session, organisers of IIIE Conclave stated, “We have taken this initiative to present opportunities to both start-ups and investors to rope in the right skills and build quality organisations. Our initiative to hire students from various organisations has provided significant industry exposure to talent pools, connecting them with the market. A total of Rs. 116 crores in equity and Rs. 80crores in debt have been pledged till now.”
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