(News) IIT Kanpur Organizes Business and Entrepreneurship Festival ‘Megabucks’08’
IIT Kanpur Organizes Business and Entrepreneurship Festival ‘Megabucks’08’
The
Entrepreneurship and Business festival of IIT Kanpur, ‘Megabucks’08’, with
more than 20 events will be organized from February 28 - March 2, 2008. Over the
last few years Megabucks has led to establishment of 12 companies. This year,
over 150 business plans will compete in ‘iDeas’, the B-Plan contest, will
receive more than four criers of seed funding from ATCC and Rs150 thousand as
Seed Fund for the best business plans. Battlefield, the Case Study Competition
will see participation in case studies acquired from a consulting agency
Technopak. The winner will get Rs15, 000.
Megabucks
will make each one of the participants a resident of a virtual world called
Megaworld. Visiting the control desk will give a virtual currency called
Megabucks which one can use to enjoy themselves by playing golf or by just
gambling it at the casino. To earn more they will have to trade at the virtual
stock market and get a feel of Derivatives and Bulls and Bears. After gaining a
lot, they can buy real things like electronic gadgets or flowers, which will be
put on auction.
There
will be a video-conferencing session by Dr Myron Scholes, Noble Laureate for his
work, Black Scholes Model. Following suit would be Mr Sanjeev Sinha, Director,
UBS will share his experience about how he rose to the top of the financial
world at such a young age. A close second will be a workshop on Bootstrapping, a
startup being conducted by Rohit Nalwade, Alumni IIT Bombay who started a
company when he was still in the third year of his college.
Megabucks’08
would play host to three conferences. In a conference titled, Dropper’s
Enclave, one would get a chance to meet six people who dropped out of college to
pursue their dreams and are currently bigwigs in their own right. Participants
will know about how an IIMA dropout became a World Bank consultant, or how an
Osmania University dropout now owns 15 companies. This conference would be
covered on national television channel, NDTV. Second conference, Companies Build
Nations, will see CEOs of companies and a Harvard Business School professor
giving insights to the students as how companies are shaping the destiny of
nations. Another conference on Legal Entrepreneurship by INSOL will tell
students about the legal proceedings that go behind mergers and acquisitions, or
even simple everyday business deals.
Courtesy:news.education4india.com
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