KL Technology Incubators Foundation (KLTIF-TBI) at KL Deemed to be University hosted an Innovative Boot camp to Create and Nurture Entrepreneurial Ecosystem.
On November 5, 2022, KL University, one of the best private universities in India, hosted the KL Technology Incubators Foundation, Innovative Bootcamp 2022, on its campus. A well-structured evaluation parameter for startups in the ideas and prototype stages was developed to strengthen and expand the startup ecosystem throughout the nation. Startups would receive funding from KL Technology Incubators Foundation under the MeitY TIDE 2.0 Scheme for up to Rs.7 lakhs, which will assist entrepreneurs and innovators in reaching the Minimum Viable Product stage. There were 140 applications from all over India, and 30 startups were chosen to present their innovative concepts to the panel of experts. The panel made up of successful entrepreneurs, venture capitalists, industry experts, and ecosystem enablers.
Prominent individuals like Mr. Vijetha Shastry, Associate Director at Dexter Capital, Mr. Subbarao NV, Board of Directors at Hyderabad Angels, and Mr. Ajay Kabadi, Founder and CEO of DocketRun Tech Pvt.Ltd, Mr. Rajendra Prasad Moturu, founder of the Clevinno Water Foundation, Dr. M. Bapuji Maringanti, professor of pharmacy at the KLEF and retired CSIR scientist,Prof. Penke Satyanarayana, IOT DepartmentSmt. KLEF (HOD)The presence of Veena Hanamsagar, Chief Executive Officer of KLTIF – TBI, and Dr. Rajasekhar Krovi, Prof. CSE, enriched the event.
At this occasion according to Er. Koneru Raja Hareen, Vice President of KL Deemed to be University and Director of KLTIF-TBI, "Our endeavor from this initiative was to empower young people in their journey towards entrepreneurship."These platforms provide entrepreneurs with opportunities to learn about the startup culture, methods, frameworks, skills, and behaviors, as well as mentoring from a team of innovators chosen with care to generate and deliver value through innovation.We would like to express our sincere gratitude to the Ministry of Electronics and Information Technology (MeitY) of the Indian government for their outstanding support.
“The goal is to make it easier for entrepreneurs to get a practical understanding of the fundamental business dynamics, quickly identify and develop prototypes, validate markets, and connect with industries in a friendly environment. These platforms aid in the development and maintenance of an entrepreneurial ecosystem, Smt.CEO of the KL Technology Incubators Foundation, Veena Hanamsagar.
Through this Innovative Bootcamp, KLTIK-TBI brought a culture of innovation, entrepreneurship, collaboration, and experience to student startup enthusiasts to assist in translating a business idea into practice. Since its inception in 2018, KLTIF has supported more than 50 national startups, which have resulted in the creation of over 200 jobs.
